China begins to build space centreSeptember 13th, 2009 WENCHANG - China Monday began construction of its new space launch centre in Wenchang city, on the northeast coast of the tropical island province of Hainan. It is scheduled to be completed by 2013.
Summary: WTO rules against China, but cheap pirated products make foreign goods a tough sellAugust 15th, 2009 Summary: WTO rules on China, but piracy persistsWHAT HAPPENED? A World Trade Organization panel on Wednesday said China is violating free-trade rules by forcing foreign movies, music, books and video games to be routed through Chinese state-owned companies, and by not allowing foreign partnerships in the realm of digital music. WHAT DOES IT MEAN? It's one step in a long process that could lead China to further open its market to foreign cultural products.
US agrees to relax restrictions on hi-tech goods' export to ChinaJuly 30th, 2009 WASHINGTON - Recognizing China's growing market economy, the US has agreed to loosen restrictions on the export of hi-tech goods to China, Chinese Vice-Premier Wang Qishan has disclosed. The decision came on Tuesday after a meeting between US Federal Reserve Chairman Ben Bernanke and Qishan during the China-US Strategic and Economic Dialogue in Washington.
US okays hi-tech exports to ChinaJuly 30th, 2009 Indo-ASIAN NEWS SERVICE
BEIJING - The US administration has decided to lift its restrictions on the export of hi-tech goods to China, a media report said Thursday. The China Daily quoted Vice-Premier Wang Qishan, who took part in the two-day China-US Strategic and Economic Dialogue that ended in Washington Tuesday, as saying: "The US pledged to facilitate exports of high-technology products from the US to China."
Sino-US trade touched $333.7 billion last year in spite of the global financial crisis.
Anti-dumping duty on Chinese Vitamin C extendedJune 19th, 2009 NEW DELHI - The government has extended the anti-dumping duty on Vitamin-C imported from China for another five years, the Central Board Of Excise and Customs (CBEC) said Friday in a notification. The duty, at the rate of $3.99 per kilogram of the vitamin, was imposed in October 2003 for five years.
Indian firms want tougher quality norms on Chinese goodsJune 14th, 2009 NEW DELHI - Hit by the influx of cheaper Chinese goods in the domestic market, India's small and medium enterprises (SMEs) want tougher safeguard duties and quality norms to be imposed on imports from the neighbouring country, say an an industry lobby survey. Chinese goods are 10 to 70 percent cheaper than their Indian counterparts and the flood of such products in the domestic market have affected companies across sectors at a time when demand is already low due to the global slowdown, said the survey conducted by the Federation of Indian Commerce and Industry (FICCI).
China launches anti-dumping probe of US, Russia steel, but case not expected to affect pricesJune 3rd, 2009 China launches trade probe of US, Russia steelBEIJING — China is investigating imports of U.S. and Russian steel under anti-dumping rules amid a rise in Chinese imports of the metal.
China's North Korean tightrope walkMay 28th, 2009 WASHINGTON - China, which has been leading the effort o restart six party talks with Russia, US, Japan, South and North Korea - is walking a tightrope after Pyongyang conducted a nuclear test. A Chinese Foreign Ministry spokesman said China is "resolutely opposed" to the North Korea's nuclear weapons program.
India initiated most anti-dumping cases among WTO membersMay 7th, 2009 NEW DELHI - India initiated 42 investigations into anti-dumping activities in the second half of 2008, the highest among the total 120 such cases moved by the World Trade Organisation (WTO) members. Data released here Thursday by WTO showed that the last half of 2008 saw 16.5 percent jump in anti-dumping cases to 120 from 103 in the like period of the previous year.
EU bans antifungal chemical linked to allergies; ban to largely affect Chinese leather importsApril 30th, 2009 EU bans chemical used in Chinese leather goodsBRUSSELS — The European Union has banned an antifungal chemical used in Chinese leather shoes or sofas that can cause severe allergic reactions. Dimethyl fumarate, or DMF, prevents mold growing on leather goods produced in humid climates.
WTO rules US fees on Japanese steel products, ball bearings still illegalApril 24th, 2009 WTO rules against US in trade dispute with JapanGENEVA — The World Trade Organization ruled against the United States on Friday in a trade case, saying it continued to apply illegal import duties on Japanese steel products and ball bearings. The 65-page verdict says Washington had failed to change how it sets fees for goods it suspects are being sold in the U.S.
India imposes anti-dumping duties on stainless steelApril 23rd, 2009 NEW DELHI - India has imposed anti-dumping duties on certain types of stainless steel that are imported from a host of countries including China and Japan after finding that they were landing at below the normal value. 'The domestic industry had suffered material injury,' said a notification by the Central Board of Customs and Excise.
Indian engineering exporters bank on Africa, Southeast AsiaFebruary 28th, 2009 KOLKATA - At a time when the world is reeling under the economic meltdown, exporters of engineering goods in the country are looking to Africa and Southeast Asia for salvation. 'Though they predominantly buy engineering goods from China, last year they faced some difficulties and now they want India to be developed as a second supplier,' R.P.
China upset about India's toy import banFebruary 3rd, 2009 BEIJING - The Chinese government has protested India's ban on Chinese toy imports and is likely to ask the World Trade Organization (WTO) to probe it, a newspaper here reported Wednesday. The move came after India announced a six-month ban on toy imports from China Jan 23.
China asks India, Pakistan to probe Mumbai attacksDecember 22nd, 2008 BEIJING - China Tuesday called on India and Pakistan to probe the Mumbai terror attacks through peaceful consultations. 'We hope to see improvement in the India-Pakistan relations,' foreign ministry spokesman Qin Gang told a press conference in responding to questions on the South Asia situation.