China News Direct

 
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Stage curtain rises for internet banking
(Jan 05, 2015) SHENZHEN - State Premier Li Ke-qiang made a new-year trip to Shenzhen in early January, inaugurating China's first internet-based private bank and blessing a business with the sky as the limit. Chinese internet service giant Tencent Holdings Group made debut its internet micro bank, WeBank, in Shenzhen's Qianhai financial area on 4 January. Licensed to ...
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China cultivates entrepreneurial spirit
(Jan 15, 2015) BEIJING - State Premier Li Ke-qiang announced on January 14 the formation of a national strategic industry investment fund for entrepreneurs, grouping public and private money of about RMB40 billion for start-ups and mid-cap companies. The State Council supports all kinds of business growth related to new industries or industries with strategic value, a message ...
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Chongqing drives cross-border e-commerce to billions of yuan
(Sep 24, 2015) CHONGQING - There were more than a hundred cross-border e-commerce companies formed and registered in Chongqing ended June this year, offering imported goods at least 20% cheaper than those offered by traditional retailers. Cross-border e-commerce companies offered imported goods at least 20% less than the same offered by ...
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Internet retail sales did not set back
(Jul 15, 2015) BEIJING - Retail sales of consumer goods jumped 10.4% in China in the first half of the year, but internet-driven retailing posted a 40% growth, sharing a tenth of China's retail spending. A State Council-supervised report reveals that internet consumption, including retailing, will be heavily promoted under China's "Internet plus" policy. Retail sales of ...
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New materials, new products mean more profits
(Aug 03, 2015) CHANGSHA, Hunan - Cable and wire manufacturer Gold Cup Electric has developed an aluminum alloy conductor which will save 30% of costs in producing wire, minimizing fluctuations arising from copper. Gold Cup Electric of Hunan has set the future standards of wire and cable in China when it announced the successful making of aluminum wire and ...
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Something to watch as Fujian commits to 3D printing
(Sep 15, 2015) FUZHOU, Fujian - Fujian Development and Reform Commission (FDRC) and Fujian Provincial Economic and Information Technology Commission (FEITC) last week jointly released an action plan for the 3D printing industry over 2015 to 2017, calling the creation of two to three companies competitive in developing and applying 3D printing technology. ...
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All about robots and growth
(Sep 28, 2015) SHENYANG, Liaoning - Sales orders for industrial robots made in Shenfu New Town Robot Industrial Park in Shenyang, Liaoning province are said to be lined up for 2016, saying robots whether for production or service work are in demand. Manufacturers in Guangdong's Pearl River Delta hit the headlines this year when they put robots on production lines. The trend to use robots has spread to ...
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Equipment manufacturers act more like solution providers
(Oct 19, 2015) SHENYANG, Liaoning - To be strong and not just big will probably be the only way for China's machine tool manufacturers which need to follow market requirements to move up. Mazak Machine Tool of Japan formed a subsidiary, Ningxia Little Giant Machine Tool, in Yinchuan, Ningxia Autonomous Region of China. Little Giant Machine Tool is ...
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Fujian invests RMB2 billion in cultural development
(Aug 28, 2015) FUZHOU, Fujian - The Fujian provincial government will form an industry investment fund of RMB2 billion for the cultural industry, pulling part of the RMB500 million from the private sector. The cultural industry development and investment fund will be formed in two phases. There will be RMB800 million of funds in the first phase of ...
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Services and advanced manufacturing applauded
(Oct 30, 2015) BEIJING - The service sector and advanced manufacturing captured the most foreign direct investments (FDI) in China in the first three quarter this year, a scenario applauding China's national efforts of upgrading industries. Chinese companies in the service sector and those in high-tech manufacturing captured the most foreign capitals, ...
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