Topic “China” — Exporter Magazine

According to the central bank’s latest report on the international financial market in 2010, banks made more than 500 billion yuan of cross-border RMB trade settlement in 2010, accounting for 2% of China’s total foreign trade value that year and about 48 times the amount in 2009. In 2010, China overtook Japan to become the world’s second-largest economy. It has set a target of 8% for GDP growth for this year. The country is also aiming to record average annual GDP growth of 7 % in each of the next five years. The price index, jointly published by the Ministry of Transport and the government of east China’s Zhejiang province, would mainly monitor the trading prices of second-hand ships, said Gong Yinjiao, president of major indexer – Zhejiang Shipping Exchange Market Co. The country also plans to build hydropower stations along major rivers such as the Jinsha River, Yalong River and Dadu River with an installed capacity of 120 million kw. More US businesses seek expansion in China to cash in on the expanding domestic market, rather than seeing China as only a processing and export hub, according to Xinhua News. Manufacturers are no longer allowed to produce the two food agents or use them in flour production beginning May 1, 2011. However, flour and related products containing the additives are allowed to be sold until the shelf life of such products expires. The WiFi hotspots will be initially installed in central business areas such as Yuyuan Garden, Yanzhong Park and People’s Square, and will be expanded to cover the whole urban area and some suburbs. With many importers switching from China (due to higher cost), Bangladesh has new destinations such as Japan, South Africa, Canada, Australia, New Zealand and some Latin American countries, the report said.