China’s exports have begun to feel the effect of the September 11 attacks on the US and the impact will be more obvious in the first half of 2002, said the Minister of Foreign Trade and Economic Co-operation. Speaking at the World Economic Forum meeting in Hong Kong, Shi Guangsheng predicted that China’s export volume […]
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Exports to US fall in October
China’s exports to the US rose by 4.3 per cent year-on-year in the first 10 month of 2001 to US$45.18bn, People’s Daily said. However, growth was faster in the earlier part of the year and exports in October were only US$4.87bn, US$380m less than in September. The US was China’s largest foreign market in 2000, […]
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China's shrinking trade volume
China’s exports in October totalled US$22.79bn, 0.1 per cent higher than in the same month of 2000, Xinhua reported. Imports totalled US$18.9bn, a year-on-year decrease of 0.2 per cent, giving a trade surplus of US$3.89bn, 0.26 per cent higher than in October 2000. In the first 10 months of 2001, exports rose by 6.1 per […]
Two out of three state-owned firms posted inaccurate financial statements in 2000, said the Auditor General, Li Jinhua. A survey of 1,290 state-controlled firms found serious accounting problems at 68 per cent of them. Li said that some listed companies collaborated with brokerages to make up profits and manipulate share prices, and the problem was […]
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Programme for opening announced
The China Insurance Regulatory Commission has announced the timetable for lifting geographic restrictions on foreign insurance companies’ operations after China joins the World Trade Organisation. Foreign life and non-life firms will be allowed to provide services in Shanghai, Guangzhou, Dalian, Shenzhen and Foshan as soon as China joins and the number will be progressively enlarged […]