Global trade

Big hurdles to three-way, free trade talks

Chinese representative Yu Jianhua (left), South Korean representative Choi Kyong-lim (centre) and Japanese representative Koji Tsuruoka (right) at the trilateral talks on the free trade agreement. Photo: Xinhua

Territorial tensions, rivalries and suspicions are hardly the ideal environment for long-awaited free-trade talks between China, Japan and South Korea. But Beijing's wish to counter the American-led push for a Trans-Pacific partnership (TPP) that does not include China - part of Washington's strategic pivot back towards Asia and the Pacific - has helped get them off the ground. 

Monday, 1 April, 2013, 3:00am

Volkswagen plans 10 billion-yuan factory in Changsha, Hunan

Volkswagen has big plans in Changsha. Photo: Reuters

Volkswagen, Europe's biggest carmaker, was seeking to build a 10 billion yuan (HK$12.4 billion) factory in China that might boost the company's production capacity by more than 10 per cent, state-affiliated bodies said.

24 Oct 2012 - 4:01am

Briefs, October 20, 2012

Earnings disappoint at Microsoft, McDonald's

WTO upholds its ruling China broke trade rules

The World Trade Organisation has upheld its ruling in June that China violated global trade rules by imposing anti-subsidy and anti-dumping penalties on more than US$200 million of flat-rolled electrical steel products from the United States. Bloomberg  

Hutchison 3G may have to sell assets in Europe

20 Oct 2012 - 2:35am

Canton Fair not all gloom and doom

A mosaic image of Marilyn Monroe on display at the Canton Fair in Guangzhou. The mood of the fair activities is mixed. Photo: NYT

His factory has been robbed, he cannot move around in public without armed guards, and the business climate couldn't be more alien. Yet, Zheng Yongjiang believes that moving some of his production lines to Angola is one of the smartest things he ever did.

19 Oct 2012 - 3:33am

China's system of authoritarian capitalism under stress

China's system of authoritarian capitalism under stress

China's phenomenal rise has led many to view the country as an indomitable juggernaut. Why then does Premier Wen Jiabao describe the country's economic model as "unstable, unbalanced, unco-ordinated and unsustainable"? Because it is.

8 May 2015 - 9:46am 3 comments

FedEx to increase profit by HK$13.1 billion

FedEx chief executive Fred Smith

FedEx has set a goal of boosting profit by US$1.7 billion within three years, primarily through cost reductions, to reposition the company as customers shift to slower, cheaper deliveries from costlier overnight shipments.

Chief executive Fred Smith set that target on Tuesday in a speech to analysts and investors in Memphis, Tennessee, without saying how the goal will be achieved.

11 Oct 2012 - 3:03am

HK has much to gain from TPP trade pact

Far removed from today's headlines for the most part, a small but highly influential group of major trading countries has been meeting over the past two years to map out the next generation of trade rules for the Asia-Pacific region.

6 Sep 2012 - 1:22am