Regulations of China (Shanghai) Pilot Free Trade Zone released

It has been almost one year now since the Free Trade Zone (FTZ) has been launched.  During this time, a number of regulations have been issued by various authorities, such as the Ministry of Finance, the General Administration of Customs, the Ministry of Transport, People’s Bank of China, etc.

Important Reform of Foreign Exchange Administration System for Trade in Goods

On Dec 01, 2011 China rolled out a pilot reform of its foreign exchange control system for international trade in goods in pilot regions including Jiangsu, Shandong, Hubei, Zhejiang (excluding Ningbo), Fujian (excluding Xiamen), Dalian, and Qingdao. 

ASEAN-China trade rises in first half of 2011

--Total volume sees year-on-year increase over 25%--

Trade between China and ASEAN member countries totaled 171.1 billion dollars in the first half of 2011.  Compared with the respective period in 2010, this represented an increase of 25.4%, according to statistics from China Customs.

Obama calls for Yuan appreciation

-- Despite recent steps, U.S. believes Chinese currency still undervalued --

Chinese imports and currency reserves rise ahead of Hu's US visit.

China's foreign exchange reserves rose 18.7 percent last year from the previous year to hit a record $2.85 trillion, above the PRC government's target for 2010 and exceeding the expectation of many economists, reports Bloomberg.

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