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Tag Archives: China

China, Hong Kong stocks fall, policy tightening unnerves

stock exchange

SHANGHAI: China stocks eased on Friday morning, with investors unnerved after Beijing unexpectedly raised short-term interest rates on the first trading day after the Lunar New Year holiday. The bearish sentiment spread to Hong Kong, where the market was poised for its fourth session of losses and investors awaited a key U.S. monthly jobs report that would set the tone ... Read More »

China, Switzerland sign AEO agreement

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BEIJING: China and Switzerland have signed a customs agreement on mutual authorized economic operator (AEO) status, a move that will further boost bilateral trade and economic cooperation, the country’s top customs authority said on Saturday. Chinese companies that obtain the AEO status will enjoy the same simplified customs procedures as native Swiss companies when their products enter Switzerland, the General ... Read More »

China, Switzerland sign AEO agreement

sign

BEIJING: China and Switzerland have signed a customs agreement on mutual authorized economic operator (AEO) status, a move that will further boost bilateral trade and economic cooperation, the country’s top customs authority said on Saturday. Chinese companies that obtain the AEO status will enjoy the same simplified customs procedures as native Swiss companies when their products enter Switzerland, the General ... Read More »

China, New Zealand sign-off on organics deal

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WELLINGTON: Organic producers and exporters in New Zealand and China are set to benefit under a new bilateral agreement. The Mutual Recognition Arrangement for Certified Organic Products was signed by the two countries in China late last month. New Zealand exports of organic produce to China are currently valued at NZ$27m per annum, with this figure tipped to rise thanks ... Read More »

China, New Zealand agree on mutual recognition of organic food certification

bilateral trade

BEIJING: China and New Zealand inked an agreement on Monday to mutually recognize organic food with official certification labels to facilitate organic food development and trade. China’s Certification and Accreditation Administration and New Zealand’s Ministry of Primary Industries agreed to mutually recognize each other’s certifications for organic food imports. This is the first mutual recognition agreement for organic food certification ... Read More »

Accolade Wines to kick off non-deal roadshow in Hong Kong, China

accolade wines

HONG KONG: Chinese strategic investors are being courted to take a cornerstone stake in the country’s second-largest wine company Accolade Wines ahead of its looming $1 billion-plus initial public offering. Accolade’s advisers and executives reckon they are a good bet given how enamoured China’s elite are becoming with the booming sales of Treasury Wine Estates and its big brands Penfolds ... Read More »

India’s engineering exports to Lanka, China, UAE nosedive

importexports

NEW DELHI: India’s engineering shipments to key markets like Sri Lanka, UAE and China plummeted in April amid a 19 per cent decline in the sector which slipped in terms of its contribution to the country’s overall export basket, according to industry body EEPC India. The engineering exporters’ body said country’s engineering exports to Sri Lanka witnessed a degrowth of ... Read More »

China, Japan growth to slow sharply in 2016

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TOKYO: China and Japan’s economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said today. Government stimulus measures, lower commodity prices and low unemployment will help drive regional expansion, the International Monetary Fund said, and called on leaders to push ... Read More »

China, South Africa firms sign $930m in deals ahead of Xi trip

agreementasigns

SHANGHAI: Companies from China and South Africa have signed 23 deals worth $930 million ahead of a visit to South Africa by Chinese President Xi Jinping next week, China’s state news agency Xinhua reported. The agreements were in sectors including steel, energy, pharmaceuticals, fruit, wine and textiles. They involved Sinosteel Corp, Sinochem Group, China Chengtong and 15 other Chinese firms, ... Read More »

Vietnam, China strengthen infrastructure collaboration

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HANOI:  Viet Nam and China held the first ministerial-level session of the working group on land infrastructure co-operation in Beijing yesterday to seek more practical and effective co-operation mechanisms in the field. Minister of Planning and Investment Bui Quang Vinh, head of the Vietnamese delegation, and Vice Chairman of the National Development and Reform Commission, head of the Chinese delegation, ... Read More »

