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  <title>Shanghai Daily: Foreign trade</title> 
  <link>
  	http://www.shanghaidaily.com/article/list.asp?id=63
  </link> 
  <description>Shanghai Daily Foreign trade</description> 
  <language>en</language> 


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	<title>Trade surplus shrinks on increase of imports</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448991
	</link>
	<pubDate>11 Sep 2010 2:02:22 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[
	CHINA'S trade surplus in August shrank from July because of more imports, but analysts said pressure over the appreciation of the yuan was still mounting.
 
Last month's surplus settled at US$20 billion, down 30.4...]]></description>
	<content:encoded><![CDATA[CHINA'S trade surplus in August shrank from July because of more imports, but analysts said pressure over the appreciation of the yuan was still mounting.
 
Last month's surplus settled at US$20 billion, down 30.4 percent from July's US$28.7 billion, which was the highest level since February 2009, the General Administration of Customs said yesterday.
 
That compared with a US$20.1 billion surplus in June, US$19.5 billion in May, US$1.7 billion in April, and a deficit of US$7.2 billion in March.
 
"Less trade surplus in August is mainly out of the rebounding imports last month, while the exports moderated a bit due to unstable external demand," said Xue Jun, an analyst at CITIC Securities Co.
 
Imports last month surged 35.2 percent from a year earlier to US$119.3 billion, up 12.5 percentage points from the increase in July. Exports, on the other hand, expanded 34.4 percent to US$139.3 billion, less than the 38.1 percent expansion of a month earlier.
 
The accumulated trade surplus in the first eight months fell 14.6 percent from the amount in the same period of last year, standing at US$103.9 billion.
 
However, pressure rose over the appreciation of the yuan, despite the overall shrinking of the trade surplus so far this year.
 
"Countries like the United States won't stop exerting political influence over China for a stronger yuan because of the need in their own markets to protect jobs and stabilize their economy," said Li Maoyu, analyst at Changjiang Securities Co.
 
The yuan has appreciated against the US dollar to 6.77 from 6.83, less than 1 percent since China announced on June 19 making its foreign exchange regime more flexible.
 
US Treasury Secretary Timothy Geithner said on Wednesday that China "frankly has not let the currency move very much so far" and "we'd like to see them move more quickly."
 
According to Bloomberg News, the US House Ways and Means Committee next week will discuss China's currency policy, and some US lawmakers have pressed the Obama administration to demand a speedier appreciation of the yuan.
 
"With the yuan appreciating very slowly and US midterm elections drawing near, it's inevitable that Sino-US tension will heat up again," said Peng Ken, an economist at Citigroup Inc.
 
The European Union remained China's biggest trading partner, with a bilateral trading value of US$305.8 billion through August, up 36.2 percent from last year. 
 
The EU was followed by the US and Japan, with bilateral trading values of US$242.6 billion and US$186.8 billion.
 
Shanghai's trade expanded 39.3 percent on an annual basis to US$235.5 billion in the first eight months, outpaced only by Guangdong and Jiangsu provinces.
 
Shanghai's exports jumped 33.1 percent year on year to US$115.5 billion through August, Customs said.
 
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	<title>PCs reign in electronic exports</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448521
	</link>
	<pubDate>7 Sep 2010 0:00:00 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author>Rich Zhu</author>
	<description><![CDATA[
	CHINA'S electronic exports jumped an annual 37.3 percent in the first seven months of this year on the back of booming overseas shipments of electronic components, the Ministry of Industry and Information Technology...]]></description>
	<content:encoded><![CDATA[CHINA'S electronic exports jumped an annual 37.3 percent in the first seven months of this year on the back of booming overseas shipments of electronic components, the Ministry of Industry and Information Technology said yesterday.
 
Personal computers, still the major contributor in the total electronic exports in the period, may slow because of a decrease in demand for the rest of this year. The reduced demand will influence the business of electronic manufacturers like Quanta Computer and Foxconn Technology Group, industry officials warned yesterday.
 
"The strong PC export growth may not continue because the demand is expected to decrease worldwide," said Wang Yang, an analyst at iSuppli, a United States-based research firm.
 
Worldwide computer sales are expected to expand 12 percent in 2011 compared with 18 percent this year, according to Taipei-based Capital Securities Corp.
 
