Topic “China” — Exporter Magazine

Countries from India and Indonesia to Russia are tightening their grip on natural resources as they limit exports to build up domestic industry in a trend that will spawn many challenges to World Trade Organization (WTO) rules, according to China Daily. A record surge in trade between Asia and Africa to as much as USD$1.5 trillion by 2020 is prompting companies including AP Moeller-Maersk A/S and Deutsche Post AG (DPW) to expand shipping links between the continents, according to Bloomberg. FedEx Express has opened its largest station in Shanghai which is one of the fastest growing economies in China, totalling US$207.89 billion in imports and exports, up 21% year on year, according to the Shipping Gazette. Coca Cola Co in mid August announced plans to invest USD$4 billion in China as food brands scramble to expand in its fast-growing consumer market, according to The Globe and Mail. China plans to expand its installed generation capacity of biomass power to 13 million kilowatts by the end of 2015, according to ChinaDaily.com.