China News Direct

 
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Chongqing drives cross-border e-commerce to billions of yuan
(Sep 24, 2015) CHONGQING - There were more than a hundred cross-border e-commerce companies formed and registered in Chongqing ended June this year, offering imported goods at least 20% cheaper than those offered by traditional retailers. Cross-border e-commerce companies offered imported goods at least 20% less than the same offered by ...
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New rule excites gold trade, breaks monopoly
(Apr 30, 2015) BEIJING - Banks may no longer be the chief gold traders after the People's Bank of China (PBOC) and China Customs have allowed more groups to import and export gold. The gold industry in China will never be the same again when the door leading to competition is opened. Effective 1 April, qualified legal persons, being a regular or consolidated member of ...
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The search is over: imported goods right at front doors
(May 03, 2015) SHANGHAI - Import tariffs on a group of consumer goods will be lowered by the end of June in a bid to arouse spending desire, a strategy nodded by the State Council in keeping retailers and consumers far and wide happy. Ever since consumption has become a core part of China's economy, where to spend and what to spend are the only ...
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A lot of room left for chain store sales
(May 06, 2015) TIANJIN - The top 100 chain store retailers in China earned sales revenue of RMB2.1 trillion in 2014, a growth of 5% which was the lowest one recorded in the past five years, according to China Chain Store & Franchise Association (CCFA). The top 100 chain store retailers did 8% of China's retail sales of consumer goods last year, dropping from a market share of ...
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Retailers realigned after import tariff cuts
(Jun 28, 2015) BEIJING - A 60% drop in the import tariff of cosmetics and other daily products has not sent retail prices down sharply but retailers may take this opportunity to differentiate and realign their positions. The State Council wants to keep consumers satisfied and retail spending flamboyant in underpinning economic growth. Since 1 June, the import tariffs on ...
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Shandong a little closer to Korea in free trade
(Jul 10, 2015) WEIHAI, Shandong - Weihai Port Group, National Federation of Fisheries Cooperatives of Korea, and Taesan Group of Korea signed agreements on 2 July to bring more Korean aquamarine products to Weihai, Shandong province, expanding seafood trade, especially e-commerce, to other parts of China. The alliance will bring much Korean seafood to ...
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Internet retail sales did not set back
(Jul 15, 2015) BEIJING - Retail sales of consumer goods jumped 10.4% in China in the first half of the year, but internet-driven retailing posted a 40% growth, sharing a tenth of China's retail spending. A State Council-supervised report reveals that internet consumption, including retailing, will be heavily promoted under China's "Internet plus" policy. Retail sales of ...
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Yunnan's agri-business shines with strong growth
(Jul 27, 2015) KUNMING, Yunnan - Farmers' quests are heeded after the provincial government of Yunnan has speeded commercial logistics to help send more coffee and local produce to Europe. Farmers in Yunnan are sending overseas more homegrown coffee beans, cut flowers, and tea grown in high-altitude slopes and mountains. Edible mushroom such as Matsutake ...
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Aussie beef poised to top in China
(Sep 07, 2015) CHONGQING - General Administration of Quality Supervision, Inspection and Quarantine issued a permit for Chongqing to import beef cattle from Australia, beginning to fill China's rising demand for beef and quality meat. China's own demand for beef has begun to change the cattle industry inside and possibly outside the country. A trade delegation of Australian beef and ...
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Pu'er, Yunnan builds better standard for coffee export
(Sep 14, 2015) KUNMING, Yunnan - The city of Pu'er in southwest Yunnan province has long been famous for its black tea, but the city also issued China's first coffee bean inspection and quarantine standard for exports, timely filling in the gap to let Yunnan coffee out to the international market. The coffee bean inspection and quarantine export ...
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