Trade and Economic News

MOFTEC Lowering ThresholdThe Ministry of Foreign Trade and Economic Co-operation (MOFTEC) is-sued a notice that made new Regulations on the management of trading rights of the enterprises. Management of their trading rights, excluding foreign-funded companies, would change from the ex-isting mechanism of examination and approval to a combination of registra-tion and approval.According to the Regulations, Com-panies with over RMB5 million (US$603,800) registered capital, and over RM…     

英文摘要

Many firms have been closed down around the world after the outbreak of global economic downturn. Chinese firms took the opportunity to acquire overseas firms and brands. In 2009 Chinese companies completed over 30 merger and acquisition transactions abroad.     

To Witness CIEF Changing

From 1957 to now, the Canton Fair has witnessed the great development of China import and export trading and has recorded the pace of the country＇s growth since it established at that special period. Looking back the over fifty years, the fair has experienced four phrases： establishment, growing exploration and spanning.     

Preservation Orders in Commercial Disputes

Introduction China is among Canada's most important trading partners.British Columbia, Canada's gateway to the Pacific, saw a significant trade increase with mainland China in the last decade: from 2001 to 2010, B.C.'s exports to China increased roughly 500% to $4 billion. With such a significant trade volume, it is inevitable that contractual disputes will arise.What happens if the dispute involves a Chinese company doing business in B.C.? In this article, we will use the example of a commercial dispute involving a company from Shandong in order to illustrate one of the legal remedies available within B.C.'s legal framework.     

Chinese Demand for Gold Surges

Chinese demand for gold is surging and the annual demand in 2011 hit 761.05 tonnes (t).This amount is up 33.2 percent over the previous year according to recent data released by the China Gold Association. From gold jewelry to gold bars,Chinese demand for gold saw a boom in various fields in 2011.Among them,the consumption of gold jewelry amounted to 456.66t,a 27.9 percent increase over 2010.The consumption of gold bars increased to 213.85t,up 50.7 percent year on year and the consumption of gold coins hit 20.80t,up 25.2 year on year.The consumption of gold used in industry reached 53.22t,a 12.3 percent increase year on year.     

Outbound Tourism Soars in China

In 2010,Croatia saw a surge of Chinese tourists, so we will attach more importance to the Chinese market,Zlata Merlin,an official from the Croatian Tourism Bureau,told media at the 7th China Outbound Travel&Tourism Market (COTTM),held in Beijing from April 13th to the 15th. She was not alone in mentioning the importance of the Chinese market.Although the Japan earthquake and turmoil in North Africa has cast a cloud over the recovery of China's outbound tourism,the opening of the COTTM still suggests that...     

Offshore CNY Trading - Where Next？

<正>Singapore and Australia could be the next places for offshore CNY trading CNY-KRW and CNY-TWD trading may take longer to occur due to offshore trading issues...     

Data Watch on China's Foreign Trade and Investment in the First Eleven Months of 2011

China's foreign trade in the first eteven months of 2011 According to statistics of the Customs,China's exports and imports in the first eleven months of the year reached S3.30962 trillion,up 23.6％ over the same period last year.Specifically,exports stood at S1.72401 trillion,up 21.1％ vear on year,imports S1.58561 billion,up 26.9％ The first eleven months of the year saw a trade deficit of S138.4 billion,a decline of 18.2％ from the previous year.     

BULLETIN

Biz-China China's Securities Regulator Unveils Measure to Stabilize Market China's securities regulator late on April 20,ordered shareholders to sell stocks on the block trading system if they expect to sell a large amount of shares that were freed from the lock-up period.When more than one percent of a listed firm's total shares are sold within a month,the holders should use the block trading system. Analysts note that the measure is a move to shore up the stock market,after the benchmark Shanghai Composite Index     

Data Watch on China's Foreign Trade and Investment in January 2012

china's foreign trade in January 2012 According to statistics of the Customs,Chinas exports and imports in the first month of 2012 reached $272.6 billion,down 7.8％ over last year.Specifically,exports stood at $149.94 billion,down 0.5％ year on year,imports $122.66 bilion,down 15.3％.The month saw a trade surplus of $27.28 billion.The 2012 Chinese Spring Festival,which fell on January,factored into the data.     

