China
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East Asia
China’s foreign trade structure further optimized in first seven months
China’s imports and exports went up 8.6 percent year-on-year to 16.72 trillion yuan ($2.45 trillion) in the first seven months of this year, the official with Ministry of Commerce (MOFCOM) announced Tuesday quoting customs data. Exports grew 5 percent over the same period of last year to 8.89 trillion yuan…
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East Asia
US arbitrary practices violate international rules: Kazakh expert
The US capricious violation of various reasonable international rules just to “make America great again” would probably bring devastating results to the world economy and that of the US as well, Kazakh expert of international affairs Ruslan Izimov warned. He sent the warning as the US government’s recent stubborn decision…
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East Asia
Commentary: China’s central SOEs step into high-quality development
China’s central state-owned enterprises (SOEs) are stepping into high-quality development with sustained and fast growth as they secure great performance in revenue and profit. In the first half year, the Chinese central SOEs registered total revenues of 13.7 trillion yuan ($1.99 trillion) and profit of 887.79 billion yuan, up 10.1…
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East Asia
US farmers face risk of losing Chinese market: official
The escalation of the trade friction between China and the US will obviously bring impacts on the US agriculture, said Han Jun, Vice Minister of Agriculture and Rural Affairs, during an interview with People’s Daily. Han, who is also the deputy director of the office of the central agricultural work…
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East Asia
Commentary: US-initiated trade war damages international rules
Washington is on one hand waving the tariff stick to pressure and blackmail China, while on the other hand threatening to withdraw from international groups in pursuit of its own interests. Like a bull on rage, today’s Uncle Sam is trampling upon international rules and damaging the current global trade…
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East Asia
Chinese economy runs stable despite of mounting global protectionism
Chinese economy has been running in a stable pace in the first half of 2018, despite of the rising tide of trade protectionism and the uncertainties emerging in the process of global recovery. The International Monetary Fund (IMF) forecast in late July that China’s economy will grow 6.6 percent in…
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East Asia
China to diversify supply system of soybean import
China is now making efforts to establish a more diversified soybean supply system by increasing the import sources and adjusting domestic production of oil-bearing crops, insider from China’s major grain stockpiler said, adding that the soybeans imported from other countries except the US can meet China’s daily demands. China Grain…
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East Asia
Commentary: Kubuqi sets example for desertification control
Thanks to decades of consistent efforts to fight desertification and reduce poverty, a story of greening the desert and bringing economic benefits to people has been written in the Inner Mongolia Autonomous Region of China. From a vast barren desert to a land of green plants, Kubuqi desert is a…
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East Asia
Deep understanding of the trade war allows China more composure
The US has once again put domestic law above international law by imposing very unreasonable new tariffs on Chinese goods, said a spokesperson of China’s Commerce Ministry on Aug. 8 after the US announced to implement 25 percent tariff on $16 billion worth of Chinese goods since August 23, 2018.…
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East Asia
Create a better life against rains and storms
“Chinese people, under the guidance of the Communist Party of China (CPC), have written a glorious history and created a beautiful life of their own through enduring hardships and making strenuous efforts”, said an article titled Make Relentless Efforts to Create A Better Life” under the byline of Xuan Yan…
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