G20 trade ministers meet in Sydney

The G20 trade ministers gathered in Sydney on Saturday to discuss the contribution of trade and investment to growth and how to strengthen the global trading system. Andrew Robb, Australian minister for Trade and Investment, said in the opening remarks to the G20 Trade Ministers Meeting that trade and investment have become of great interest […]

China to develop starting point of Maritime Silk Road

Chinese Vice Premier Zhang Gaoli urged acceleration of the opening-up of southeast China’s Fujian Province, the starting point of the historic Maritime Silk Road, during his visit there from Thursday to Saturday. Zhang said the local authorities should strengthen economic ties with countries and regions along the maritime trade route and boost two-way investment. More […]

China, Brazil sign deal to purchase 60 aircraft from Brazilian Embraer company

Two Chinese companies on Thursday signed a deal here with Brazil’s Embraer, a leading aircraft manufacturer, to buy 60 more E190 planes from the Brazilian firm. According to the newly signed deal, Tianjin Airlines and the Industrial and Commercial Bank of China (ICBC) Leasing will buy twenty E190 aircraft from Embraer each, while Tianjin Airlines […]

Yuan surges in cross-border trade

The value of cross-border trade via the Chinese currency renminbi (RMB), or yuan, totaled 3.27 trillion yuan (531.15 billion U.S. dollars) in the first half of 2014, up 1.22 trillion yuan year on year, latest data from China’s central bank showed. Analysts said the fast rise of the yuan in cross-border trade is closely related […]

Chongqing Cross-Border E-Commerce Platform develops well

23 days on from the installation of the Chongqing Cross-Border E-Commerce Service Platform, completed transactions have already numbered 6,359. The financial transaction quantity has amounted to over 2.0525 million yuan according to news from the Chongqing Administration of Customs (CAC) on Tuesday. Xu Xin, Deputy Commissioner of the CAC, stated the integration of a number […]

Chongqing foreign trade volume reaches CNY 267.49bln

The foreign monetary trade volume of Chongqing reached CNY 267.49bln for the first half of this year, increasing by 41.8% year-on-year, according to the Chongqing Administration of Customs on July 15th, 2014. The imports and exports trade kept at a high-speed of growth while general trade volume decreased. The volume of import and export trade […]

BRICS voices disappointment with non-implementation of IMF reforms

BRICS voices disappointment with non-implementation of IMF reforms

The world’s leading emerging economies on Tuesday expressed their disappointment with the failure to implement the 2010 International Monetary Fund (IMF) reforms. “We remain disappointed and seriously concerned with the current non-implementation of” the IMF reforms, said a joint declaration of Brazil, Russia, India, China and South Africa, collectively known as BRICS. The failure negatively […]

China’s GDP grows 7.4 pct in H1

China’s GDP grows 7.4 pct in H1

China’s economy grew 7.4 percent year on year in the first half of 2014, the National Bureau of Statistics (NBS) announced on Wednesday. Growth in the second quarter stood at 7.5 percent, picking up from the 7.4 percent expansion in the first quarter. “The Chinese economy showed good momentum of stable and moderate growth in […]

Big discounts for imported food in Chongqing

As this year’s Spring Festival approaches, some supermarkets throughout Chongqing have unveiled big discounts on various kinds of imported food. In the Jiefangbei Branch of Carrefour, price of imported cheery will be reduced to 35.8 yuan per 500g from 69 yuan per 500g from January 20. to 30. At a supermarket near Jiefangbei, a box […]