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News About World Trade
March 24, 2017
China inks $4.6 billion deal for Australia mine project
Sydney (AFP) March 24, 2017
A state-owned Chinese construction giant Friday sealed a deal to build a Aus$6 billion (US$4.6 billion) mining infrastructure project to tap into resource-rich northwestern Australia. Sydney-based BBI Group (BBIG) said the agreement with the China State Construction Engineering Corporation (CSCEC) to develop the mine, port and rail project would create a new gateway to the Pilbara region for iron ore exporters. China - the world's biggest commodities consumer - is Australia's largest trading ... read more

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Morocco's Tangiers to host Chinese industrial city
Morocco and China's Haite Group signed an agreement on Monday to launch an industrial park near Tangiers for 200 Chinese companies that will create tens of thousands of jobs. ... more
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Unforeseen impacts of the fair trade movement
Fair trade certified coffee is the kind of phrase that sounds good on a Whole Foods shelf, the type of marketing that merges first world affluence with third world resource. For the average consumer ... more
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Labour drought in Europe's east as workers go west
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Merkel, Xi defend free trade ahead of G20 meet
German Chancellor Angela Merkel and Chinese President Xi Jinping Thursday stressed their commitment to free trade ahead of a G20 finance ministers' meeting set to be dominated by debate on protectionism. ... more
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G20 finance ministers to meet under America First shadow
Finance ministers from the world's top nations gather in Germany Friday as fears grow that US President Donald Trump could upend the global economic order with his America First policy. ... more
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Family of Trump son-in-law in $4 bn deal with Chinese company
A company owned by the family of President Donald Trump's son-in-law, Jared Kushner, is set to receive more than $400 million from a Chinese firm that is investing in its Manhattan office tower, Bloomberg reported Monday. ... more
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Ivanka Trump is exception to dad's 'Buy American' rule
In his January inauguration speech, US President Donald Trump made a seemingly straightforward pledge: "We will follow two simple rules: buy American and hire American." ... more
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Chinese premier warns US against 'trade war'
Chinese Premier Li Keqiang on Wednesday warned the United States against starting a trade war while expressing optimism that the world's two largest economies could keep relations steady despite Trump-era frictions. ... more
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China industrial output offers fresh sign of stability
China's industrial output growth held steady in January and February, official data showed Tuesday, providing further evidence of stability in the world's second-largest economy despite slower retail sales growth. ... more
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BlackRock to pressure companies on climate and diversity
The world's biggest fund manager BlackRock is urging large companies to be transparent about climate risks and increase boardroom diversity. ... more
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China says industrial policy not aimed at foreign firms
China on Saturday tried to downplay concerns it is reducing market access for foreign enterprises, days after a report by an EU group accused Beijing of trying to skew its business playing field towards domestic firms. ... more
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Silk Road evolved as 'grass-routes' movement
Nearly 5,000 years ago, long before the vast east-west trade routes of the Great Silk Road were traversed by Marco Polo, the foundations for these trans-Asian interaction networks were being carved ... more
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China warns of 'trade war' if WTO ignored
China warned Thursday that United States ignoring World Trade Organization rulings could trigger a "trade war" after President Donald Trump's administration said it was not bound by the body's decisions. ... more
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China producer prices jump 7.8% in February: govt
China's factory gate prices rose at the fastest pace in more than eight years in February, official data showed Thursday, fuelling hopes the country may export inflation to the global economy. ... more
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Baidu CEO defends state support of Chinese firms
State support for private firms is crucial in China's market, the head of the mainland's online search giant Baidu said Thursday, following complaints from European businesses that Beijing-backed firms are pushing out foreign competitors. ... more
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China imports surge almost 40% on-year in February
China's imports surged almost 40 percent last month, data showed Wednesday, fuelled by higher commodity prices and strong domestic demand, bolstering hopes that the world's number two economy is getting back on track. ... more
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Delivery startup Instacart bags new funding
Instacart on Wednesday announced it bagged $400 million in fresh funding to ramp up and improve its US-focused grocery delivery service. ... more
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Britain owes EU two billion euros after China import fraud: probe
Britain owes the European Union budget two billion euros after turning a blind eye to a major scam by Chinese importers, the EU's fraud office said on Wednesday. ... more
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EU group says China plan 'skews' high-tech field
Beijing's plans to use "staggering" subsidies to create national champions in high-tech industries would further skew China's business playing field and worsen trade frictions, a European lobby group warned Tuesday. ... more
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White House's Navarro: trade deficit threat to national security
The Trump administration's top trade advisor said Monday US trade deficits are a threat to national security that could cause the loss of American freedom and prosperity. ... more
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Navy, shiny leather and suits: the big Paris fashion week trends
Snazzy men's style suits, lots of shiny leather, hats galore and navy blue... Here are the big womenswear trends on the Paris catwalks as the autumn-winter shows end late Tuesday: ... more
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Alibaba's Jack Ma blames "outdated" law for fakes
Alibaba's founder Jack Ma urged stronger penalties for selling counterfeits Tuesday in an open letter arguing that "outdated and unrealistic" laws and regulations "encourage" selling and making of fake products. ... more
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China trims GDP target, citing severe challenges
Chinese Premier Li Keqiang warned Sunday the world's second-largest economy faces severe challenges, signalling a further deceleration as he announced a trimmed 2017 GDP growth target of "around 6.5 percent." ... more
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China counts over 100 billionaires among top Communist legislators
China counts more than 100 billionaires among its top legislators, with 209 of the richest holding wealth nearly equivalent to Belgium's annual GDP, according to a report released as the Communist Party's annual parliamentary session started Friday. ... more
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