China News Direct

 
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Export credit insurance backs a quarter of general trade
(Dec 28, 2012) Shanghai - China Export and Credit Insurance Corporation (Sinosure) has underwritten US$23.09 billion of exports for Shanghai and about US$37.9 billion of exports for Jiangsu province so far this year, backing many companies in keeping business and tapping new markets. In Shanghai, Sinosure has provided export credit insurance of US$23.09 ...
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Solar power shines on Jiangsu
(Dec 21, 2012) Despite trade hurdles in the US and Europe, ET Solar Group of Jiangsu province is building a solar power station in Romania, and will move on to build a 1.5-MW solar power station in Austria. Jiangsu has tasted success in making a solar power industry. In the province, there are ...
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Card consumption keeps Beijing's economy warm
(Dec 17, 2012) BEIJING - The Beijing municipal government and the People's Bank of China (PBOC) have launched a card consumption promotion till the end of next March, rewarding consumers card spending at shops and restaurants which not only boost business but also brighten the local economy. The card consumption promotion starts on ...
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China gives RMB2.5Bn interest subsidies to stir import
(Oct 12, 2012) The Ministry of Finance (MOF) of China has dispatched, for the fiscal year of 2012, RMB2.5 billion of interest subsidies for boosting imports of key parts and core materials which underpin manufacturing and trade. Since the import interest subsidy fund was first set up in 2008, the central government has ...
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Shandong's path from small loan to small business creation
(Oct 12, 2012) Shandong province has seen some success in driving private capital to the small loan market, which is done to support small business development and farmers' financial need. To let small loans flourish, the finance department in Shandong will give capital award to qualified small loan companies formed between July 1, ...
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Guangdong's small merchandise trade to upgrade
(Oct 11, 2012) In Guangdong province, two industry associations of small merchandise trade secured a credit line of RMB11 billion in September to facilitate industry upgrade. The Shenzhen Small Merchandise Association has obtained a credit line of RMB6 billion from China Construction Bank (Shenzhen), while Guangdong Small Merchandise Association gets RMB5 billion from ...
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Heilongjiang builds more highways to facilitate trade
(Sep 28, 2012) China Development Bank (Heilongjiang) has formed a syndicated loan of RMB21.2 billion to fund the construction of thousands of kilometers of highways in Heilongjiang province, strengthening the province's economic vitality and social vibrancy. The bank has so far granted RMB31.4 billion of loans for the construction of highways and roads ...
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Chongqing and Shenzhen to Release Carbon Trade
(Sep 26, 2012) Chongqing may be the fourth city in China to launch carbon trade as the Chongqing United Assets and Equity Exchange has filed the necessary documents, waiting to be approved on time for the debut next year. It is not until last November when the National Development and Reform Commission (NDRC) ...
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Shanghai's Small Business Loans on the Rise, More Banks Enter
(Aug 02, 2012) More banks and insurance companies in Shanghai are rolling out new products for micro companies and small businesses which now have more channels to take out loans. Four banks and one insurance company have signed an agreement to jointly introduce and promote a number of financial products for micro companies ...
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Sinohydro Corp Signs RMB7.8Bn Syndicated Loan
(Jul 20, 2012) Santa Hydropower Co. Ltd. of Sinohydro Corporation signed a RMB7.8 billion syndicated loan agreement with the Sichuan branches of China Development Bank, China Construction Bank and Agricultural Bank, financing the construction of one of Sichuan's biggest hydropower projects. China Development Bank (Sichuan) is the leading bank in the syndication, providing ...
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