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Recent Trade News
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May 27, 2009
China Offices closed for Dragon Boat Festival Holiday
In observance of the Dragon Boat Festival Holiday, ET2C’s Shanghai and Yiwu Offices will be closed Thursday and Friday (5/28-5/29). The Hong Kong office will be closed on Thursday (5/28)
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May 15, 2009
Increased Export Rebates Estimated to Reach RMB 31.2 Billion in One Year
The Export Rebate Rate increase for Textile and Electronic Products (released on Mar 27th) is estimated to result in a rebate amount of 31.2 billion RMB for the year. Export rebates for textile and garments, in particular, is estimated to reach RMB 9.8 billion,...
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May 5, 2009
CLSA PMI Rose Above 50 in April
The CLSA China Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to 50.1 in April from 44.8 in March, CLSA Asia-Pacific Markets said Monday.
It was the first time the CLSA PMI rose above 50.0 since dropping to 49.2 in August last year. A PMI reading above 50.0 indicates the manufacturing economy is generally expanding,..
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