China Economic ReviewChinese electronic appliance company TCL has acquired Germany's only remaining manufacturer of television sets, Schneider, Xinhua reported. The agency gave no details of the deal, but said it was the latest in a series of overseas expansions by Chinese firms. Earlier this year, East Communications became the largest shareholder in US based InterWave communications company […]
China's imports of broiler products fell sharply in the first half of 2002, International Egg and Poultry Review said. Traders reported that they were having problems in obtaining import inspection permits. The restriction, which appeared to be most severe for chicken feet and wingtips where imports are most competitive with domestic products, was attributed by […]
Chinese Customs reported a net tax revenue of Yn26.4bn in September, 24 per cent higher than in the same month of 2001 and the highest ever total for a single month. The improvement followed successful measures taken to tighten supervision and stop smuggling, after tax revenues fell in the first half of the year. Customs […]
China imported US$1.314bn-worth of textile machinery in the first half of 2002, a year-onyear rise of nearly 6 per cent. The biggest increases were recorded by weaving machines, up 43 per cent to US$316m, and knitting machines, up 59 per cent to US$228m. Textile machinery exports climbed 12 per cent to US$142m.
China's foreign trade shows little sign of flagging and by the middle of this year it had replaced Canada as the world's fourth largest trading nation, according to World Trade Organisation statistics. Coming behind the US, the EU and Japan, China's foreign trade is the highest of any developing nation. Its exports of information technology […]