360° Coverage : China still lags US in trade

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China still lags US in trade
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China still lags US in trade

Feb 15 2013, 3:47am CST | by

Beijing, Feb 15 (IANS) China has quashed media reports that it has surpassed the US to become the world's biggest trading nation by volume, China Daily reported Friday.

Beijing, Feb 15 — China has quashed media reports that it has surpassed the US to become the world's biggest trading nation by volume, China Daily reported Friday. Recent data from the world's two...

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1 year ago

China still lags US in trade

Feb 15 2013, 3:47am CST | by

Beijing, Feb 15 (IANS) China has quashed media reports that it has surpassed the US to become the world's biggest trading nation by volume, China Daily reported Friday.

Beijing, Feb 15 — China has quashed media reports that it has surpassed the US to become the world's biggest trading nation by volume, China Daily reported Friday.

Recent data from the world's two largest economies show that Chinese trade in goods and services reached $3.87 trillion in 2012, according to the General Administration of Customs.

The value of US exports and imports was $3.82 trillion, according to the US commerce department.

The ministry, however, said China's combined export and import volume from last year is below that of the US when the same method of measurement is used.

IANS

Source: IANS

 
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5 days ago

China Sept inflation cools to near 5-year low

Oct 14 2014 9:55pm CDT | Source: Reuters India

BEIJING (Reuters) - China's inflation rate slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling fast unless governments take bolder measures to shore up their economies. ...
Source: Reuters India   Full article at: Reuters India
 

 
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10

5 days ago

Ebola fears expected to impact participation at major China international trade fair

Oct 14 2014 9:52pm CDT | Source: Canadian Business Online

BEIJING, China – Organizers say concern about the spread of the Ebola virus is expected to impact attendance at China’s largest international trade fair, which kicks off Wednesday. Spokesman for the Canton Fair Liu Jianjun was quoted in Chinese newspapers as saying he expects to see a fall in the number of foreign buyers, especially those from African countries. About 500,000 buyers and exhibitors usually attend the biannual event in the southern city of ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
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5 days ago

China inflation slows to 1.6% in September

Oct 14 2014 9:45pm CDT | Source: Business Insider

Beijing (AFP) - Inflation in China fell to 1.6 percent in September, the government said Wednesday, below analysts' forecasts and the lowest in the world's second-largest economy for almost five years.The consumer price index (CPI) figures released by the National Bureau of Statistics represented a slowdown in inflation from 2.0 percent in August. It was the lowest since January 2010. Analysts polled by Do ...
Source: Business Insider   Full article at: Business Insider
 

 
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8

5 days ago

Asian stocks on edge on lingering growth anxiety

Oct 14 2014 9:45pm CDT | Source: Business Standard

Asian stocks were cautiously up on Wednesday as benign inflation data in China and more gloom in the euro zone economy lent credence to fears of a faltering g ...
Source: Business Standard   Full article at: Business Standard
 

 
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7

5 days ago

Airport search not racial profiling when based on customs officers’ on-the-job experience: court

Oct 14 2014 6:03pm CDT | Source: National Post

OTTAWA — Customs officers are not guilty of racial profiling when they use on-the-job experience to decide who to stop and search at Canada’s airports, the Federal Court of Appeal has ruled. “Officers on the front line, such as the officer herein, cannot be expected to leave their experience — acquired usually after many years of observing people from different countries entering Canada — at home,” Justice Marc Nadon said, writing on behalf of a three-person appeal ...
Source: National Post   Full article at: National Post
 

 
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5

5 days ago

Here's Where The Richest 10% Control The Bulk Of A Country's Wealth

Oct 14 2014 4:46pm CDT | Source: Business Insider

Credit Suisse released a huge report on the distribution of global wealth. Among lots of other interesting results, like that the social democracies of Scandinavia are less equal than much of the rest of Europe, the 2014 "Global Wealth Report" includes data on the share of national wealth owned by the top 10% of the populations of a number of countries. Here's the percentage share of wealth owned by the top 10% in the countr ...
Source: Business Insider   Full article at: Business Insider
 

 
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4

5 days ago

Italy, China sign 8 billion euros in deals as economic ties deepen

Oct 14 2014 2:02pm CDT | Source: Canadian Business Online

ROME – The Italian and Chinese prime ministers have signed letters of intent on projects worth 8 billion euros ($10 billion), including a Chinese line of credit to Italian energy company Enel. Chinese Premier Li Keqiang told a news conference before the signing Tuesday that China does not want to run a trade surplus with Italy and would like to import more Italian products, citing Italian craftsmanship and technology. China is Italy’s se ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
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5 days ago

Universal's Beijing park may be boon for Orlando

Oct 14 2014 9:47am CDT | Source: Orlando Business Journal

A new theme park in China may be thousands of miles away, but it still could impact Orlando. Universal Parks & Resorts announced plans for a $3.3 billion theme park in China opening in 2019. Details still are being determined, but the park will be 300 acres initially and eventually could grow to more than 1,000 acres. Here's how it may affect us: Local theme park contractors and consultants may be hired to travel to China to help design and build that theme park. ...
Source: Orlando Business Journal   Full article at: Orlando Business Journal
 

 
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5 days ago

Costco enters China online with Alibaba deal

Oct 14 2014 9:19am CDT | Source: San Jose Business Journal

Costco Wholesale Corp. is entering China for the first time via an online deal with Alibaba Group’s Tmall Global platform. The deal will allow Costco (NASDAQ: COST) access to Tmall without establishing a physical presence in China. Issaquah, Washington-based Costco said it "will carefully select the most suitable products and brands for its consumers in China at highly attractive prices." “Costco sees trem ...
Source: San Jose Business Journal   Full article at: San Jose Business Journal
 

 
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5 days ago

Luxury Goods Sector Sales to Fall

Oct 14 2014 9:16am CDT | Source: WSJ.com: Europe Home

Geopolitical troubles and anticorruption measures in China are taking their toll on the world’s luxury industry, as sales in the sector will likely fall bot ...
Source: WSJ.com: Europe Home   Full article at: WSJ.com: Europe Home
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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