Canton Fair ends with trade volume growth

Posted on May 6, 2011 in AllEconomic News

The 109th Canton Fair, held in south China’s Guangdong Province and a barometer of China’s trade, closed Thursday with a growth in trade volume despite some setbacks. Contrary to predictions that the number of businessmen to the fair could drop by 5 percent, a record high of 207,000 foreign traders came and struck deals worth [...]

China likely to maintain trade surplus in 2011

Posted on May 4, 2011 in AllEconomic News

Despite a small trade deficit in the first quarter of 2011, China is estimated to maintain a trade surplus in 2011 because of a complicated foreign trade situation, Jiang Yaoping, vice-minister of commerce, said on May 3. However, the share of the trade surplus in terms GDP will continue to drop and China’s foreign trade [...]

Changing face of China’s economy

Posted on Apr 18, 2011 in AllEconomic News

For the first time in seven years international trade in China has recorded a quarterly trade deficit. This is evidence of the shift in the structure of the Chinese economy but it doesn’t signal an end to China’s international trade surpluses with the world. It is evidence of an important longer-term trend. The deficit in [...]