Topic “China” — Exporter Magazine

According to Winnipegfreepress.com, Canadian politicians and trade envoys, including Canadian Agriculture Minister Gerry Ritz, are beating a path to China’s doors with a view to sell more agricultural products into the Chinese market. New Zealand sold dairy goods to 151 countries last year, but China was the biggest customer by far, paying out $1.33 billion, the report says, citing NZ Ministry of Agriculture and Forestry (MAF). Foxconn Technology Group, which supplies Sony, Apple and Nokia with IT components, is moving part of its major plant away from costly Shenzhen after hefty wage increases at its factories in the southern city, affecting hundreds of thousands of workers, according to ChinaDaily.com. Exporters with interest in the Hong Kong market needing information about the recently signed Closer Economic Partnership Agreement between New Zealand and Hong Kong can attend information seminars held across three cities in mid June. The US has set final anti-dumping duties of 136.76 to 145.18% on the steel product to offset below-market pricing, according to a PeopleDaily online report which quotes China’s Xinhua news agency. Despite the financial crisis in 2009, the Chinese appetite for luxury goods remains high. While luxury goods sales in Europe, Japan and the United States declined, sales in China rose more than 30%.