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BEIJING, April 1 (Xinhua) -- China's average daily stock trading volume at the Shanghai Stock Exchange shrank 35.2 percent month on month to 96.85 billion yuan (14.2 billion U.S. dollars) in February, the People's Bank of China (PBOC) said Thursday.China's stock market was closed from Feb. 13 to 19, for the Spring Festival, the most important Chinese traditional holiday.Analysts held that trading was normally bleak in the Spring Festival month, as some investors preferred to cash in profits before going back to hometowns for family gatherings and some were cautious before the release of new economic data after the holiday.The Spring Festival fell in January last year. The daily average stock turnover was down 3.38 billion yuan to 65.4 billion yuan in January 2009 compared with December 2008, according to the PBOC.The benchmark Shanghai Composite Index edged up 110.58 points from Feb. 1 to 3,051.94 points on Feb. 26 this year, the last trading day in the month, the central bank said in a financial market report released Thursday on its official website.China's financial market kept its smooth run in January and February, said the PBOC.The Shanghai Composite Index gained 1.23 percent, or 38.32 points, to end at 3,147.42 points Thursday. The turnover at the Shanghai Stock Exchange was 154 billion yuan, showing investors' heartened confidence in economic recovery.Thursday's official figures revealed that the Purchasing Managers' Index (PMI) for China's manufacturing sector stood at 55.1 percent in March, up 3.1 percentage points from February, the 13th straight month that the index was above 50 percent.
NINGBO, Zhejiang, May 16 (Xinhua) -- European customers benefit from Chinese exports and all parties should work to build a fair, level playing field in international trade, said a senior official of the European Commission in an exclusive interview with Xinhua here on Sunday."We are working to create a level playing field which gives opportunity, diversified choices and good prices to our customers," said Neelie Kroes, Vice President of the European Commission, the executive arm of the European Union, in a forum on the sidelines of the Expo 2010 in Shanghai.Kroes said international trade was a bit comparable to road traffic. "Most of us respect the rules of the game, but if one or two are not respecting the rules and the red lights, there will be an accident," she said.In the case of China-EU trade relations, "most of the parties in the games are respecting the rules, and only one percent is not taking the rules into account, and that is the subject that we called anti-dumping," she said.Recently, China-EU trade relations were marred by a dispute over imports of certain Chinese-made shoes with EU ministers voting last December to extend import duties on Chinese shoes for another 15 months.Earlier last month, the European Commission rejected a complaint by China to the World Trade Organization that EU's anti-dumping tariffs on imports of Chinese shoes breached WTO rules."Making shoes is a traditional skill of my village and we are good at making shoes. I don't understand why they applied the anti-dumping measure against us, " said Gao Hua, a small-sized shoe manufacturer in Wenzhou, to the south of Ningbo of Zhejiang where the Expo forum was held.The Federation of European Sporting Goods Industry (FESI) said in March that it had started legal action against the European Union over its decision to extend anti-dumping duties on shoes imported from China and Vietnam.The FESI said in a statement that the European Commission's decision to extend duties on imported Chinese and Vietnamese leather footwear was based on a misguided investigation and analysis.It was unfair to single out the one percent that didn't obey the rules, Kroes said. The 27-member EU is China's biggest trade partner. China is the EU's second-biggest trade partner and is its biggest source of imports.China's main exports to Europe are machinery and domestic goods, including clothes and shoes. While the EU's main exports to China include industrial machinery, transport equipment, chemicals and high-end consumer goods."99 percent of European people are delighted to have Chinese goods and the EU's import from China is beneficial to EU consumers, and it also help keep European producers awake and competitive," Kroes said.FESI, whose members include top sports footwear brands such as Adidas, Puma, Nike, Lacoste and Asics, said the duties had cost the industry nearly 1 billion euros (.36 billion) since being introduced in 2006, according to the statement.
BEIJING, April 18 (Xinhua) -- China encourages foreign experts to help upgrade its technological innovation and the quality of economic growth, Chinese Vice Premier Zhang Dejiang said here Sunday."China welcomes foreign experts to offer suggestions on the country's industry development and technological innovation and to help Chinese enterprises solve technological difficulties," Zhang said when meeting a group of Chinese and U.S. engineering experts.More than 270 experts from both countries attended the Eighth Sino-American Technology and Engineering Conference on April 11-18, at which they conducted academic exchanges in fields of advanced manufacturing, information technology, biomedicine and environmental protection.Stressing that China was at a crucial stage of transforming the economic growth pattern, Zhang said China will continue to boost international cooperation and attract foreign expertise in science and technology.
BEIJING, April 21 (Xinhua) -- The Chinese people continued to donate for the quake-hit zone in northwestern province of Qinghai on Tuesday, while getting ready for a nationwide mourning for those killed in the April 14 earthquake on Wednesday.A TV charity show on Tuesday evening raised 2.175 billion yuan (about 319 million U.S. dollars) in donations for the Tibetan Autonomous Prefecture of Yushu, where the 7.1-magnitude quake has left at least 2,064 people dead, 175 missing, and 12,135 injured by Tuesday.In the small hours of Wednesday, most websites and news portals in China have already turned black and white as part of the national mourning, which will be formally kicked off on Wednesday morning.