Zimbabwe, China set to sign agreements facilitating implementation of 8 projects

china zim

HARARE: Zimbabwe and China are this week set to sign agreements facilitating implementation of eight projects agreed upon by the two countries during last month’s visit to Beijing by Vice President Emmerson Mnangagwa, state radio reported Tuesday. Quoting Chief Secretary to the President and Cabinet Misheck Sibanda, the Zimbabwe Broadcasting Corporation said Zimbabwe would on Friday sign for the implementation ... Read More »

China business confidence sinks to six-year low to 48.8 in July

BUSINESS CONFIDANCE

BEIJING: Business confidence on the mainland has slumped to its lowest level in more than six years, an indication of the toll the recent stock market rout has taken on the world’s second-biggest economy despite better-than-expected economic growth. The MNI China Business Sentiment gauge of current business conditions sank to 48.8 this month from 53.3 in June, MNI Indicators, which ... Read More »

Nepal, China set to identify projects to be developed under reconstruction efforts

nepal china

KATHMANDU: Nepal and China are all set to identify projects to be developed under the country’s reconstruction efforts, particularly in the northern part. Assistant Commerce Minister of China Zhang Xiangchen arrived in the Capital on Tuesday to discuss Chinese assistance in Nepal’s reconstruction, and bilateral trade promotion and facilitation. According to government officials, Chinese succour will mainly be used in ... Read More »

China auto sales fall 4.55% to 1.9m units in May

zim trade deficit

BEIJING: China’s automobile market contracted in May as sales declined for the second-consecutive month by 4.55 percent month on month to 1.9 million units, data showed here the other day. On a yearly basis, sales volume also edged down 0.4 percent, according to the China Association of Automobile Manufacturers. Auto output stood at 1.96 million in May, down 5.56 percent ... Read More »

China Shipping charters Diana bulk carrier for 10 to 14 months

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ATHENS: Hong Kong-based China Shipping Bulk Carrier Co has timechartered one of Diana Shipping’s panamax bulk carriers for 10 to 14 months. The Calipso (73,691 dwt, built 2005) was fixed at $6,000 per day, minus 5% commission for third parties. The charter starts tomorrow. Diana expects the contract to generate around $1.8m in revenue for the minimum period of the ... Read More »

China Shipping charters Diana bulk carrier for 10 to 14 months

ship2

ATHENS: Hong Kong-based China Shipping Bulk Carrier Co has timechartered one of Diana Shipping’s panamax bulk carriers for 10 to 14 months. The Calipso (73,691 dwt, built 2005) was fixed at $6,000 per day, minus 5% commission for third parties. The charter starts tomorrow. Diana expects the contract to generate around $1.8m in revenue for the minimum period of the ... Read More »

China, Japan battle for US bullet train contract

chinabullettrain

SAN FRANCISCO: US rail passengers could be soon benefit from one of the world’s greatest rivalries, as China and Japan battle for the contract to build America’s first bullet train. Japanese Prime Minister Shinzo Abe has brought a trade delegation to California in a push to provide Japanese trains but the Chinese premiere is also keen to see his country’s ... Read More »

China’s next target to snap up 67% of Greece Port

pireaus

ATHENS: The Greece government’s control over their major port is about to end. As part of Syriza’s deal last month with the IMF, European Commission and the European Central Bank to repay about €240 billion that Greece borrowed back in 2010, Tsipras is compelled to leave Piraeus Port up for sale. For China, that is excellent news, since its state-run ... Read More »

Vietnam police seize 3 tonnes of live cats smuggled from China

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HANOI: Police in Hanoi saved thousands of cats from potentially becoming barbecue after seizing a truck in Northern Vietnam carrying more than 3 tons of live cats smuggled in from China. While the cats will have to be culled in accordance with local laws, officers on Thursday indicated reservations about saving the cats bound for restaurants, only to have to ... Read More »

Xiaomi 5th anniversary: Introduces new devices, slashes Mi 4 & Mi 4 Lite  price in India, China

xiaomi

NEW DELHI: The Chinese smartphone company Xiaomi celebrated its 5th anniversary on Tuesday. On this auspicious day Xiaomi not only announced new devices but it also has slashed the prices of its existing devices Xiaomi Mi4 and Xiaomi Mi 4 Lite in India and China. The flagship smartphone from 2014, Mi 4 will now be available for Rs18,000 for the ... Read More »