New Curbs on Processing Trade for A New Trade Pattern

China recently announced a new policy that seeks to rein in the de- velopment of processing trade in re- stricted commodities,in a bid to op- timize the country's exporting struc- ture,put strong curbs on the export of"high-energy-consuming, high- polluting and resource-dependent"products,and discourage the export of commodities with low added value and poor technology content,so as to gradually eliminate trade frictions, and promote trade balance to ease tension caused by the too wide trade surplus.The change is instrumental in upgrading the present processing trade system,transforming the pat- tern of foreign trade growth mode, and promoting the sustainable devel- opment of social economy.     

New Evolvement of Sino-American Trade

US-China Business Council, has constructed a“ platform of systematic cooperation “for the exchanges and cooperation between the Chinese and American industrial and business circles.     

China''''s Trade Surplus Hits New High

China has seen its aggregated trade surplus reaching US$95.65 billion from January to August, with the trade surplus in Au gust hitting a single month high of US$18.8 billion. Statistics released by the General Administration of Customs also     

Do Environmental Regulations Influence Trade Patterns? Testing Old and New Trade Theories

The relationship between trade liberalisation and the environment has been the subject of a growing body of literature in recent years. One particular focus of attention has been whether environmental regulations are influencing patterns of international trade. This paper aims to examine this issue in the context of the Heckscher‐Ohlin‐Vanek (HOV) model of trade, but also in a ‘new’ trade model characterised by monopolistic competition and differentiated products. Our use of the HOV model improves upon a well cited study by Tobey (1990) in many ways, not least by allowing for the possible endogeneity of environmental regulations. We find no significant relationship between such regulations and ‘dirty’ net exports. The ‘new’ trade model explains the presence of both intra‐ and inter‐industry trade and we again allow for the possible endogeneity of regulations. We believe this to be the first study to assess the role of environmental regulations within a ‘new’ trade model, but also the first to allow for the endogeneity of regulations in a cross‐country model of trade. We find environmental regulations to be a statistically significant determinant of the share of inter‐industry trade (net trade) and we find this significance to increase when endogeneity is controlled for.     

China＇s Trade Surplus Hits New High

China＇s automobile production and sales both shot up 25% in the first eight months of the year, the China Association of Automobile Manufacturers said on September 8. The country produced 4.64 million vehicles between January and August, an increase of 25.37%.     

New Trade Sector Benefitting Market Economy in China

The Chinese government has never stopped its reform pace since 1978 to make its role more suitable for the country's increasingly market-oriented economy. By 2002, the State Council has undergone four major changes since China began its reform and opening-tip policies in late 1970s. The efforts mainly aimed at making government bodies to operate more efficiently.The Standing Committee of the 10th National People's Congress makes great     

Cross-border E-commerce: New Engine for Foreign Trade Development

The COVID-19 pandemic has stimulated the digital transition of global foreign trade and China’s cross-border e-commerce has been growing markedly.Data shows that the total foreign trade carried out through cross-border e-commerce amounted to RMB 1.69 trillion in 2020,up by 31.1%from the previous year.     

Mainland issues New Policies to Boost Cross-Straits Trade Ties

China is pushing forward its currency Renminbi （RMB）＇s capital account convertibility gradually and in a stable manner, said an official with the State Administration of Foreign Exchange （SAFE）, ruling out both an adventurous leap and conservative cautiousness, according to a report of Xinhua on April 12.     

Shanghai's New Foreign Economic and Trade Achievements in 1996

1996 was the first year of Shanghai's Ninth Five-year Plan in foreign trade. Although the country saw significant readjustment in foreign-related economic policies and great changes in macroeconomic environment, Shanghai's foreign economic and trade work stood the test, maintained steady growing development and realized all the goals set for     

Beijing's Foreign Trade——Readjusting the Structure for New Growth Points in Beijing's Foreign Trade

At a working conference, Vice Mayor Lu Yucheng presented a plan for Beijing's 1997 work in foreign trade and economic cooperation. The general task is to carry out the strategy of great economy and trade, expand exports, use foreign funds reasonably and effectively, and conduct international economic and technical cooperation. The major target is to complete export volume of US$2.3 billion. Last year's import and export     

New Historical Record Created in July‘s Foreiag Trade

According to the statistics from Chinese Customs, in the first seven months of this year total China‘s foreign trade value has reached US$623.11 billion, up 38.3％ compared with the same period of last year; among them the export was US$309.12 billion and the import was US$313.99 billion, up 35.5％ and 41.3％ respectively; and the unfavorable balance was US$4.87 billion.……     

BULGARIA, Old Friend Eyes New Trade Cooperation with China

Bulgaria, one of the earliest countries to establish diplomatic relations with China in 1949, joined the European Union（EU） on January 1, 2007. This event has great significance in boosting bilateral reations between Bulgaria and China.In March,China＇s Foreign Trade interviewed H.E.Mr.Angel Orbetsov,Ambassador of Bulgaria.“Let me emphasize that the Republic of Bulgaria and the People＇s Republic of China enjoy traditional relations, wich have been thiving logn before our accession to the European Union.”Angel Orbetsov said. The follows are his comments.     

