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ChineseExports posts

Hillary Clinton's plain talk on her China trip

Posted Feb 23rd 2009 5:20PM by Connie Madon (RSS feed)
Filed under: International Markets, China, Financial Crisis

China has $1.95 Trillion in foreign exchange reserves and is the largest holder of US government debt. It holds about $696.2 billion of US Treasuries.

US Secretary of State, Hillary Clinton, went to China and asked the Chinese directly what their policy is toward the purchase of our debt. Secretary Clinton emphasized the interconnectedness of our two economies. Clinton said: "It would not be in China's interest if we were unable to get our economy moving again." She went on to say: "We are truly going to rise or fall together."

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Chinese auto exports take off

Posted Dec 5th 2007 10:52AM by Eliza Popescu (RSS feed)
Filed under: International Markets, Press Releases, Products and Services, Competitive Strategy, Marketing and Advertising, China

During the first 10 months of this year, China's auto sales, including cars, buses and trucks, rose by 64% from the previous year to 413,500. According to a report from the Commerce Ministry, sales from exported vehicles jumped 117% year-on-year to $4.8 billion.

Despite increased car sales overseas, China's revenues are falling, hurt by declining car prices. The report showed that exports of passenger car more than tripled, but the weak dollar made their value to rise only 174% to $948 million.

Among other things, "unhealthy competition" is blamed for this discrepancy between the export volume growth and sales. According to the official Xinhua News Agency, value of the foreign autos sold in China increased in the January-September period as passenger cars imports totaled only 99,500 units with a dollar value of $3.4 billion.

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