Category: Economics & Trade

The Asia-Pacific Economic Co-operation talks, taking in views of 21 Pacific Rim economies, will focus on liberalizing world trade, combating bird flu and coordinating anti-terrorism efforts. Few expect a breakthrough on trade after deadlocks occurred in separate negotiations. The US and South Korea agreed to work towards replacing the armistice that ended the Korean War […]

China's is likely to top 9% GDP growth for the 10th consecutive quarter, said a senior official at the National Bureau of Statistics, Reuters reported. "Economic growth in the fourth quarter will continue the strong momentum shown since the start of this year," the official said. Fixed-asset investment is expected to grow 26% in the […]

South Korea granted China market economy status Wednesday, a move that would provide China greater shelter from anti-dumping duties. Korean president Roh Moo-hyun made the announcement during Hu state visit to Seoul, his first since taking office as China's president. The two countries were enemies until the early 1990s after China fought on the side […]

China's urban fixed-asset investment grew 27.2% in October from a year earlier, slower than the expected 29.3% rise and down from September's 29.4% gain, The Wall Street Journal reported. The pace of investment growth remains below the levels of nearly 50% in late 2003 and into 2004, but analysts said Beijing will likely remain on […]

The hardline US Senate bill threatening China with an 27.5% all-import tariff unless the renminbi is revalued, has been delayed until no later than March 31, Reuters reported. Senator Charles Schumer, the bill's chief sponsor, said the Senate would not move on the legislation during President George W Bush's visit to China in hopes that […]