China News Direct

 
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China's CPI Driven by Food Supply
(Dec 31, 2010) Ministry of Agricultural of China has held an annual work conference to call on keeping food production and prices of agricultural produce stable over the 12th Five-year Plan (2011-2015). Whether China will be able to keep the headline CPI within 4% in 2011 largely depends on agricultural production and prices ...
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Hong Kong Needs New Markets To Sustain Exports
(Dec 30, 2010) Hong Kong manufacturers are advised to open new markets as growth in exports may slow to just 8% next year compared with a growth of 20% in 2010, according to Hong Kong Trade Development Council (TDC). The weak demand in the U.S. and Europe, rising labor and raw material costs ...
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2.8Bn Chinese On Way Home This Spring Festival
(Dec 29, 2010) China's peak passenger traveling time once a year, the Spring Festival, will take place from January 19 to February 27, and over 2.8 billion Chinese people are expected to travel home, showing an increase of 11.6% year-on-year. National Development and Reform Commission (NDRC) forecasts that 2.853 billion passengers across the ...
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Wenzhou Shoes Export Grew 24% On External Demand
(Dec 27, 2010) Wenzhou City, Zhejiang Province exported 676 million pairs of footwear from January to November 2010, registering a growth of 23.88% year-on-year. Data from Wenzhou Customs showed in the period, Wenzhou exported US$3.52 billion worth of footwear, posting a growth of 41.67% year-on-year. Export of safety shoes mainly used in mining, ...
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Wenzhou Shoes Maker Aokang Forms Alliance
(Dec 26, 2010) Shoes maker Aokang Group in Wenzhou, Zhejiang Province signed an agreement to form one of the largest shoes making industry alliance with China Chain Shoes City Association. Aokang is one of the biggest shoes makers and retailers in Wenzhou. It has over 800 retail outlets selling its Kanglong brand shoes ...
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China Makes Price Watch Prime Task
(Dec 24, 2010) China's National Development and Reform Commission (NDRC) will make six measures to combat price hikes in 2011, but it is said that raising interest rates will be the last resort. NDRC will keep regulating the market and keeping prices in order will be the prime task, especially the prices of ...
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Cosmetic Retailer Sa Sa Sees Better Year Ahead
(Dec 21, 2010) Cosmetic retailer Sa Sa International Holdings Ltd. expects another robust year in 2011 as retail sales will be supported by mainland Chinese visitors and a better local economy in Hong Kong. Speaking at a shareholders' meeting, Sa Sa's chairman Simon Kwok expressed his optimism towards sales, saying the company reported ...
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Shandong's Qingdao Builds CBD
(Dec 21, 2010) Qingdao City, Shandong Province has been investing RMB32 billion in establishing a central business district (CBD) since 2004, and the CBD has attracted an accumulated commercial investment of RMB28 billion. The CBD in Qingdao will be a cluster of high-tech industries, including sectors of commerce, finance, intermediary services and information ...
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Panasonic Ventures To Third, Fourth-tier Chinese Cities
(Dec 21, 2010) Panasonic is going to introduce 18 series of air conditioner in 2011, containing as many as 161 new models that are expected to gain back market share in China. Panasonic is eager to make a return to the mainland Chinese market, securing a bigger market share and venturing into third- ...
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Jin Jiang Forms Joint Venture With Shanghai Tower
(Dec 20, 2010) Shanghai Jin Jiang Int'l Hotels (Group) Co. Ltd. has set up a hotel asset management joint venture in Shanghai, providing hotel decoration, pre-opening services and facility leasing services. Shanghai Jin Jiang signed a joint venture agreement with Shanghai Tower to participate in the Shanghai Tower Hotel project in Lujiazui, Shanghai. ...
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