A new report says North Korea’s trade with China accounted for more than 70 percent of its total commerce last year, as the isolated nation deepens its reliance on its only major ally. South Korea’s national statistics office said Thursday that Pyongyang’s bilateral trade with Beijing totaled over $5.6 billion in 2011. That is an […]
North Korea’s Trade with China Expanded Rapidly in 2011: Seoul
Posted December 27th, 2012 at 2:05 am (UTC-5)
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US, China Report Progress on Trade Disputes
Posted December 20th, 2012 at 2:10 am (UTC-5)
Senior U.S. and Chinese officials finished two days of trade talks Wednesday, touting progress on a number of economic issues that have complicated the relationship between the world’s two biggest economies. The annual U.S.-China Joint Commission on Commerce and Trade, held this year in Washington, was the first high-level meeting since President Barack Obama’s re-election […]
Mining Unrest Drives Up South African Trade Deficit
Posted October 31st, 2012 at 11:35 am (UTC-5)
South Africa’s trade deficit rose sharply in September, mainly due to labor unrest that cut mining production. The government said Wednesday that the deficit jumped from August to $1.6 billion. Total exports fell nearly eight percent, as exports of base metals, minerals, and precious and semi-precious stones all dropped. Mining is one of the most […]
China’s Exports Rise Nearly 10%
Posted October 13th, 2012 at 6:00 am (UTC-5)
China’s exports increased more than expected in September, contributing to a widening trade surplus with the rest of the world. Figures released by the government Saturday showed exports up 9.9 percent from a year earlier, despite economic problems in Europe and the United States. China says its imports rose 2.4 percent in September, an improvement […]
EU Seeking New Sanctions in Airplane Trade Dispute
Posted September 27th, 2012 at 12:15 pm (UTC-5)
The European Union is asking the World Trade Organization for $12 billion in new trade sanctions against the United States in the long-running dispute over government aid for the world’s largest plane makers, Airbus and Boeing. The WTO at various times has found both the EU and the U.S. at fault in the dispute — […]
US – China Trade Dispute Heats Up
Posted September 17th, 2012 at 10:30 am (UTC-5)
Trade disputes between the United States and China are heating up, as Washington complains about Chinese auto parts and Beijing files a complaint about a new U.S. tariff law. Monday, China went to the World Trade Organization accusing the United States of unfairly raising tariffs on 30 products, including tires and kitchen appliances. Beijing’s action […]
US – China Trade Dispute Heats Up
Posted September 17th, 2012 at 9:10 am (UTC-5)
Trade disputes between the United States and China are heating up, as Washington complains about Chinese auto parts and Beijing files a complaint about a new U.S. tariff law. Monday, China went to the World Trade Organization accusing the United States of unfairly raising tariffs on 30 products including tires and kitchen appliances. Beijing’s action […]
Chinese Men Charged with Trying to Buy U.S. Trade Secrets
Posted September 5th, 2012 at 4:15 am (UTC-5)
Two Chinese nationals have been charged in the U.S. with trying to steal trade secrets from an American manufacturer of insulation so they could start a competing plant in China. Ji Li Huang and Xiao Guang Qi appeared in a federal court in Kansas City, Missouri on Tuesday. They are accused of trying to pay […]
China’s Trade Growth Falters in July
Posted August 10th, 2012 at 2:00 am (UTC-5)
China’s exports grew just one percent in July compared to the same period a year earlier, the latest sign of continued stagnation within the global economy. The figures released Friday by China’s customs bureau were far below the 11.3 percent rate posted in June, and well short of many economists’ forecasts. Imports in July were […]
China Opens Dumping Probe Against US, South Korea
Posted July 20th, 2012 at 2:35 am (UTC-5)
China says it will open probes into imported U.S. and South Korean solar-grade polysilicon, which is used to make solar products. The Ministry of Commerce announced Friday that it will investigate whether U.S. and South Korea sold the kind of polysilicon used to produce solar batteries at artificially low prices in China. In another statement, […]
