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  • September 21, 2014
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  1. Scrapping of tariffs unlikely to upset ties with US, EU

    Posted May 31st 2005, 12:00am by Staff Reporter

    ... textile issues, China does not have the power to retaliate because it is mainly a supplier,' he said, adding that differences between China and its two main trading partners should not be exaggerated because textiles were just a part of their trade relations. Professor Jin explained that huge domestic pressure from the textile industry was the key reason behind Beijing's decision ...

  2. Increasing imports point to trade deficit in first three months

    Posted Jan 28th 2011, 12:00am by Denise Tsang

    ... Denise Tsang China may move from a trade surplus to a trade deficit during this quarter as import growth exceeds that of exports, a central government research centre has said. Exports may ... trade frictions, according to a State Information Centre report published in the China Securities Journal yesterday. A trade deficit, however, may ease some tensions with the United States over ...

  3. Trade relations hit by WTO, EU investigations

    Posted Sep 17th 2010, 12:00am by Denise Tsang

    ... Denise Tsang The mainland's trade relations with its two largest export markets are deteriorating after the World Trade Organisation and the European Union both launched ... country by abusing trade measures, disrupting the trade order and European consumer interests,' ministry spokesman Yao Jian said. 'This also goes against deepening Sino-European trade ...

  4. The Christmas fairy tale of the iPhone and the US trade deficit

    Posted Dec 24th 2010, 12:00am by Tom Holland

    ... iPhone sold in America this Christmas, the US trade deficit with China will go up by around US$170. (Actually that figure is based on an iPhone 3G. For each iPhone 4, the US deficit goes up ... to this year's US trade deficit with China, which is on target to hit a record US$270 billion (see the first chart below). That means iPhones alone will account for 1 per cent of the bilateral trade ...

  5. London eyes a slice of offshore yuan trade

    Posted Nov 11th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick London is set to become an offshore yuan trading centre, according to the United Kingdom's Chancellor of the Exchequer. In a speech in Hong Kong yesterday, Chancellor ... allowed Hong Kong to build up a very small renminbi deposit base, currently standing at 150 billion yuan, so banks here can experiment with yuan trading and yuan-denominated investment products. ...

  6. Stronger yuan not about to ease trade tensions

    Posted Sep 16th 2010, 12:00am by Denise Tsang

    ... Denise Tsang The yuan's climb to its highest level since 1994 is not likely to ease tensions between China and its US and European trade partners over the value of the currency. ... to further ratchet up pressure on Beijing, as the currency issue remains a thorny subject in Sino-US trade relations. They expect the yuan to continue to strengthen gradually until the end ...

  7. Brouhaha over trade surplus and weak yuan makes little sense

    Posted Jun 22nd 2010, 12:00am by Jake Van Der Kamp

    ... the story is not exactly what the old line of talk has it to be. China's enormous trade surplus is rather lopsided (see first chart below). In nine of the past 10 years, it was a trade surplus with the United States alone. With the rest of the world, China has consistently run a trade deficit. This is not quite as the figures from Beijing show the picture. They portray a much smaller trade ...

  8. Manufacturers nervous ahead of US yuan report

    Posted Mar 29th 2010, 12:00am by Denise Tsang

    ... last week saw Vice-Minister of Commerce Zhong Shan travel to Washington to lobby US business leaders on the benefits to global trade of a stable yuan exchange rate and the risks of a trade spat between the countries. Earlier, Premier Wen Jiabao said China did not want a currency and trade war, while Minister of Commerce Chen Deming said the yuan exchange rate was not the root cause ...

  9. China hopes to halve trade surplus this year

    Posted Apr 16th 2010, 12:00am by Denise Tsang

    ... Denise Tsang Having slashed its trade surplus by a third last year, China aims to go one better this year and cut it by half- a move likely to reduce friction with the US over trade ... trade balance. Washington accuses Beijing of holding down the yuan's value to favour Chinese exporters and creating a staggering trade surplus, a charge state leaders have denied. ...

  10. Trade figures distort reality, Lamy warns

    Posted Oct 12th 2009, 12:00am by Dennis Eng

    ... Dennis Eng in Geneva How and where goods are made should be better represented in the economic data used by politicians when shaping trade policy, according to World Trade Organisation director general Pascal Lamy. The ballooning US trade deficit with the mainland is a thorny issue on Capitol Hill, especially with fears that more American jobs will be lost in the current economic ...




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