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  1. International trade a difficult balancing act

    Posted Oct 16th 2009, 12:00am by Staff Reporter

    ... The debate over trade imbalances has generated much controversy. The leaders of the G20 group of nations promised at a summit in Pittsburg last month to rebalance the world economy. Yet, beyond a vague profession of solidarity, what this means in terms of policy co-ordination is anybody's guess. Trade imbalances have been cited as an underlying cause of the global financial ...

  2. Brazil and China need to get real about international trade

    Posted May 21st 2009, 12:00am by Tom Holland

    ... with Tom Holland Visiting Beijing this week, Brazilian President Luiz Inacio Lula da Silva suggested that Brazil and China should stop using the US dollar to settle their bilateral trade. 'Between Brazil and China, we need to establish a trade that is paid for in our own currencies. We don't need dollars,' Mr Lula da Silva told Caijing magazine. 'It's crazy ...

  3. Differences remain over yuan-dollar rate

    Posted Nov 18th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing President Hu Jintao urged the United States to oppose trade protectionism, and his counterpart, Barack Obama, at their summit yesterday nudged China to allow the yuan to appreciate. The two also agreed to work to ease trade and economic friction between the two giants, though differences on the thorny currency issue remained unresolved. In a briefing after the summit, ...

  4. Patents set to take off on mainland

    Posted Oct 06th 2009, 12:00am by Staff Reporter

    ... the World Intellectual Property Organisation (Wipo), international patent filings made by inventors and companies from China last year grew 11.9 per cent year on year to 6,089, the second-fastest ... patent protection worldwide. Mainland CPA Global client Huawei Technologies last year became the first Chinese company to top the list of Wipo's international patent filing applicants. ...

  5. Trade surplus falls as export slump accelerates

    Posted Mar 09th 2009, 12:00am by Staff Reporter

    ... Woods Lee and Adam Chen in Beijing China's trade surplus plunged last month as a result of the country's accelerating slump in exports relative to imports. A source close to the Ministry of Commerce told the South China Morning Post exports and imports had both dropped last month by more than 20 per cent year on year, resulting in a trade surplus of about US$7 billion, ...

  6. Foreign debt quota for banks up 12pc

    Posted Mar 28th 2009, 12:00am by Staff Reporter

    ... Maria Chan Beijing is setting the short-term foreign debt quota for banks this year 12per cent higher than last year, to boost the country's trade finance business, the State ... the quota for foreign banks incorporated locally and some other foreign lenders is US$14.57 billion. Trade finance refers to banking services related to financing the trade between companies ...

  7. Protectionism and discord bode ill for G20

    Posted Mar 30th 2009, 12:00am by Michael Pettis

    ... nationalism, especially in Europe, made the participants even more intransigent. The conference ended with little more than pious platitudes, followed by a subsequent further breakdown in international trade and an intensifying of the economic crisis. It is hard to expect much better from this week's G20 meeting, also to be held coincidentally in London. Again, rising nationalism ...

  8. Letters

    Posted Jun 12th 2009, 12:00am by Staff Reporter

    ... the theory that for a currency to become a foreign reserve the issuing country must be running trade deficits. Ching prescribed that 'China should understand that [to make the yuan a reserve currency], it must be willing to suffer extensive trade deficits' and that 'it must also realise that there is a huge price tag attached'. In the seminal text, International Economics, ...

  9. Beijing hits out at US duty on steel pipes

    Posted Sep 11th 2009, 12:00am by Denise Tsang

    ... of steel pipe. A final decision on the size of the countervailing duties is due by November 23. It also requires final approval from the US International Trade Commission in early January. Trade ... Denise Tsang Beijing has rebuked Washington for slapping a duty of as much as 30.69 per cent on Chinese-made steel pipe used to transport oil, putting Sino-US trade relations to a new ...

  10. Beijing to slash import duties on 600 products

    Posted Dec 16th 2009, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Beijing will slash import tariffs on more than 600 products including coal and high-powered engines next year, a move in line with its commitments to the World Trade ... promised to gradually lower import tariffs. China was officially admitted to the global trade organisation in December 2001. At the time, government and industry officials feared a lower import ...




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