Officials in Guangdong province said they hoped to start offering travel permits to mainlanders from other parts of the country, said Hong Kong's The Standard. If approved by the central government, the plan is likely to lead to an influx of tourists to Hong Kong and Macau. The cities of Guangzhou, Shenzhen and Zhuhai propose […]
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Copper firms look overseas
China's largest copper producers have formed a new company to tap overseas mines to feed their smelters, China Daily said. The new company, called China Nonferrous Metal International Mining, would either buy stakes in existing overseas mines or directly operate them. A company spokesman said that it was currently seeking to develop copper mines in […]
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EU deal for TV imports
The EU has reached agreement on imports of Chinese-made television sets with seven of the country's largest manufacturers, Reuters reported. Under the agreement, products will be exempted from a 44.6 per cent anti-dumping duty, on condition that the manufacturers accept a limit on the number of sets and that they are sold at an agreed […]
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Garment exports set to recover
China is likely to regain its status as the largest garment supplier to the US by 2010, according to a report cited by Textile Asia. Mexico has been America's biggest clothing supplier since 1997, following the creation of the Nafta free trade area between the US, Mexico and Canada. However, China's accession to the WTO […]
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China Telecom gets licence
China Telecom, the mainland's main fixedline operator, has been granted a licence by the US telecoms authorities to provide telephone and internet data services between the two countries, Business Weekly said. A company spokesman said that the licence would considerably reduce its operating costs for international business and would put it in a better position […]