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China signed a US$3.5 billion procurement deal for 50 Airbus planes during a visit by German leader Angela Merkel, China's official Xinhua news agency said.
The agreement between Industrial and commercial Bank of China and Airbus was part of a series of deals signed by China and Germany at the start of a two-day visit by Merkel aimed at boosting trade between the two economic powers, AFP reports
China's processing trade export revenue has decreased by 21.2 percent on a year base in July. Export to EU decreased to $81.67 billion in the first seven months, decreasing by 3.6 percent year on year, and in July alone, the figure decreased by 21.2 percent.

To tackle the difficulties faced with processing trading companies, the Ministry of Commerce aligned with six more ministries to set up
Carrefour China on Tuesday denied selling its business to a Chinese local retail giant as previously reported, calling it a pure rumor.The French retail giant said it is firm in long-term investment in Chinese market.

The rumor arose from a series of moves of the World No.2 retailer in recent.

Reuters reported last week Carrefour faces tough choices to fund revival.

World No.2 retailer
Grape wine affiliate of China Alcoholic Drinks Association(CADA) has filed an application of anti-dumping and anti-subsidy probe on EU's grape wine exporting to China.

According to Wang Zuming, the secretary general of the affiliate, averagely annual growth rate of grape wine importing from EU is 67.71 percent recent years.

"In the first quarter of this year, growth rate of grape wine impo
A Chinese wine association announced Monday it had filed a complaint to the Ministry of Commerce (MOFCOM), accusing wine makers in the EU of selling their products below market value and receiving unfair government subsidies.

At the request of domestic wine producers, our association has submitted a petition to MOFCOM, asking the ministry to launch anti-dumping and countervailing duty investig
It's reported that China Alcoholic Drinks Association has recently filed a petition with China's MOFCOM authority for conducting antidumping and anti-subsidy probes into grape wine imports originating in the EU.

As statistics show, in recent years, Chinese imports of wine are surging from the EU countries, risen to 169,114 kiloliters in 2011 from 35,944 kiloliters of 2008, annually up 67.71%;
Dispute with the EU highlights growing trade friction, experts say

The government has been asked to investigate if European winemakers are being subsidized and dumping their produce in China, a move analysts said is Beijing’s latest response to the European Union’s rising trade protectionism against China.

The China Alcoholic Drinks Association asked the Ministry of Commerce to launch an in
DOUBLE Coin Holdings Ltd, the Shanghai-based tire maker, wants Chinese brands to grab a share of the high-end market now dominated by foreign companies. And it believes it has a product to do just that - Warrior is a local brand with a history of more than 70 years.

The company has been manufacturing Warrior tires from a new joint venture facility with French giant Michelin in Wuwei County, ea




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