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ASIA-PACIFIC


  China,lsraelink contracts worth about$100 min

  Enterprises from Israel and Harbin, capital of China´snortheastern Heilongjiang Province, signed on January 20,2011 to a package of economic and trade cooperation con-tracts valued at 648 million yuan (US$98 million).

  This is part of the ongoing 2nd China Harbin-IsraelCooperation Convention, an economic platform that was de-signeed to deepen economic and trade cooperation for Chineseand Israeli enterprises.

  Also, 39 Israeli enterprises and 170 local enterprises inHarbin held talks on Tuesday for potential economic coop-eration. (Clobal Times)

  China overtakes S Korea as world´slargest shipbuilder

  China surpassed South Korea to become the world´slargest shipbuiider in 2010 in terms of shipbuilding capacityand new orders, according to recently released statistics fromChina´s Ministry oflndustry and Information in January.

  The statistics show that from January to December2010, China´s shipyards finished building 65.6 million dead-weight tons, an increase of 54.6 percent year on year. Theyreceived new orders exceeding 75 million deadweight tons,nearly triple the amount of a year earlier.

  The great development of the shipbuilding industry inrecent years can be mostly attributed to the increasing capacityrequirements due to economic growth, said an expert from theeconomic research center ofChina´s shipbuildingindustry

  China´s shipbuilding enterprises are mainly distributedamong Jiangsu, Shanghai, Zhejmg, Shandong and Guang-dong, with Jiangsu ranking first. (Peoples Daily Online)

  Cambodia´s trade with China UP 41.5pctin 2010

  Bilateral trades between Cambodia and China increased41.5 percent jp- 2010 compared with that of 2009, official sta-tistics showed.

  The two countries´ total trade volume hit US$1.12 billionin 2010, up 41.5 percent from about US$791 million in 2009,according to the statistics from the department ofstatistics and planning of the Ministry of Commerce on January 18.

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