At the 13th AEM-MOFCOM conference held earlier this week in Naypyidaw, Myanmar, it was agreed to upgrade the ASEAN-China Free Trade Area (ACTFA) in order to ensure that it remains relevant in today's economic climate. The AEM-MOFCOM (ASEAN Economic Ministers-Ministry of Commerce People's Republic of China) meetings formed part of the broader 46th ASEAN Economic Minister Meeting. The topic of Custom Procedures and Trade Facilitation (CPTF) negotiations was also raised, as well as the need to review the Sensitive Track and Rules of Origin, with a progress report to be made at the next AEM-MOFCOM consultation.
Statistics reveal that China remains ASEAN’s biggest trading partner, with total trade reaching US$350.5 billion. Trade with China makes up 14% of ASEAN’s total trade and reflects an increase of 7.7% year-on-year. ASEAN was the recipient of US$ 8.6 billion in foreign direct investment from China, being an increase of 60.8% year-on-year, and totaling 7.1% of total foreign direct investment in ASEAN member countries – Indonesia, Philippines, Malaysia, Thailand, Singapore, Brunei, Laos, Cambodia, Myanmar and Vietnam.
The initial concept of the ASEAN-China Free Trade Area (also known as China-ASEAN Free Trade Area – CAFTA) was signed in November 2002 and came into effect in January 2010. ACFTA is the world's largest free trade area measured in population, and the third largest in nominal GDP. With China's continued development as an economic power in the 21st century, it is anticipated that ASEAN-China trade will grow substantially. The proposed Asian Infrastructure Investment Bank (AIIB), which aims to rival the World Bank, Asian Development Bank and IMF, will no doubt play a major role in trade growth. While the AIIB is still in the founding process, in June 2014, China proposed increasing the bank's registered capital to US$ 100 billion, doubling the original amount of US$ 50 billion.
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Sydney Morning HeraldChina banking crisis 'almost certain'Sydney Morning HeraldChina's financial system is "almost certain" to face a full blown banking crisis according to a senior international economist. Gabriel Stein, of economic consulting firm Oxford Economics, told a Sydney audience on Tuesday that Chinese authorities were ...and more »
Market Activity, Strategic Agreement Expansion, and Upcoming Events ...PR Newswire (press release)Today, Analysts Review released its research reports regarding China Finance Online Co., Ltd. (NASDAQ: JRJC), Palo Alto Networks, Inc. (NYSE: PANW), TIM Participacoes S.A. (NYSE: TSU), Dominion Resources, Inc. (NYSE: D) and NRG Energy, Inc.and more »
Bidness EtcWhy China Finance Online (JRJC) Stock Hit a One-Year High TodayTheStreet.comThe company announced Monday it had debuted China's first independent web-based securities trading platform called "Zhengquantong" or "Securities Master." China Finance Online launched the platform on its financial portals www.jrj.com and ...Here's Why China Finance Online Has Skyrocketed 500% Since Last YearBidness EtcChina Finance Online: Shares Soar On Over-Hyped Deal, More Questions Than ...Seeking Alpha (registration)China Finance Online Co. Limited (NASDAQ:JRJC) In Anticipation Of TriplingFinancialsTrendWKRB News -Markets Emerging -sleekmoneyall 46 news articles »
China Finance Online (JRJC) Showing Signs Of A Dead Cat Bounce TodayTheStreet.comTrade-Ideas LLC identified China Finance Online ( JRJC) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified China Finance Online as such a stock due to the ...China Finance Online: This Did Not End Well Last TimeSeeking Alpha (registration)Morning Watch List - China Finance Online Co.(JRJC), Mitsubishi UFJ Financial ...Techsonian (press release)all 3 news articles »
Why China Finance Online (JRJC) Stock Is Surging TodayTheStreet.com"We rate CHINA FINANCE ONLINE CO -ADR (JRJC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative ...Sector Update: Robust Gains for Financial Shares Today; China Finance Online ...NASDAQChina Finance Online Launches China's First Integrated, Web-Based Securities ...MarketWatchChina Finance Online (JRJC) Launches Web-Based Trading PlatformStreetInsider.com (subscription)all 11 news articles »
- Foreign Automakers Gain Market Share in China - Editor, Wednesday 13 August 2014
- China and Cuba Discuss Trade and Investment - Editor, Wednesday 23 July 2014
- Swiss-China FTA Set to Increase Trade - Editor, Wednesday 9 July 2014
- China Aims For AIIB Founding By Year-End - Editor, Wednesday 25 June 2014
- New Texas-China Air Travel Routes Likely to Boost Trade - Editor, Wednesday 11 June 2014
- CIFTIS: Promoting Trade in Services in China - Editor, Wednesday 28 May 2014
- US Agricultural Trade Mission to Northeast China - Editor, Wednesday 14 May 2014
A recent report revealed that domestic automakers in China are losing market share to foreign automakers at a steady rate that appears set to continue as multinational corporations set up manufacturing plants in China. With an increasing number of China's citizens gaining wealth, new car sales are soaring, and more affluent consumers are choosing global brands which are seen as being safer, more reliable and more luxurious than locally produced vehicles. Moreover, restrictions on the number of license plates issued each year in Shanghai, Beijing and Guangzhou has made choosing a car an important decision, and buyers appear to be prepared to spend more on a car when they receive their much sought-after, and often long-awaited, license plates.
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As the last stop on his four-country Latin American tour, Chinese President Xi Jinping met with Cuban President Raúl Castro to discuss, among other things, increasing bilateral trade and investment. President Xi was greeted with military honors at Cuba's Palace of the Revolution, the venue for talks between the two leaders. As the only single-party communist state in the Americas, Cuba started opening up its economy in 2008 with limited success, but observers note that Cuba appears to be following in China's footsteps with regard to economic and trade reforms, which lays a foundation for increased cooperation between the two countries.
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The Free Trade Agreement signed by Swiss Federal Councilor Johann Schneider-Ammann and Chinese Minister of Commerce Gao Hucheng on July 6, 2013, came into effect on July 8, 2014, making Switzerland the first mainland European country to enter into such an agreement with China. The deal came about as a result of two years of negotiations between Bern and Beijing and is designed to cut through excessive red tape and regulate import and export tariffs, with a view to, among other factors, Switzerland gaining access to the sizable Chinese consumer market and China gaining the benefit of Swiss technological innovations.
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