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It is imperative for the Chinese government to pay close attention to inflation pressure in the future, Su told a one-day forum on Sino-Indian financial cooperation.

Globally, due to the continuous depreciation of the U.S. dollar and strong growth of some emerging economies, prices of energy, raw material and farm products have kept rising, which has pushed up inflation rates worldwide, he said.

Over the last year or so, China has been faced with mounting pressure on inflation.

China’s consumer price index, the main gauge of inflation, has risen from above three percent in March last year, to above 6 percent in August, and to 8.5 percent year-on-year last month, as a result of the robust national economy and domestic food price rises coupled with soaring international energy prices.

China, however, is still capable of warding off galloping inflation because the world’s fourth largest economy, which has enjoyed robust growth in the last few years, has a favorable fiscal situation and enterprises’ profitability has significantly improved, said the vice governor.

He said China’s macro-economic policies at present are primarily aimed to guard against a shift from structural price rises to evident inflation.

Regarding the fiscal policies, Su said it is necessary to maintain stability and continuity. As to the monetary policies, he noted that the main task is to create a favorable environment for curbing inflation.

Earlier on Monday, the PBOC announced that it would raise the reserve requirement ratio for commercial banks by half a percentage point to curb excess liquidity and ease inflation.

This will be the fourth such move this year, and it will lift the country’s reserve requirement ratio to a new high of 16.5 percent as of May 20.

“The rise is aimed at strengthening liquidity management in the banking system and steering reasonable growth in bank credit,” the central bank said in a statement.

The PBOC raised the reserve requirement ratio on Jan. 25, March 25 and April 25, respectively, on top of 10 such moves in 2007. It also raised interest rates six times last year.

The new tightening measure was unveiled on the same day as the National Bureau of Statistics said the country’s inflation rate hit 8.5 percent in April, up from 8.3 percent in March and only slightly lower than the nearly 12-year high of 8.7 percent in February.

Posted under China Current Events

Inflatable product

Billy King (Shenzhen) Co., Ltd CPVC inflatable manufacturer has more than 30 years of experienced. The company was established in Taiwan in 1978. Later a second location was built in Shenzhen, China in 1994, specialized in producing custom design PVC inflatable products for both outdoor (beach leisure) and indoor (inflatable chairs) uses. The company has complete facilities for making film, print screens, printing, welding to finish products and guarantees to conduct a 24 hours inflatable testing. The company occupies an area of 27,168 square meters that includes 12,000 square meters production area and other areas for office, staff dormitories and a warehouse. Further facts and figures about the company are provided below:

Total number of employees: 500 to 600 people
Company capital: US$2,000,000
Total annual sales: US$ 6,000,000 to 8,000,000
Number of Research and Development staffs: 8 to 10 people
Number of Quantity Control staffs: 40 to 45

Billy King Ltd. has been awarded a certificate in recognition of the organizations Quality System which complies with ISO 9001: 2000. This certification has been awarded due to the fact that they have developed a clear-cut Quantity Control procedure to ensure a smooth workflow and accurate response to customer requirements.

Posted under Manufacturer Directory

Posted under Manufacturer Directory

The recovery in the global economy will also come slower than a previous projection put forward by the IMF six months ago, said Olaf Unteroberdoerster, IMF’s resident representative in the Hong Kong Special Administrative Region (HKSAR).

“The outlook for the global economy today is much worse than it was a year ago,” he said at a luncheon at the Hong Kong General Chamber of Commerce.

Unteroberdoerster said the world economic growth would be below3 percent in 2008 and did not rule out a global repression.

The world economy averaged a growth of 4.9 percent in 2007, down 0.1 percentage points from the previous year and the IMF has projected a growth of 3.7 percent in its forecasts announced in mid-April. China had a growth of 11.4 percent in 2007.

Unteroberdoerster said the advanced economies, such as the United States and the European Union, were most affected by the current financial turbulence.

“If you look at the housing sector in the United States, it is obvious that there is no signs of a recovery yet,” he said, adding that the influence of the financial turbulence may well be carried into 2009 and thereby slow down the year’s growth.

But the emerging economies remained the most dynamic as they expected a growth that would be slower in 2008 but still above the trend growth over the last decade, he said.

Unteroberdoerster said the advanced economies and the emerging economics have diverged over the recent years but not de-coupled. The advanced economies experienced a slowdown since 1970 while the emerging economies has been picking up momentum after their growth slowed down to about the same level as the advanced ones around 1990.

China, which has had a rising exposure to demand from the United States and the EU over the past decades, will grow at just above 9 percent in 2008. India, less exposed to demand from the advanced economies, will be less affected by the slowdown, he said.

