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Aliuser has come up with a list of  International Trade Terms for shipping and global trade upon the request of users.

Click on the link below to see  a collective of trade-related vocabulary and trade terms that are of useful to our users.

Glossary of International Trade & Shipping Terms

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Beijing top leaders reassure policies to boost domestic growth by ramping up public spending and cutting taxes after their 3-day meeting in the capital city – the Central Economic Work Conference, which is held annually at year-end to adjust policy for the coming year.

chinese-president-hu-jintao

Photo courtesty of China.com

Economic data released this week showed further risks to the economy.

  • The Producer Price Index (PPI) fell to 2 percent in November, down from 6.6 percent in October, the slowest pace ever since May 2006.
  • The Consumer Price Index (CPI), the barometer for gauging inflation, eased to 2.4 percent last month, down form 4 percent in October
  • Exports in November slid 2.2 percent year-on-year, the first monthly decline since June 2001. It’s down from 19.2 percent growth in October.
  • Foreign direct investment in to China last month reached US$5.32 billion, the least ever since October 2007

China is targeting around an 8 percent gross domestic product (GDP) growth rate for 2009 to ensure sufficient employment and safeguard social stability despite the challenges.

China has cut its lending rate four times since mid-September, with the latest reduction of 1.08 percentage points, and unveiled a 4 trillion yuan ($586 billion) stimulus package to avert an economic slump.

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Alibaba.com (HKSE 1688)has invitation sent to its users to take part in a talk at the World SME Expo, Hong Kong Convention & Exhibition Centre.

The event will be taken place from 10-12 December, 2008, presenting a possible solution to small-and-medium size companies (SMEs) in the event of weakening economy following the financial tsunami.

Echoed to the event was today’s news cover story of  HK$4 billion funding to support local SMEs through HSBC Holdings (HKSE 0005).  

The Hong Kong largest bank announced its rescue plan of  US $5 billion global fund to increase capital liquidity to SMEs  around the world.  

The loans made in Hong Kong under the global fund are meant to apply to working capital and equipment financing needs. Loans will be allocated on a case- by-case basis, using HSBC’s normal lending criteria. Interest will vary, with high rates charged to risky businesses lacking government loan guarantees, according to HSBC global co-head of commercial banking Margaret Leung Ko May-yee.

Users who are interested in more details about the new Gold Suppliers package can visit Alibaba.com booth. Make an advanced appointment on: 852-22155128.

  • Alibaba.com at the World SME Expo
    Hall 1, Hong Kong Convention & Exhibition Centre
    Booth No. 1H02, 1H04
    10-12 December 2008
    (Free Admission)

 

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Alibaba (HKSE 1688) will be going to hold its Open Sesame event in Istanbul, Turkey on Decemeber 16th.

Date: Tuesday, 16 December 2008
Time: 3:00pm – 6:00pm (Registration starts at 2:30pm)
Price: FREE with event registration
Venue: Grand Ballroom, The Four Seasons at Sultanahmet
Location: Istanbul, Turkey

For those who are interested in the event, please sign up here.

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Boom and Bust cycles are inherent to our global economy. Amid the financial meltdown, Chinese Premier Wen Jiabao took a swiftly move to substain economic growth by excerising a “proactive fiscal policy” and “moderately-loosened monetary policy”.

It is a quick shift from the “prudent fiscal policy ” and “tightened monetary policy” outlined by the mainland government at the end of last year.

The new set of policy apparently is good news to SMEs facing the menace of the financial tsunami. Premier Wen reckoned that loan quota controls imposed by the central bank to commercial lenders would be scrapped to stimulate lending to support key government projects, agriculture and SMEs.

Premier Wen highlighted the fact that a RMB4 trillion worth of economic plan was on its way to boost domestic demand up to 2010.

Also on today’s front-page story is Hong Kong Trade Development Council would spend HK$120 million from its reserves to attract overseas buyers and subsidize local companies to exhibit their goods and services.

The package is largely targeted to 20,000 Hong Kong-based SME companies whose clientes coming from Russia, Eastern Europe, the Middle East, North Africa, Southeast Asia and the mainland.

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