China News Direct

 
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Tianjin Enriched With European Ambiance
(Mar 20, 2010) The Tianjin municipal government is going to build another European-style leisure zone that enriches the city's cultural and historical ambiance. The city government started investing RMB5.1 billion on building a British-style resort in March, after making a similar Italian theme district last year. The "British" zone on Tai'an Road will ...
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Anhui Makes Culture Its Pillar Industry
(Mar 19, 2010) The cultural business is developing fast in Anhui province which is expecting to garner an output value of over RMB100 billion in 2015. Anhui province has invested RMB234.55 billion in 550 cultural projects in the last five years, and has finished constructing 62 projects worth RMB32.87 billion. Some 105 projects ...
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Wuliangye's Net Profit up 79%, Brand Valued at RMB47bn
(Mar 19, 2010) Chinese winery Wuliangye Group achieved RMB11.129 billion of sales revenue in the financial year 2009, up 40.29% on-year. The wine company targets a 20% growth in sales revenue of core business and net profit in 2010, on top of the net profit of RMB3.245 billion of 2009, a growth of ...
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Li Ning Sees 10% Rise in Same-store Sales
(Mar 19, 2010) Li Ning Company Limited expects same-store sales to rise 10% in 2010 and gross profit margin to hover between 47% and 48%, says Chong Yik-kay, CFO of Li Ning Company. The sport apparel company plans to spend RMB200 million building a logistics park this year and boosts the number of ...
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Retail Sales Steadily Rising in China's Core Regions
(Mar 18, 2010) The three major economic deltas of China did total retail sales of RMB4.8 trillion in 2009, up 17.0% over 2008 with a growth rate 4.1 percentage points lower. The Yangtze River Delta materialized total retail sales of consumer goods of RMB2.5 trillion in 2009, up 16.8% on-year, down 4.1 percentage ...
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Shandong's Lushang Brings in Five-star Hilton
(Mar 18, 2010) Five-star hotel Hilton Hotel Management Group signed an agreement with Lushang Group on 18 March 2010, opening its first hotel at the Silver Plaza of Jinan, Shandong Province. The new five-star hotel will cover an area of 64,000 square meters renovated from the 50mu (1mu=1/6acres) of idle land of the ...
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Shandong Gold Net Profit Up 17%, Daily Production Broke Record
(Mar 18, 2010) Shandong Gold Group targets to achieve RMB24 billion of operation income this year, producing 18.20 tons of gold. Shandong Gold Group's mining and gold production reached 17.668 tons in 2009, an increase of 11.86% on-year. The company's sales income reached RMB23.36 billion, up 17.55% on-year, a growth driven by the ...
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Chongqing Rural Commercial Bank Allocates RMB10bn to Agriculture
(Mar 17, 2010) Chongqing Rural Commercial Bank will allocate special project funds of RMB10 billion to peasants and farm households in both the northeast and southeast tips of the municipal. Apart from policy and technological support, Chongqing has done a great job in giving financial aid which has been plaguing many peasants. About ...
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Van Cleef & Arpels Focuses Expansion on China
(Mar 17, 2010) French jeweler Van Cleef & Arpels will give priority to developing the mainland Chinese market, planning to double the number of outlets in 2010, says Stanislas De Quercize, CEO of the jeweler. Quercize says that Van Cleef & Arpels is going to open 7 shops this year, the same number ...
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Anhui to Open its First Local Franchise Market in Late March
(Mar 17, 2010) Anhui province will trial run its first large-scale franchise market in Shushan District, Hefei city in late March, selling Anhui-grown famous products and farm produce. The franchise market covers construction area of 13,000 square meters and is Anhui's first large-scale one-stop market which sells the province's specialties. The market will ...
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