ROK, China Strive for Mutual Economic and Trade Benefits

The President of the Republic of Korea （ROK） Roh Moo-hyun announced that Korea fully recognized China＇s market economy status. Roh＇s announcement was made during a joint press conference with Chinese President Hu Jintao, who was on a state visit to ROK in November. China is now the largest trading partnet of ROK, with trade volume between the two countries expected to reach 100 billion US dollars this year. The two leaders agreed that the bilateral trade volume should be doubled to 200 billion US dollars by 2012. A significant milestone having been reached between the two countries, what kind of impact can be expected to follow from the events in regards to the bilateral economic and trade relations between China and ROK？ With such questions in mind, China＇s Foreign Trade reporters interviewed Kim Ha-joong, Ambassador of ROK to China.     

Opportunities for A Low Carbon Future-- China＇s Clean Revolution II

Despite economic downturn, China＇s domestic markets continue to scale up low carbon technology. A new report that was released in Beijing in August by the Climate Group shows that in an incredibly short time China has taken the lead in the race to develop and commercialize a range of low carbon technologies. On the back of ambitious government policies and a new breed of entrepreneurs, Chinese businesses are amongst the top producers of electric vehicles, wind turbines, solar panels and energy efficient appliances. Even with this growth, the opportunities for Chinese and foreign companies are huge. A successful agreement in Copenhagen later this year will open the door to further collaboration and growth.     

Ace Auto's After-sale Adds Advantages

In the auto market, consumers often asked a question why the same car in the European and American market is cheaper than that in China. The key to this question lies in ,the difference of profit chains between European ＆ American market and Chinese market. In the mature European or American market, the portion of profit from auto sales accounting for the total profit is comparatively small, and quite a large share of profit derives from the auto＇s after-sale service market. With car ownership breaking through 30 million in China, the competition in auto industry in China is increasingly fiercer. And the time to rake in profits solely through selling cars has passed. The auto＇s after-sale service market gradually becomes another battle field for profit grab.     

Coca-Cola＇s Acquisition Over Huiyuan Juice

China＇s Anti-Monopoly Law, the foundation stone of the market economy, started to be implemented since August 1st 2008. After half a year of investigation, Coca Cola＇s acquisition of Huiyuan Juice was put to a stop by Ministry of Commerce on March 18th 2009. It became the first abortive case since the implementation of the Anti-Monopoly Law and caused strong repercussions home and abroad. While the nationalists applauded for the decision, overseas media generally took a skeptical attitude, considering it as a case of trade protectionism. This phenomenon requires a rational interpretation and guidance for the domestic and international media. On the one hand, acquisition by foreign capital may bring advanced technology and management experience and promote economic development; on the other hand, it may lead to the monopoly of relevant market, hamper competition and cause some domestic brands to disappear. We should look at Coca Cola＇s acquisition of Huiyuan Juice from two aspects. There are both advantages and disadvantages in acquisition. Anti-monopoly law enforcement agency should not only pay attention to the damage to competition brought about by acquisition, but also to its positive role in promoting economic development. It should balance the pros and cons so that it can reach a rational conclusion and maintain the authority of law. Chinese society is better to take a balanced attitude to acquisition by foreign capital, and prevent nationalism to go spread unchecked. At the meantime, the international media should not overreact to this case, which could become the excuse for other countries to practice trade protectionism. The Chinese government simply made a misleading yet not wrong decision at a wrong place in a wrong time.     

RMB Exchange Rate Reform：Past and future

With the deepening of China＇s financial reform, economic development and the enforcement of market roles, the RMB exchange rate needs to become more flexible and become a more sensitive reflection of the changes in market supply and demand. Under such circumstances, on July 21, the People＇s Bank of China announced that the previous system where China＇s RMB was pegged to the U.S. Dollar would be changed to include a basket of foreign currencies, shifting China＇s exchange rate system into a managed floating exchange rate regime based on market supply and demand.     

Call for Textile Economic Recover

Chinese textile industry is a traditional sector boasting of competitive strength in global market. It＇s such a common phenomena that Chinese tourists are very difficult in finding a piece of clothes without a ＂Made-in-China＂ label in overseas supermarkets and malls. Even at the first World Expo, it was 12 silk produced in Huzhou, China, that caused a great sensation and won the Gold Expo in 1851, for the white and flexible silk was able to load 700 copper wires. And don＇t need to mention the Silk Road, originated from China.     

Portugal Sees Top Priority Market in China

In recent years, the economic and trade cooperation between China and Europe has witnessed a rapid growth and is showing a more and more remarkable tendency of market integration, this is why the Chinese market and western European countries are being comprehensively opened to one another. Portugal, at the western point of Europe which has a territory of 92152 sq. meters and a population of 10.54 million, is ready to accelerate its integration into the Chinese market. In 2005, according to Chinese statistics provided by the Custom Office, the bilateral trade between China and Portugal was only US$1.236 billion. When interviewed by China's Foreign Trade in November, H.E. Mr. Rui Quartin-Santos, Ambassador of Portugal in China stressed: "Among the countries in Europe, Portugal has one of the longest historical relations with China. China is regarded as a top priority market for Portugal and the Portuguese business community." His comments are as follows. By Editor     

Portugal Sees Top Priority Market in China——Interview with H.E.Mr.Rui Quartin-Santos,Ambassador of portugal in China

In recent years, the economic and trade cooperation between China and Europe has witnessed a rapid growth and is showing a more and more remarkable tendency of market integration, this is why the Chinese market and west-em European countries are being comprehensively opened to one another. Portugal, at the western point of Europe which has a territory of 92152 sq. meters and a population of 10.54 million, is ready to accelerate its integration into the Chinese market. In 2005, according to Chinese statistics provided by the Custom's Office, the bilateral trade between China and Portugal was only US$1.236 billion. When interviewed by China's Foreign Trade in November, H.E. Mr. Rui Quartin-Santos, Ambassador of Portugal in China stressed: "Among the countries in Europe, Portugal has one of the longest historical relations with China. China is regarded as a top priority market for Portugal and the Portuguese business community." His comments are as follows: By Editor     

Growth Enterprise Board on Track

In Premier Wen Jiabao＇s Government Work Report to the NPC,he said,＂China will establish a stock market for high growth enterprises this year,accelerate development of the bond market and steadily develop the futures market.＂But he didn＇t layout a fixed timetable.     

Energy Saving,Environmental Protection：Top Priority in China＇s Development——Exclusive interview with Dr.Yonglong L,Secretary-general,Chinese Committee for SCOPE（Scientific Committee on Problems of the Environment/ICSU）.

Energy saving,emission reduction and economic development are major issues China has to meet in building a harmonious society.On one hand,China should pursue a sustainable,fast and sound economic development,on the other hand,she should try to decrease the overuse of energy resources and the environmental problems caused by the rapid economic growth. In this regard,on June 24,the Standing Committee of National People＇s Congress deliberated the draft of Energy Saving Law,according to which China is to take“resources saving”as a basic national policy.This is a key issue to the long-term benefits of China.With relevant questions,China＇s Foreign Trade interviewed Dr, Yonglong L（？）,Secretary-general,Chinese Committee for SCOPE（Scientific Committee on Problems of the Environment/ICSU）.and Research Professor at the Chinese Academy of Sciences. Let＇s listen to Dr.L（？）＇s comments with wisdom.[第一段]