Shenzhen exports had a 10 percent increase compared to April of last year, exceeding US$ 23 billion which the highest monthly total for 2014. Although city imports in April was at US$ 15 billion or 3.6 percent lesser compared to March imports which showed a monthly high of US$ 16 billion. In April the city’s [...]
Chinese exports have jumped 48 percent for the month of February compared to a year earlier. The jump is considered as the strongest in almost five years which beat the market expectations, while imports is slowly slipping down 20 percent. These produce a record trade slump of more than US$60 billion for the month. Compared [...]
Qianhai free trade zone is planning to introduce parallel imports of cars this year after Shanghai allowed selected auto dealers to register in the free trade zone to sell or import vehicles without the need or consent of foreign automakers. Prices of the parallel import vehicles will be 15 to 20 percent lower than regular [...]
Export orders in Taiwan hit a record level in 2014 and the momentum could even push forward this year as a strong demand is seen for Apple’s iPhone 6 along with other consumer gadgets. Although demand in the Chinese mainland the biggest trade partner remains uncertain since its economic growth is at its cool down [...]
Volvo is planning to export a Chinese made midsized sedan this year to the U.S. and has started to weigh in the possibility of building a factory in the U.S. as well. these moves is said to be significant for the auto industry and Volvo’s parent Zhejiang Geely Holdings Group so far has chosen not [...]
Suppliers in China are cautiously optimistic about July to December 2012 export revenue in view of the economic uncertainties in traditional export destinations and rising production costs. The former is pushing an increasing number of makers to pursue growth opportunities in emerging markets. Nearly 60 percent of the 506 respondents to a survey conducted by [...]
A declaration of intent to do a landmark free trade deal was signed both by China and Australia in a deal that is more than a decade in the making. This will open up the market that is said to be worth billions to Australia and will loosen up restrictions on Chinese investments. the deal [...]
Last Thursday the country released detailed measures that will support imports of high tech equipments, consumer goods and resource products as part of the efforts that country is taking to support the cooling of the economy. Furthermore the government will be encouraging banks to expand credit support for all imports of high tech equipment and [...]
Foreign wine in China no longer makes the headlines. The spotlight is now on much larger trends: foreign wine has been pouring into China, growing sevenfold over the last six years and increasing to 19 percent of the total domestic market. As a result, almost one out of five bottles opened in China is now [...]
More Banks Given LicensesThe government is now allowing three more banks which include a foreign lender to import gold. The report came from sources that have details on the matter as the world’s number one gold buyer is gearing itself for its strongest effort in gaining pricing power of the precious metal. These will bring [...]
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