China's PC exports surged 55.7 percent from the same period a year ago to US$50.8 billion.
 
From January to July, the value of China's electronic exports was US$313.5 billion, 36.9 percent of the national total export value. 
 
The figure was a growth of 7.5 percent growth compared with the period in 2008 when the global economy was not quite impacted by the financial crisis, according to the ministry.
 
In a statement on its website the ministry said the component and material exports grew rapidly.
 
In the seven-month period, electronic component exports jumped 67.1 percent to US$35.7 billion. Exports of electronic materials hit US$3.1 billion, an annual 67 percent growth, the ministry said.
 
The top three export contributors were PCs, mobile phones and integrated circuits, according to the ministry.
 
Foxconn Technology, which has several electronic manufacturing plants on the Chinese mainland and makes Apple Inc's iPhones and iPads, trimmed its long-term growth target to 15 percent from the previous 30 percent, Chairman Terry Gou told reporters yesterday.
 
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	<title>WTO wants Doha round to conclude</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448501
	</link>
	<pubDate>7 Sep 2010 0:00:00 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author>Kelly Olsen</author>
	<description><![CDATA[
	GROUP of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said yesterday.
 
World Trade Organization talks aimed at a...]]></description>
	<content:encoded><![CDATA[GROUP of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said yesterday.
 
World Trade Organization talks aimed at a new global commerce pact? the so-called Doha round named after Qatar's capital where the negotiations were launched in 2001? have been unable to secure a final deal amid disagreement between developed and emerging economies over trade rules applying to agricultural and industrial goods.
 
Pascal Lamy, director general of the Geneva-based body, met yesterday with South Korean President Lee Myung-bak and Trade Minister Kim Jong-hoon. South Korea is hosting the G20 summit in Seoul on November 11-12.
 
Lamy praised G20 leaders for taking up the issue of the Doha round at their summit in Toronto in June and called for them to follow through in Seoul. He said he does not expect them to engage in line-by-line negotiations, but rather provide the political push for necessary compromises.
 
"They will all have to give a bit more in order to conclude the round, not much more, but a bit more," he said.
 
The G20, which includes both advanced and emerging economies, has taken over from the Group of Seven as the key forum for steering the global economy in the wake of the 2008 financial crisis. Besides Toronto, it has also held summits in Washington, London and Pittsburgh.
 
Lamy said that Lee is clearly on side in the effort to push Doha forward.
 
Lamy said there is no realistic chance of the trade liberalization talks being concluded this year, but suggested that could happen in 2011. "Maybe next year, depending on progress made on substance," he said.
 
He also said that despite signs of a slowing global economy, the WTO expects world trade volume to increase about 10 percent this year after falling 12 percent last year following the worldwide financial meltdown.
 
"Trade is roughly as open today as it was at the beginning of this crisis," he said, crediting this year's strength to "the fact that trade has remained open."
 
The global slump had led to serious fears that governments would erect commercial and trade barriers to defend their economies.
 
Lamy acknowledged growth risks for the world economy are on the "downside rather than on the upside," though not to the extent the WTO needs to lower its forecast.
 
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	<title>European businesses seek a fairer deal in China</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448205
	</link>
	<pubDate>3 Sep 2010 0:10:49 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[
	EUROPEAN businesses want less protectionism and more fairness in trade and investment in both Europe and China, according a report released yesterday by the European Union Chamber of Commerce in China.
 
Both the...]]></description>
	<content:encoded><![CDATA[EUROPEAN businesses want less protectionism and more fairness in trade and investment in both Europe and China, according a report released yesterday by the European Union Chamber of Commerce in China.
 
Both the EU and China should increase business involvement in policy-making, with European companies expecting to get involved in consultations leading to the release of China's 12th Five-Year Plan and continuing to increase direct dialogue with the Chinese authorities, according to the European Business in China Position Paper.
 
"The European Chamber is encouraged by repeated statements by senior government leaders assuring foreign-invested companies in China of being regarded and treated as Chinese companies," the report said. "The chamber is committed to working with the Chinese government through a results-oriented dialogue to achieve this equality."
 
The EU Chamber of Commerce in China has published the paper each year since 2000 to analyze the demand and concerns of European businesses in China. The report grew from last year's 584 pages to 647 pages this year, reflecting the increasing importance of the Chinese market.
 
