Coal exports are expected to drop 25% this year because foreign purchasers are delaying orders in hope of a further fall in spot prices, reported state media. A cut in tax rebates contributed to the decline in the first 9 months. Exports may reach 60 million tons less than the government's 80 million ton export […]
Category: Economics & Trade
Benefits for Brazil after permitting China market access have disappointed government assessors, according to Brazilian Foreign Minister Celso Amorim. "We need to evaluate what Brazil has obtained in terms of investments and we don't have that evaluation yet, but our expectations were greater. Investment is coming slowly," he told the Financial Times.
While China welcomed the three-year textile import deal with the US, it lashed out against American "restrictive" actions that damage trade, reported the Hong Kong Standard. "[The US] frequently takes restrictive measures against Chinese textiles products, greatly destabilizing orderly development of trade," said a Ministry of Commerce statement posted on its website. The new deal, […]
A colored-ink drawing depicting 40 parrots in a grove, by 86-year-old artist Wu Guanzhong, was sold through the newly founded Beijing Poly Art Auctions Co for US$3.7 million, a world record for any piece of contemporary Chinese art, state media reported. A Chinese ink drawing of birds by 12th century Emperor Huizong is the previous […]
Textile manufacturers are pleased with the last week's trade accord with the US, according to media reports. China exports of textiles to the US will be limited to 10%-17% a year from January 1 through to 2008 (when all restrictions are lifted under WTO rules), said Sun Huaibin, of the China National Textile and Apparel […]