Monday, December 25, 2006

Chinese Economy Update

  • Technical Barriers Cause Huge Losses to Chinese Exporters. Technical barriers caused a total materialized damage of 69.1 billion US dollars and losses of trade opportunities worth 147 billion US dollars to Chinese exporters in 2005, according to a report released by China's Ministry of Commerce on Dec 25.
  • China is set to raise resource prices in efforts to promote conservation, efficiency, and environmental protection. The pricing scheme for oil, natural gas, electricity, coal, water and land will be reformed, taking environmental costs into account. The government is to charge higher fees on waste discharge, sewage treatment and garbage disposal.

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