"China has been instrumental in managing the global impact of the economic crisis and many European businesses have identified China as a key source of future growth," said Jacques de Boisseson, president of the chamber.
 
"But this optimistic view of China's current and future market potential is diluted by a growing frustration amongst the business community."
 
To cater for such concerns, Premier Wen Jiabao and other Chinese top officials have tried to assure foreign investors on many occasions that they are treated fairly and will continue to be treated fairly.
 
China unveiled new policies last month to better facilitate foreign investment, including discounts of land rents and the offer of research funds for encouraged foreign capitals.
 
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<item>
	<title>EU companies urge fairness in trade</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448165
	</link>
	<pubDate>2 Sep 2010 18:15:48 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[
	EUROPEAN businesses urged less protectionism, more fairness in trade and investment in both the Europe and China, according to a report released today by the European Union Chamber of Commerce in China.

Both the...]]></description>
	<content:encoded><![CDATA[EUROPEAN businesses urged less protectionism, more fairness in trade and investment in both the Europe and China, according to a report released today by the European Union Chamber of Commerce in China.

Both the EU and China should involve businesses in policy-designing, and European companies expect to get involved in consultations leading to the release and promulgation of China's 12th Five-Year Plan, and continue to increase direct dialogue with the Chinese authorities, according to the European Business in China Position Paper.

"The European Chamber is encouraged by the repeated statements by senior government leaders assuring foreign-invested companies in China of being regarded and treated as Chinese companies," the report said. "The chamber is committed to working with the Chinese government through a results-oriented dialogue to achieve this equality."

The EU Chamber of Commerce in China published the position paper annually since 2000 to analyze the demand and concerns of European businesses in China. The report has grown even thicker, from last year's 584 pages to 647 pages this year to reflect the increasing importance of the Chinese market.

"China has been instrumental in managing the global impact of the economic crisis and many European businesses have identified China as a key source of future growth," said Jacques de Boisseson, president of the chamber.]]></content:encoded>
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<item>
	<title>Customs levies duty on proxy purchases</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448105
	</link>
	<pubDate>2 Sep 2010 0:28:07 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author>Li Xinran</author>
	<description><![CDATA[
	CHINA Customs imposed a tariff of at least 50 yuan (US$7.34) on most items imported via mail delivery service agencies from yesterday.
 
The new tariff policy poses a threat to surging domestic online services where...]]></description>
	<content:encoded><![CDATA[CHINA Customs imposed a tariff of at least 50 yuan (US$7.34) on most items imported via mail delivery service agencies from yesterday.
 
The new tariff policy poses a threat to surging domestic online services where buyers in China hire agencies to buy products abroad at competitive prices or those that couldn't be found in the Chinese market.
 
Most of these products were brought in via international delivery services. They used to enjoy 400 to 500 yuan of duty exemption. But now China Customs have lowered the tariff threshold to 50 yuan. 
 
The online prices of imported baby formulas and cosmetics, the most popular items on the shopping lists of domestic buyers, have increased 5 to 20 percent since the new rules were released, media reports said.
 
Online sales at the end of last month soared as people rushed to take advantage of the price difference before the new policy started yesterday. 
 
An online store owner offering proxy purchase of Clinique products told Jiefang Daily that a buyer bought 45 pieces of clarifying lotion in one transaction last month when another purchased 136 pieces worth more than 25,000 yuan in five days.
 
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<item>
	<title>Trade Remedy Practices A Concern</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448086
	</link>
	<pubDate>2 Sep 2010 0:00:00 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author></author>
	<description><![CDATA[
	CHINA'S Ministry of Commerce yesterday expressed &quot;serious concern&quot; about the United States' proposed strengthening of its trade remedy practices.
 
It said the move will undermine order in international trade.
...]]></description>
	<content:encoded><![CDATA[CHINA'S Ministry of Commerce yesterday expressed "serious concern" about the United States' proposed strengthening of its trade remedy practices.
 
It said the move will undermine order in international trade.
 
US attempts to increase exports should rely on improvements in its industrial competitiveness and an open international trade environment, the ministry said in a statement on its website.
 
The US should not limit imports with trade remedy measures, the statement added.
 
The US Department of Commerce laid out 14 proposals last Thursday to tighten trade rules. One of the proposals concerns adjustment of the method for anti-dumping calculations.
 
