- 7 Sep 2010:China's deputy trade envoy, Chong Quan, rejected complaints that Beijing intentionally boosts its trade surplus by promoting exports while holding down imports. Speaking at a trade forum, Chong repeated promises to boost imports of resources and high-tech equipment and to ease costs for importers but announced no new initiatives.
- 1 Sep 2010:Many high-technology companies have run afoul of the US' Export Control System, which regulates the overseas sales of items that can be put to use for military or intelligence-gathering purposes.
- 31 Aug 2010:But analysts called the measures too timid in the face of the problems plaguing Japan's export-oriented economy.
- 18 Aug 2010:Now it's official. Taiwan's legislature on late Tuesday night approved the Economic Cooperation Framework Agreement, the landmark trade deal between China and Taiwan.
- 11 Aug 2010:The trade surplus for July 2010 grew to US$28.7 billion, well ahead of the US$20bn recorded in June and significantly more than analysts' forecasts. The data reflected a continued strong increase in exports, but the pace of growth in imports slowed sharply.
- 30 Jul 2010:The greenback fell as much as 0.83% against the Japanese yen to 84.73 yen on August 11, before paring back some of those losses to trade around 85.37 yen.
- 12 Jul 2010:There have been a number of positive developments regarding wage growth and government stimulus that will help move China forward towards a more consumption-oriented economy. But keep in mind that China is a save-first economy, so 20-25% wage inflation doesn't instantly equal 20-25% more consumer spending.
- 28 Jun 2010:China has come under increasing international pressure to allow the yuan to appreciate. The US in particular has argued that the weak yuan gives Chinese exporters an unfair competitive advantage.
- But the opposition certainly has reason to be suspicious. While Taiwanese negotiators did not get everything they asked for - PVC and polyethylene, important Taiwanese exports, were left out after months of wrangling.
- 24 Jun 2010:Exporters have eyed Europe cautiously, with the safe-haven yen soaring in recent months on European debt worries, which if sustained will dent exporters' repatriated profits and make their goods more expensive overseas.
- 22 Jun 2010:But analysts said China would still limit the appreciation so as not to damage its export-led economy.
- 21 Jun 2010:Chinese authorities announced plans on June 19 to make the exchange rate more flexible, while ruling out a large, one-off move in the exchange rate.
- 8 Jun 2010:The euro kept falling against the dollar on June 7, after plummeting below US$1.20 and posting fresh four-year lows late last week.
- 4 Jun 2010:Questions have been raised about whether exporters will have to transform their modus operandi, which for years was predicated on a seemingly endless supply of cheap labour.
- 26 May 2010:Pyongyang hits back at Seoul by severing all ties with its neighbour (May 26) - The Financial Times (via MSNBC)North Korea's ban on all ties could also bar South Korean aircraft from North Korean airspace, adding fuel cost and time to many international flights. Tensions on the peninsula are hitting the currency and stock markets of Asia's fourth-biggest economy.
- 25 May 2010:South Korea's won fell the most in more than a year and the nation's stocks slumped following a report by a defector group that North Korean leader Kim Jong Il ordered the military to prepare for conflict.
- 12 May 2010:The eurozone managed only modest economic growth in the first quarter of 2010, with Germany's performance, held back by the bitter winter, failing to kick-start a broader recovery in the 16-country region.
- 3 May 2010:Chinese authorities may announce a currency policy change before the second US-China Strategic and Economic Dialogue in May.
- 30 Apr 2010:Anhui Jianghuai Automobile and Changan Automobile aim to poach the talent nurtured by Japan's top automakers.
- 23 Apr 2010:Monthly Japanese shipments held steady in March 2010 in a sign that global demand, particularly from Asia, is still expanding, lending support to the country's export-dependent economy.
- 16 Apr 2010:In an interview with AFP, Taiwan president Ma Ying-jeou said the framework agreement was just a first step, but that he was confident it would lead to deeper trade agreements with China and continue to lower tensions between the former enemies.
- 26 Mar 2010:Taiwan's central bank has said its easy monetary policy is over after it left key rates unchanged for the fifth consecutive quarter to support the island's still-fragile economic recovery.
- 24 Mar 2010:Japan's exports in February jumped 45.3% from a year earlier, fueled by robust global demand for cars and electronics, according to the finance ministry.
- 10 Mar 2010:China's exports jumped by 46% in February compared with a year ago, raising hopes of a strong recovery in global trade.
- 5 Mar 2010:Many of the nation's top retail chains reported much stronger-than-expected February sales Thursday, furthering hopes that U.S. consumers are starting to loosen their purse strings.
- 2 Mar 2010:Japan's unemployment rate fell below 5% for the first time in a year in January 2010, as strong exports fed into a strengthening economic recovery.
- 1 Mar 2010:Prices on futures of the metal traded on the London Metal Exchange (LME) touched US$7,600 a tonne, the highest since 20 January. Officials in Chile - the world's biggest copper miner - have promised to honour its export commitments.
- 24 Feb 2010:Japan enjoyed its biggest on-year increase in exports in almost 30 years last month. The value of exports rose 40.9% in January 2010 from a year earlier, the fastest pace since February 1980.
- 23 Feb 2010:Putting all this into long-term perspective, the current problem offers a glimpse of the likely more massive labor shortage issue that China is set to face in the next few decades as its single-child policy keeps accelerating the aging of its still-enormous population.
- 22 Feb 2010:Brian Hicks, who co-manages the Global Resources Fund at US Global Investors, said reports continue to show demand for copper, particularly in China, remains high. China is one of the largest importers of copper.
- 20 Feb 2010:The share of exports of the Big Five of 1999 fell to 34% in 2009. That loss of nine percentage points was matched by a similar gain for China, India and South Korea, with most of the gain going to China.
- The emergence of the world economy from the worst slump since World War II spurred businesses in Taiwan, where exports equal half of GDP, to boost production and hire more workers.
- 12 Feb 2010:German exports in 2009 were equivalent to US$1,121.3 billion which compared with the US$1,201.7 billion exported by China. China's goods exports also suffered badly last year, falling by 16% over the course of the year, the first time they had declined since 1978.
- 9 Feb 2010:"Foreign firms have expressed a willingness to increase investment or make new investments in Taiwan" once the island signs the Economic Cooperation Framework Agreement with China to remove bilateral tariffs, Ma told reporters at a news briefing to promote the pact. He didn't make any forecasts about the potential value of such investments.
- 29 Jan 2010:Meeting that goal would require the president to engage in a fight to the death with the liberal wing of his own party, persuade China to allow its currency to appreciate 40%, get global economic growth to outperform the salad days from 2003 to 2007, and lower taxes for American companies that do business abroad. And, while he is at it, forget about strengthening the dollar in the foreseeable future.
- 27 Jan 2010:Japan's exports grew for the first time in 15 months in December 2009, according to the finance ministry. Its exports to China expanded 42.8% to 1.1 trillion yen in the month.
- 21 Jan 2010:China has said its economy expanded by 8.7% in 2009, exceeding even the government's own initial expectations.
- 12 Jan 2010:"China's exports largely consist of low-value everyday goods like cheap electrical appliances and textiles - but that's a long way from where it wants to be..."
- 8 Jan 2010:China's exports probably ended a 13-month slide in December, aiding an economic rebound that has so far depended on government stimulus measures and a credit-fueled building boom.
- 6 Jan 2010:China exported US$957 billion of goods in the first 10 months of 2009, compared with US$917 billion for Germany, according to customs data compiled by Global Trade Information Services.
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