Australia: Chinese investment important to economy
April 30, 2008
- Australian Treasurer Wayne Swan said on Wednesday Chinese investment has a role to play in the Australian economy.
The Australian government welcomed foreign investment and did not discriminate in terms of the source country, Swan told the Skynews.
“Chinese investment has got a role to play in this country but we’ve made it very clear when it comes to foreign investment from Chinese government entities that we will apply our national interest criteria as we do in all other cases.
“We think it’s important that investment is competitive, that investment is non-strategic, and that investment is in our national interest”, he said.
(Source: Shanghai Daily)
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HK’s goods exports up 5.5% February
April 17, 2008
– Hong Kong’s volume of total goods exports grew 5.5 percent while the volume of imports rose 9.8 percent in February compare with the same month of last year.
–Hong Kong’s re-exports of goods also grew 5.9 percent in the same month of last year, while domestic exports shrank 4.5 percent.
–The price of total goods exports rose 2.8 percent and the price of goods imports grew 3.5 percent.
–The price of re-exports rose 2.8 percent while that of domestic exports grew 3.4 percent.
–In February, the total export volume to the Chinese mainland and Germany rose 12.2 percent and 7.4 percent respectively, while that to Japan, the United States and the United Kingdom fell 0.7 percent, 16.4 percent and 20.3 percent.
–Comparing the year’s first two months with the same period last year, the volume of Hong Kong’s re-exports of goods rose 11.4 percent, while domestic exports fell 2.6 percent. The volume of total exports of goods grew 10.9 percent while the volume of imports rose 13.7 percent.
April 17 (Xinhua)
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Minister of Commerce: Export slowdown in a reasonable zone
April 15, 2008
April 15 (Xinhua) – Minister of Commerce Chen Deming said that export growth had slowed but remained in a reasonable zone, while the impact of the sub-prime crisis would be closely monitored.
China’s import and export situation was “relatively satisfactory” and excessive panic was “unnecessary,” Chen said at the ongoing Canton Fair in the southern city of Guangzhou. The fair opened on Tuesday.
His comments followed Friday’s release of first-quarter customs figures that showed China’s quarterly trade surplus had contracted10.8 percent year-on-year to 41.42 billion U.S. dollars.
[Read more]
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65% of China’s invention patents from SMEs
April 15, 2008
Small and medium-sized enterprises (SMEs) have become a major force in promoting China’s science and technology innovation, which take up over 65 percent of the country’s invention patents.
Li Yuguang, deputy head of the State Intellectual Property Office, told a seminar on intellectual property rights (IPR) here that more than 80 percent of China’s new products were from the SMEs.
However, the SMEs generally lack awareness of IPR protection, with 80.2 percent of them having no IPR department.
China is making progress in its battle to protect IPR with better implementation of relevant laws and regulations.
However,in merely 20-odd years it is impossible for China to establish IPR protection awareness similar to that of Western countries.
Last week, guidelines on a national IPR strategy were approved at an executive meeting of China’s State Council presided by Premier Wen Jiabao.
The strategy includes greater efforts to crack down on IPR infringement, safeguard market order and the legal rights of the public, strengthen international cooperation, adherence to international practice, and efforts to raise public awareness
April 18 (Xinhua)
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China now 3rd machinery supplier to Brazil
April 10, 2008
China has become Brazil’s third largest machinery equipment supplier, with its machinery exports to Brazil surging nearly 150 percent to 364 million U.S. dollars in the first two months of 2008.
In the period under review, Brazil imported machinery equipment worth 3.27 billion dollars, a 66.1-percent increase year-on-year, according to figures released by the association.
The United States is Brazil’s largest machinery equipment supplier, exporting 835 million dollars worth of equipment to the South American nation. It is followed by Germany with an export value of 465 million dollars.
The vice president of the Brazilian Machinery Builders’ Association, Jose Velloso Dias Cardoso, said: “Three years ago, China was the 15th supplier of machinery equipment to Brazil. However, by last year it had already climbed up to fourth place, and this year China took a further step by ranking third, after only the U.S. and Germany.”
Media reports predict China will overtake Germany to become the second largest machinery supplier to Brazil by the end of this year.
Source:China Daily
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