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Topic Started: Apr 20 2018, 07:48 AM (30 Views)
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by Yoo Seungki


SEOUL air max thea womens sale , Feb. 25 (Xinhua) -- Free trade agreement (FTA) between China and South Korea would give both countries an opportunity to jointly create and develop advanced industries as demand for high- quality products would rise before the bilateral free trade pact is completely implemented.


China and South Korea initialed the bilateral pact Wednesday, about three months after the two sides concluded negotiations on it. The two countries began talks on the deal in May 2012.


South Korea's trade ministry said it aimed to officially sign the deal with China within the first half of this year and implement it as rapidly as possible by getting approval from the parliament. The deal, now written only in English, will be translated into native languages of the two countries before it is officially signed.


The ministry said the country would use the FTA with China as new growth engine as the pact would allow South Korea to make inroads into China. It said the Chinese economy expands more than 7 percent each year.


"China is turning from the world's factory to the world's ( consumer) market. Chinese consumers want high value-added products based on state-of-the-art technologies air max thea uk sale , not products simply assembled with parts," Han Jae-Jin, senior research fellow at the Hyundai Research Institute, said in a telephone interview.


"(South) Korea-China FTA should act as a chance for both countries to strengthen cooperation in developing high value-added industries to meet such demand. (South) Korea should come up with how to create and develop high value-added industries during the 20-year grace period nike air zoom 90 it white ," said Han.


Under the accord, South Korea will eliminate tariffs on 92 percent of all products from China within 20 years after the FTA implementation in return for China abolishing tariffs on 91 percent of all South Korean goods.


The 20-year grace period came as Beijing and Seoul shared a view that it needs time before completely opening markets to minimize possible damages to the industries of both countries.


China and South Korea have changed their trade focus from low value-added industries to advanced sectors, but both sides need more advancement in each industry structure. By jointly developing high value-added industries during the grace period, the FTA would become a win-win solution for the two nations air max plus tn ultra uk , the researcher said.


According to data from the Korea International Trade Association (KITA), trade product between China and South Korea has changed from low value-added to high value-added ones.


In 1992, when the two countries forged diplomatic ties, steel plate was South Korea's largest export product to China with the former's annual export of steels to the latter amounting to 420 million U.S. dollars. It was followed by synthetic resins with 300 million dollars in exports.


In 2013 cheap air max tn uk , semiconductor was South Korea's largest export product in trade with China. South Korea exported chips worth 21.67 billion dollars to China, accounting for about 15 percent of the former's total shipments to the latter, the KITA data showed. It was trailed by flat screens and sensors worth 18.56 billion dollars of exports.


Statistics from the Export-Import Bank of Korea show that from 1992 to 2013, direct investment of South Korean companies in China 's electric nike air max 97 womens rose gold , electronic and chip industries surged about 190 times from 17 million dollars to 3.1 billion dollars. During the same period, direct investment in China's auto and auto parts sectors jumped from 6.3 million dollars to 476.4 million dollars.


Technology cooperation has increased. Joint research projects between the two countries rose from 39 in 2005 to 186 in 2011, according to the Hyundai Research Institute.


Trade between China and South Korea kept rising from 6.4 billion dollars in 1992 to 228.9 billion dollars in 2013. China has been South Korea's biggest trading partner since 2004.

Chinese Vice Premier Zhang Gaoli (C) speaks at a high-level meeting on the preparations for the 2022 Winter Olympic and Paralympic Games in Beijing, capital of China mens nike air max 97 uk , Oct. 10, 2017. The meeting was attended by officials from relevant government departments, along with the heads of co-hosts Beijing and neighboring Hebei Province, (XinhuaWang Ye)

BEIJING air max 97 metallic gold for sale , Oct. 10 (Xinhua) -- Chinese Vice Premier Zhang Gaoli on Tuesday called for coherent efforts to ensure that the construction of the main Olympic venues for the 2022 Winter Games will be completed by the end of 2019.


Zhang made the remarks at a high-level meeting which was attended by officials from relevant government departments, along with the heads of co-hosts Beijing and neighboring Hebei Province.


He said that preparations for the 2022 Winter Olympic and Paralympic Games have gone smoothly over the past two years, while still more work lays ahead.


Zhang stressed that the main competition venues and relevant infrastructre projects like the high-speed railway between Beijing and Zhangjiakou must be ready by the end of 2019, and the construction work must be environment-friendly and of a high-quality.


As highlighted in Beijing's bid plans air max 97 undefeated uk , China pledges to encourage 300 million people to participate in winter sports ahead of the 2022 Games.


Zhang also called for more efforts to expand participation in winter sports across China.


By John Kwoba


NAIROBI, Nov. 18 (Xinhua) -- Nobody is born a marathon runner and so did the newly crowned New York Marathon champion Priscah Jeptoo.


Running for Jeptoo, was like a child at a new school. The first few months were tetchy, but it was not too long before she had caught up there mixing it with the big girls.


Jeptoo got off the blocks like many other novice athletes in Kenya honing her skills in the choking middle distance of the track and field.


She opted for the 400m and 800m distances nike air max 97 undefeated white , balancing betwee.

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