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• China-India Trade Ties Strengthened - Editor, 22 may 2013

With trade amounting to $66 billion in 2012, China is currently one of India's largest trading partners, and trade talks this week between China's Premier Li Keqiang and India's Prime Minister Manmohan Singh included strategies to push that figure up to $100 billion per annum by 2015. Agreements were reached for bilateral cooperation on large-scale projects, as well as for establishing an economic corridor between China, India (both members of BRICS), Myanmar and Bangladesh.

• Capital Gains Tax Impacts China's Housing Market - Editor, 13 March 2013

In response to a new rule allowing China's government to implement a 20% capital gains tax on housing sales, investors who have gone the route of buying and selling homes for profit are rushing to sell their additional homes before the tax comes into effect – however, it's unclear when the ruling will be effective. The measures, which include a property tax implemented in Shanghai last year, is seen by analysts as an attempt by authorities to counter a housing bubble, and note that the new government regulations will have a marked impact of supply and demand in the home market.

• Beijing Hosts New Annual Trade In Service Fair - Editor, 23 may 2012

Set to take place from May 28 through to June 1, 2012, at Beijing's China National Convention Center under the theme of Trade in Services: New Vision, New Opportunity and New Development, the China (Beijing) International Fair For Trade In Services (CIFTIS) is the first of what will become an annual event aimed at developing the service trade as an important sector of the country's economy. As the host city for CIFTIS, Beijing plans to lead by example in efforts to achieve China's goal, and is looking to increase its current strength in service trade from 75 to 78 percent by 2015.

• China, US and Win-win Cooperation - Editor, 11 April 2012

At a recent forum in Beijing, China's Assistant Foreign Minister Le Yucheng noted that the United States and China have the responsibility, as well as the ability and wisdom, to forge a relationship characterized by sound interaction and what he termed as "win-win cooperation". Acknowledging the ongoing difficulties between the two countries, Le Yucheng said that "like it or not" this new type of relationship needs to be established between the major economies. Referring to a "networked world of myriad challenges" the Assistant Foreign Minister stressed that cooperation is not a choice, it is the choice that Washington needs to make in its efforts to reconcile with China's rise as an economic power.

• 2011 Shows China Trade Increase with Pakistan, India, Iran and North Korea - Editor, 1 February 2012

Recently released trade figures for 2011 have revealed a significant increase in trade between China and Pakistan, India, Iran and North Korea. Bilateral trade between Pakistan and China reached US$10.6 billion in 2011, being an overall growth of 22 percent when compared to the 2010 figure of US$8.7 billion. Imports from, and exports to, Pakistan increased by roughly the same percentage, and Pakistan's Ambassador to China, Masood Khan, expressed his satisfaction with the figures, noting that the goal of reaching US$15 billion in bilateral trade within two to three years may be reached earlier than expected. He urged that this should not make Pakistan businesses complacent, and that they should take every opportunity to increase exports to China. Beijing and Pakistan have Free Trade Agreements on services goods and investments and have met twice in the past three years to discuss strategies for boosting trade between the two countries.

• China to Upgrade CNAPS for Cross-Border Trade - Editor, 4 January 2012

In its ongoing efforts to promote the use of the Chinese yuan as a cross-border trading currency, the People's Bank of China has revealed that it is in the process of upgrading its National Advanced Payment System, commonly referred to as CNAPS. Currently automated cross-border payments take place using major international currencies, primarily US dollars, with payments in yuan requiring a level of human intervention which increases transaction fees. In order for the yuan to be used efficiently as an international trade currency, processing fees need to be reduced and document flow needs to be streamlined.

• UAE-China Trade Ties Strengthened at 10th CCFS - Editor, 7 December 2011

Taking place on 5-8 December 2011, the 10th Chinese Commodities Fair Sharjah aims to strengthen trading ties between the United Arab Emirates (UAE) and the Peoples' Republic of China. With non-oil trade between the UAE and China amounting to US$12.5 billion in 2010, being an increase of nine percent over the previous year, it is expected that the increase of 2011 over 2010 will exceed that figure. Recent data has revealed that bilateral trade for the first quarter of 2011 had already grown by 9.5 percent compared with the first quarter of 2010. Products and services included in the statistics are financial services, tourism, halal food products, energy and construction. Bilateral trade to be developed between the two parties includes the gas and water industries, as well as various manufacturing sectors.

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