China News Direct

 
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Scrapped material trade rolls up
(Feb 12, 2015) CHONGQING - The business of trading and re-using scrapped materials has begun to mean something to China when Chongqing did RMB500 billion of such business in less than a year, encouraging similar trades to sprout. Renewable Resources Trade Center (RRTC) based in Chongqing has quickly transpired into an online trading and melting pot of scrapped steels, scrapped nonferrous ...
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Trading discharge rights back to basics
(Feb 26, 2015) SHANGHAI - Shanghai Pudong Development Bank (SPD Bank) will lend to companies pledging emission discharge rights as collateral, the first of its kind in China in activating trading of rights in the secondary market. SPD Bank, nodded by People's Bank of China (Guangdong), Guangdong Development and Reform Commission and several other departments, provided the ...
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China in the vein of new norm
(Mar 06, 2015) BEIJING - People's business, better industries and a stable macro-economic environment by and large are three areas which the State Council will need to grasp this year, according to State Premier Li Keqiang who delivered his second government work report at the opening of the National People's Congress (NPC) and The Third Session of the 12th CPPCC National Committee held in ...
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Industrial profits dipped 4.2% in Jan-Feb '15
(Mar 31, 2015) BEIJING - Industrial profits dropped 4.2% on average in the first two months of the year, and those in state-owned companies and the mining business dropped the most, according to National Bureau of Statistics (NBS) of China. Key industrial companies in China made RMB745 billion in profit in the first two months of 2015, sliding 4.2% over a year ...
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China beefs up fundamental research for the future
(Mar 27, 2015) BEIJING - China will beef up four scopes of fundamental research in order to promote the development of future-looking technologies, a message sent from Xiangshan Science Conferences held in Beijing. Fundamental research is a source of new technologies and a cradle of high-end industries, according to Wan Gang, Minister of Science & ...
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Solar power firms expand out of China
(Apr 02, 2015) BEIJING - China National Building Materials Group Corporation (CNBM) and Sunpin Solar LLC will start installing solar glass panels on rooftops of Walmart's outlets, beginning an alliance to bring more Chinese-made solar glass to rooftops America. CNBM signed the contract with Sunpin Solar LLC this February, marking another milestone in its solar power business in ...
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The search is over: imported goods right at front doors
(May 03, 2015) SHANGHAI - Import tariffs on a group of consumer goods will be lowered by the end of June in a bid to arouse spending desire, a strategy nodded by the State Council in keeping retailers and consumers far and wide happy. Ever since consumption has become a core part of China's economy, where to spend and what to spend are the only ...
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Fujian and Guangdong primed for trade
(May 22, 2015) FUZHOU, Fujian - The provincial governments of Fujian and Guangdong nodded their economic cooperation zone developing plan, which will bring the two coastal provinces ever closer in facing China's grand development dubbed "One Belt One Road" or Silk Road Economic Belt. When Fujian and Guangdong see eye-to-eye, rounds of public-private cooperation projects, business ...
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Manufacturers say robot-for-labour trend irreversible
(Jun 09, 2015) DONGGUAN, Guangdong - A company producing cell phone parts hit the headline this May when its robot-dutied factory started operating, raising the question of whether labour-jammed factories of China will be something of the past one day. Although no one can tell exactly how big the industrial robot market in China will be, the ...
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Shandong a little closer to Korea in free trade
(Jul 10, 2015) WEIHAI, Shandong - Weihai Port Group, National Federation of Fisheries Cooperatives of Korea, and Taesan Group of Korea signed agreements on 2 July to bring more Korean aquamarine products to Weihai, Shandong province, expanding seafood trade, especially e-commerce, to other parts of China. The alliance will bring much Korean seafood to ...
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