Energy News  
TRADE WARS
China's Christmas-related exports take heavy hit: state media

The overall value of Chinese exports slipped 2.2 percent in November, marking the first year-on-year drop since June 2001, the government said last week.
by Staff Writers
 Beijing (AFP) Dec 18, 2008
 China's peak period for exporting Christmas presents has taken a heavy hit this year amid the global economic crisis, with growth in the industry down nearly 40 percent, state press reported Thursday.

China exported 1.28 billion dollars of Christmas-related products from July to October, up 3.6 percent over the same period in 2007, but the growth was down 38.9 percentage points year-on-year, Xinhua news agency said.

The four month period has traditionally been the peak period for exports of Chinese-made Christmas products, the report said.

From January to October, Christmas-related exports totalled 1.64 billion dollars, up 8.3 percent year-on-year, but down 32 percentage points from the same period in 2007, it said, citing the customs administration.

The report did not detail what exactly constitutes a "Christmas-related export," so it was not clear if electronics, clothes, toys, or other products that could be given as Christmas presents were included in the figures.

The United States and the European Union continued to be the major markets for China's Christmas exports with the two regions accounting for 77 percent of such products during the first 10 months of the year, it said.

The overall value of Chinese exports slipped 2.2 percent in November, marking the first year-on-year drop since June 2001, the government said last week.

Despite the slowdown, China's trade surplus is likely to hit another record in 2008, the nation's economic planning agency said on Wednesday.

"We expect... the full-year trade surplus to exceed 280 billion dollars, an increase of 18 billion dollars from 2007," the National Development and Reform Commission said in a statement on its website.

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
 Global Trade News


Memory Foam Mattress Review
SPACE MEDIA NETWORK PROMOTIONS
 Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
Mattel to pay out 12 mln dollars over Chinese-made toxic toys
 New York (AFP) Dec 15, 2008
 US toy giant Mattel is to pay 12 million dollars to US authorities over last year's recall of two million Chinese-made toxic toys, US officials said Monday.






ENERGY TECH
  • Analysis: Nigerian oil reserves drying up?
  • China to cut fuel prices from Friday: government
  • Obesity increases gasoline consumption
  • Angola president signs agreements with China

    • CIVIL NUCLEAR
  • France's EDF to buy Constellation nuclear assets for 4.5 bln
  • French nuclear firm Areva says it will deliver uranium to India
  • Slovakia picks Czech CEZ as partner for nuke project
  • Norway's central bank wants to delay vote on Buffet's bid for Constellation

    • BLUE SKY
  • Greenhouse gas emissions study released
  • Research Into Fair-Weather Clouds Important In Climate Predictions
  • ESA Tests Laser To Measure Atmospheric Carbon Dioxide
  • Asia not responsible for 'brown haze': India

    • WOOD PILE
  • Real Christmas trees 'greener' than fakes
  • Ghana's 'miracle': logging underwater forests for exotic timber
  • Thwarting Efforts To Use Carbon Markets To Halt Deforestation
  • Climate change putting forests at risk

    • FARM NEWS
  • Purdue Study Suggests Warmer Temperatures Could Lead To A Boom In Corn Pests
  • Salt Water Irrigation: Study Shows It Works
  • Research The Key To Long-Term Gains For A Smarter Economy
  • Agriculture Out Of The CPRS But Not Out Of The Woods

    • CAR TECH
  • US firms join forces to build lithium ion batteries for cars
  • Timing is perfect, but money woes plague electric car maker Think
  • Honda sets up hybrid battery venture despite slump
  • Troubled automaker GM opens new plant in China

    • AEROSPACE
  • Britain's environment minister concerned by Heathrow plan
  • Climate protesters cause chaos at British airport
  • Thompson Files: Protect U.S. aerospace
  • NASA studies pilot cognition

    • NUCLEAR SPACE
  • Nuclear Power In Space - Part 2
  • Nuclear Power In Space
  • Outside View: Nuclear future in space

    • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement