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As US Treasury Secretary John Snow and Fed chief Alan Greenspan are travelling to China for meetings with top Chinese officials on October 14, Snow told the Senate Finance Committee yesterday that he would ask China for more currency flexibility. Chinese officials have said China would allow the yuan to appreciate further, but insisted on […]

With Brazil's trade surplus with China being eroded by more than half this year by Chinese imports, Brazilian President Luiz Inacio Lula da Silva has authorized the country's trade ministry to investigate whether Brazilian industries have been damaged by alleged unfair competition from China, The AP reported. Once the investigation is completed, the trade ministry […]

In a US court hearing over whether former Microsoft executive Kai-Fu Lee should be allowed to take a job at Google following his employment at Microsoft, Lee testified that the software giant mismanaged much of its operations in China in recent years, with misguided moves that included threatening and insulting the Chinese government, the Seattle […]

China's Commerce Ministry has predicted a trade surplus of US$90-$100 billion for 2005, with the country's bilateral foreign trade expected to reach US$1.4 trillion, the International Business Daily reported. The ministry's foreign trade department forecast exports in 2005 would rise about 30% over the previous year to total US$750 billion, while imports would rise about […]