The city experienced it first year on year negative growth in foreign trade since October 2009, when the city’s total import and export value dropped to US$26.95 billion last month showing a 19 percent decrease compared to January of last year. City exports declines by 11.7 percent while imports have decreased to more than 29 [...]
The import and export trade in China have been showing a stable and modest growth for the first quarter of 2012, even with the difficult trade conditions that the country is experiencing. Although analyst are assaying that the trade situation for the first quarter will continue in to the second quarter it will still be [...]
An advisory was released by the Shenzhen postal service reminding people to check mailing regulations of destination countries before sending moon cakes to friends and relatives living in other countries that might have certain restrictions on imports. The Postal service said that there are 33 countries that ban importing foods through mail, including France, Germany, [...]
Instead of lower prices to gain advantages in the international markets, local Shenzhen companies are concentrating on innovations instead. Even in a complicated international environment, high tech companies such as ZTE , Huawei, and TP-LINK performed well in foreign markets in the first half of this year. Driven by growing innovative ability, the city’s local [...]
Huawei, one of the Wold’s leading information and communications providers based in Shenzhen is planning to increase their purchases from Taiwanese suppliers. Huawei is said to be buying products worth around 110 billion New Taiwan dollars from their Taiwan suppliers by the end of this year. Last year the company purchased 99.5 NT billion dollars [...]
Chinese energy companies are looking to grab a stake in western Canada’s abundant oil sands to support China’s growing and developing appetite for oil. Despite an increasing awareness of environmental issues and movement towards cleaner forms of energy, reality still dictates that the majority of the world runs on oil. For emerging economies like China [...]
The government has plans to bring down the import duties of diesel and jet fuel to zero and cutting duties of fuel oil from three percent down to one starting in July. This move will boost the imports of these types of fuel as the demand for power goes up in the summer. Analysts say [...]
Toymakers in China are starting to charge more as they are struggling to battle inflation in China as it rises to a three year high of 5.4 percent. The makers of Hasbro’s Barbie dolls and the Transformers brand already raised their prices when Chinese factories passed the costs of materials and labor onto their company. One analyst [...]
From the months of January to April, exports in Shenzhen surged to 46 percent, a great deal faster than China’s total average exports. Shenzhen customs also reported that exports reached US $75 billion. This shows that there is a trade surplus increase to US $21 billion, a margin of 61.2 percent. The total trade volume [...]
Even with Christmas ornaments orders increased by 30 % this year, majority of Shenzhen manufacturers were not happy due to fall in profits. Ornaments manufacturers said several factors contributed to low profits such as increases in material costs, labor and appreciation of the yuan. Even with a 30 percent increase in sales, plus a 20 [...]
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Shenzhen Standard. All Rights Reserved.
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