Search Result for : China Exports

Sheela Mamidenna  The Directorate General of Anti-Dumping Duty imposed an anti-dumping duty(ADD) on the textured toughened (tempered) glass, imported from China PR, with a minimum of 90.5% transmission having a thickness not exceeding 4.2 mm (including tolerance of 0.2mm). This was relayed by the Customs via notification no- 38/2017- Customs (ADD) dated August 18, 2017. The textured toughened glass is used as a component in solar photovoltaic panels and in solar thermal applications. The government has imposed anti-dumping duty ranging from $52.85 per MT to $136.21 per MT specific to different exporters and manufacturers of China. Speaking to the Dollar Business, on the affect that the imposition of ADD could have on Indian manufacturers of solar panels, Vineet Mittal, Director Sales and Finance ...

The Dollar Business Bureau Belying the expectations of analysts, China's exports grew 8.7% in May compared to the previous year, while imports rose 14.8%, according to an official data. With this, the country was left with a trade surplus of about $40.81 billion for May, the Chinese government agency General Administration of Customs of China on Thursday said. Exports in the month of May from the largest exporter of the world were expected to grow at 7%, easing a little from 8% growth in April, according to the analysts polled by Reuters. However, the imports into the country decreased to 8.5%, after a growth of 11.9% in the preceding month. The analysts were expecting the trade surplus of China to have expanded to $46.32 billion ...

The Dollar Business Bureau Impacted by global recession and mounting tension prevailing with China, the Asian country - South Korea is making a strong bid to further expand its footprints in the Indian market, where it sees enormous opportunity for growth. Against this background, South Korean consumer electronics giant LG is looking at making India its export hub, relying on good ties between the two countries at a time when its overseas shipments from China are falling. The company, with its two decades of presence in the country, has been delivering electronic goods and home appliances which are customised to suit the Indian consumer needs. “Indian consumers love LG. That’s why we could grow every year and are now positioned as a very ...

The Dollar Business Bureau  In order to safeguard the domestic industry, the Government of India has imposed anti-dumping duty on imports of seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel from China. “In the matter of seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm or 14” the DGAD, through a notification on March 31, 2016, recommended imposition of provisional anti-dumping duty on the imports of subject goods, originating in, or exported from Republic of China the notification No.7/2017-Customs (ADD) released on Friday said. The anti-dumping duty imposed will range between $961.33 ...

The Dollar Business Bureau Shaktikanta Das, Economic Affairs Secretary, said that India is trying to enhance shipments to China in order to reduce the trade deficit, which reached $46 billion in 2016. "Our commerce and trade department is working with China to increase our exports there. So that there is parity in trade with China," Das said while interacting with the Chinese media delegation in New Delhi. In 2016, trade between the two countries was $71 billion. But India had a huge trade deficit of $46 billion with China. The Finance Ministry, in a series of tweets, said that India is intending to augment exports to China and was also working on that. For sustainable trade ties, trade balance is required between China and India ...

Sairaj Iyer Thursday’s turn of events at Trade China, an expo that covered over 1 lakh products across 20 product categories were grim. The event was representative of the current situation- dipping interest in Chinese exports and demonetization. The three-day expo organised by CII and Me Orient expos was supposed to be a match-making show for businesses to source quality products from China. About 900 Chinese companies had booked stalls ranging from 9 sq. m to 50 sq. m, with a promise of 40,000 footfalls. But the event did not attract more than 6000 footfalls leaving many stall owners to dejectedly pack-off for China. No China There has been a growing cry for avoiding Chinese goods. It would be impossible to adopt such ...

The Dollar Business Bureau China's November imports grew at 6.7% year-on-year, the fastest pace in over two years, led by a strong pick up in domestic demand of commodities including coal and iron ore, while exports also rose marginally, thereby reflecting a pickup in Chinese and global markets demand. According to the latest data release, China’s exports grew 0.1% against a year ago period, confounding predictions of a 5% decline. Imports too defied expectations for a drop of 1.3% as predicted earlier. China's imports of major commodities including coal, copper, crude oil, iron ore and soybeans surged in November, notwithstanding a sharp decline in its Yuan currency. Demand in China’s major trade partners rose significantly, as the United States and Europe accounted for a ...

The Dollar Business Bureau Rebar export offers of China have slightly declined this week after the prices kept going up for past five weeks. Chinese rebar export offers are presently hovering in the price range of $395-400 per MT, free on board (FoB) main port, fall of $6 per MT on week-on-week basis. In the meantime, domestic steel rebar prices in Beijing for 25 mm HRB 400 grade have also declined by $32 per MT (220 Chinese Yuan) within a week and stood at $399 per MT (around 2,740 Chinese Yuan). In Shanghai, the prices of steel rebar of HRB 400 grade material stood at around $413 per MT (2,840 Chinese Yuan), a decline of $25 per MT (170 Chinese Yuan) in the ...