China News Direct

 
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China Caps Energy Coal to Control Inflation
(Dec 16, 2011) The National Development and Reform Commission (NDRC) issued a note yesterday to put a cap on the price of energy coal, trying to keep fuel costs under control in 2012. A sharp rise in the price of energy, especially electricity, will have a big impact on society, says NDRC in ...
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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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CASS: Investment and Consumption Lead China's Economy
(Dec 12, 2011) The Chinese Academy of Social Sciences (CASS) sees slowing economic growths in China in 2011 and 2012, but in its view, the economy will keep running within a reasonable range. Investment and consumption will continue to lead economic growth in China next year although a few percentage points of growth ...
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China Development International Bases in Hong Kong
(Dec 07, 2011) CDB International Holdings Ltd. was opened in Hong Kong today, jointly formed by China Development Bank and its investment arm China Development Bank Capital Corporation Ltd. in search of international development and business alliance. Based in Hong Kong, CDB International will specialize in direct investment and asset management which help ...
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Bleak Steel Profits Ahead for China
(Dec 05, 2011) An oversupply of iron and steel has pushed more iron and steel companies in China to the verge of loss and looking toward 2012, the tension between market demand and supply will put great pressure on steelmakers. Major steel companies in China made a historic weak profit this October when ...
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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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Export-Import Bank to Supply RMB to IFC
(Nov 24, 2011) IFC has signed a strategic alliance agreement with state-owned Export-Import Bank of China to trade financial derivatives in the interbank market in China. The agreement signed in Beijing yesterday is an extension of strategic alliance and cooperation between the two in supporting and developing core projects, including livelihood projects in ...
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Power Investment Increases 8% in China
(Nov 22, 2011) Investment in nuclear power projects in China has not come to a standstill despite the negative impact the Japanese earthquake in March had on radiation, on the contrary, the investment in wind power which is dubbed environmentally friendly has declined. From January to October 2011, a total of RMB533.4 billion ...
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Shanghai Railway Prepares for Early Lunar New Year
(Nov 17, 2011) Shanghai Railway Bureau has already started repairing and adjusting 4,154 rail wagons in preparation for an early arrival of Lunar New Year traveling season which starts on January 8, 2012, eleven days ahead of the one in 2011. The passenger railway team of Shanghai Railway Bureau is doing surveys in ...
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