China's Nasdaq-style board starts trading
Twenty-eight small and medium-sized enterprises today (October 30) started trading their shares on China's Nasdaq-style market, ChiNext, operating in Shenzhen. Huayi Brothers Media Corp., a movie production company, saw its shares soar the most, up 122.74 percent from its IPO price, opening at 63.66 yuan per share. Zhongyuan Huadian Co. Ltd. increased the least by only 46.26 percent from its IPO price of 47 yuan per share. ChiNext is expected to provide additional fund-raising channels for small and medium-sized businesses involved in high technology and with fast growth. Zhou Xiaochuan, the governor of the People's Bank of China, said at the trade opening ceremony that the central bank and the whole financial system will consistently support ChiNext.

China & U.S. pledge to take no new trade protection measures
China and the United States said yesterday (October 29) they would not set-up any new trade protection measures against each other, a significant step which lays the groundwork for the US presidential visit next month. Chinese Commerce Minister, Chen Deming, made these remarks at the end of the 20th China-U.S. Joint Commission on Commerce and Trade (JCCT) talks in China's eastern city of Hangzhou, a meeting co-chaired by Chinese Vice Premier, Wang Qishan and U.S. Commerce Secretary, Gary Locke. These comments come at a time of increasing trade disputes between the two countries, amongst which Chinese tires, cement products, and U.S. poultry.

Decrease rate drops for GZ Foreign Trade Volume
The latest data issued by Guangzhou Customs shows that over the past 9 months, the decrease rate of Guangzhou's foreign trade has been getting smaller and smaller. The total volume stands at 54 billion US dollars, down by 13.5% from the same period in 2008 but nevertheless, 7.4% lower than the national decrease rate.