China Economic ReviewThe Bush administration said it would impose new import quotas on Chinese textiles in a move aimed at protecting American jobs, especially in the politically important southern US states, in the run-up to next year’s presidential election. The government announced that the precise import quota would not be known until negotiations were completed with Beijing, […]
Jilin province is expected to see industrial profits rise as high as RMB 15 billion (US$1.81 billion) this year gdp, more than the total for the entire 1990-1999 period, according to the province's statistics bureau. The spectacular profit is a result of the booming auto sector, which is the main contributor to the expected 10 […]
China’s copper smelters are bracing themselves for possible output cuts in 2004 in response to a severe global shortage of copper concentrate, their main raw material. China’s appetite for refined copper is growing rapidly and the country may be forced to increase imports. China’s six largest copper producers – Jiangxi Copper Industry, Yunnan Copper, Tongling […]
China's largest TV maker, Sichuan Changhong Electric, warned its exports would drop 25 percent for 2003, after punitive import tariffs were imposed by the US on TVs made in China. The company said exports were forecast to fall to about RMB 4.97 billion (US$600 million) from RMB 6.46 billion (US$780 million) last year. Changhong blamed […]
Construction began on a railway ferry project that will link the cities of Yantai and Dalian across the Bohai Bay. The line will become a key link between Northeast China’s Liaoning province and Shandong province in the Yangtze River delta region. Total investment in the project will be RMB 2.35 billion (US$284 million), which will […]