China News Direct

 
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Jiangsu announces mega investment in transport
(Mar 25, 2014) NANTONG, Jiangsu - The Jiangsu provincial government has announced 200 fixed asset investment projects to be carried out in 2014, giving huge focus to transport infrastructure construction. The transport department in Jiangsu will invest at least RMB5.6 billion in highways this year. Existing highway projects, on top of the 4,443 ...
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Tianjin and Airbus to continue for more years
(Mar 28, 2014) TIANJIN - Aviation Industry Corporation of China (AVIC) will be jointly producing a thousand helicopters with Airbus Group for the China market, the latest Sino-European ties forged to expand the transport and aviation-financing markets. The helicopter division of AVIC sealed the contract on March 26 with Airbus to produce a ...
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Banks sign up RMB450bn financing projects in Yunnan
(Mar 11, 2014) KUNMING, Yunnan - Government-bank alliance drove new loan growth in Yunnan province to nearly RMB400 billion last year, and most of the money was invested in on-going big projects and direct investments. The provincial government of Yunnan signed cooperation agreements with 24 banks to provide RMB244.12 billion for all kinds ...
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Yunnan open the ways to top companies
(Mar 06, 2014) KUNMING, Yunnan - Yunnan Construction Engineering Group Co. Ltd. (YCEG) announces stellar growth in its overseas business, backed by China Export and Credit Insurance Corporation (Sinosure) and the provincial government's commitment to channel bank financing to industries. China Export and Credit Insurance Corporation (Sinosure) has upgraded the credit rating of ...
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China Southern Power Grid plans RMB80bn investments
(Mar 06, 2014) GUANGZHOU, Guangdong - China Southern Power Grid (CSG) announces to spend RMB80 billion on building smart power grids in Guangdong, Guangxi and Yunnan, signing with Duke Energy of the US to developing new energy in Shenzhen's Qianhai. China will develop smart power grid or ultra-high voltage transmission networks, aiming to ...
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Shanghai free to set forex deposit rates for FTZ
(Mar 06, 2014) SHANGHAI - Banks in Shanghai will give market-driven interest rates on small amount foreign currency deposits to individuals and companies in China (Shanghai) Free Trade Zone (FTZ), the first of its kind announced by the People's Bank of China (Shanghai) just a week before the 2nd Session of the National ...
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State Council says new economy rules
(Mar 05, 2014) BEIJING - State Council Premier Li Keqiang announced today at the 2nd Session of the 12th National People's Congress (NPC) held in Beijing that a batch of investment projects in financials, energy, resource development and public utilities will be opened to non-state companies, and in cleaning water, the investment runs ...
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Chinese cities step in to create technology
(Feb 24, 2014) WEIHAI, Shandong - The city government of Weihai, Shandong province will allocate RMB20 million in annual fiscal budget to let companies create technologies, a decision made after five Shandong companies were named national enterprise technology centers last October. Starting in 2014, the technology department of Weihai will create a special ...
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Guangxi plans RMB730bn investments just for Nanning
(Feb 12, 2014) NANNING, Guangxi - The regional government of Guangxi Autonomous Region is said to seek central government approval to make Beibu Gulf Economic Development Zone a free trade port facing ASEAN. It has planned RMB730 billion of infrastructure and industrial investments to modernize the capital city of Nanning. In January, the ...
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Shanghai FTZ changes service trade and logistics
(Jan 23, 2014) SHANGHAI - Companies continue to show their faces on China (Shanghai) Pilot Free Trade Zone (FTZ) which has become an instant gratification in seeking no murky business development. In just a few months, Shanghai FTZ has released at least 23 measures for services, lowering market entry thresholds for financial services, ...
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