China News Direct

 
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Small and mid-sized companies compete for liquidity
(Oct 11, 2014) HANGZHOU, Zhejiang - Small and medium-sized companies in Zhejiang province said they would stay till the bitter end but a lack of financial support or liquidity has become their biggest hurdle. A silver lining seems to have appeared for many small and medium companies although the road to really turn around business is still bumpy. There are ...
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China moderates growth for stability
(Oct 14, 2014) BEIJING - Those watching the Chinese economy may need to look at it differently as China is rather entering a stage where the Chinese authority is willing to give leeway in matters concerning the economy. Chinese Premier Li Keqiang said, in The Hamburg Summit, Germany last week, that he did not see a hard landing in the Chinese economy, and that the macro-economy is ...
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Manufacturers turn to robot-power
(Oct 30, 2014) QINGDAO, Shandong - Better technology and sharp growth in labour cost have pushed more Chinese companies to consider using robots, turning robots into experienced workers on production lines from welding to mining. In Qingdao's National High-tech Industrial Zone, an international robot industry park was opened just last summer. In this October, a local company Qingdao ...
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Mid-year review after June PMI
(Jun 24, 2014) BEIJING - China's PMI climbed above the boom-bust line for the first time in six months, landing at 50.8 in June and leaving room for thought about China's economy which is aimed to grow 7.5% this year. The June PMI, announced by HSBC and forecast to post just 49.7, took the market by surprise and stirred thoughts about the effectiveness of the miniature relaxation monetary ...
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Guangdong comes first in saving export
(Jun 13, 2014) GUANGZHOU, Guangdong - Guangdong has come first in providing measures to bolster external trade after China's export growth fell to a negative realm in the first quarter, dropping 3.4% in value to US$491.31 billion over a year earlier. Among China's three economic engines of investment, consumption and export, export has lagged behind. Investments and personal consumption ...
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Shanghai's overseas investment continue to climb
(Jul 03, 2014) SHANGHAI - The value of overseas direct investments (ODI) jumped 370% in Shanghai between January and May this year, fueled by Chinese companies looking for investments in high-end services in Asia and North America. Shanghai companies have invested a cumulative value of US$21.42 billion in overseas direct investments as of the end of May, when just ...
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Lithium battery separators costs and performance improved
(Nov 18, 2014) KUNMING, Yunnan - Chinese companies are rushing to develop lithium battery separators and other core materials, which will save manufacturers at least 20% of costs in producing next-generation vehicles. In Kunming, the capital city of Yunnan province, Chongqing-based Yuntianhua Newmi-Tech Co. Ltd. has put its new factory into operation. Yuntianhua ... 748 words, Chongqing Yuntianhua Newmi-Tech, Dupont, Toray, Tonen Chemical Corporation, ZTE Holdings, Solartronteck, China Zhejiang Great Southeast Group Corporation, Shougang Corporation ...
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China reforms cotton and soybean subsidies
(Sep 22, 2014) URUMQI, Xinjiang - China will replace its existing agri-procurement program with a market-price driven subsidy on cotton and soybean, trying to narrow the price gaps between the domestic and international markets. The central government is trying to cut down on price intervention. Starting this year, China will scrap the reserve ... 612 words ...
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Manufacturers gear up for high-end bikes
(Mar 31, 2014) TIANJIN - The bicycle market in Tianjin, China is estimated to grow to a scale of RMB140 billion in five years, and manufacturers are gearing up for bicycles fit for casual cycling, leisure or competitive sports. The high-end market of bicycles or bikes, manual or motored, will be the focus ...
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Spending keeps China's economy running
(May 07, 2014) BEIJING - Stable prices of consumer goods and mass-market consumption kept China's economy steady in the first quarter of the year, although export faltered to a state catching the Premier's attention. Steady growth in mass consumption, instead of spending on luxury and expensive items, has kept retail sales in a ...
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