Topic “In the News News” — Exporter Magazine

London’s Moore Stephen accounting firm says confidence in the ocean shipping business prospects has hit its lowest level in two years after declining a fourth consecutive quarter (ending in May), according to the Shipping Gazette. A cargo train laden with the products of some of China’s most advanced factories has begun an epic journey west from the gargantuan city of Chongqing – marking the official opening of a trade corridor designed by the Chinese Government to reroute the flow of global commerce, according to The Australian. Australia’s two-way trade with China topped Aus$100 billion ($US105.64 billion) for the first time last year, data showed Wednesday, with surging coal and iron ore exports boosting national coffers. China maintains a rapid and healthy economic growth, as its 2010 gross domestic product grew 10.3% over a year ago, putting China’s economy over Japan’s, according to People’s Daily. Tru-Test Group, New Zealand’s world leading manufacturer of electric fencing systems, milk metering and animal weighing systems is investing heavily in Brazil in the next step on its international growth path.