China News Direct

 
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China Issues New Foreign Investment Directory, Cuts Restrictions
(Dec 30, 2011) A revised foreign investment industry directory index will take effect in China on January 30, lifting restrictions on foreign investment and promoting industry upgrading. The State Council, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOC) jointly issued the 2011-revised index on December 24 to open ...
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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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Market Expects Bigger Loan Growth for China in 2012
(Dec 20, 2011) New lending and M2 money supply are expected to grow slightly bigger next year in China which needs liquidity to keep the economy from faltering. The market expects a bigger scale of lending at about RMB7.5-8.5 trillion in 2012 in order to keep the economy running at a stable pace. ...
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HSBC's China PMI Shows a Year-end Boost
(Dec 16, 2011) The preliminary PMI announced by HSBC China with a reading of 49.0 points for December 2011 may only show a boost of year-end spending despite an increase of 1.3 points from November. HSBC announced on December 15 the preliminary PMI reading of China which climbed from 47.7 points in November ...
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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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China's FDI Dropped 9.76% in Nov., First in 28 Months
(Dec 16, 2011) Foreign direct investment posted a 13.15% growth in China from January to November but it dropped by 9.76% year-on-year in November, the first decline in 28 months. From January to November 2011, 25,086 companies were formed in China by foreign investors, showing a growth of 3.23% year-on-year. The amount of ...
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Import of Shanghai Port by Type of Enterprise Jan-Nov '11
(Dec 15, 2011) Import of Shanghai Port by Type of Enterprise Time: Jan-Nov '11, Unit : USD 100 million US$ 100 mn YoY(%) Total 2,839.670 21.1272 State-owned enterprise 516.898 18.9618 Foreign-invested enterprise 1,912.335 18.8746 Sino-foreign cooperative enterprise 31.146 45.6625 Sino-foreign joint venture 369.669 22.2380 Foreign wholly-owned enterprise 1,511.521 17.6372 Collective enterprise 30.160 ...
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Export of Shanghai Port by Type of Enterprise Jan-Nov '11
(Dec 15, 2011) Export of Shanghai Port by Type of Enterprise Time: Jan-Nov '11, Unit : USD 100 million US$ 100 mn YoY(%) Total 4,555.241 18.6305 State-owned enterprise 680.886 16.9853 Foreign-invested enterprise 2,603.203 14.5411 Sino-foreign cooperative enterprise 35.250 10.7878 Sino-foreign joint venture 597.089 15.2070 Foreign wholly-owned enterprise 1,970.864 14.4101 Collective enterprise 100.029 ...
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Import & Export of Shanghai Port by Type of Enterprise Jan-Nov '11
(Dec 15, 2011) Import & Export of Shanghai Port by Type of Enterprise Time: Jan-Nov '11, Unit : USD 100 million US$ 100 mn YoY(%) Total 7,394.911 19.5770 State-owned enterprise 1,197.783 17.8301 Foreign-invested enterprise 4,515.538 16.3371 Sino-foreign cooperative enterprise 66.396 24.8047 Sino-foreign joint venture 966.758 17.7978 Foreign wholly-owned enterprise 3,482.385 15.7888 Collective ...
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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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