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News About World Trade
June 16, 2016
Alibaba's Jack Ma: Fake goods often better than originals
Beijing (AFP) June 15, 2016
China's unbranded goods are often better than the branded originals they imitate, founder of e-commerce giant Alibaba Jack Ma has said, posing an additional challenge to the battle against sales of counterfeits. "The problem is that the fake products today, they make better quality, better price than the real product, than the real names," he said in a speech at Alibaba's investor's day in the southern city of Hangzhou Tuesday. "They're the exact factories, the exact raw materials, but they do n ... read more

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China imports fall slows in May
China's imports decreased at their slowest pace in more than a year-and-a-half in May, official data showed Wednesday, in a possible sign domestic demand in the world's second-largest economy may be recovering. ... more
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Panama Canal lifts restrictions on ship depth
Officials running the Panama Canal said Wednesday they have lifted restrictions on the depth of ships passing through that had been imposed since April because of low water levels caused by severe drought. ... more
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Lew raps China on excess steel production
Chinese oversupply of steel is "damaging and distorting" global markets, US Treasury Secretary Jacob Lew said Monday, joining a chorus of criticism that blames Beijing for plant closures and job losses in the industry worldwide. ... more
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Thai military men convicted for attack on mine activists
A Thai court on Tuesday sentenced two military men to jail for orchestrating an attack on villagers blockading a gold mine, a lawyer said, a rare ruling in favour of such activists. ... more
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Myanmar gem firms say $100m 'missing' from industry fund
An embezzlement probe has been launched after nearly $100 million vanished from a fund set up by Myanmar's gem companies, a trade body said Thursday, raising corruption fears in an industry notorious for its shady dealings. ... more
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Chinese investors to build industrial city in Oman
Chinese investors signed a deal Monday with Oman's government to build an industrial city, including an oil refinery, in the southern port town of Duqm, a joint statement said. ... more
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European vote against China market status not 'constructive': Beijing
A European Parliament vote against granting China market economy status in the World Trade Organization was "not at all constructive", Beijing's foreign minister said Monday as he met his French counterpart. ... more
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Australia, US boost efforts to protect steelmakers
Canberra and Washington will step up joint efforts to protect domestic steelmakers, Australian Prime Minister Malcolm Turnbull said Thursday, amid concerns about China flooding the market with below-cost products. ... more
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China and Caribbean cosy up to the sound of music
Gyrating in the night, Trinidadian soca singer Lil Bitts's derriere, hugged by a pair of hot pants, is centre stage in efforts to bring together China and the Caribbean as Beijing seeks a more prominent presence in Washington's back yard. ... more
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EU warns against market economy status for China
The EU on Wednesday said granting market economy status for China at the World Trade Organization was "untenable" due to the loss of jobs it would cost Europe in key industries such as steel. ... more
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China April exports, imports fall in sign of weakness
China's exports slumped nearly two percent in April compared to the same month last year, as imports fell almost 11 percent, officials said Sunday, the latest sign of weakness in the world's second largest economy. ... more
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China group buys DR Congo copper mine for $2.65 billion
US company Freeport-McMoRan said Monday it was selling control in the Tenke Fungurume copper mine in DR Congo to China Molybdenum, giving the Chinese company a strong foothold in the country's rich copper and cobalt reserves. ... more
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French mistrustful of government in EU-US trade deal talks
Nearly two thirds of French people say they don't trust the government to defend the country's interests in negotiations on a vast new EU-US trade deal, a poll published Friday showed. ... more
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Protests build in Myanmar over flashpoint Chinese-backed mine
Hundreds of Myanmar villagers rallied Saturday against a controversial Chinese-backed copper mine, activists told AFP, reigniting a contentious issue that could pose an early challenge to Aung San Suu Kyi's new government. ... more
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Amazon steps up air game with new cargo deal
Online retail colossus Amazon on Thursday boosted its fledgling air cargo service as it moves to gain more independence from freight firms for delivery of online purchases. ... more
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Obama faces looming trade row with China
US President Barack Obama is facing a fresh trade row with Beijing that could inflame the 2016 election race and complicate his farewell visit to China in September. ... more
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TTIP: a proposed trade treaty in troubled waters
Will the ambitious Transatlantic Trade and Investment Partnership, the world's largest trade pact, ever see the light of day? ... more
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US-EU trade deal 'risks' emerge in leak
A massive US-EU trade deal would harm the environment and consumer safety, Greenpeace said Monday citing secret documents it leaked, as Brussels dismissed the release as a "storm in a teacup". ... more
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Greenpeace leaks US-EU trade papers, fears for consumers
Greenpeace charged Monday that a massive US-EU trade deal would place corporate interests above the environment and consumer safety, as it released classified documents from the negotiations. ... more
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Australian Craig Wright says he created Bitcoin
Australian entrepreneur Craig Wright on Monday identified himself as the creator of Bitcoin following years of speculation about who invented the pioneering digital currency. ... more
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Chinese ship set to be first through expanded Panama Canal
A Chinese-owned freighter will be the first vessel to pass through Panama's newly expanded canal, to be inaugurated with great pomp in June after nine years of work, officials said Friday. ... more
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US Steel files complaint against Chinese steel imports
US Steel Corporation filed a trade complaint Tuesday against big Chinese steel makers and distributors, seeking to bar allegedly unfairly traded Chinese products from the US market. ... more
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Panama Canal restricts ship depth due to drought
Officials running the Panama Canal on Monday started imposing restrictions on the depth of ships passing through because of lower water levels caused by a severe drought. ... more
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China defends ground in steel crisis talks
China firmly defended its efforts to address the steel crisis on Monday, rebutting accusations that its cheap exports were causing plant closures and job losses across the globe. ... more
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