China News Direct

 
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China Announces GDP Growth of 8.1% for 1Q '12
(Apr 13, 2012) China made a GDP growth value of RMB10.80 trillion in the first quarter of 2012, growing at 8.1% year-on-year which is higher than the government's target of 7.5% for the year. In the first quarter, the secondary industry led with a GDP value of RMB5.15 trillion, growing 9.1% year-on-year. The ...
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China Diversifies Foreign Direct Investment Despite Challenges
(Apr 12, 2012) The Chinese government will continue to improve the business environment in support of foreign direct investment (FDI) despite challenges in the global economy. The Ministry of Commerce (MOC) has announced that in February 2012, China accepted foreign direct investment of US$7.73 billion, a drop of 0.9% year-on-year and a sliding ...
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Industrial Profits in China Dropped 5.2% Ended Feb '12
(Mar 28, 2012) Major industrial companies in China made less profit in the first two months of 2012 although sale revenues from core businesses had surged. In January and February, major industrial companies reaped sale revenues of RMB12.08 trillion, an increase of 13.4% year-on-year. However, the profits they made dropped 5.2% year-on-year to ...
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Central Bank Survey: Chinese Companies Expect Increased Activities
(Mar 21, 2012) A central bank poll shows that the prospect of business operation in China has stayed in the doldrums in the first quarter of 2012 but more companies are expecting a better future. The People's Bank of China (PBOC) issued the first-quarter corporate survey indexing the prospect of business operation at ...
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China Earns RMB2Tn Fiscal Income in Feb '12
(Mar 12, 2012) The Chinese government collected fiscal incomes of RMB2.092 trillion in January and February, an increase of 13.1% year-on-year, but the collection of personal income tax and stamp duty on securities transactions had dropped. In January and February 2012, the Ministry of Finance (MOF) collected RMB2.092 trillion of fiscal incomes, an ...
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Guangzhou Earns Half of Guangdong's Service Outsourcing Contracts
(Mar 09, 2012) Guangzhou, Guangdong province did US$3.46 billion of service outsourcing work in 2011, sharing 64% of the total value of Guangdong. Guangzhou had registered 625 service-outsourcing companies which employ about 220,000 workers, accounting for half of Guangdong's total. These companies did US$3.46 billion of outsourcing business, an increase of 88.5% year-on-year ...
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China Lowers GDP to 7.5% to Sustain Economic Growth
(Mar 07, 2012) It is pragmatic for the Chinese government to target a 7.5% GDP growth this year given the constraints in resources and the current economy. Professor Han Fu-ling at the Applied Finance Faculty of Central University of Finance and Economics (CUFE) said in an interview with China News that the 7.5% ...
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Premier Wen Jia-bao Sees Room for Improvement
(Mar 05, 2012) There is room for improvements in the government's work, according to State Council Premier Wen Jia-bao who delivered the government work report at the 5th Annual Session of the 11th National People's Congress (NPC) opened in Beijing today. On the international front, Premier Wen sees doubled pressure on emerging economies ...
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China Sets GDP Growth at 7.5% to Reflect Change
(Mar 05, 2012) China's State Premier Wen Jia-bao has announced the GDP target for 2012, putting the growth at 7.5% which is below 8% for the first time in eight years. The Chinese government opened the 5th Annual Session of the 11th National People's Congress (NPC) today in Beijing with Premier Wen delivering ...
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China Finds the Right Time for Energy Price Reform
(Feb 29, 2012) The Chinese government will find the right time this year to reform energy prices, aiming to create the least impact on society when matching energy prices with prevailing economic development. National Development and Reform Commission (NDRC) which is in charge will take into consideration the sustainability of society in changing ...
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