China News Direct

 
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China's Computers Find Good Prospects in Russia
(Dec 08, 2009) In the first 10 months of 2009, the volume of China-made computers sold in Russia has surpassed the volume of last year. Lenovo and other Chinese computer brands had sales grown by 128% and sales will increase substantially with the advent of Christmas season. At present Russia has a total ...
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CASS Sees China in Moderate Growth in 2010
(Dec 08, 2009) The 2010 "Economic Blueprint" released by Chinese Academy of Social Sciences (CASS) yesterday forecast that mainland China's GDP growth will reach 9% next year and the CPI growth will remain within 3%, meaning no apparent inflation. The 9% GDP growth is based on the condition that the global economic downturn ...
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China Continues To Import Coal, Demand Remains Strong
(Dec 06, 2009) Economic development will continue to drive growth in demand for coal, Vice President of the China National Coal Association, Kang Ji-min said at the Shandong Coal Economic Forum. Along with the increasing market confidence and investment growth, economic growth is expected to pull coal demand. In the first 10 months ...
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Guangzhou Proposes Regional Logistics and Circulation Cooperation
(Dec 05, 2009) Guangzhou is planning to construct a circulation service industry cooperation pilot zone with Hong Kong and Macau, as revealed in its international investment promotion conference on 4 December, 2009. The project involves an investment of RMB15 billion which is also the biggest project released in the conference. At present, a ...
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Software Industry Becomes New Star in China
(Dec 03, 2009) The software industry in China is going to have a growth rate above the GDP and above the traditional business of exports. The growth in software industry is expected to reach 20% in China this year, far higher than the GDP growth rate over the same period. Director of Software ...
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United Nations: Asian Developing Countries Lead Growth in 2010
(Dec 03, 2009) Developing countries will become the main engine of world economic growth in 2010, in which China's economic growth will reach 8.8%, said the United Nations Economic and Social Affair in a report issued on 2 December 2009. The first chapter of the 2010 World Economic Situation and Prospects Report issued ...
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UBS: Asian Economy To Rise 7.6% in 2010
(Dec 03, 2009) In its Asian Economy Outlook released yesterday, UBS estimates Asia's average GDP ex-Japan will reach 7.6% next year, and that of Taiwan is going to land at 4.4%, lower than Asia's average. UBS estimates Asia's inflation rate will increase from 2% this year to 3.4% next year. However, the export-oriented ...
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Shenzhen's 10% GDP Growth in View
(Dec 01, 2009) Shenzhen expects to fulfill its target of a full-year 10% GDP growth in 2009, Acting Mayor of Shenzhen, Wang Rong revealed at the 20th anniversary of Shenzhen Association of Enterprises with Foreign Investment. Good view is seen in various aspects of development in Shenzhen. As of the end of the ...
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Xiamen Port To Put Through 110mn Tons of Cargo in 2009
(Dec 01, 2009) Xiamen Port Authority in Xiamen, Fujian province said up till 30 November 2009, Xiamen port cargo throughput reached 101 million tons, reaching its target set for the 11th Five-year Plan a year ahead. Xiamen Port Authority estimated the annual cargo throughput to reach 110 million tons in 2009. At present, ...
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China in Long-term Growth Dilemma
(Dec 01, 2009) China needs to change the way its economy grows and a too-relaxed monetary policy is worrying in the medium to long term. Reported by Voice of America, former consultant of People's Bank of China (PBOC), Chinese Academy of Social Sciences economist Yu Yongding said in a speech in Melbourne, Australia ...
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