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China to Boost Service Outsourcing Sector

Nov 26, 2014

China will boost service outsourcing industry to forge a new advantage in foreign trade and offset weakening exports, the central government announced on Wednesday. China will bolster outsourcing businesses of high technology and high ...

Tags: outsourcing industry

China's October Pipeline Gas Imports Rise 9% on Year

Nov 25, 2014

China imported 2 million mt of natural gas via pipelines in October, up 8.8% from a year earlier, data released Saturday, November 22, by the country's General Administration of Customs showed. China's customs department reports natural ...

Tags: Pipeline Gas, natural gas

China Logistic Cost Takes 18% Share of GDP

Nov 24, 2014

According to “China Procedurement Development Report”, and China social logistics costs in 2013 is more than 10 trillion yuan, taking 18% of GDP which is two times of 8.5% in America. It is showed that logistic cost is more ...

Tags: social logistics, Transportation

Chinese Appetite for Foreign Currency Expands

Nov 20, 2014

China experienced a third straight month of deficit in foreign exchange transactions as the country's growing appetite for foreign currency expands, according to new data published Tuesday. Chinese banks' forex purchases registered at ...

Tags: Foreign Currency, foreign exchange

Chinese Yuan Weakens to 6.1430 Against USD

Nov 20, 2014

The value of the Chinese currency renminbi, or the yuan, weakened by 21 basis points to 6.1430 against the U.S. dollar in its central parity rate on Tuesday, according to the China Foreign Exchange Trading System. In China's spot foreign ...

Tags: Chinese Yuan, USD

China to Speed up Pricing Reforms

Nov 20, 2014

China's State Council on Saturday pledged to speed up pricing reforms to allow the market to play a bigger role in the process and ease business burdens to invigorate the economy. While giving full consideration to the possible impact on ...

Tags: Pricing Reforms, Business Burdens

China FDI Inflows Rise 1.3% in Oct

Nov 20, 2014

Foreign direct investment (FDI) into the Chinese mainland rose 1.3 percent in October from a year earlier, standing at 8.53 billion U.S. dollars, the Ministry of Commerce (MOC) said on Tuesday. The rate of growth was lower than the 1.9 ...

Tags: FDI, financial sector

Australian Exporters Will Benefit From an Historic Trade Agreement

Nov 19, 2014

Chinese President Xi Jinping. Australian exporters are set to benefit from an historic trade agreement signed between Australia and its largest trading partner, China. This deal, which took nine years of negotiation, represents a victory ...

Tags: PTA, Australian exporters, agriculture

In October, China's Overall Value-Added Industrial Output up 7.7 Percent Year on Year

Nov 17, 2014

In October this year, China's overall value-added industrial output increased by 7.7 percent year on year, as announced by China's National Bureau of Statistics (NBS) on November 13, with this growth rate 0.3 percentage points higher than ...

Tags: Industrial Output, finished steel

Q3 Imports Rise 6.7%, Driven by Strength in Apparel

Nov 16, 2014

The declared value of customs imports increased to $5,168.2 million from $4,843.1 million for the three months ended Sep. 30, led by a 10.7% hike in apparel imports to $1,697.8 million compared to $1,533.8 million in the seasonally most ...

Tags: Sporting Goods, sneakers

Korea Exports to China Were $13.634 Billion, up 3.7%

Nov 13, 2014

The Chinese Ministry of Commerce quoted the report released by Yonhap on Nov.2 as saying, Korea exports to China were $13.634 billion, up 3.7%. The exports keeps growing for 2 months. Intermediate goods leads the exports growth. Computer ...

Tags: Intermediate goods, petrochemical

Chinese Cross Border E-Commerce Will Transform From B2c to B2b in The Near Future

Nov 11, 2014

As a new foreign trade form, cross border e-Commerce has developed rapidly in the recent years. B2B mode of cross border E-Commerce will be even more promising. In the near future, Chinese cross border e-Commerce will transform from B2C to ...

Tags: e-Commerce, B2C, B2B

China's October PPI Down 2.2 Pct

Nov 10, 2014

China's producer price index (PPI), which measures inflation at wholesale level, dropped 2.2 percent year-on-year in October, the National Bureau of Statistics (NBS) said on Monday. On a monthly basis, the PPI index contracted 0.4 percent ...

Tags: PPI, inflation, wholesale level

China's Consumer Price Index Grew 1.6 Percent Year on Year in October

Nov 10, 2014

China's consumer price index, a main gauge of inflation, grew 1.6 percent year on year in October, the National Bureau of Statistics (NBS) said Monday. The growth was the same with that of September, which was the lowest since January ...

Tags: consumer price, CPI, Agriculture

China Spends Less But Imports More Because of Price Slumps in The Global Commodity Market

Nov 10, 2014

Price slumps in the global commodity market continued to allow China to spend less while importing more, helping China save on enormous import bills, latest customs data showed. In the first ten months of this year, China imported 252.6 ...

Tags: commodity market, crude oil