“Asia’s financial exposure to the United States has also risen. As a result, growth has become more synchronized, as has financial market performance,” he said.

Unteroberdoerster said the risks were still tilted to the downside, mainly because the end of the housing market downturn in the United States did not seem near and the inflation pressures across the world economies were raising concerns.

Posted under Trade News

The Electricity Vietnam (EVN), the country’s biggest electricity producer and sole distributor, will have to pay 4.5 U.S. cents for each imported kWh of electricity, and resell it to local consumers with price of 5.6-11 cents, said EVN deputy general director Nguyen Manh Hung.

The state-owned EVN, which bought 2.67 billion KWh of electricity from China’s Yunnan province in 2007, is building 45 power plants with total capacity of 14,589 MW. The plants, mostly thermoelectric ones, are expected to come into operation in 2010.

The EVN is expected to increase its output by around 15 percent this year, while local demand is estimated to rise by 17-18 percent. In some provinces, the electricity demand increased 40 percent in the first quarter of this year.

Posted under China Business Directory

1 ALIBABA http://www.alibaba.com
2 EC EUROPE http://www.eceurope.com/
3 POSTRADE http://www.postrade.com
4 TRADEPRINCE http://www.tradeprince.com/
5 EC PLAZA http://www.ecplaza.org/
6 ECROBOT.COM http://www.ecrobot.com
7 WORLDBIZCLUB http://www.wbc.com/
8 WORLD BID http://www.worldbid.com/
9 TRADE UK http://tradeuk.brightstation.com/
10 FOREIGN-TRADE http://www.foreign-trade.com/
11 BUSY TRADE http://www.busytrade.com/
12 30TRADE http://www.30trade.com
13 BS-OFFICE100 http://www.bs-office100.com
14 NETTRADE 21 http://www.nettrade21.net/
15 NUDEAL http://www.nudeal.com/welcome/
16 FREE TRADE FRONT http://www.freetradefront.com/
17 BPGTO NETVIGATOR http://bpgto.netvigator.com/
18 GO 4 WORLD BUSINESS http://www.go4worldbusiness.com
19 TRADELEAD http://www.tradelead.com/
20 EXTREM http://www.extrem.ro/msg.htm
21 EUROTRADELEADS http://www.eurotradeleads.com
22 ASIA TRADE http://www.asiatrade.com/
23 EXPORT http://www.export.com
24 BIDMIX http://www.bidmix.com
25 BIG EXPORT http://www.bigex.com
26 INTL-TRADE http://www.intl-trade.com/l
27 BEST CLEARANCE http://www.bestclearance.com
28 FIND OFFER http://www.findoffer.com/
29 eurotradeport http://www.eurotradeport.com/
30 SWISSS INFO http://www.swissinfo.com
31 WORLD TRADE AA http://www.worldtradeaa.net/
32 CASANET http://www.casanet.net.ma/businessIntl.asp
33 90TRADE http://www.90trade.com
34 importersarea http://www.importersarea.com/
35 GOLDEN TRADE http://www.golden-trade.com
36 EXTRADE http://www.extrade.net/
37 BIZ-CHANNEL http://www.biz-channel.com/
38 TRADEZONE http://www.trade-zone.net/
39 57TRADE http://www.57trade.com/
40 IMPORT TRADE BOARD http://www.itradeboard.com/
41 ASIANNET http://www.asiannet.com/infocenter/
42 CHINA VISTA http://www.chinavista.com/
43 TRADE SEARCH http://search.tradeprince.com
44 WORLD TRADE AA http://www.worldtradeaa.com/
45 SINOSOURCE http://www.sinosource.com/
46 exportersarea http://www.exportersarea.com/
47 B2B-CHINA http://www.b2b-china.org/
48 DREAMMART http://www.dreammart.com/
49 BIZ365 http://www.biz365.org/
50 HUB DEAL http://www.hubdeal.com
51 TRADE-BOARD http://www.trade-board.com/
52 SUMATERA-INC http://www.sumatera-inc.com/
53 europetradearea http://www.europetradearea.com/
54 KM25 http://www.km25.com/offer/f_total.html
55 GLOBALTRADEWEB http://www.globaltradeweb.com/
56 wdexporters http://www.wdexporters.com/
57 TRADE OFFER http://www.tradeoffer.com/
58 wdimporters http://www.wdimporters.com/
59 GBOT http://www.gbot.net
60 E-WORLDTRADE http://www.e-worldtrade.com/
61 EURO TRADE http://www.eurotradeleads.com
62 IMPORT LEADS http://www.importleads.com/
63 86TRADE http://www.86trade.org/
64 MERCOSUR http://www.mercosurb2b.com
65 WORLD CHAMBERS http://www.worldchambers.com/
66 WTCA http://iserve.wtca.org/tradeops/
67 AFACERI ONLINE http://www.afacerionline.com/
68 tradeusd http://www.tradeusd.com/
69 SHA14 http://www.sha14.com
70 tradewebsites http://www.tradewebsites.net/
71 E-TRADER http://www.e-trader.com
72 IBNET http://www.ibnet.com/home/splash.htm
73 ASIA BUSINESS http://www.asia-business.com
74 BUYSELLEX http://buysellex.com/nonmember_index.asp
75 FITA http://www.fita.com/
76 MEDITERRANEAN TRADE BOARD http://www.eidinet.com/
77 usimporters http://www.usimporters.us/
78 PREMIERBC http://www.premierbc.com
79 TURKISH FOREIGN TRADE http://www.turkishforeigntrade.com/
80 TRADEPRINE-CHINA http://china.tradeprince.com
81 B2G PLACE http://www.b2gplace.com
82 YESCO LTD http://www.yescoltd.com
83 WTDB http://www.wtdb.com/tradecenter/tradeopp.htm
84 IMPORT NEWS USA http://www.importnewsusa.com/
85 3ctrade http://www.3ctrade.com
86 YEBOSS http://www.yeboss.com
87 IMPEXTRADE http://www.impextrade.com/
88 NET GLOBAL TRADE http://www.netglobaltrade.com
89 TRADE MAMA http://www.trademama.com
90 CLICKIT http://www.clickit.com/touch/connect.htm
91 SSR HOLLAND http://www.ssrholland.com
92 ASIAN VENDORS http://www.asianvendors.com
93 086-114.com http://www.086-114.com
94 OWENS http://www.owens.com
95 GLOBALTRADEVILLAGE http://www.cometotrade.com/
96 WTN-DE http://www.wtn-de.com/
97 LINK8848 http://www.link8848.com
98 GO4WORLDBUSINESS http://www.go4worldbusiness.com/
99 TRADE INFO http://www.trade-info.org/
100 TRADEHOME http://www.tradehome.org/

