Wholesale Imports Growing In Online Popularity

From ReveNews > Worldwide Brands Inc:

Wholesale Imports Growing In Online Popularity

Wholesale imports – especially from China – are growing in the awareness of online sellers. With their incredibly low (by US standards) wages, Asian imports are an mouth watering bargain for Internet sellers.

Plus, importing is 'fraught with peril'. China, for instance, doesn't have the kinds of protective laws that western resellers are used to, meaning that once you've paid for your merchandise, you're stuck. If it's not what you ordered or wanted ... tough.

Fortunately, demand for imported goods is so strong – and Asian countries are so delighted to have our business – that there are more and more opportunities to safely acquire wholesale Asian imports. Worldwide Brands partner Robin Cowie is soon embarking for China and their company will begin importing large quantities of goodies for resale for their customers. Clearly, this is a business that is coming of age and is only going to grow.

http://www.auction-genius-course.com/auction/wholesale-imports.shtml

Greenspan Says Trade Gap May Narrow

Associated Press via Adsnews.blogspot.com:

Alan Greenspan said market pressures and belt-tightening could ease the trade deficit.

By ALAN COWELL

LONDON, Feb. 4 - Alan Greenspan, the chairman of the Federal Reserve, said on Friday that America's record trade deficit might be poised to stabilize and even fall because of market pressures and belt-tightening by the Bush administration."

China May Be No. 3 Auto Producer

From the Associated Press:

BEIJING (AP) -- China's auto production is expected to grow by 20 percent this year to 6 million vehicles, possibly passing Germany as the world's No. 3 producer, an industry association said Saturday.

China is the world's fastest-growing auto market as rising incomes make it possible for millions to buy their first cars. Foreign auto makers are investing billions of dollars in expanding production in China to meet booming demand.

China produced 5.1 million vehicles last year, and the figure is expected to grow by 20 percent this year, said Zhang Xiaoyu, vice president of the China Federation of Machinery Industry, quoted by the official Xinhua News Agency.

Germany produced 5.5 million vehicles in 2004, the No. 3 producer behind the United States and Japan.

Auto sales grew by 15 percent last year, though that was below the growth rate of the previous year as customers waited for lower prices as China allows in more imports.

Prices are believed to have hit a low point, so sales should rise again this year, Zhang said.

"The market potentials have been delayed, which does not mean the lack of market demand," he was quoted as saying.

US ultimatum over yuan receives cool reaction

From the Standard via China Digital News:

The mainland said a threatened US bill giving it six months to revalue the yuan would be the wrong way to handle the sensitive issue.

``We believe this is not a way to resolve differences,'' foreign ministry spokesman Kong Quan said Thursday.

``Every country's economic and financial policies are implemented and established based on the country's specific situation.''

A least a dozen US senators are said to have agreed to co-sponsor the bill which would give China ``a window of 180 days'' to revalue the yuan or face a 27.5 percent tariff on all mainland manufactured goods entering the United States.

China prizes G7 prestige despite currency pressure

From Stuff.co.nz:

BEIJING: China heads to the Group of Seven meeting of financial ministers in London this week knowing it will come under pressure from rich nations to liberalise its currency. But it probably won't mind.

For Beijing, analysts say the prestige of sitting at the table with the world's wealthiest nations will be worth the pressure - however diplomatically worded - it is sure to feel over the yuan's fixed exchange rate.

"It probably wants the recognition that it is a player in global markets and recognition of its importance in global trade and financial markets," said Ben Simpfendorfer, a JP Morgan economist in Hong Kong.

Chinese Finance Minister Jin Renqing and central bank chief Zhou Xiaochuan are expected to reiterate that Beijing will move only gradually to liberalise the yuan, also known as the renminbi, which is now pegged at about 8.28 to the US dollar.

China tweaks tariffs to quell inflation, save jobs

From the Daily Times

SHANGHAI: A series of tariff changes imposed by China to quell its booming commodities trade may well be Beijing’s way of controlling inflation and saving jobs on the farm without touching the exchange rate.

