China News Direct

 
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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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Shanghai Writes Long Views in Overseas Direct Investment
(Aug 01, 2012) Shanghai will continue to encourage local companies to invest overseas and provide labour servicing work, keeping overseas direct investment warm. Companies in Shanghai are encouraged to go long-haul in international mergers and acquisitions, equity investment, capital expansion and reinvestment. The city government encourages local companies to take a long-view vision ...
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High Costs Bring China's State Profit Down
(Jul 27, 2012) High costs have hit the bottomline of many state firms in China, which have shown a double-digit decline of 11.6% in total profits in the first half of 2012. In the first six months, state-owned firms and state holding enterprises in China were making more revenue and paying more taxes, ...
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China's Overseas Direct Investment Shifts Focus
(Jul 26, 2012) China's overseas direct investment showed a nearly 50% growth in the first half of 2012, and the investment in Hong Kong topped the list with a nearly 60% jump. In the first half of 2012, cumulated overseas direct investment from mainland Chinese investors jumped 48.2% year-on-year thanked to active mergers ...
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Beijing Grows on Technology, Signs RMB120Bn Contracts
(Jul 18, 2012) Beijing signed over 27,000 technology contracts in the first half of 2012, creating a turnover of RMB120 billion of which a majority was originated from strategic emerging industries. In the first six months, Beijing signed 27,577 technology contracts, showing a year-on-year growth of 29%. In terms of value, over 80% ...
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IBM Brings Cloud Computing Edge to Northeast China
(Jul 11, 2012) IBM opened its first cloud computing centre in the northeastern region of China on July 9, making the centre its third cloud computing base in China. IBM's Northeast Cloud Computing Center is based in Liaoyuan City, Jilin Province, which enables IBM to build digital facilities in China's northeastern provinces and ...
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