China and South Korea have jointly launched an economic and trade cooperation online initiative to provide comprehensive and timely information services to enterprises aiming at information technology exchanges and cooperation in both countries.

Chinese Internet auction and e-commerce website Taobao.com has announced that its trade value in 2008 reached CNY99.96 billion, making it one of the largest comprehensive shopping platforms in China.

On Dec.10, 2007, the U.S. Department of Commerce made its preliminary countervailing determination on off-the-road tires from China, which determined that the Chinese enterprises involved enjoy many subsidies and a temporary countervailing duty shall be imposed upon them. The Chinese side has expressed strong dissatisfaction over and firm opposition to such a decision.