Beijing Light Industrial Products Import and Export Corporation

The Beijing Light Industrial Products Import and Export Corporation is under the Beijing Municipal Foreign Economic and Trade Commission. It is a state-owned specialized foreign trading corporation founded in 1964. Through constant development and growth, the corporation has established business relations with over 2,000 customers in over 100 countries and regions worldwide. Domestically,     

October Sees New Records Set

A total of 451,644 people flew throughout the Dragonair network in the month, up 8.7% on September."The month started off slowly due to less inbound traffic to Mainland cities during the National Day holidays, but picked up quickly thereafter, bolstered by strong business and leisure traffic," explained Dragonair CEO Stanley Hui."Significantly, we also saw greater demand from individual travellers in the Mainland, which has positive implications for future growth. It is over a year since the Individual Travel Scheme was launched, and the benefits are now gradu-     

Data Watch:China's Foreign Trade and Investment in the First Four Months of 2012

China's foreign trade in the first four months of 2012 According to statistics of the Customs,China's exports and imports in the first four months of 2012 reached $1.16718 trillion,up by 6.0％ over the same period of last year.Specifically,exports stood at $593.24 billion,up by 6.9％ year on year;imports $573.94billion,up by 5.1％.The four months saw a trade surplus of $1.93 million.     

Protectionism, Futile to Crisis

With a deepening economic crisis and rising calls for public assistance in sectors ranging from finance to autos, there are also signs of growmg nervousness about the dangers of protectionism. The real worry is excessive use of antidumping, countervailing duty, and safeguard protection, misguided public subsidies, rising protection in the poorest countries, and temptation in the US Congress to violate existing treaty commitments. In order to shift the burden of the crisis on to trading partners to the highest possible extent, the trading powers of both the 1930s and the 1980s relied on the in- strument of protectionism and thus on the walling-off of their own markets. These trends can also be discerned in the current financial crisis.     

Data Watch on China's Foreign Trade and Investment in January 2012

China's foreign trade in January 2012 According to statistics of the Customs,China's exports and imports in the first month of 2012 reached $272.6 billion,down 7.8％ over last year.Specifically,exports stood at $149.94 billion,down 0.5％ year on year;imports $122.66 billion,down 15.3％.The month saw a trade surplus of $27.28 billion.The 2012 Chinese Spring Festival,which fell on January,factored into the data.     

Devotion to a Regional Coal Trading Center in Asia Pacific——Interview with Pan Yigi,President of Great East Natural Resources Investment Pte.Ltd.

Beside the Lakeside Reservoir in Huli District of Xiamen,a special economic zone in Southeast China’s Fujian province,the construction of a coal futures trading center is underway.It is expected to make Xiamen a regional coal trading center and lift its international status in the world’s energy sector.The center,invested and organized     

"Strength With Peace"-Treasure Of Trading Between East and West—Wong Kam Hong (黄锦康)，Depuety Chairman of Midland Holding Ltd

Introduction Since China joined WTO,it has played an increasingly important role in global trade.China has demonstrated its competence in the global trade market.Wong Kam Hong,Deputy Chairman of Midland Holdings Ltd (Hereafter as Midland) believes trading not only exports goods and services,but also encourages cultural exchange.Midland and its subsidiaries is now the largest listed real estate agency in Hong Kong.Wong Kam Hong believes this is not as simple as buying and selling trading between the East and the West.To breed a kind of unique national treasure (国家资产),we need to blend the culture of the East and the West.With reference to Wong Kam Hong's over-30-year experience of living in Hong Kong,an international trading hub,and working in the very sophisticated real estate and finance industries.Through trading process,we can merge Tai Chi,the most powerful national asset of the East with the West's modern business management.     

Data Watch:China's Foreign Trade & Investment in the First Quarter of 2012

China's foreign trade in the first quarter of 2012 According to statistics of the Customs,China's exports and imports in the first quarter of 2012 reached $859.37 billion,up by 7.3％ over the same period of last year.Specifically,exports stood at $430.02 billion,up by 7.6％year on year;imports $429.35 billion,up by 6.9％.The three months saw a trade surplus of $670 million,compared with a deficit of $2.22 billion at the same period of last year.     

FTA WILL EXERT ITS POTENTIAL IN 2010

Although, due to the international crisis, the bilateral trade between China and Pakistan was decreased, the highlight was that China has .become Pakisatan＇ second largest trading partner in 2009.     

More Cooperation to Enhance Prosperity in East Asia

By the end of 2003,the contract investment capital of Japanese enterprises in China totaled to US$57.48 billion.Japan has been the biggest trading partner of China for 11 successive years,and they are big importers to each other.