As the trade war between the world’s two largest economies nears the end of its first week, its most unsettling fact may be this: No one seems to foresee any clear path to peace. The United States insists that China abandon the brass-knuckles tactics it’s used to try to supplant America’s technological dominance. Yet Beijing […]
The International Trade Secretary Dr Liam Fox comments on the latest ONS trade figures.
There’s good news for the UK as the latest trade figures show demand for British goods and services is higher than ever with exports at record high of £620 billion in the year to May 2018. In data released by the British Office for National Statistics (ONS) on Tuesday, 10 July, UK exports to the […]
Panama and China said they hoped to reach a mutually beneficial bilateral free trade agreement (FTA), after launching negotiations here on Monday. China’s Ambassador to Panama Wei Qiang told Xinhua that in negotiations of this kind, the key words are “mutual benefit.” The two countries aim to “negotiate a modern, ample, comprehensive and high-level FTA” […]
China’s ambassador to Australia has called on the nation to sign up to the Belt and Road Initiative, saying Australia will benefit from the initiative. Speaking at the Belt and Road Initiative in Australia conference in Darwin on Wednesday, Ambassador Cheng Jingye said China will work with other countries to uphold free trade in the […]
The International Trade Centre (ITC) said Tuesday that it has launched the Market Price Information portal, an online database giving access to live updates and prices for more than 100 agriculture products. The portal was launched with a view to improve transparency in trade and help improve the decision-making processes for micro, small and medium-sized […]
There are no winners in the trade war, so in the largest trade war between China and the United States in human economic history, both sides inevitably have to pay the price and bear the loss. In this regard, China has already made an estimate and prepared a plan to deal with it. On the […]
On July 9, 2018, during the visit of Kuwait Emir Sabah’s visit to China, under the witness of the heads of state of China and Kuwait, Fu Ziying, Deputy Minister of the Ministry of Commerce of China, and HE Khaled Nasser Abdullah Al-Roudan, Minister of Commerce and Industry of Kuwait In Beijing, signed a Memorandum […]
China-Europe freight trains have made over 9,000 trips by the end of June, the China Railway Corporation (CRC) said Monday. Since the services began in 2011, the trains have delivered 800,000 twenty-foot equivalent units (TEUs) of goods, connecting 48 Chinese cities with 42 European cities, according to CRC. For more than 7 years, the services […]
Chinese Ambassador to Britain Liu Xiaoming said that the U.S.-China trade dispute poses a severe challenge to the world economic order and reflects three conflicts of views between the two countries. Liu said in a signed article published on The Sunday Telegraph that the United States recently went back on its words after reaching a […]
A direct freight train service connecting east China’s port city of Xiamen and Budapest, Hungary, started Monday. At about 10 a.m., a train with 41 containers of electric products, clothes, shoes and construction materials left Haicang station in Xiamen, marking the first trip of the new route, said Zhao Liqiang, chief of the station. Xiamen […]