China News Direct

 
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Anhui seals RMB200bn financing deal
(Oct 09, 2012) The provincial government of Anhui has signed a framework agreement with Agricultural Bank of China to ensure financing for various industries and services over the next couple of years. Anhui and the bank sealed the deal on September 27 to secure a credit line of RMB200 billion which will fund ...
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Zhejiang Aims High in Sea-based Industries
(Sep 27, 2012) At the 2nd China Ocean Economy Investment Discussion Forum held in Ningbo in mid-September, Zhejiang province, local companies signed up 91 sea-industry projects, putting a total investment of RMB212.7 billion under contract. The provincial government and companies in Zhejiang have high hope of building strong sea-based industries. In 2012, a ...
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Sea-based Economy Energizes Chinese Coastal Provinces
(Sep 26, 2012) Coastal provinces in China from Liaoning province off the Bohai Sea to Hainan Island in the south are making their own sea-based economic and industry development plans, tapping ocean resources and related industries worth more than RMB7 trillion. The economic value of the sea has caught the attention of more ...
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Shenzhen Leads China in New Drug Development
(Aug 31, 2012) Shenzhen is leading the rest of China in biomedical and pharmaceutical developments, creating an output value of RMB16 billion a year but much work is needed to be done to break constraints. The biomedical industry is developing quite rapidly in Shenzhen which is leading China's new drug creation and industrializing ...
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Henan Relaxes Measures, Cuts Fees for Small Companies
(Aug 30, 2012) Henan province will relax administrative measures and change policies for micro and small start-up companies, allowing them to engage in research and development of technology and new media not banned by law. Entrepreneurship has never been easy, which applies equally to Henan. Now, the provincial government is going to relax ...
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Fujian Gives Say to Private Investments in Public Services
(Aug 27, 2012) Fujian province's Provincial Pricing Administration has just released 15 measures in this August to encourage private investments in public services which include building affordable housing for the low-to-medium income groups and providing waste treatment services at a premium. The Fujian provincial government will support private companies in building affordable housing ...
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Chinese Companies Turn Investment Interest to Lhasa, Tibet
(Aug 20, 2012) Private companies across China are looking at Lhasa, the capital city of Tibet, for investment opportunities, an attempt to stir all-round developments in the autonomous region. . In an investment fair held in Lhasa on July 30, about 300 corporate representatives from 18 provinces and regions of China including Beijing, ...
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Covidien Opens R&D Base in Shanghai
(Aug 21, 2012) Medical equipment giant Covidien has opened a research and development center in Shanghai on August 2, designing customized products for the Chinese and emerging markets. Covidien has spent US$45 million and three years on building the centre which will focus on research, development and design of customized products. The centre ...
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Shanghai's ZJ Innopark Invests RMB100bn in Technology Development
(Aug 13, 2012) ZJ Innopark of Shanghai will invest RMB100 billion more in independent innovation over the next five years, focusing on technology development. ZJ Innopark is the third national independent innovation demonstration zone in China. It plans to invest RMB20 billion in industrial technology development each year over the 12th Five-year period ...
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China Strikes to Balance Wage Growth
(Aug 08, 2012) China is working hard at striking a balance between an increase in wage and GDP growth, hoping to keep people's livelihood in line with the country's economic prosperity. The increase of minimum wage in China has slowed down slightly from last year's 22% to an average of 19.7% in the ...
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