The changes would make domestic power and metals cheaper and support agricultural product prices, achieving an effect similar to a yuan appreciation but without the potential damage to China’s trade competitiveness or fragile financial system.

China looks to the Caribbean

From granma.cu - China looks to the Caribbean

THE China-Caribbean cooperation forum taking place in Kingston, Jamaica from February 2 through 5 ratifies China’s commitment to establish an important world trade alternative in the region.

The meeting is to conclude with the signing of a multilateral agreement to promote development in the following sectors: science and technology, agriculture, fishing, tourism, infrastructural development, human resource training and civil aviation cooperation, all of which will open up new perspectives in the region.

(Not the best source, I know, but an interesting article nonetheless...)

granma.cu - China looks to the Caribbean

From granma.cu - China looks to the Caribbean

THE China-Caribbean cooperation forum taking place in Kingston, Jamaica from February 2 through 5 ratifies China’s commitment to establish an important world trade alternative in the region.

The meeting is to conclude with the signing of a multilateral agreement to promote development in the following sectors: science and technology, agriculture, fishing, tourism, infrastructural development, human resource training and civil aviation cooperation, all of which will open up new perspectives in the region.

(Not the best source, I know, but an interesting article nonetheless...)

Chinese incomes to triple in 15 years

From The Age (Australia): China's per capita income will triple over the next 15 years, a senior Chinese official said, expressing confidence that aiming for annual growth rates of 8 per cent in the years ahead will not cause the economy to overheat.

Addressing hundreds of corporate executives and political leaders Saturday at the World Economic Forum annual meeting, Chinese Vice Premier Huang Ju assured China's stunning economic growth will not trigger any designs on other countries in the region.

"China will by no means pose a threat to others. The earth is a common home to all of us," he said.

Tighter policies expected

By PARISTA YUTHAMANOP from the Bangkok Post :

China is likely to tighten monetary policy by continuing to raise interest rates rather than adjust its current dollar peg to avoid a financial crisis, according to Andy Xie, chief economist for Asia at investment bank Morgan Stanley.

By raising interest rates, Chinese authorities would be able to reduce speculation in the property sector, currently rampant in the eastern part of the country."

China, Venezuela Sign 17 Bilateral Agreements

From VOA News: Venezuelan and Chinese officials have signed agreements on oil, agriculture and technology during meetings in Caracas Saturday.

Chinese Vice President Zeng Qinghong and Venezuelan President Hugo Chavez signed 17 bilateral agreements and also discussed cooperation in mining, oil and gas projects, as well as technological partnership.

First flights between China and Taiwan begin after 55 years

From Yahoo! News: TAIPEI (AFP) - The first direct flights between bitter rivals China and Taiwan since the end of a civil war 55 years ago started carrying Lunar New Year holidaymakers amid hopes for improving cross-strait relations.

Six Chinese planes landed in Taipei and one in southern Kaohsiung while Taiwan's China Airlines and EVA Airways also each sent a flight to Beijing on the first day of the temporary opening of the air links.

Yahoo! News - China has created brand-new form of capitalism: Bill Gates

From AFP via Yahoo! News: US software giant Bill Gates has high praise for China, which he says has created a brand-new form of capitalism that benefits consumers more than anything has in the past. It is a brand-new form of capitalism, and as a consumer its the best thing that ever happened," Gates told an informal meeting late Friday at the World Economic Forum in this ski resort.

People's Daily Online -- No rush on yuan reform: China

From People's Daily Online: China said on Saturday it will not rush to reform its exchange rate.

Senior officials attending the World Economic Forum said currency reform steps would come eventually but the world would have to wait for China to take them at its own, gradual pace.

For over a year now, top industrial nations have been urging China to let its yuan currency strengthen to help balance global growth and resolve a massive U.S. current account deficit.

"The world economic imbalance is attributable to many reasons, but not the exchange rate," Li Ruogu, China's deputy central bank governor, told the World Economic Forum. "China has not the capacity to address that so-called imbalance. We are not willing to do it, and we are not able to do it."