Quick review: Jan 7-13
Updated: 2008-01-14 11:01
Record Customs revenue
China's Customs revenue reached a record 758.46 billion yuan ($104.33 billion) in 2007, up 24.3 percent year-on-year, the General Administration of Customs said last Monday.
Customs revenue increased partly due to rising imports, which were up 20.5 percent to $865.5 billion during the first 11 months of last year.
Revenue from telecommunication equipment, integrated circuits, television receivers and printing machines rose considerably, the administration said.
More imports of high-end cars and SUVs, and rising prices of imported staple goods such as copper, nickel and other metals also contributed to the revenue rise, it explained.
Higher export tariffs on some goods, aimed at curbing exports and balancing foreign trade, also increased Customs revenues by about 20 billion yuan, it said.
Debut of gold futures trading
The debut of gold futures trading on the Shanghai Futures Exchange last Wednesday marked a milestone in the development of country's financial market and the city as an international center.
At the ceremony to mark the opening of trading, Shang Fulin, chairman of the China Securities Regulatory Commission, said the introduction of gold futures contracts "will help expand the scope of the futures market which is playing an increasingly important role in stabilizing the financial markets and serving national economic growth".
Shi Min, president of Shandong Gold Group Co, said that the introduction of gold futures benefits numerous gold miners and processors in China by providing an effective tool to hedge against price fluctuations, especially at a time when the international gold market is showing increasing volatility arising from the weakening US dollar.
B2B hits 1.25 trillion yuan
Business-to-business (B2B) transactions hit 1.25 trillion yuan in China last year, up 25.5 percent from 2006, according to a survey released last Tuesday.
The Netguide 2008 survey, which provides summary of 2007, polled more than 300 websites and about 200 enterprises, with 50,786 interviewees around the country.
The survey, conducted by the Data Center of the China Internet, reported that the newly listed Alibaba.com was top player in the e-commerce marketplace, with a market share of about 70 percent.
Other e-biz dotcoms at the top of the list are netsun.com, globalsources.com, cn.made-in-china.com and hc360.com, according to the survey.
It also forecasts that China's B2B trade volume will exceed 1.62 trillion yuan this year and 2.13 trillion yuan in 2009.
|
||
|
|