Peter Ammon, State Secretary of the German Federal Foreign Office, made his remarks during an interview on the sidelines of the Guangzhou stop in cultural festival “Germany and China—Moving Ahead Together”. He said that with today’s background of the global financial chaos, it is crucial for Germany and China to increase economic cooperation.
Trade between Germany and Guangdong province in China, which is larger that the trade between Germany Read more…
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China, cooperation, economic, Germany, increase
The National Bureau of Statistics (NBS) said yesterday that the contribution of trade to China’s economic growth fell to 12.5 percent in the first nine months of this year. The decline and the worsening global financial crisis have caused economists to forecast harder period for the exporters during the first half of next year. Read more…
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contribution, economic, fall, growth, trade
As the global economic slowdown and decreasing demand in main international markets, international trade in China is lessening gradually.
The country may bear more uncertainties in export and import business because of the worsening situation in the international market.
In the first eight months of the year, China’s exports increased to $937.7 billion by 22.4 percent and 3.3 percent less than last year. Imports were up to 785.7 billion by 30 percent, 10.4 percent than 2007.
Owing to the growth in exports decreasing while imports were increasing, the country’s trade surplus decreased to $152 billion, $10 billion less than the year 2007.
At the same time, China’s exports to U.S.A. just increased by 10.6 percent, Read more…
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demand, economic, exporter, global, slowdown
Shanghai began to do the economic reform in the early days. Now, it has more than caught up with the other coastal cities in establishing its key role in the nation’s development.
In the process, it has transformed itself from a dull and inefficient manufacturing base for a planned economy to a vibrant and progressive metropolis, servicing the modern industrial heartland of the Yangtze River Delta Read more…
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China, economic, key role, reform, Shanghai
