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Features
- Brazil and China Benefit from Successful Negotiations - Editor, 22 April 2011
- G20 Talks in China - Editor, 1 April 2011
- China and Taiwan Build Economic Ties - Editor, 11 March 2011
- Chinese-Funded Trade Center Opens in Russia - Editor, 18 February 2011
- Pak-China Friendship Year Focuses on Youth - Editor, 12 January 2011
- Overseas Service Trade Increase - Editor, 29 October 2010
- Trade Pact for China - Editor, 19 August 2010
Brazil is in desperate need of a boost to its economy, as the communities that earn a minimum wage are not able to improve their lifestyle or find work that would provide them with a greater income. The deals and negotiations between Brazil and China have been successful, but have gained some criticism from other countries that believe their focus should be on reform. A recent visit by President Dilma Rousseff of Brazil to China has sealed negotiations on deals that are worth more than $30 million.
On Thursday, G20 talks were held in Nanjing, in China, to discuss the global monetary system and the challenges faced. The focus of the meeting aimed at encouraging China to mobilize the internationalization of the yuan, as many feel that with the yuan being extremely undervalued, an unfair advantage is given to exporters in regard to trade. Numerous trading partners have indicated that they believe that the yuan is one of the major causes of the imbalances experienced in the global economy.
Forging a suitable economic relationship between China and Taiwan is not a clear cut situation and progress is extremely slow. Taiwan is beginning to open its economy to China at a snail's pace. In an interview with Ma Ying-jeou, ROC President, the reasons for the sluggish progress were discussed, which included that Taiwan was not willing to negotiate on their objectives and current cross-strait economic development, and commented that he had weighed up both the positive and negative risks that entering the economy of China might bring.
Speaking at a press conference in Moscow this week, the chairperson of the Chinese Chamber of Commerce in Russia, Cai Guiru, announced that the Greenwood International Trade Center was open for business. The new center, which has been financed by China Chengtong Development Group, is around 70 percent complete, with the remaining 30 percent of the 132,600 square meters of construction expected to be finished in three months, whereupon the Greenwood International Trade Center will be fully operational. It was reported that already 28 Russian enterprises have entered into contracts for space in the center. As the largest single Chinese-funded investment project in Russia, the trade center will serve as a platform for introducing Chinese products into the Russian market, while at the same time building the brand image of products with the "Made in China" label.
During a recent visit to Pakistan, Chinese Premier Wen Jiabao, with the approval of Pakistani authorities, declared 2011 to be ‘Pak-China Friendship Year’, with a number of projects and events planned to take place throughout the year and with particular emphasis on the role that the younger generation of the two countries can play in forging lasting beneficial business, social and cultural ties. The Chinese Spring Festival on January 27-31 provides the perfect opportunity to introduce Pak-China Friendship Year, and will feature a special business forum, as well as a nation-wide writing competition for school and college students in which they can express their views on this innovative project.
China's overseas trade has been developing and growing steadily every year, and now a spokesman for the Service and Trade Department of the Ministry of Commerce has announced that it is estimated that the overseas foreign trade will once again rise. The estimated rise in service trade this year was twenty percent, which has led to overseas service trade hitting the US$300 billion mark. But where there is a rise, there is sometimes a fall in a different sector, and economists are predicting a fall in trade surplus.
The civil war ended in the year 1949, and since then both China and Taiwan have been ruled separately. For just over sixty years, these two countries have been at what can best be described as a stand-off, as they once were great enemies. Now, as new governments and ruling parties are trying to mend bridges, a trade pact has come to the forefront that has raised different opinions and concerns on both sides. But it is felt that the trade agreement will benefit Taiwan and China, and bring a new frontier to the economy of both countries.
Recent Articles
- China and Taiwan Continue to Strengthen Trading Ties - Editor, Wednesday 18 January 2012
- China to Upgrade CNAPS for Cross-Border Trade - Editor, Wednesday 4 January 2012
- Philippines-China Trade Shows Impressive Growth - Editor, Wednesday 21 December 2011
- UAE-China Trade Ties Strengthened at 10th CCFS - Editor, Wednesday 7 December 2011
- China Reviews Climate Change Policies - Editor, Wednesday 23 November 2011

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