China's actual foreign direct investment fell 1.9% between January and November over the same period in 2004, the Wall Street Journal reported, though the year-on-year drop was less than the 2.12% figure for January-October. While actual foreign direct investment decreased, totaling US$53.13 billion for the first 11 months of the year, pledged FDI increased 24% […]
Category: Economics & Trade
The US Trade Representative, in his annual report to Congress, said China fell short on transparency in key economic sectors, and in tackling copyright violations under World Trade Organization rules, reported AFP. Assistant US Trade Representative Timothy Stratford told reporters in Hong Kong that China represented the world's second largest PC market yet was only […]
Milling wheat and malting barley imports from Canada will likely fall this year because of a failure to meet China's quality standards, said the Canadian Wheat Board, Reuters reported. China was Canada's biggest importer with 2.2 million tons in 2004. The CWB, the state marketing monopoly, said it was braced for tougher competition from Australia, […]
Categories
RMB edges up on US dollar
China's yuan closed at 8.0751 to the dollar Tuesday, the highest level it has attained since the July revaluation, Reuters reported. The renminbi, or yuan, was revalued by 2.1% on July 21 to 8.11 to the dollar, and has since risen an additional 0.43%, closing at 8.0770 Monday. There was little sign the central bank […]
Categories
China sees bigger role in WTO
Commerce Minister Bo Xilai said China was ready to make a mark in framing global trade rules and expects the Hong Kong World Trade Organization meeting to achieve benefits for developing countries, reported state media. Failure could mean an impasse in global free trade and result in a disastrous revival of protectionism, he said. While […]