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Economics & Trade

Soybean imports to resume

China agreed in March to accept imports of US-grown soybeans while it assesses the safety of the crop under new Chinese rules for genetically-engineered crops. Exports from the US were suspended in February because it was feared that they would not be unloaded in China by the time the new rules came into effect on […]

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Economics & Trade

Pledge to cut back on antibiotics

The Ministry of Agriculture announced that China was working to revise its standards on use of the antibiotic chloramphenicol to bring them into line with EU standards. The antibiotic, which can stop red blood cell protection, was found last year in shrimps exported from China to Europe. In March, German authorities said that the drug […]

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Economics & Trade

Imports of DVD players blocked

The EU imposed a block on imports of Chinese- made DVD players in March by impounding a number of the players, Shanghai Daily News said. The move was in response to complaints by international electronics companies that Chinese manufacturers were failing to pay royalties for technologies used in their machines. The manufacturers are organised into […]

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Economics & Trade

Import licences cancelled

The Ministry of Foreign Trade and Economic Co-operation announced that import licence requirements had been cancelled for 14 of the 26 products for which they were needed last year, International Business Daily said. The cancellation was effective from the start of 2002. The products that no longer need licences include chemical products, cigarettes, colour televisions, […]

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Economics & Trade

Foreign firms among top exporters

Foreign-invested firms in China accounted for 35 of the country’s top 100 exporters in 2001, according to customs figures quoted by South China Morning Post. Finnish telecoms equipment manufacturer Nokia held the top spot among foreign exporters, with a total of US$2.1bn-worth of products from its three Chinese subsidiaries. Motorola held the record for the […]