Posts tagged "investment"

Diamond decade for China & ASEAN

04

Sep 2013


Global Sourcing, Opportunities
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Diamond decade for China & ASEAN

Trade and investment between China and the Association of Southeast Asian Nations are expected to more than double by 2020, Premier Li Keqiang said on Tuesday.   These goals are part of what the premier calls a "diamond decade" of relations the two must strive to achieve.   Trade is expected to reach $1 trillion in 2020, compared with $400 billion last year, Li said at the 10th China-ASEAN Expo, which opened on Tuesday in Nanning, capital of the Guangxi Zhuang autonomous re...

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India, China Take 60% of Gold Buying

16

Aug 2013


Global Sourcing, Quality Control, Quality Management
2 comments

India, China Take 60% of Gold Buying

In the quarter ended June, India and China together accounted for about 60 per cent to the global demand for gold. During the period, global demand fell 12 per cent.   Data compiled by Thomson Reuters and World Gold Council showed global demand stood at 856.3 tonnes during the quarter ended June, against 974.6 tonnes in the corresponding period last year. While jewellery demand rose 37 per cent to 575.5 tonnes, demand for gold bars and coins increased a staggering 78 per cent to 507.6...

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RMB Kick offs against Aussie Dollar

01

Dec 2011


Global Sourcing, Logistics, Opportunities
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RMB Kick offs against Aussie Dollar

The Chinese local currency renminbi (RMB) kicked off trading against the Australian dollar and the Canadian dollar in the country’s onshore market on Monday. The two new foreign currencies have become the latest additions to the seven other foreign currencies that are currently being traded directly against the RMB.   The RMB opened at 6.1266 against the Canadian dollar on the first day of trading, after the People’s Bank of China (PBOC) fixed the RMB/Canadian dollar’s mid-point...

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China’s New Biggest Export Destination

29

Aug 2011


Global Sourcing, Logistics
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China’s New Biggest Export Destination

China became South Africa's top export destination at the end of 2010 due to strengthened bilateral trade links, according to South African ambassador Bheki Langa.   Investment between the two countries surged to nearly seven billion US dollars at the end of last year, the ambassador told Xinhua in a recent interview. China Customs statistics show that trade between China and South Africa totaled $25.6 billion throughout 2010. Imports from South Africa reached $14.8 billion dur...

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New Trade Zone in Hwanggumpyong

30

Jun 2011


Global Sourcing, Logistics
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New Trade Zone in Hwanggumpyong

Sharp-eyed viewers of CCTV may have noticed the recent adverts promoting the port of Dandong on China’s border with North Korea as a new northeastern gateway to global markets. That campaign goes hand-in-hand with the recent decision to set up a free trade zone on North Korea’s Hwanggumpyong Island, an undeveloped island adjacent to Dandong, where a tax-free zone of 11 square kilometers will be set up. China has reportedly signed a 50 year lease agreement to develop the island.   ...

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China & Germany Target Doubling Trade

29

Jun 2011


Global Sourcing, Logistics
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China & Germany Target Doubling Trade

China and Germany signed deals worth more than $15 billion on Tuesday as the leaders of the world's top two exporters set a target of doubling their annual trade by 2015.   Chinese and German leaders are meeting for trade talks in the German capital Berlin, with the Chinese seeking new investment by hi-tech companies. Chinese Premier Wen Jiabao arrived on Monday evening on the final leg of his European tour, and is meeting German Chancellor Angela Merkel. Germany is by far China's big...

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