China Economic ReviewCisco Systems, the world's biggest maker of computer networking equipment, will increase its production in the Mainland to 40% of its total output by 2006, The Standard of Hong Kong reported Friday, quoting its China president, Duh Jaibin. The move will increase profit margins worldwide and cut costs. Manufacturing in China accounts for 22% to […]
US Fed Chairman Alan Greenspan and Treasury Secretary John Snow on Thursday warned Congress against imposing major tariff hikes on Chinese imports in order to pressure Beijing to revalue the renminbi, the Asian Wall Street Journal reported. Both men, citing proposed punitive legislation, said that increasing tariffs would not solve the problem of the US […]
Chinese industry roared along during the first five months of the year, earning profits of US$59.9bn, an increase of 15.8% over the same period last year, according to state media quoting the National Bureau of Statistics. The rate somewhat exceeded the 15.6% rate during the first four months of the year. One economist said lower […]
China wants the textile talks with the US to be resolved through bilateral negotiations but cannot rule out the possibility of taking the clash to the dispute settlement body of the World Trade Organization, state media reported, citing Zhao Hong, assistant representative of the trade negotiations office under the Ministry of Commerce. She said China […]
In a move aimed at easing trade tensions with the US and smoothing the way for talks, China has issued rules to limit textile exports through a quota system, the Asian Wall Street Journal reported, citing the ministry of commerce's website and textile export officials. China recently defused a dispute with the EU by agreeing […]