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Tag Archives: trade:

Yuan trade settlements between Hainan & ASEAN up sevenfold in 2021

The ongoing transactions between Hainan and ASEAN countries made 1.64 billion yuan ($254 million), and 385 million yuan ($60 million) came from direct investment. A pilot program for foreign trade in Chinese currency was launched back in 2009, initially covering Shanghai and four other cities in China’s southern Guangdong province. …

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China lodges complaint with WTO against Australia over trade tariffs

Ministry spokesman Gao Feng said that Beijing would now appeal against Australia’s duties on imports of railway wheels, wind towers and stainless-steel sinks. “(China) hopes that the Australian side will take concrete action to correct the wrong practices and avoid distortions to the trade of related products, so that trade …

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Indonesia to set up its own bullion bank to boost domestic gold trade

Indonesian authorities are currently holding consultations with officials from the central bank and representatives of the mining sector. “Our exports have gone to transit countries because they have better gold trading systems, either in the form of bullion banks or better bourses than ours,” Lutfi said as quoted by Bloomberg. …

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Russia-China trade turnover soars nearly 25% since beginning of 2021

According to the data, the total volume of trade between the two countries during the period amounted to $50.65 billion, marking year-on-year growth of 23.6%. In May alone, Russia-China trade turnover reached $10.449 billion. Exports of Chinese goods to Russia increased by 35.3% to $22.921 billion, while imports of Russian …

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Trade with China is key to Europe’s economic recovery, so why is the EU harming that trade with pointless political posturing?

Last week the European Commissioners announced a legislative proposal to make EU foreign-investment rules more stringent and address the alleged trade harm from foreign subsidies.  The move, which Commissioner for the Internal Market Thierry Breton has claimed would ensure that “no one can undermine the level playing field and Europe’s …

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