This Blog is also available as an RSS Feed

• 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.

• Philippines-China Trade Shows Impressive Growth - Editor, 21 December 2011

Despite weaknesses in the global economy, a recent report has revealed that bilateral trade between China and the Philippines has grown by 32 percent for the period of January to October 2011. The General Administration of Customs (GAC) recently released a report confirming that total trade between China and the Philippines for the period under review was US$26 billion. Currently China is the third largest trading partner of the Philippines, and the Philippine embassy in Beijing described the growth in trade as an indication of the strength of current trading ties between the two countries, as well as an indication of potential growth in the future.

• 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.

• China Likely to be Second Wealthiest Country by 2016 - Editor, 21 October 2011

In its recent Global Wealth Report, Credit Suisse AG recently revealed that at the rate China's economy is expanding it is expected to become the world's second wealthiest country by 2016, with a forecast fortune totaling as much as US$39 trillion. The United States is expected to retain its top spot, while Japan is likely to be relegated to third place in the global wealth stakes. China has already passed Japan as the second largest economy in the world, but within five years it is expected to surpass its level of wealth as well. The fourth wealthiest country is France.

• China-Arab States Economic and Trade Forum - Editor, 23 September 2011

The 2nd China-Arab States Economic and Trade Forum and 2011 China (Ningxia) Investment and Trade Fair opened on Wednesday, 21 September, in the city of Yinchuan, China. The forum and trade fair was created to increase cooperation between China and the Arab States, focusing on the science and technology, tourism, agriculture, finance, publishing, and energy sectors. Jia Qinglin, co-chairman of the National Committee of the Chinese People's Political Consultative Conference, began the proceedings at the opening ceremony of the five-day forum, which was also attended by Mohamed Ould Abdel Aziz, President of Mauritania.

• China-Eurasia Expo – Promoting Cross-Border Trade - Editor, 2 September 2011

With the Xinjiang Province of China covering almost one-sixth of the country's landmass and sharing borders with Russia, Pakistan and Kazakhstan, it is set to serve a key position in China's plans to engage in trade and infrastructure projects with Eurasia. This was revealed by Vice-Premier Li Keqiang on Thursday during his speech at the opening of the first China-Eurasia Expo in Urumqi, the capital city of the Xinjiang Province. He noted that the goal of Chinese authorities is to fully support Xinjiang’s role as it becomes both a window to, and a pillar for, China's opening-up policies.

• Rare Earth Mineral Supply Dominated by China - Editor, 20 may 2011

Securing its position as the largest supplier of rare earth minerals in the world, China has raised taxes on these products which are essential to high-tech industries. Authorities have also put a ban on new projects which use separation techniques to extract these sought-after metals from crude ores, and China's State Council made it known that increasing production capacity on current projects will be prohibited. These new measures put China in a position to control the supply of the seventeen rare earth minerals used in the manufacture of electronics for innumerable items, from iPods to missiles. It is estimated that China produces more than 95% of the world’s rare earth mineral requirements.

1 2 3 4 5 6 7 8 9 >