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THOUSANDS of fake luxury products have been confiscated and 73 suspects detained in southern China in a crackdown on what police say was a major source of counterfeit goods.

More than 20,000 bags and suitcases purporting to be famous brands such as Louis Vuitton, Hermes and Coach were confiscated in the suspects' hideouts along with 17 manufacturing machines, 91 bank cards and deposit books, t
Yiwu, a city in Zhejiang province well-known for its small commodity trade, plans to become an international special trade zone.

It's claimed, for instance, that six out of 10 Christmas trees sold in the United States come from Yiwu.

But Chen Yixin, the Party secretary of the city of Jinhua, which administers Yiwu, said he wants to build its imports, as well as its already-strong exports.

China has said it will impose anti-dumping tariffs on imports of stainless steel tubes from the European Union (EU) and Japan.

The duties, ranging from 9.2% to 14.4%, will be implement from Friday, China's ministry of commerce said.

Dumping refers to a process where firms allegedly sell goods at prices below fair market value.

China had previously imposed tariffs on some US steel allegin
RACTOPAMINE, a banned drug added to animal feed to increase weight gain, has been found in a pork sample in Shanghai as Food and Drug Administration officials admitted yesterday safety hazards remain in beef and mutton due to loopholes in monitoring.

Officials said it is more difficult to monitor mutton and beef because most of them are imported from other parts of the country or overseas, whe
Sluggish demand, islands tensions, rising labor costs likely to hit orders

China may suffer an even worse environment for exports next year, in the wake of sluggish global demand, especially in the United States and Japan, said a senior economist with the State Council on Thursday.

"The situation for 2013 is not likely to be better than this year," said Long Guoqiang, director-general of th
CHINA yesterday launched a trade probe on polysilicon imported from Europe, after the European Union opened similar investigations into Chinese solar products.

The Ministry of Commerce said it will look into whether European polysilicon makers have been improperly subsidized by their governments and selling products at below market prices in China, in response to complaints made by Chinese pho
The company behind "Angry Birds'' said Wednesday it would open its first theme park in Asia next year at a site near Shanghai as it builds on the brand of the hugely popular game.
"Angry Birds Land'' will be located in Haining city in Zhejiang province, next to the commercial hub of Shanghai, and will be the firm's third theme park after one in Finland and another in Britain, AFP reports.
"Peop
Chinese manufacturers are moving to neighboring Southeast Asian nations or seriously considering moving due to rising wages and shrinking export demand, according to a foreign trade official from the Ministry of Commerce.

In the fields of textiles, garments, shoes and hats, nearly one-third of manufacturers are working" under growing pressure and have moved all or part of their production outs

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