The proposals would increase penalties or toughen requirements for foreign companies the US deems selling products to the US unfairly cheap.
 
The proposals would not lift US industrial competitiveness but would spur retaliatory action from other nations, the statement said.
 
China hopes the US will handle the issues cautiously and abide by the anti-dumping and countervailing rules of the World Trade Organization, the statement said. 
 
 
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<item>
	<title>US not to probe unfair subsidy charge</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448085
	</link>
	<pubDate>2 Sep 2010 0:00:00 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author></author>
	<description><![CDATA[
	THE United States Commerce Department has announced its decision not to initiate investigation on allegations that China's currency practices constitute an unfair subsidy.
 
The currency allegations under review...]]></description>
	<content:encoded><![CDATA[THE United States Commerce Department has announced its decision not to initiate investigation on allegations that China's currency practices constitute an unfair subsidy.
 
The currency allegations under review were made in the context of countervailing duties investigations of two Chinese products - aluminum extrusions and coated paper.
 
"Two allegations before it that China's currency practices constitute an unfair subsidy under US countervailing duty law failed to meet the requirements for the initiation of an investigation," the department said in a statement on Tuesday.
 
"Today's (Tuesday) currency decision was based on a careful evaluation of the specific legal arguments and evidence put before the department, in relation to the standards for the initiation of an investigation under the CVD law," Deputy Assistant Secretary for Import Administration Ronald K. Lorentzen said.
 
"In these two cases, the department has determined not to investigate whether the alleged undervaluation of China's currency, the yuan, is a countervailable subsidy," it said.
 
Lorentzen said the department made the decision because "the allegations made by domestic producers do not meet the statutory standard for initiating an investigation under the requirement that benefits provided under China's unified foreign exchange regime be specific to the enterprise or industries being investigated."
 
However, in a preliminary determination, the department ruled that US$514 million of aluminum products imported from China in 2009 were unfairly subsidized. As a result, importers of Chinese aluminum extrusions will be required to post cash deposits or bonds at rates determined by the department.
 
Aluminum extrusions are shapes and forms made via an extrusion process of aluminum alloys.
 
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	<title>Final ruling sees duty on US chicken imports</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=448002
	</link>
	<pubDate>1 Sep 2010 0:00:00 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author>Wang Yanlin</author>
	<description><![CDATA[
	CHINA will impose a countervailing duty of up to 31.4 percent on imports of American chicken in a final ruling, the Ministry of Commerce said yesterday.
 
It was the latest Chinese move as trade disputes intensified...]]></description>
	<content:encoded><![CDATA[CHINA will impose a countervailing duty of up to 31.4 percent on imports of American chicken in a final ruling, the Ministry of Commerce said yesterday.
 
It was the latest Chinese move as trade disputes intensified after the global financial crisis. 
 
On Monday, China announced it would launch an anti-subsidy investigation into imports of potato starch from the European Union.
 
The final ruling said the Unites States government provided subsidies for their chicken producers and the subsidized chicken imports caused substantial damage to the Chinese industry - the same conclusion as that in the preliminary ruling made in April.
 
The duty to be imposed will last five years.
 
No figures were available on the volume of Chinese imports of American chicken.
 
The trade disputes between China and the US have shown no signs of easing.Since September 2009 when the US decided to impose punitive tariffs on Chinese tire exporters, trade rows have extended to other products.
 
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	<title>Factory Output Rises</title> 
	<link>
	
	http://www.shanghaidaily.com/article/?id=447963
	</link>
	<pubDate>1 Sep 2010 0:00:00 +0800</pubDate> 
	<category>Foreign trade</category> 
	<author>Tomoko A. Hosaka</author>
	<description><![CDATA[
	JAPAN'S factory output unexpectedly rose in July for the first time in two months as companies bolstered production of machinery, chemicals and paper despite signs of a slowing global economy.
 
Factory production...]]></description>
	<content:encoded><![CDATA[JAPAN'S factory output unexpectedly rose in July for the first time in two months as companies bolstered production of machinery, chemicals and paper despite signs of a slowing global economy.
 
Factory production climbed 0.3 percent from June, according to the Ministry of Economy, Trade and Industry's monthly report released yesterday. The reading beat Kyodo news agency's average market forecast for a 0.3 percent decline.
 
 
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