China Economic ReviewChina’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 […]
China's National Statistics Bureau (NSB) said that consumer prices in October grew at their fastest annual rate in six years. China's consumer price index (CPI) grew by 1.8 percent year-on-year in October. The Chinese CPI rose 0.8 percent in the first ten months of the year, and 1.1 percent in September. The NSB attributed most […]
The Bush administration opposes proposed bills in the US Congress that would impose a 27.5 percent tariff on Chinese goods and repeal permanent normal trade relations with China, US ambassador to China Clark Randt said. China has been the fastest growing export market for the US in the last two years. In 2002, China was […]