China asean trade 2017

Product quarantine Nguyen Thi Thu Huong, Deputy Director of the Ministry of Agriculture and Rural Development’s (MARD) Plant Protection Department said China’s General Administration of Customs (GACC) had approved imports of Vietnamese passion fruit through seven border crossings in China’s Guangxi Province, including Huu Nghi Quan, Po Chai, Pingxiang Railway Station, Pingxiang, Dongxing, Long Bang, and Shuikou. A series of activities have been planned to promote the speedy export of passion fruit to China The two sides will assess the results of the pilot project and decide whether to sign an official protocol on plant quarantine for Vietnamese passion fruit imported into China, contributing to the development of trade between the two countries. About 6,000 hectares of passion fruit are being grown in Vietnam’s 46 cities and provinces, providing an annual output of more than 111,000 tonnes, with an average yield of 22.67 tonnes per hectare. The cultivation area … [Read more...] about Vietnam pilots passion fruit exports to China

Beijing, which claims Taiwan as its own territory, has conducted military drills around the island after U.S. House of Representatives Speaker Nancy Pelosi's visit to Taipei in early August. China has long claimed sovereignty over the island. Taiwan's government rejects China's claims and says the island's people should decide its future. The de facto U.S. embassy in Taipei said the delegation is being led by Senator Ed Markey, who is being accompanied by four House lawmakers on what it described as part of a larger visit to the Indo-Pacific region. Taiwan's presidential office said the group would meet Tsai on Monday morning. "Especially at a time when China is raising tensions in the Taiwan Strait and the region with military exercises, Markey leading a delegation to visit Taiwan once again demonstrates the United States Congress' firm support for Taiwan," it said in a statement. Markey chairs the Senate Foreign Relations East Asia, Pacific, and International Cybersecurity … [Read more...] about US lawmakers arrive in Taiwan as China tensions simmer

Economists and analysts said they believe Chinese authorities are keen to support the sluggish economy by allowing a widening policy divergence with other major economies that are raising interest rates aggressively. The People's Bank of China (PBOC) said it was lowering the rate on 400 billion yuan ($59.33 billion) of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points (bps) to 2.75%, from 2.85%. In a poll of 32 market watchers last week, all respondents had forecast the MLF rate would be left unchanged and 29 had predicted there would be a partial rollover. "The rate cut surprises us," said Xing Zhaopeng, senior China strategist at ANZ. "It should be a response to the weak credit data on Friday. The government remains cautious about growth and will not let go." New bank lending in China tumbled more than expected in July while broad credit growth slowed, as fresh Covid flare-ups, worries about jobs and a deepening property … [Read more...] about China unexpectedly cuts 2 key rates, withdraws cash from banking system

Vietnam Medi Pharm Expo 2018 is expected to attract about 350 domestic and foreign exhibitors in August (Photo: VNA) Hanoi (VNA) – About 350 domestic and foreign exhibitors will gather at the Saigon Exhibition and Conference Centre (SECC) in Ho Chi Minh City for the 18th Vietnam International Hospital, Medical and Pharmaceutical Exhibition (Vietnam Medi Pharm Expo 2018) from August 2-4. The number of foreign exhibitors increased annually over the past 3 years, particularly those from Germany, Japan, the Republic of Korea, Singapore, India, and Malaysia, said Nguyen Khac Luan, general director of Vinexad , organiser of the event. Products on display at the expo will be medical equipment and equipment in the pharmaceutical and beauty industries, natural medicines and supplementary foods. Along with trading activities among the enterprises, the three-day exhibition will also feature seminars “Introduction to Vietnam’s Pharmacy and Medicine Market” and “Local Medical … [Read more...] about Vietnam Medi Pharm Expo to return to HCM City in August

Kuala Lumpur capital of Malaysia (Illustrative photo: themalaysianreserve) Kuala Lumpur (VNA) – Malaysia recorded 836.2 billion RM (over 188.1 billion USD) in foreign direct investment (FDI) at the end of the second quarter, up 24.1 billion RM from Q1, according to the Department of Statistics Malaysia. The manufacturing sector remained the largest recipient with a value of 360 billion RM or 43.1%, followed by financial activities 189.8 billion RM (22.7%) and wholesale and retail trade 53 billion RM (6.3%). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the FDI sources were largely from Asia, which amounted to 431.1 billion RM or 51.6%, mainly from Singapore and Hong Kong (China), followed by Europe and the Americas. Singapore was still the biggest source of FDI, with an accumulated 174.1 billion RM (20.8%), followed by Hong Kong with 91.1 billion RM (10.9%), the United States 90 billion RM (10.8%) and Japan 84.2 billion RM (10.3%). Meanwhile, … [Read more...] about FDI flows into Malaysia top 188 billion USD in Q2

Illustrative photo (Photo: VNA) Hanoi (VNA) – The Vietnam International Medical and Pharmaceutical Exhibition ( Vietnam Medi-Pharm 2019 ) will return in Hanoi in its 26th edition from May 8-11. At a press conference held in Hanoi on May 2, Head of the Ministry of Health’s Department of Communications, Emulation and Reward Nguyen Dinh Anh said that the event, held by the Vietnam Medical Products Import-Export JSC in collaboration with the Vietnam Advertisement and Fair Exhibition JSC, will draw the participation of 450 companies from Belgium, China, the Czech Republic, Germany, Japan, the Republic of Korea, the US, and Vietnam, among others. On the display at 550 booths will be pharmaceutical products, food supplements, pharmaceutical processing, manufacturing and packaging equipment, lab equipment, and healthcare services. Besides, various events will be held within the framework of the exhibition, including a national scientific conference on preventive medicine … [Read more...] about Vietnam Medi-Pharm expo to return Hanoi on May 8-11