Posted under B2B Web Directory

Sources with the General Administration of Customs said on Friday that the January-February trade volume between the two sides of the Taiwan Straits amounted to 20.5 billion U.S. dollars, a growth of 23.8 percent on the same period of last year. The growth rate was 8.4 percentage points higher than the year-earlier level.

The total included 3.6 billion U.S. dollars in export value by the mainland, up 12 percent, and 16.93 billion dollars in import value, up 26.6 percent. The mainland’s trade deficit went up 31.2 percent to 13.33 billion U.S. dollars.

Companies with investment from outside the Chinese mainland, particularly those with investment from Taiwan, accounted for 75.9percent, or 15.59 billion U.S. dollars, of the mainland’s total trade volume with Taiwan, up 20.2 percent.

Machinery and electronics made up 66.2 percent, or 13.58 billion U.S. dollars, of the total bilateral trade, up 20.9 percent. The growth rate was 11.8 percentage points higher.

Besides the traditional trade participants — the Pearl River Delta and the Yangtze River Delta, central and western regions of the mainland recorded 380 million U.S. dollars and 280 million dollars, respectively, in trade with Taiwan, up 51.9 percent and 45.4 percent.

Posted under Trade News

From January to February, China imported 62,000 motor vehicles for 2.26 billion U.S. dollars, up 82.6 percent and 93.4 percent, respectively, on the same period of last year. The growth rates were 63.9 percentage points and 80.8 percentage points higher, respectively.

In February alone, the imports were 33,000 vehicles, up 130 percent, the highest growth rate since January 2007.

Foreign-funded companies accounted for 67.4 percent, or 42,000 vehicles, of the country’s total imports in the first two months, up 70 percent. Among them, wholly-owned foreign firms imported 35,000 vehicles, up 96.5 percent. Their share in arrivals nationwide went up to 56.8 percent from 52.8 percent a year earlier.

Off-road vehicles made up for 50 percent, or 31,000 units, of the total imports, up 140 percent, while cars accounted for 39.6 percent, or 25,000 units, up 45.6 percent.

Japan surpassed the European Union to become the biggest supplier of motor vehicles to China, with a sales volume of 24,000vehicles, up 130 percent. The EU exported 21,000 vehicles to China, up 59.3 percent.

Posted under China Business Directory