China News Direct

 
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Zhangzhou, Fujian seeks growth with Taiwan Glass
(Aug 05, 2013) ZHANGZHOU, Fujian - Taiwan Glass Group's second production line in its Zhangzhou factory, TG Fujian Photovoltaic Glass, started commercial production yesterday, ready to make half a billion of yuan of output a year. The increased production capacity of Taiwan Glass in Zhangzhou has created favourable conditions for Zhangzhou in creating ...
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Anhui wants foreign investors in high-end industries
(Aug 01, 2013) WUHU, Anhui - The provincial government of Anhui has officially included the manufacturing of crude oil rigs, provision of elderly healthcare and five other industries to its list of favourable industries opened to sino-foreign joint ventures and cooperation, effective June 10. This is the third time Anhui thinks more industries ...
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Guangxi smoothes remittance for international trade
(Aug 01, 2013) NANNING, Guangxi - Dongxing National Development Zone will be the second trial zone after Zhejiang's Yiwu to implement easier personal cross-border trade settlement in Renminbi, which will boost the amount of cross-border RMB clearance beyond RMB10 billion this year and will bring trade value up by times in the coming ...
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Shenzhen's manufacturers look beyond
(Jul 30, 2013) SHENZHEN - About 300 manufacturers based in Shenzhen are said to form an alliance to venture offshore, searching for new markets, not just emerging markets, and creating bigger room for manufacturing and sale distribution. The 300 or so manufacturers hope to combine their trade experience and production advantages in sailing ...
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Shenzhen's quest for labour upgrade
(Jul 25, 2013) SHENZHEN - Shenzhen has a shortage of technicians, which has become a major issue in restraining growth, a poll by Shenzhen Academy of Social Sciences (SASS) finds. It is neither the demand for capital nor the lack of investment projects that has been holding Shenzhen back. The real issue is ...
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China, US, Singapore in shale gas projects
(Jul 15, 2013) CHONGQING - Yufu Industrial Park in Chongqing's Liangjiang Developing Zone will house four shale-extracted natural gas exploration projects which are jointly invested by U.S, Singaporean and Chinese companies, projected to create output value of tens of billions of yuan a year. A number of strategically important industries, such as new ...
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China approves loans on forestry assets
(Jul 22, 2013) BEIJING - China Banking Regulatory Commission (CBRC) has announced a breakthrough measure to let forestry and wood business operators pledge forestry assets, operating contracts or management rights for bank loans, the latest move of the bank watchdog to flow liquidity to different industries. China Banking Regulatory Commission and State Forestry ...
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China clears stumbling block in small lending
(Jul 05, 2013) BEIJING - It's a long road for banks in China to lend at ease to micro and small companies as credit and insufficient credit information remain the two biggest hurdles in small lending, but some changes are about to take place. In response to the State Council?s announcement of Document ...
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Banks give RMB75bn credit to private firm
(Jul 06, 2013) CHONGQING - A group of 66 private companies based in Fuling District, Chongqing has formed an investment arm Fushang Investment Group to invest in financial services and properties, garnering bank credit facilities as much as RMB75 billion soon after formation. With a strong background and a business focus on financials, ...
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Cotton price weighs on China's textile competitiveness
(Jul 09, 2013) YANCHENG, Jiangsu - Jiangsu-based Dahong Textile Group Shareholding Co. Ltd. has been approved to invest US$100 million in setting up a textile and agro-processing industry park in the African country of Tanzania, the latest move by Chinese textile firms to spread overseas to attain competitiveness. The first overseas agro-processing project ...
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