China News Direct

 
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Guizhou Gives Interest Subsidies to Enterprises
(Dec 19, 2008) Officials from Economic and Trade Commission of Guizhou Province said recently that Guizhou industries had been experiencing sharp declines since the middle of September 2008 due to the financial crisis and the government's monetary policy. It is forecast that Guizhou's large scale industries had value-added of RMB103 billion in 2008. ...
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Prosperity Benefits from RMB4-tn Stimulus Package
(Dec 19, 2008) Prosperity International Holdings (H.K.) Ltd. expects its granite processing business to benefit from China's RMB4-trillion stimulus package. Prosperity International mainly trades cement clinker and other building materials. Its granite processing plant in Guangxi province has started commercial production this month and will mainly target the domestic market. It has another ...
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Taiwan Invests RMB19.8bn in Tianjin
(Dec 18, 2008) Tianjin attracted a total of RMB19.8 billion investment from Taiwan businessmen during the 1st Tianjin-Taiwan Investment Fair held on December 14. The investment projects including Light-emitting Diode (LED) manufacturing, airport properties, a livestock feed research & development (R&D) center, a business industrial park and chemical projects. The Tianjin Binhai New ...
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Borrowing Not Easy Even With Currency Swap
(Dec 17, 2008) Market experts worried that Hong Kong enterprises in the mainland may not benefit from the proposed currency swap between Hong Kong and China, especially in obtaining bank loans. In general, the market expects Hong Kong to become a RMB offshore banking center upon the establishment of the currency swap. However, ...
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M&A Cases Dropped Half, Will Rebound
(Dec 17, 2008) China's merge and acquisition (M&A) activities tumbled in the second half of 2008 due to counter-inflation policies, new Labor Law, price hike and stock market plunge, according to a report of PricewaterhouseCoopers (PwC). China had 543 domestic M&A deals from July to November 2008, down 47% on year. David Brown, ...
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Guangdong Keeps Employment in Shape
(Dec 16, 2008) Guangdong province manages to keep its employment situation in good shape although the financial tsunami has sent unemployment rate up. Guangdong's Vice-governor Xiao Zhi-heng revealed that Guangdong had about 30 million ex-peasant migrant workers. 1.08 million local Guangdong people joined the workforce this year, up 10.8% on-year, while new migrant ...
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Guangdong Gives Processing Trade a Helping Hand
(Dec 16, 2008) Guangdong will train more skilled labourers, broaden financing channels and roll out more measures to support SMEs and processing trade enterprises. In an interview with Wen Wei Po, Guangdong Vice-governor Xiao Zhi-heng said the province was a major trade province where external trade still has growth amid the financial tsunami ...
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Guangdong Seeks Buyers with Payment Ability
(Dec 16, 2008) Local Chinese enterprises targeting the domestic market and have their own brands and innovative technology will stand the hit of the financial tsunami better, said Xiao Zhi-heng, Vice-governor of Guangdong province. According to Xiao, the financial tsunami hit local enterprises in Guangdong less than foreign-funded enterprises. For example, renowned private ...
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HP To Get RMB50bn from Chongqing
(Dec 15, 2008) HP, the world's famous computer provider, has set up a global computer manufacture base in Chongqing Xiyong Microelectronic Industrial Park. The HP computer base covers 60,000 sq meters of area and will start operation in 2010, giving HP an annual output value of about RMB50 billion. It will be HP's ...
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Lenovo in Initial Investment Talks
(Dec 12, 2008) Lenovo Group Ltd. is in initial investment and acquisition talks with a third independent party but no solid agreements have been reached. The market rumoured that Lenovo was interested in buying Positivo Informatica, the biggest PC manufacturer in Brazil. But Lenovo said it was not negotiating any acquisitions nor reached ...
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