A top government think-tank warned that China is likely to suffer from the rising trade protectionism against the backdrop of the worsening financial crisis.
In accordance with the report by the Development Research Center of the State Council, China will become the main objective of trade protectionism, and this behavior will make the exporting environment worse in China.
The nation’s export sector Read more…
Popularity: 6% [?]
China, crisis, economy, export, import, protectionism, trade
According to a survey, in spite of higher operational costs brought by the financial crisis, there are fewer multinational companies focusing on manufacturing planning to relocate their manufacturing facilities out of China.
China is considered by the global business community as an indispensable player in an eventual economic turnaround as multinational manufacturers are strengthening their commitment to China which is probably a vital base of operations for Asia.
Compared with 17 percent of the 108 multinational companies (MNCs) expressing Read more…
Popularity: 6% [?]
business, China, crisis, economy, export, location, manufacturing
The provincial government of Guangdong opened a website the day before yesterday aiming to provide the Guangdong companies which are engaged in foreign trade with useful information.
Wan Qingliang, Vice-Governor, said that the website www.gd218.org.cn will function as an effective tool for the businesses in Guangdong at the lunch ceremony. It will report the messages Read more…
Popularity: 5% [?]
China, economy, export, Guangdong, import, traders, website
The General Administration of Customs announced on February 11, that the growth of China’s steel export that has lasted as long as 10 years finally declined by 5.5 percent year-on-year in 2008, which was a warn of threat to the field this year.
Customs said on its website that the steel export in China fell down to 59.23 million tons in 2008 whereas the export value has climbed up to $63.44 Read more…
Popularity: 4% [?]
China, economy, export, growth, market, steel
Economist are aroused by puzzle and anxiety bought by the tremendous drop in import and export in January, which did not even stop declining during the Spring Festival.
Compared with the last year, the General Administration of Customs figures, Read more…
Popularity: 3% [?]
China, decline, drop, economy, export, impact, import
According to China’s Ministry of Industry and Information Technology (MIIT) last week, it is considering cutting tax for lead-acid battery exporters in order to stop them from laying off workers.
An MIIT official said they are discussing the report but no conclusion has appeared. His team is waiting for industry figures from last year and will decide whether to Read more…
Popularity: 4% [?]
China, economy, export, industry, policy, recession, report, tax
As the global slowdown hit Chinese toymakers, some toymakers really suffered a lot. But business like Ouyang’s in this toy-making hub in Shantou of Guangdong province has been relatively unscathed.
Exports have dropped only very slightly, Ouyang said, about 30% products of her company cater to the domestic market, while 5% aims to Europe and the US, and the rest goes to Southeast Asia. Read more…
Popularity: 6% [?]
China, crisis, economy, export, Guangdong, Shantou, toy
Based on a survey, because of recessions in the US, Europe and Japan less demand for exports, China’s manufacturing contracted for a fifth month in December.
The CLSA China Purchasing Managers’ Index stood at a seasonally adjusted 41.2, compared with a record low of 40.9 in November, according to CLSA Asia Pacific Markets last Friday in an emailed statement. The index which is below 50 reflects a contraction. Read more…
Popularity: 5% [?]
China, crisis, economy, export, manufacturing, recession
According to the agencies, Top 3 American giant carmakers would reduce their plans in China. Since the financial bailout fails to rescue the US big three manufacturers, unfortunately, the automobile parts export would be severely influenced by the shrink of the US big three, GM, Chrysler and Ford. Suppose that the orders may decline in the following seasons, the massive employees in the automobile parts companies might be axed and the laid-off workers do not have enough money to purchase in domestic market. And the depression of the domestic market would trigger more problems to manufacturing fields. Above are contributed to a vicious circle, which means the American financial problem has brought the negative effects to Chinese manufacturing and the influence will go on in the following several months or longer.
Read more…
Popularity: 4% [?]
automobile, Domestic market, export, Financial tsunami
As a result of shrinking demand overseas, exports and foreign direct investment (FDI) of China both decreased in November. This phenomenon sends new signs of economic weakness and reminds us of the crying need to take more measure to develop our economy.
As Customs authorities said, exports decreased to $114.99 billion by 2.2 percent in November, and it was the Read more…
Popularity: 4% [?]
China, demand, economy, export, FDI, measure
A top government think-tank warned that China is likely to suffer from the rising trade protectionism against the backdrop of the worsening financial crisis. 
