. Space Industry and Business News .




.
TRADE WARS
China says imports to equal exports over five years
by Staff Writers
Beijing (AFP) Nov 4, 2011


China's total imports are expected to almost equal its exports over the next five-year period, the nation's commerce minister said in comments published Friday.

Chen Deming said total imports by the world's second-largest economy were expected to reach $10 trillion in that period, which would be "on a par with our exports", according to an article published on the ministry's website.

China's trade surplus has been ballooning over the years as a result of what its trade partners say is an unfair advantage linked to the country's yuan currency, which they claim is artificially kept low.

It hit $196 billion in 2009 and $295 billion in 2008, but fell to $183.1 billion last year.

Chen said imports would exceed $1.7 trillion this year, up from $1.39 trillion last year, as the government steps up efforts to expand domestic demand. By way of comparison, exports totalled $1.58 trillion in 2010.

But he said some countries had ignored China's efforts and sought to bash the country "for political reasons" by adopting trade protectionist measures and pressuring Beijing over its currency policies.

"Such attempts will not help resolve their own domestic strife; rather, they could negate our efforts to expand imports, crush global market confidence and cast a dark shadow over the recovery prospects of the world economy," he said.

The US Senate last month approved a bill that would punish China for alleged currency manipulation while US Secretary of State Hillary Clinton has suggested an international coalition could force Beijing to raise the unit's value.

But Beijing has defended its currency controls as necessary to protect its manufacturing sector, which employs millions of workers, and to prevent large capital inflows and outflows which could be damaging to the economy.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




Tingyi-Asahi to buy Pepsi bottlers in China
Tokyo (AFP) Nov 4, 2011 - Japan's Asahi holdings on Friday said its affiliate in China had signed a strategic tie up with Pepsi that will see the US drinks giant swap its bottling operations in China for a stake in the firm.

Packaged food manufacturer Tingyi-Asahi Beverages Holdings, or TAB, a joint venture between Asahi, Taiwanese-owned Ting Hsin Group and Hong Kong listed Tingyi, will buy 24 Pepsi bottlers in China from Pepsi's Far East Bottlers.

The deal will exclude the US firm's bottlers in Hong Kong, Macau and Taiwan. No figures were announced in the deal.

In return, Pepsi's Far East Bottlers subsidiary will indirectly take a 5 percent stake in Tingyi-Asahi Beverages via a new share issue arrangement.

The stake could increase to 20 percent if the US firm's subsidiary executes an option to buy additional new shares in 2015.

The deal will see TAB manufacture and sell soft drinks under the Pepsi brand and non-carbonated beverages including Gatorade and Tropicana as Pepsis anchor bottler in China.

Pepsi will retain branding, promotion and marketing responsibilities for these products.

Pepsi faces competition in China from fellow US giant Coca-Cola, which in August said it will invest $4 billion in China over the next three years, as it deepens its expansion into the world's second largest economy.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Kirin takes control of Brazilian brewer Schincariol
Tokyo (AFP) Nov 4, 2011
Japanese beverage giant Kirin said Friday it has taken full control of brewer Schincariol after legal complaints brought by some of the family of the Brazilian company's founder. Kirin Holdings, which previously held 50.45 percent of the company, said it bought the remaining stake from Jadangil Participacoes e Representacoes Ltd. for 2.35 billion real ($1.35 billion). Schincariol is Braz ... read more


TRADE WARS
Trillions served: Massive, complex projects for DOE JGI 2012 Community Sequencing Program

Google eyes pay television: report

Major breakthrough improves software reliability and security

Amazon opens lending library for Kindle readers

TRADE WARS
AEHF-1 Satellite Arrives at Its Operational Orbit After 14-Month Journey

China suspect in US satellite interference: report

Emirates seek French military satellite

First MEADS Battle Manager Begins Integration Testing in the United States

TRADE WARS
Arianespace's no. 2 Soyuz begins taking shape for launch from the Spaceport in French Guiana

Vega getting ready for exploitation

MSU satellite orbits the Earth after early morning launch

NASA Launches Multi-Talented Earth-Observing Satellite

TRADE WARS
Russia set to launch Proton-M carrier rocket with 3 Glonass-M satellites

Russia to launch four Glonass satellites in November

One Soyuz launcher, two Galileo satellites, three successes for Europe

Soyuz places Galileo satellites in orbit - mission control

TRADE WARS
Aviation grappling with new taxes and rules: AAPA

EU sticks to airline carbon rules despite UN opposition

Asia airline body raps EU plan for carbon tax

OGC Team Produces Winning Single European Sky Aviation Proposal

TRADE WARS
The world's most efficient flexible OLED on plastic

AMD cutting 10 percent of workforce

A KAIST research team has developed a fully functional flexible memory

UCSB physicists identify room temperature quantum bits in widely used semiconductor

TRADE WARS
NASA Launches JPL-Built Earth Science Experiment

Halloween Weekend Snow Paints a Ghostly Picture in the U.S. Northeast

Landsat's TIRS Instrument Comes Out of First Round of Thermal Vacuum Testing

Small but agile Proba-1 reaches 10 years in orbit

TRADE WARS
Beijing vows better pollution data after smog anger

Myanmar seeks outside help to build 'green economy'

UK environmental consulting market falls in 2010; prospects flat for 2011

EU to extend coastal pollution fines to 200 nautical miles


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement