International trade

Manufacturing Day in the U.S.

Manufacturing is more than just a cornerstone of the U.S. economy; it’s a cornerstone of modern life. The screen you’re reading this on is a manufactured commodity. The radio you’re listening to, the car you drove to work, the smartphone your kids keep staring at – your refrigerator, your TV, your medicine – all manufactured goods.   Many headlines about U.S. manufacturing are negative, focusing on increased global competition in the sector, but the fact is that the U.S. manufac...

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The Chinese “Chabuduo” Attitude

When you are doing business with Chinese people, it is highly recommended to learn about the cultural differences in order to be successful and prevent mistakes and problems with Chinese suppliers. Sometimes Chinese words and expressions are a good guide towards some of these cultural differences. In particular, when a word or phrase is complex to translate, it often means there is a cultural difference involved.   A good example of these words is the expression Chà bu duō  (差不多...

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$6b in trade contracts at China-Eurasia Expo

URUMQI - The fourth China-Eurasia Expo (CEE), a six-day international fair, was concluded on Saturday in northwestern Chinese city of Urumqi, capital of Xinjiang Uygur autonomous region. The Expo saw more than $6 billion worth of foreign trade contracts signed with Chinese companies. The figure was a 7 percent year-on-year increase compared with that in last year, said the expo organizer.   This year's expo theme "Opening up and Cooperation for Building Silk Road Economic Belt" aim...

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Myanmar’s new Special Economic Zone

In a bid to further boost trade with China and address the increasing demand for transport and infrastructure, Myanmar is implementing a Central Economic Zone in the border town of Muse, project officials announced last Tuesday. Following a series of economic and democratic tax reforms intended to encourage foreign direct investment, Myanmar saw FDI increase from US$300 million in 2009-10 to US$20 billion in 2010-11 and a resulting rise in GDP rate from 5 percent in 2009 to 6 percent in 2012. ...

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Trade between China and ASEAN grow

Trade between China and the ASEAN has been growing despite recent disputes in the South China Sea, economists say. According to Chinese customs data published on Friday, trade between China and the Association of Southeast Asian Nations (ASEAN) rose 5.4 percent (in U.S. dollar terms) year-on-year to reach 261.3 billion U.S. dollars in the first seven months. China's exports to the ASEAN bloc grew 8.1 percent to 146.2 billion U.S. dollars in the first seven months, while imports amounted to 115...

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Beijing and Seoul new trade agreement

Chinese and South Korean leaders have pledged to sign a bilateral trade agreement between China and South Korea by the end of this year and introduce direct trading of their currencies to spur cross-border renminbi transactions and deepen economic ties in two of Asia’s largest economies. The agreement was made between Chinese President Xi Jinping and his Korean counterpart Park Geun-hye on his first visit to Seoul. “Through these measures, exchange between companies and citizens in the tw...

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