China Economic ReviewA survey by Nihon Keizai Shimbun of 99 major Japanese companies found strong confidence in the China market. The poll found that 24 per cent of respondents thought China had more appeal than Japan as both a production base and a consumer market, while 31 per cent just thought it was a superior production base. […]
Shanghai Haixin (Group) is paying US$25m to purchase fabric plants and trademarks from Glenoit, a US maker of homefurnishing fabrics, Bloomberg reported. The assets include plush fabric factories in North Carolina and Ontario. Haixin said that the purchase would increase its annual fluffy fabric output by one-third. Already the biggest plush-toy maker in China, it […]
China International Trust and Investment Corp (Citic) is to pay US$200m for 35 per cent of Fletcher Challenge Forests, the second largest forest owner in New Zealand, Shanghai Daily said. The purchase is being made through South East Asia Wood Industries Holdings, which is 40 per cent owned by Citic. Citic Group Executive Director Mi […]
The Ministry of Health has announced that rules requiring safety permits for genetically modified products would take effect at the beginning of June, Associated Press reported. This appeared to contradict earlier assurances that the rules would be phased in gradually to avoid disrupting trade. Industry sources said that the ministry had previously promised to give […]
China's foreign trade minister, Shi Guangsheng, urged the EU to remove trade barriers that discriminate against Chinese exports, China Daily said. By the end of June this year, the EU had brought a total of 91 antidumping cases against Chinese products, while import restrictions were imposed on Chinese goods such as textiles, garlic and canned […]