China News Direct

 
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Time for China's Exporters to Reposition
(Dec 14, 2011) Inadequate international demand, intensive competition and frequent trade friction which cast a shadow on China's export will push more Chinese companies to reposition and re-structure. China has a high reliance of external trade on western developed countries and comparatively speaking in terms of value, its trade with developing countries is ...
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Iron and Steel Industry 12th Five-year Plan Announced
(Dec 09, 2011) The Chinese government forecasts the iron and steel industry to demand 1.13 billion tons of iron ore and 380 million tons of coke during the next five years when the scale of the iron and steel industry continues to be enlarged. The Ministry of Industries and Information Technology (MIIT) has ...
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Year-end Woes for Wenzhou's Debt-ridden Companies
(Dec 08, 2011) Debt-ridden companies in Wenzhou, Zhejiang province are beginning to feel repayment pressure as creditors are knocking on the door with the end of the year approaching. Recent reports by the Wenzhou municipal government warns of a possible break-out of debt overdue or delinquent cases when companies once again lack enough ...
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Export Orders and SME Loan Demand Slow
(Dec 02, 2011) Small and medium-sized enterprises (SMEs) in Hong Kong are holding a cautious view about lending amid the bleak global economy, according to Kelvin Au, director of SME financial management of Hong Kong and South China at Standard Chartered Bank (Hong Kong). The demand for SME loan has been climbing steadily ...
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China's November PMI at 49% but No Sharp Fall
(Dec 01, 2011) The PMI announced by China Federation of Logistics & Purchasing (CFLP) for the month of November stayed below 50% at 49.0%, showing an on-month decrease of 1.4 percentage points and largely reflecting a downward trending but no-sharp-fall economy. In November, the sub-indexes for new orders and new export orders stayed ...
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MIIT: Industrial Growth to Shed 1-2% in 2012
(Nov 28, 2011) The industry department of China has issued a warning about a possible swift retreat in macro economic growth which is concurrently plagued by a weak external demand and a challenging internal operating environment. In its quarterly industrial and economic outlook report, the Ministry of Industry and Information Technology (MIIT) has ...
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Industrial Profit up 25.3% in China, Profit Margin Low at 6%
(Nov 25, 2011) Scaled industrial companies in China made a profit of RMB4.12 trillion from January to October, showing a growth of 25.3% year-on-year and among all types of companies, private companies staged the sharpest growth of 44.3% in profitability. In the ten-month period, private companies made a profit of RMB1.17 trillion, showing ...
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Kao Expands in China with Shanghai Jahwa
(Nov 22, 2011) Shanghai Jahwa United Company Ltd has signed a strategic alliance agreement with Kao Corporation of Japan to expand distribution channels and boost sales in China. The two giants in the personal care and cosmetic industry forged closer ties and signed a cooperation agreement last week, under which Kao would expand ...
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Suzhou Shares Half of Jiangsu's External Trade
(Nov 18, 2011) Suzhou city did half of Jiangsu province's external trade and about 8% of China's total during the period of January to October, keeping its leading position. From January to October 2011, Suzhou did import and export trade of US$246.34 billion, representing a growth of 9.9% year-on-year. Export trade valued at ...
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China Expects Robust Retail Sales to Grow 17%
(Nov 18, 2011) Retail sale of consumer goods is expected to stage a robust growth in China this year thanks to the relatively high demand and fast sales of food, household and telecommunication products. The Ministry of Commerce (MOC) has announced that retail sales of consumer goods amounted to a value of RMB1.65 ...
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