A report by the US Chamber of Commerce assessing China's record in honouring its World Trade Organisation commitments accused Beijing of using delaying tactics to avoid opening its agricultural sector, Reuters reported. The report also criticised China for its continued use of agricultural export subsidies, which it had undertaken to end, and for its clumsy […]
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Li Peng wraps up SE Asia visit
Li Peng, chairman of the National People's Congress, made a visit to Australia in September, underlining the growing trades ties between the two countries, South China Morning Post said. The visit celebrated the 30th anniversary of the establishment of diplomatic relations between Australia and the PRC, and came a few weeks after the signing of […]
Trade between the mainland and Taiwan rose by 33 per cent year-on-year in the first seven months of 2002 to US$23.5bn, China Daily said, reporting Ministry of Foreign Trade and Economic Co-operation figures. The total for the year is forecast to reach US$40bn, up from US$32.3bn in 2001. According to the ministry, the mainland is […]
A delegation of officials from the North Korean central bank is in China studying commercial banking reform, according to the Financial Times. They arrived in August for three months of on-the-job training in China's big four state-owned commercial banks, learning how to operate a commercial banking system. Their host, the People's Bank of China, denied […]
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Spinach row could harm Japan trade
A Chinese foreign trade ministry official said that Japan's strict new inspection rules for imports of frozen spinach from China were seriously impairing the development of bilateral trade, Reuters reported. The ministry claims that frozen spinach exports to Japan had fallen from 900 tonnes a week in the first half of the year to zero […]