China News Direct

 
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Shenzhen subsidizes investments in Qianhai
(Mar 28, 2013) SHENZHEN - Companies registered or invested in Qianhai Shenzhen Hong Kong Cooperation Zone (Qianhai) in the form of equity investment are eligible for a maximum fiscal subsidy of RMB50 million by the Chinese government. Shenzhen Fiscal Commission and Shenzhen Qianhai Management Board jointly issued a special funding administrative measure on ...
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Retailers' search of online success
(Mar 25, 2013) SHANGHAI - Selling imported products online or via mobile devices seems to be a recipe for many Chinese retailers tenacious of making a profit. The biggest internet supermarket in China, Yihaodian based in Shanghai, announced a 250% increase in sales revenue in 2012. Among all products, the sales of imported ...
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Shanghai's e-commerce on the rise
(Mar 13, 2013) SHANGHAI - The traditional manufacturing base around Shanghai and retailers' branching out online have brought Shanghai's e-commerce transactions to a value of RMB700 billion, and even brighter days are waiting ahead. The value of e-commerce transactions staged an average yearly growth of 23% in Shanghai from 2007 to 2011, and ...
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Shanghai values high-end services
(Mar 15, 2013) SHANGHAI - Shanghai will need to find growth in high-end services and production services if it is to brew 10% more of GDP from the tertiary industry. In 2012, Shanghai produced 60% of GDP growth from the tertiary industry, meaning for every RMB10 of GDP the city generated, RMB6 came ...
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Fujian helps small companies find loans
(Mar 04, 2013) FUZHOU, Fujian - Government-bank alliance has helped small companies in Fujian province find bridging loans scaling up to RMB600 million in six months, and another RMB200 million of loan is awaiting approval. A new source of financing proposed in September 2012 by Fujian Provincial Economic and Trade Commission, Federation of ...
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Hunan earns RMB1.6bn from trade exhibitions
(Mar 04, 2013) CHANGSHA, Hunan - Direct trade exhibition incomes of nearly RMB1.6 billion have encouraged Hunan province to hold more trade events in the coming years, taking advantage of its proximity to the Pearl River Delta in the south and the Yangtze River Delta in eastern China. Hunan plans to hold 410-430 ...
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97% of Chinese companies want EU exposure
(Feb 07, 2013) BEIJING - Hardship will not deter Chinese companies from investing and doing business offshore and 82% of Chinese companies surveyed said they would increase investments in Europe. In January, European Union Chamber of Commerce (EUCC) in China released a report on Chinese investments in Europe, saying despite high costs and ...
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Specific planning called to ease China's aging pain
(Feb 28, 2013) BEIJING - China is going to have an elderly population of over 200 million but the services available for them are lacking. The first blue book on China's elderly condition, China Old Age Industry Development Report 2013 issued by China Research Center on Aging (CRCA), points out a lack of ...
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Beijing to fill 480,000 new jobs in 1H '13
(Feb 25, 2013) BEIJING - As many as 480,000 new jobs will need to be filled in Beijing in the first half of 2013 and employees in the capital city can expect an average 8% growth in the minimum wage, a poll shows. Beijing Municipal Human Resources and Social Security Bureau did a ...
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Guangdong's production services grow at 18%
(Feb 21, 2013) GUANGZHOU, Guangdong - The provincial government of Guangdong issued in this January a 12th five-year development plan for the production servicing industry which is expected to take the manufacturing sector to a higher level. Despite years of experience in the manufacturing sector, Guangdong needs to upgrade production services and creates ...
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