Search Results for: China

PAKISTAN’S textile industry is pinning high hopes on the country’s newly-sworn-in government of Prime Minister Imran Khan for the revival of the textile sector – fixing the financial damage it has suffered through dwindling exports.

In its manifesto, Khan’s victorious party Pakistan Tehreek-e-Insaf (PTI), raised the hopes of the business community – notably exporters – to put the Pakistan economy back on track by reviving the textile sector which contributes around 60% to the country’s total exports.…

CHINA’S State Tobacco Monopoly Administration (STMA) aims to between 2016 and 2020 double domestic sales of premium cigarettes whose retail prices exceed Chinese Yuan Renminbi CNY200/carton of 10 packs (USD29.10), or CNY20 per pack, (‘category one’ in Chinese language), compared to 2011-2015 sales.…

THE CHINESE cigarette manufacturing sector will be counting the cost of new duties imposed on its exports to the USA in the latest tit-for-tat tariff round imposed during the ongoing trade war between Beijing and Washington.

This follows the US Trade Representative (USTR) on September 18 confirming that America will be imposing additional 10% tariffs on a wide range of tobacco products, including leaf, from China.…

THE CHINESE government has directly targeted the American knitwear sector in the latest tit-for-tat response in the trade wars launched by US President Donald Trump. Beijing has highlighted knitted goods in a list of products that maybe subject to retaliatory tariffs, should the USA impose a threatened third list of duties on Chinese tech, drafted over alleged thefts of American IP.…

A SALES and Services Tax (SST), replacing Malaysia’s now abolished goods and services tax (GST), has come into force (from September 1), via the new Sales Tax Act 2018 and the Service Tax Act 2018. The SST is a single-stage tax, a sales and services tax imposed on manufacturers and service providers rather than end customers, as with the 6% GST.…

Cryptocurrencies have made a big splash across Asia, and governments have taken very different regulatory approaches to curb associated financial scams and money laundering.

While there is one group of countries that has banned the operation and use of cryptocurrencies entirely, including China, India and Vietnam, a second category spans countries that see cryptocurrencies as potentially boosting their own financial sectors.…

AMERICAN and Chinese automotive parts exporters could both suffer from the latest tit-for-tat round of protective duties imposed by their governments.

China exporters may have the most to lose if the US tariffs deter American purchases. The US Trade Representative (USTR) confirmed on September 18 that the US America will be imposing 10% tariffs on a wide range of products, also including personal care exports, from China.…

THE UNITED States Trade Representative (USTR) today branded the Global Forum on Steel Excess Capacity a failure, claiming its efforts have not delivered the production cuts that markets need to stabilise prices.

In a strongly worded statement released after a forum ministerial meeting was staged today (Sept 20) at the Organisation for Economic Cooperation & Development (OECD), in Paris, the USTR argued that the group’s results to date “leaves us questioning whether the Forum is capable of delivering on these objectives”. …

THE CHINESE government is poised to directly target the American non-ferrous metals and ore sector in the tit-for-tat trade wars launched by US President Donald Trump. Beijing has highlighted metals and ores in a list of products that maybe subject to retaliatory tariffs, should the USA impose a threatened third list of duties on Chinese tech, drafted over alleged thefts of American IP.…

A senior figure in the American cotton industry has told just-style of his concern that Turkey’s collapsing currency and trade disputes with the US government will cause it to import less US-made cotton.

The Turkish lira – TRY has dropped in value by 45% this year – indeed last September 12, USD1 bought TRY3.43, this September 11, it bought TRY6.43.…