Posts tagged "trade"

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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12 key sales trends for 2014

The unprecedented changes we are experiencing as a result of the digital revolution and commoditisation of products, services, quality and even pricing, mean we can no longer manage sales by processes, protocols or numbers alone – selling has become a thinking person’s game. Sales operations are complex systems that involve many variables making it almost impossible to predict outcomes. Today, with rampant change, that unpredictability has increased in pace and impact. To have a highl...

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Chinese shopping ’till they drop…online

Add one more fact about China's burgeoning economy to the shopping cart. The e-commerce market in the world's most populous country is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says. And online spending could account for half of all Chinese retail spending within a decade, according to Chinese e-commerce firm Alibaba Group. The change in shopping habits comes as almost hal...

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China’s Exports Rise 7.2% in August

BEIJING, Sept. 8 (Xinhua) -- China's exports rose 7.2 percent year on year to 190.61 billion U.S. dollars in August, according to customs figures released on Sunday. The growth rate was 2.1 percentage points higher than July. Imports also rose last month, gaining 7 percent to 162.09 billion U.S. dollars, the General Administration of Customs said in a statement. Total foreign trade grew 7.1 percent in August over the same month in 2012 to 352.7 billion U.S. dollars, said the statement. ...

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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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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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