BEACON

An apple industry head from the US said Washington apples had great future in the Asian markets including Iraq, Iran, India, and even China as they were tastier and of higher quality than the ones which were presently available in these markets. Although China produces 50 percent of the global apple basket and made available [...]

According to the recent National People’s Congress and the Chinese People’s Political Consultative Conference (CPPCC) sessions, China is expected to consider serious changes in its exim policy while re-balancing its economy. Though exports will continue to remain the focal point of economic growth yet it is understood to remove some import restrictions aimed at increasing [...]

At the behest of Google, the Obama administration is reviewing the options of complaining to the World Trade Organization (WTO) over the Chinese censorship of Google Inc., the search engine powerhouse and other affected companies. The alleged Chinese action is believed to have infringed upon the WTO laws which provided a level playing field for [...]

Several reports suggest the fizzled out redenomination or currency swap enacted by North Korea to contain inflation has literally brought the country to its knees. Last November’s decree which gave citizens one week to surrender/exchange 100,000 old won (North Korean currency) for 1,000 new won sparked off mad rush for essential goods and fast depleted [...]

China’s Administration for Industry and Commerce will soon keep tabs on its online businesses to check fraud and generate revenue through one of the country’s fastest growing industries. A new proposal which is expected to be rolled out by mid-March this year will force entrepreneurs of online stores to register and pay tax.
According to sources, [...]

The Chinese Premier Wen Jiabao gave assurance to the visiting Indian Commerce and Industry Minister Anand Sharma that his country would do everything to iron out trade imbalances with India. New Delhi had been complaining about the trade deficit for the past few years as its largest trading partner’s exports recorded lopsided growth after years [...]

Gartner, a market research firm has stated in its recent report that knock-offs or cheap imitations of branded mobile phones would double their growth by this year to eat away more than 10 percent of the market share of legitimate mobile phone makers. Gartner has estimated that sales of illegally manufactured cell phones would reach [...]

As to stimulate its frail brand value, one of China’s business heads said that while entering the ASEAN market, the Chinese enterprises should abide by local industry regulations and establish sound reputations for quality and service instead of blindly pursuing profit by any possible means. Xu Ningning, executive secretary general of China-ASEAN Business Council (CABC) [...]

China has warned India that it would also clamp restrictions on Indian food products including seafood and sesame oil if India did not remove ban on its dairy products. China reacted following India banned imports of chocolates and chocolate products from China besides its restrictions on Chinese milk and milk products since last September charging [...]

The first BRIC (Brazil, Russia, India and China) Summit is underway in Russia which has been conducted parallel to the Shanghai Cooperation Organization (SCO) to address the issues of global financial system. The coincidence of the summits reasserts the fact that the participating nations would be playing a larger role in maintaining regional security and [...]