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Suzhou Entrepreneur Week Seals Over 1,000 Projects
(Jul 18, 2010) Suzhou, Jiangsu Province, is holding the Suzhou International Elite Entrepreneur Week 2010 which has attracted the attention of over 5,000 scholars, industry experts and venture capitalists. A total of 532 collaboration projects and 582 investment entrepreneur projects were signed at the event which is attended by 12 county-level cities, 17 ...
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Tianjin Binhai Plans RMB300bn Eco-investment
(Jul 18, 2010) Demonstrative new technologies, equipments and products will make debut at the First Tianjin Binhai Eco-city Expo to be held in Tianjin Binhai New Area from September 28 to October 3. Over the next three years, Tianjin Binhai will start 300 treatment and upgrading projects concerning transportation, water resources, energy and ...
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Steel Price In China Under Pressure Amid Low Demand
(Jul 15, 2010) Steel prices in China are under pressure as stockpiles are high and prices have already tumbled by 17% in Fujian Province for 12 consecutive weeks since mid-April. Steel prices averaged RMB5,704.65 per ton in mid-April in China but it dropped to RMB4,860.45 per ton in mid-July, a retreat of 15%, ...
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New Loan Growth Up 26% In Dalian In 1H2010
(Jul 15, 2010) Dalian City, Liaoning Province, has continued issuing new credits since the beginning of 2010. The credit balance surged to RMB82.6 billion in 1H2010, meeting 63.5% of the annual target of RMB130 of 2010. At the end of June, the credit balance of various Yuan credits issued by the banking institutions ...
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MetLife Opens Branches In Hubei
(Jul 15, 2010) The Hubei branch of MetLife was approved, which will be the 44th insurance company settling in Hubei Province. There were 20 property insurance companies and 23 life insurance companies opening branches in Hubei. More foreign insurers are expected to get into central China along with the development of inland provinces. ...
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Wuhan Trains More Seamen But Still Not Enough
(Jul 15, 2010) There are nearly 200 seamen training institutions in Wuhan, Hubei Province, setting up by domestic and foreign shipping companies including Maersk, I.M.Skaugen ASA and China Shipping Group. Wuhan has seven maritime-specialist colleges and institutions, training 5,000 seamen of all grades each year. It lets 20,000 seamen go overseas on duties ...
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Thai Delegation Visits Hubei To Forge Trade Tie
(Jul 15, 2010) A delegation led by the Board of Investment of Thailand (BOI) has visited Xiaogan, Hubei Province, to promote investment in Thailand. The delegation has visited key enterprises engaging in industries such as machinery manufacturing, food processing and electronics. Thailand has introduced a series of investment-friendly policies for foreign enterprises, including ...
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China's Money Supply Slowed From Its Peak At End of June
(Jul 15, 2010) As of the end of June, M2 money supply in China balanced at RMB67.4 trillion, a year-on-year growth of 18.5% which is slowing down from its peak. China's M1 money supply surged 24.6% to RMB24.1 trillion while M0 had outstanding value of RMB3.9 trillion, an increase of 15.7%. Financial institutions ...
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Wuhan Starts IPR-pledged Financing
(Jul 14, 2010) State Intellectual Property Office (SIPO) has given Wuhan City, Hubei Province a go-ahead to trial run intellectual property rights (IPR) pledged financing for a period of three years. IPR pledged financing is a form of guarantee loans under which patent holders pledged their patents or IPR for a loan. Like ...
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Ningxia Card Consumption Surged 75% In 1H2010
(Jul 14, 2010) Credit card consumption has become more convenient in Ningxia which is seeing more cards issued and widening usage. Credit card transactions in Ningxia surged 74.69% year-on-year to RMB12.78 billion in the first half of 2010. Banks in Ningxia issued 956,500 bank cards during the period, which added to total outstanding ...
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