China News Direct

 
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Beijing To Develop the Last Business District
(May 19, 2009) Beijing will invest RMB60 billion to build Lize Business District in Fengtai district, according to the Organizing Committee of the China Beijing International Hi-Tech Expo (CHITEC). The organizing committee of CHITEC said that Lize Business District will achieve a total economic output of RMB20 billion each year upon completion, becoming ...
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Dongguan Exports Dropped Sharper Than Guangdong
(May 19, 2009) Dongguan in Guangdong province recorded total external trade value of US$25.18 billion in the first four months of 2009, down 30% over the same period last year, and the rate of decline was higher than that of Guangdong and the whole country, said Huangpu Customs in Guangzhou. The export of ...
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Hunan's Yueyang Gives Priority to Tourism and Logistics
(May 18, 2009) Yueyang, Hunan province vows to increase cooperation with Hong Kong's business community. Huang Lanxiang, mayor of Yueyang city, said at an investment promotion fair on May 17 that the city will promote tourism and develop modern logistics. Yueyang is a national-level historical and cultural city and it is one of ...
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State Council Plans More Measures for Taiwan
(May 18, 2009) Secretary of Taiwan Affairs Office of the State Council Wang Yi has announced eight supportive measures that help boost Taiwan's stagnant economy. At the First Cross-Straits Discussion Forum held on May 17, Wang announced that the new measures aim to push mainland Chinese trade and investment in Taiwan, encourage Cross-Straits ...
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China Imported Fewer Hi-tech Products in Weak Economy
(May 15, 2009) Amid the financial crisis, China sells fewer machinery and electronic products and also buys fewer high-tech products from the US. In the first quarter of 2009, China's exports of machinery and electronic products to the US dropped 16.9% on-year to US$27.48 billion which accounted for 60.4% of China's total exports ...
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Sino-US Trade down 15.7% in 1Q '09
(May 15, 2009) China Customs data shows that in the first quarter of 2009, Sino-US bilateral trade value dropped 15.7% on-year to US$62.08 billion, accounting for 14.5% of China's total external trade in the first quarter. During the period, China's exports to the US dropped 14.9% on-year to US$45.52 billion while imports from ...
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Hebei's Langfang To Sign RMB60bn Projects
(May 14, 2009) The 12th China (Langfang) International Economic & Trade Fair will open on May 18 in Langfang city of Hebei province, highlighting high-tech, modern services and manufacturing investments. Officers from Langfang said the city plans to sign 200 project contracts with total investment value of RMB60 billion. There will be 30 ...
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State Council Approves RMB63bn Tech Programs
(May 14, 2009) China will allocate RMB32.8 billion in 2009 and RMB30 billion in 2010 to support 11 major technology programs. Chinese Premier Wen Jiabao held an executive meeting of the State Council on May 13, which approved the plan to support 11 technology programs. These programs include development of high-end computer numerical ...
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Hongkong and Shanghai Hotel Room Rate Down After Crisis
(May 14, 2009) The Hongkong and Shanghai Hotels, Ltd. reported a double-digit decline in hotel room rate in the first quarter of 2009, negatively affected by the global economic slump. The Hongkong and Shanghai Hotels chairman Michael Kadoorie has expressed concerns about the current financial crisis, seeing the crisis may last for a ...
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Tencent Profits from Value-added Services
(May 14, 2009) Tencent Holdings Ltd. announced a net profit surge of 93.8% in the first quarter of 2009, thanks to the strong performance of Internet value-added services. Ma Huateng, chairman of Tencent, said that the Chinese Lunar New Year, students' winter vacation, and newly launched on-line games had boosted the growth of ...
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