China News Direct

 
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Financial Turmoil No Show in China's Tourism
(Dec 28, 2011) The tourism industry brought China an income slightly over RMB6 trillion during the 11th Five-year Plan (2006-2010) period, showing an annual growth of 15.3%. The State Council issued a tourism industry report today, highlighting that the country received a total of 9.37 billion tourists and reaped a total income of ...
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RMB660Mn Industry Fund for Cloud Computing Projects
(Dec 25, 2011) As many as five cities have received the first batch of special industry funds in the grand value of RMB660 million this October for the development of cloud computing and related technology, according to a report by China Securities Journal. The five cities, Beijing, Shanghai, Hangzhou, Wuxi and Shenzhen, will ...
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Beijing Makes Social Security Cards Job-friendly
(Dec 16, 2011) The Beijing municipal government plans to add employment functions to its social security cards in order to smooth the management of unemployment and other job-related public services between rural and urban areas. During the 12th Five-year Plan (2011-2015) period, the municipal government plans to add financial functions and employment functions ...
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Taobao Earns Record-breaking RMB4.3Bn in One Day
(Dec 15, 2011) China's e-commerce giant Taobao.com registered record-breaking transactions of RMB4.3 billion on the day of December 12 when it staged a seasonal promotional and discount sale activity, according to John Spelich, spokesperson of Alibaba Group, the parent company of Taobao. The magic of online sale was once again performed in China ...
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China To Regulate Internet Shopping
(Dec 14, 2011) A new administrative measure about internet shopping will go into legislation in China next year as the government sees the need to regulate a market which is growing at a pace of 100% year after year. In an interview with China National Radio (CNR), Chang Xiao-cun, Secretary of Market Order ...
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China's Railway Too Big to Fail Passengers
(Dec 14, 2011) The Ministry of Railway of China is already feeling the pressure to do a good job in taking hundreds of millions of passengers home this Lunar New Year traveling season which spans as many as 40 days from early January to mid-February. The ministry estimates that about 235 million passengers ...
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China's IT Industry Development Plans in the Pipeline
(Dec 13, 2011) A string of industry development plans for the information technology, broadband, communications and industry restructuring are scheduled to be released after the Central Economic Work Conference held in December, transforming and creating an IT industry which leads investments worth RMB2 trillion. Sources told mainland's Economic Information in early December that ...
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E-commerce Chains Chongqing's Logistic and Capital Flows
(Nov 28, 2011) Chongqing is just the 14th biggest e-commerce markets in China in terms of participants today but over the next few years, it expects a head-to-toe remake in the e-commerce industry which will boost its IT flow, logistic flow and undoubtedly capital circulation already touching US$30 billion. Chongqing has about 13.96 ...
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Transport Investment Grows 11.5% on Robust Domestic Trade
(Nov 28, 2011) Fixed asset investment in transport infrastructure in China broke RMB1 trillion from January to October thanks to robust domestic trade by land and by water. The Ministry of Transport reveals that from January to October 2011, fixed asset investment in transport infrastructure amounted to RMB1.14 trillion, showing a growth of ...
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Only Online Sales Can Make It
(Nov 24, 2011) Only online sales will be able to make it when hundreds of millions of dollars of transactions are required to be done in a matter of several minutes. Taobao.com made it on November 11. Online sales will be able to deliver the kind of exponential or explosive-type of sales at ...
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