BULGARIA,Old Friend Eyes New Trade Cooperation with China

Bulgaria, one of the earliest countries to establish diplomatic relations with China in 1949, joined the European Union(EU) on January 1, 2007. This event has great significance in boosting bilateral relations between Bulgaria and China. In March, China's Foreign Trade interviewed H.E. Mr. Angel Orbetsov, Ambassador of Bulgaria. "Let me emphasize that the Republic of Bulgaria and the People's Republic of China enjoy traditional relations, which have been thriving long before our accession to the European Union." Angel Orbetsov said. The follows are his comments. By Editor     

The 101^st Canton Fair, Import Functions Added, Eyes New Market, New Trade Partners

The 101st Session of Canton Fair will be held in Canton city,Guangdong province from April 15 to 30, 2007. The fair, used to be named as China Export Commodities Fair for 100 sessions, is to be rebranded as China Import and Export Fair. By changing the name, a new service as import will be added, so as to encourage more import to meet the capacious market demand in China market, pursuing a more balanced and healthier international trade development.     

What＇s New in U.S. Trade Regulation？

With the benefits afforded by engaging in international trade comes the hurdle of navigating the complex regime of U.S. trade controls. In 2009, traders will contend with yet another new trade control in the United States： the May 2008 amendments to the Lacey Act of 1900. These amendments, aimed at preventing illegal logging, affect every product containing any amount of plant or plant product that is imported into or traded within the United States. Compliance with these measures may be onerous at first, but should become routine quickly with proper preparation.     

Canton Fair, New Functions Perform In the New Era——Interview with official of China Foreign Trade Center

Sponsored by the Chinese Ministry of Commerce (formerly known as the Chinese Ministry of Foreign Trade and Economic Cooperation), the Chinese Export Commodities Fair, or Canton Fair, is held in April and October every year in Canton city, Guangdong Province. All domestic general import and export companies, as well as their provincial branches, are welcomed to participate. The first Canton Fair was held in the spring of 1957. Many different industries and fields were represented there: rice, cooking oil, food, farming products, textiles, silk, light industry, crafts, the chemical industry, the pharmaceutical and healthcare industry, hardware and ore-mining industry, mechanical industry, electrical industry, and non-ferrous metal smelting, to name a few. The Canton Fair has grown substantially over the last fifty years, and now it has earned itself a reputation as "China's No.1 Fair", and as "China's Most Traditional Fair". In October, 2006, Canton Fair is greeting the 100th Anniversary. The fair has made splendid achievements, especially since the early 1980's when the policy of reform and opening-up was implemented. In September, China's Foreign Trade interviewed leaders of China Foreign Trade Center, the undertaker of Canton Fair. By Editor     

The 101~(st) Canton Fair, Import Functions Added, Eyes New Market, New Trade Partners

The 101st Session of Canton Fair will be held in Canton city, Guangdong province from April 15 to 30, 2007. The fair, used to be named as China Export Commodities Fair for 100 sessions, is to be rebranded as China Import and Export Fair. By changing the name, a new service as import will be added, so as to encourage more import to meet the capacious market demand in China market, pursuing a more balanced and healthier international trade development. Xu Bing, Deputy Secretary General     

Exploring New Ways to Deepen the Reform of State-owned Foreign Economic and Trade Enterprises

By the end of the century, the reform and development of China's state-owned enterprises will create new prospects. The reform of state-owned foreign economic and trade enterprises should also see further breakthroughs. At present, the following aspects are important: 1. Implement a Holdings System in the Reform of State-owned Foreign Economic and Trade Enterprises. The holdings system plays a major role in transferring the management mechanism of state-owned foreign economic and trade     

Booming Arts-and-Crafts Trade

Founded in 1993, the Beijing Arts and Crafts Group, formerly the Beijing Arts and Crafts Corporation, is one of the earliest independent export enterprises in Beijing. Since it was granted the right to export in 1989, its trade has steadily increased. When it started exporting it earned US$4 million in foreign exchange. A year later, the figure increased to US$9.6 million. In 1993, it earned US$17. l million, up by 9.6 percent on 1992.