Expanded opening up prospers China’s border trade
The prospering border trade of China is a reflection of the great vitality of the country’s opening up, as China has just celebrated the 40th anniversary of reform and opening up at the end of last year. The convenient custom clearance services at ports in Heilongjiang province and Guangxi Zhuang Autonomous Region, as well as […]
Changes in world trade
There is broad historic agreement that the World Trade Organization (WTO) has been one of the most successful international institutions; its membership accounts for more than 98 percent of world trade. However, today’s global economic landscape is changing rapidly, coupled with retrenchment and distancing from multilateral agreements. Combined, these factors impact the discernible value and role […]
Abe’s advice to Xi meeting Trump at trade war dinner
When Chinese President Xi Jinping sat across the table from his US counterpart Donald Trump in Argentina last weekend, he exuded quiet confidence and impressed the Americans with a detailed presentation that led to a truce in the trade war between the two countries. But a month earlier at a dinner in Beijing with Japanese […]
Here is what you need to know about G20 leaders’ summit
The 13th G20 Leaders’ Summit, under the theme of “building consensus for fair and sustainable development,” will take place Friday to Saturday in Buenos Aires, the capital city of #Argentina. Media hail the role of the G20 Leaders’ Summit on the world stage as “indispensable.” However, do you know why it started and how it […]
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 while imports was up 12.9 […]
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 system and economic globalization. The […]
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 2018－unchanged from its April projection－in […]
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. To safeguard its interests and […]
Commentary: Development the key to all issues
The trade conflicts between the US and China has attracted worldwide attention after the US administration targeted a wider range of imports from China subjected to the additional tariffs. Admittedly, the trade conflicts have exerted adverse impacts on some export industries or export-oriented enterprises in China, but there is no need for the country to […]
Trade turnover of Iran and Azerbaijan may surpass $300 million
The volume of trade turnover between Iran and Azerbaijan currently stands at about $100 million but it must increase considerably, the Iranian deputy minister of industry, mine and trade, Hossin Esfahbodi, said on the sidelines of the ongoing Iran Project 2016 in Baku, Vestnik Kavkaza reports. Elaborating on existing trade capacities between the two countries, […]
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