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China says January exports expected to have dropped
by Staff Writers
Beijing (AFP) Feb 9, 2012


China's commerce minister said Thursday that exports were expected to have fallen in January, as Europe's sovereign debt crisis and weakness in the United States impact the Asian powerhouse.

Chen Deming also pointed out that the export-dependent country's foreign trade growth had slowed down in the second half of 2011, but said the government was taking measures to help businesses overcome the situation.

"Exports in January this year cannot make us optimistic and are expected to have negative growth year-on-year due to the Chinese New Year and other factors," he said in comments published on the commerce ministry website.

"Chinese trading companies, particularly small and micro businesses, have come under growing pressure," he added -- a day ahead of the publication of official trade figures.

Analysts have expressed concern that the world's second-largest economy may be heading for a hard landing, although manufacturing activity improved last month despite weaker demand for exports.

Still, experts have warned that slowing export growth could spell trouble for China's economy later this year, and say a trade slowdown may force the government to enact monetary loosening policies.

Already in December, China moved to ease credit by trimming bank reserves for the first time in three years to help boost growth, and analysts expect further cuts in reserve requirements this year.

Chen said the government planned to adopt a number of measures to help businesses overcome their current difficulties.

He said China's export and import policies would remain stable.

"Should there be any fine-tuning, it will be supportive rather than discouraging," he said, echoing comments made by Premier Wen Jiabao at the weekend.

Chen added authorities would also take measures to ease the tax burden on trading companies and give them more financial support.

China's economy grew 9.2 percent last year, well down from 10.4 percent growth in 2010, and most forecasts put this year's expansion at between 8.0 percent and 8.5 percent.

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Petitions protest Apple working conditions in China
New York (AFP) Feb 9, 2012 - Petitions denouncing working conditions at Chinese factories making Apple gadgets were delivered to the California firm's new Grand Central Station store on Thursday.

"Our goal is to create a dialogue with Apple," said Sarah Ryan of the activist organization Change.org, which along with other groups called for protests Thursday at Apple stores in New York, London and other major cities.

"We want to work with them to improve their working conditions," Ryan said.

A Change.org petition attracted 200,000 signatures while another from SumOfUs.org gathered 57,000.

They were delivered to employees of Apple's Grand Central Store, which opened on December 9. "They were very polite," Ryan said. "They accepted the box. Everything went well."

The New York Times reported last month that workers assembling iPhones, iPads and other devices at factories in China "often labor in harsh conditions" and work "excessive overtime."

The newspaper said two explosions at iPad factories last year killed four people and injured 77.

Apple chief executive Tim Cook responded last month to media reports alleging harsh working conditions in China.

In an email to Apple staff obtained by the 9to5mac.com website, Cook said Apple was inspecting more factories and opening up its supply chain for independent evaluations by the Fair Labor Association.

"Every year we inspect more factories, raising the bar for our partners and going deeper into the supply chain," Cook said. "We've made a great deal of progress and improved conditions for hundreds of thousands of workers.

"We know of no one in our industry doing as much as we are, in as many places, touching as many people," he said.

"We are attacking problems aggressively with the help of the worlds foremost authorities on safety, the environment, and fair labor," he said.



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TRADE WARS
Canada's Harper secures billions in trade with China
Beijing (AFP) Feb 9, 2012
Canada's Prime Minister Stephen Harper oversaw the signing of nearly 3 billion Canadian dollars (US$3 billion) in trade agreements with China on Thursday after holding talks with leaders in Beijing. The deals, in industries ranging from aviation to railways, came on the second day of a four-day official visit aimed at boosting trade between resource-rich Canada and the Asian giant. "Our ... read more


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