China News Direct

 
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China To Build 10Mn Protective Housing In 2011
(Dec 31, 2010) Keeping the property market under control and its prices tamed will continue to be the top task of the Ministry of Housing and Urban-rural Development of China (MOHURD). In 2010, the ministry saw the construction of 5.9 million units of all kinds of protective housing and shanty town redevelopments, of ...
Price: USD $17.50
 
   
Beijing, Tianjin, Shanghai Sold Land of RMB400Bn
(Dec 29, 2010) Land sales in China's top three cities - Beijing, Shanghai and Tianjin - are expected to top RMB400 billion and shared 20% of the national total of RMB2 trillion in 2010, according to market insiders. The income from land sales of RMB400 billion account for 57.35% of the fiscal budgeted ...
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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 Seeks Industrial Upgrade over 12th Five-Year Period
(Dec 26, 2010) Pursuing industrial upgrade instead of high-speed growth will be the target of industrial development in China over the next five years. Speaking as the head of Ministry of Industry and Information Technology (MIIT) for the last time, Minister Li Yi-zhong said at an annual conference in Beijing that over the ...
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Asia Cement To Finance Three More Production Lines
(Dec 24, 2010) The demand for cement will continue to rise in China next year, keeping prices of cement at a level similar to this year's, according to Chang Tsai-hsiung, CEO of Asia Cement (China) Holding Corporation. Chang forecasts that for the full year of 2010, Asia Cement (China) will be able to ...
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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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Chinese Cities Need To Report Record-breaking Land Transactions
(Dec 21, 2010) Ministry of Land and Resources (MLR) vows to fight land hoarding and irregular activities that drive the prices of land up unreasonably in some cities. In a note issued by MLR on December 19, MLR urged local land departments to watch out for irregular and price-sensitive activities, saying it would ...
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Huiying Merges With ITAT To Create Strong Fashion Group
(Dec 17, 2010) Huiying Joint Supply Chain Group Company Limited announced a merger with ITAT Group through a debt-equity swap transaction on December 15, creating an even stronger fashion production and sales conglomerate. After the merger, the major shareholders include Zhongnan Commercial (Group) Co., Ltd., ITAT Group and 16 former ITAT preferential stockholders, ...
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Beijing Security Housing To Take 60% Of Market
(Dec 15, 2010) Beijing will make available, through construction and acquisition, one million security housing units during the 12th Five-year Plan period, accounting for 60% of the total housing supply of the city, the municipal housing commission reveals. The authorities tend to rent out, rather than sell, these security housing units, and will ...
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