Topic “China” — Exporter Magazine

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. 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. Tianjin is joining a number of coastal cities, including Shanghai and Shenzhen, that have announced their plans to set up the country’s next tax-rebate zone. That’s after the tropical Hainan Island was given the green light to provide tax-refunds on products in April, according to ChinaDaily.com. With $79 billion of yuan deposits as of April 30, Hong Kong is the largest repository for China’s currency outside of the mainland, and the only place the yuan is commonly used or traded that is free from Beijing’s strict capital controls. China has placed a ban on the production of baby bottles made of polycarbonate or containing Bisphenol A (BPA) from June 1, according to ChinaDaily.com. Power shutdowns reached serious levels in some regions from January to April this year, and some power generation capacity has been shut down because of coal shortages, the report said, citing Tan Rongyao, supervisor of the State Electricity Regulatory Commission. China, the world’s largest Internet market by users, represents an attractive frontier for Facebook. Zuckerberg visited the country in December and met with the heads of several Chinese Internet companies, including Baidu Inc, Sina Corp and Alibaba Corp.