China News Direct

 
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China Seven Star Shopping Expects a Loss Year
(Dec 30, 2008) China Seven Star Shopping Ltd. has issued a profit warning, expecting volatile business and tough competition. China Seven Star Shopping expects to see losses for the full year of 2008, and it recorded a loss of RMB66.66 million in the interim period. A deteriorating business environment in TV shopping business ...
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Mainland Brings in More Policies to Promote Cross-strait Cooperation
(Dec 22, 2008) The Chinese government has introduced a series of measures to strengthen cross-strait cooperation, hoping to work hand-in-hand with Taiwan amid the global financial tsunami. Taiwanese enterprises in the mainland can now enjoy the same preferential policies on tax and credit as mainland enterprises do, and at the same time, they ...
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More Sommelier Seats to be Filled
(Dec 21, 2008) Corporate layoffs after the financial tsunami has sent the number of people joining sommelier courses up the sky, giving the wine industry a golden opportunity to find new blood. Some sommelier courses have seen an 80% surge in sign-ups and many attendees are wine lovers from the financial services and ...
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Taikoo Aircraft Engineering To Train 1,000 Technicians
(Dec 18, 2008) Taikoo (Xiamen) Aircraft Engineering Co. Ltd. (TAECO) opened its new training center in Xiamen, Fujian province, expecting to train 1,000 cadet aircraft engineering technicians. TAECO chairman Chen Bingjie said the training center, with a total investment of RMB300 million, currently has about 70 instructors and will be able to accommodate ...
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Xiamen's Temporary Residents to Visit Taiwan
(Dec 18, 2008) China's Ministry of Public Security (MPS) appointed Fujian's Xiamen as the only pilot city in China to allow temporary or non-permanent residents to visit Taiwan. Since December 20, mainland Chinese residents who have lived in Xiamen for over a year can apply for a visa to visit Taiwan. An official ...
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Modern Services to Expedite Economic Development
(Dec 18, 2008) The way China can expedite economic growth is to change the pattern of development, said Wu Jinglian, researcher of Development Research Center of the State Council on the Peking University, Shenzhen Forum on December 16. Wu believed that an industry upgrade in coastal China should focus on and turn to ...
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ASEAN Seeks Tourism Cooperation With China
(Dec 18, 2008) Several government officials from ASEAN appealed on December 17 in Guangxi's Guilin for more tourism cooperations with China. The financial tsunami strikes the tourism industry of Southeast Asian Nations. Vangorattanavong, deputy director of Lao National Tourism Administration, expressed that China was a large tourist market and a big source of ...
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Modern Beauty Benefits from Weak Time
(Dec 18, 2008) Hong Kong-based Modern Beauty Salon Holdings Ltd. (Modern Beauty) sees business opportunities amid the financial tsunami. Chief Operating Office Yuen Siu-ping said the number of customers had increased by 3,000-4000 a month recently since many small beauty salons had closed. This drives more consumers to beauty groups that have greater ...
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Hung Hing Printing Sales Slowing Down
(Dec 17, 2008) Hung Hing Printing Group Ltd. will cut capital expenditure in the second half of 2008. Matthew Yum, managing director of Hung Hing Printing, expressed the company had recorded losses in its paper manufacturing business in recent months due to an over-supply in mainland paper industry. He also has a dim ...
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Tradelink Picks Shenzhen to Expand E-Commerce
(Dec 17, 2008) Tradelink Electronic Commerce Ltd. confirms a 20% investment in a state-owned IT enterprise in Shenzhen. The e-commerce company will pay RMB20 million for a 20% equity stake of Guangdong's Nanfang Coastal Technology Services which engages in computer software development and IT consultation services. Tradelink may raise its equity investment in ...
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