Entries by admin

Tariff cut on IT products to push China’s industrial innovation

BEIJING (Xinhua) — China’s decision to cut tariffs on a wide range of technology products would help push the country’s industrial innovation, analysts pointed out. On September 22, 2016, China, the world’s largest IT products exporter, started cutting import duties on 201 IT products covered by the Information Technology Agreement (ITA), a global technology trade […]

China lifts ban on U.S. beef products

On September 22, 2016, Chinese authorities announced the conditional lifting of a 13-year import ban on some U.S. boneless beef and beef on the bone. The removal of the ban applies to cattle that are under 30 months old, according to a joint statement issued on September 22, 2016 by the Ministry of Agriculture and […]

Treasury Imposes Sanctions on Supporters of North Korea’s Weapons of Mass Destruction Proliferation

Action Targets a Company and Four Individuals Facilitating Transactions for Designated North Korean Entity   WASHINGTON – Today the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated one company and four individuals tied to the Government of North Korea’s proliferation of weapons of mass destruction (WMD).  Specifically, OFAC imposed sanctions on […]

China aircraft maker to promote new generation planes at air show

BEIJING – The Aviation Industry Corp of China (AVIC) will promote its new generation aircraft at China’s upcoming aerospace trade show, the aircraft manufacturer said Thursday. The company’s heavy transport aircraft Y-20 and stealth fighter J-31, the major models in the new series, will be demonstrated at the 11th China International Aviation and Aerospace Exhibition, […]

Import growth points to economic stabilization

China’s imports in August rose for the first time in nearly two years while the decline in exports decelerated, signaling that government measures to stabilize growth may have taken effect, experts said on Thursday. Dollar-denominated imports beat expectations to increase by 1.5 percent year-on-year, reversing a 12.5 percent slump in July. Exports in dollar terms […]

Shanghai wants to be global shipping hub

Shanghai is keen to deepen the reform of becoming a global shipping hub with continuous higher throughput capacity of cargos, upgraded airport construction and comprehensive shipping services in the Yangtze River Delta. According to the 13th Five-Year Plan on forming Shanghai to be a global shipping center, released today by the municipal government, Shanghai port […]

Exports to China vital to US economy, job growth: USCBC

WASHINGTON, Aug. 18 (Xinhua) — Exports of goods and services to China continue to play an essential role in the U.S. economy and job growth, according to a report released Thursday by the U.S.-China Business Council (USCBC). U.S. goods exports to China totaled 113 billion U.S. dollars last year, down from the previous two years, […]

China to Levy Duties on Some Exports from US, Japan

BEIJING – China will levy antidumping duties on imports of iron based amorphous alloy ribbon from the United States and Japan by requiring deposits for such imports, the Ministry of Commerce said on Thursday. The move came after the initial findings of an investigation launched late last year showed evidence of dumping, according to the […]

U.S. punitive duties on solar imports from China disrupt industry chain: MOC

The Ministry of Commerce (MOC) on Tuesday said China was disappointed at the United States’ punitive duties on Chinese solar products, saying the practice disrupted the global industry chain. “We were disappointed by our U.S. counterpart as we believe its constant anti-dumping and anti-subsidy measures on Chinese photovoltaic products has seriously disrupted the development of […]