China
China’s trade surplus raises at 11.43 bln USD
China’s trade surplus rose to 11.43 billion U.S. dollars in April this year, according to figures released Tuesday by the General Administration of Customs (GAC). The country reported a small trade surplus of 140 million dollars in March, on the basis of a deficit of 7.3 billion U.S
China’s trade surplus rose to 11.43 billion U.S. dollars in April this year, according to figures released Tuesday by the General Administration of Customs (GAC).
The country reported a small trade surplus of 140 million dollars in March, on the basis of a deficit of 7.3 billion U.S. dollars in February — the country’s first since March 2010.
China’s exports increased 29.9 percent in April from a year earlier to 155.69 billion U.S. dollars, while imports rose 21.8 percent year on year to reach 144.26 billion U.S. dollars, the GAC said.
Last month, the growth rate of exports was 5.9 percentage points down from March while that of imports was 5.5 percentage points lower month on month.
In April, the total value of imports and exports increased 25.9 percent year on year to 299.95 billion dollars, it said. &$
&$Source: Xinhua&$&$
&$
China
RCEP and China: Reimagining the future of trade in Asia
The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.
(more…)China
Thailand ready to ink big Chinese-backed trade deal
The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.
(more…)Business
Great Wall Motor (China) takes over GM factory in Thailand
The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.
(more…)-
Forex7 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National3 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Banking5 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?
-
Economics4 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020