China News Direct

 
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Mainland Chinese To Buy More From Taiwan
(Dec 31, 2009) The total amount of mainland Chinese procurement of Taiwan-made commodities and products reached US$14 billion in 2009, accounting for 7.6% of Taiwan's total export amount in the first 11 months of the year, according to Fan Liqing, Spokesperson of the State Council Taiwan Affairs Office. The procured products include electronic ...
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Yunnan Reaches out to Indochina and India
(Dec 30, 2009) Yunnan province in southwest China will invest RMB260 billion on building transport network linking Southeast Asia and South Asia in the next 10 years, making Yunnan a modern logistics center, Xiao Yangzhu, Deputy Director, Yunnan Department of Commerce revealed in Kunming. Yunnan is currently constructing roads accessible to seven provinces ...
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Sales of Building Material Rose 11% in Fujian
(Dec 25, 2009) From January to November 2009, above-scale building material enterprises (those with an annual sales of over RMB5 million) in Fujian province recorded industrial output value of RMB121.3 billion, an increase of 11.5% on-year. They completed sales output value of RMB118.3 billion, an increase of 10.9% on-year with a sales rate ...
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Seven Banks Back Shenzhen-Hong Kong East Corridor
(Dec 31, 2009) Shenzhen-Hong Kong Cross-boundary Highway is expected to complete construction in 2012 at an investment of RMB6 billion. Seven banks led by State Development Bank, China Construction Bank Shenzhen Branch, Agricultural Bank of China Shenzhen Branch and China Citic Bank Shenzhen Branch will provide a syndicated loan of RMB4.5 billion to ...
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Nepal and China Open To Wider Cooperation
(Dec 30, 2009) Nepal and China's Tibet Autonomous Region have broad space for bilateral cooperation, Nepal Prime Minister, Nepal revealed at a speech at Tsinghua University in Beijing on 30 December 2009. Nepal indicated China-Nepal had a broad space for cooperation in fields of civil aviation, trade, agriculture, animal husbandry and tourism. Nepal ...
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TDC: Price-right Products Will Keep Hong Kong's Exports up
(Dec 30, 2009) Hong Kong's exports is expected to grow 5% on-year in 2010 and yet the overall development will not recover to the pre-crisis level until 2011, according to Hong Kong Trade and Development Council (HKTDC). It is estimated that exports in December and the first quarter of next year will post ...
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China's Retail Sales Outperformed Foreign Trade
(Dec 25, 2009) The total amount of retail sales in China is expected to increase more than 15% year-on-year, according to Chen Deming, Minister of Commerce (MOC). The total retail sales of merchandise soared 15.8% year-on-year in November and grew 15.3% year-on-year from January to November, a growth much stronger than imports and ...
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PBOC: Transiting Economy Needs Dynamic Monetary Policy
(Dec 23, 2009) Monetary policy as part of the macro-economy in China should focus on four goals of maintaining low inflation, high employment, economic growth and balance of international payments, Zhou Xiaochuan, governor of the People's Bank of China (PBOC) revealed at the 2009 Chinese Financial Forum. Zhou indicated the right approach is ...
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Trade Remedial Work More Difficult for China
(Dec 22, 2009) China's imports and exports are facing severe and complicated challenges next year, creating more pressures for the government in remedying trade. The growing trend of international trade protectionism and increasing international competition have sent the number and amount of trade frictions against products from China to record heights. As of ...
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Taiwanese Merchants Business Turns Sour After Financial Tsunami
(Dec 18, 2009) A survey shows that the financial tsunami has frustrated Taiwanese merchants in mainland China, taking away at least 10% of sales orders and profits. Taiwanese merchants in mainland China have suffered severely from the economic crisis. Over 60% of the companies surveyed had export dropped tremendously and 80% Taiwanese merchants ...
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