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…
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China, crisis, economy, export, import, protectionism, trade
A series of trade barriers will be caused by the “buy American” products only clause in the $787-billion US economic stimulus package while large exporters, such as China will be hurt by this move, economists said last Sunday.
It is obvious that trade protection is certain to rise, said Mei Xinyu, a trade expert form the Ministry of Commerce. The current situation will stay for some time, he said, referring to the lasting effects caused by the US stimulus package. Read more…
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China, economy, protectionism, recession, trade, U.S., world
Last Monday, Shanghai celebrated the two giant vessels leaving for Kaohsiung in Taiwan at 10:45 am which was the first direct cross-Straits journey in almost 60 years. Fifteen minutes later, the Xin Yan Tai left Tianjin for Keelung.
“The first direct voyage across the Straits starts,” declared Shanghai Mayor Han Zheng at Yangshan Deepwater Port. Read more…
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China, economy, Kaohsiung, Keelung, Shanghai, Tianjin, trade
More than 1,000 senior officials, members of high society and business tycoons attended a gala dinner held by the Pearl River Delta (PRD) city of Jiangmen late last month with the aim to make better ties with commercial organizations in Hong Kong.
It was also said that the gala dinner was a good opportunity to exchange business ideas during the global crisis.
According to Wang Read more…
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China, economy, Hong Kong, Jiangmen, PRD, trade
On Nov 3, a delegation of Canadian business leaders signed 20 deals with Chinese counterparts in Beijing in order to promote cooperation and strengthen ties between the two countries during the global economic slowdown period. The contract signed at a time when China becomes the second-largest trading partner of Canada, only second to the US.
More than 200 business leaders from Canada and about 400 from Read more…
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Canada, China, cooperation, promote, trade
Danish Prime Minister Anders Fogh Rasmussen said yesterday, “To strengthen the mutually beneficial partnership between China and Denmark, the China Action Plan will be launched.”
The plan consists of political dialogue and cooperation in scientific research, technological innovation, education, trade and investment, culture, tourism, energy, environmental protection and the fight against climate change. Read more…
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boost, Denmark, improve, Shanghai, trade
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
The free trade agreement (FAT), signed by China and New Zealand, signifies not only a great achievement for the two countries to promote their trade and economic ties. It also boosts free trade under the danger of a resurgence of protectionism.
China has been actively promoting free trade in recent years as the largest developing country in the world. The new agreement is the seventh FTAs China has signed with other Read more…
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close, encourage, FAT, tie, trade
All overseas-funded enterprises will be unionized by the end of next year, an official from China’s top trade union body said yesterday.
Wang Ying, a division chief of the grassroots organization and capacity building department of the All-China Federation of Trade Unions (ACFTU), said more than 4,100 major foreign companies run by the Fortune 500 are doing business in China. Read more…
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China, firm, overseas, trade, union
It is said that China is still the most attractive country for foreign direct investment (FDI) in the developing world despite the global financial crisis.
But according to a UN report, this year FDIs across the world will drop 10 percent from the record high of last year because major companies have scaled back their investment plans.
Global FDIs rose 30 percent to $1,833 billion in 2007, even Read more…
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China, direct, foreign, investment, trade
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. 
