China News Direct

 
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Product Price Control Still Tops China's List
(Feb 28, 2012) The National Development and Reform Commission (NDRC) of China will continue to give incentives to ensure that daily products are consistently supplied to Chinese people at reasonable prices. The deputy chief of pricing of NDRC, Zhou Wan-jun, has re-affirmed the importance of keeping prices stable through keeping costs down. For ...
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China Gives Capital Account Relaxation a Timetable
(Feb 27, 2012) The People's Bank of China (PBOC) has for the first time outlined a roadmap to free capital account investments, detailing the reform in three stages which span ten years. The report conducted and released by the survey and statistics department of PBOC, led by Cheng Song-cheng, shows that capital account ...
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Chongqing, JETRO Expand Trade and Investment
(Feb 24, 2012) Japan External Trade Organization (JETRO) has made a trip to China's Chongqing, demonstrating trade and investment intention. JETRO and Chongqing are forging closer business ties, seeking to sign memorandum of understanding in trade, investment and protection of intellectual property rights (IPR). According to Chongqing Foreign Trade and Economic Relations Commission, ...
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Jiangsu Made 11% GDP Growth in 2011, Above Average
(Feb 24, 2012) Jiangsu province in eastern China reaped nearly RMB5 trillion of GDP value in 2011 focusing on secondary industries and tertiary services. Jiangsu produced a GPD value of RMB4.86 trillion last year, growing 11% year-on-year, of which the secondary and tertiary industry shared 51.5% and 42.2% of GDP respectively. Modern and ...
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NBS: China's GDP Grew 9.2% in 2011, CPI 5.4%
(Feb 23, 2012) The National Bureau of Statistics (NBS) of China has announced the preliminary GDP value for 2011, showing that the national GDP grew at 9.2% year-on-year and the secondary industry grew at an even higher rate of 10.6%. In 2011, China made a total GDP value of RMB47.16 trillion, growing 9.2% ...
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NDRC Wants Private Investment Policies Made by June
(Feb 22, 2012) China's National Development and Reform Commission (NDRC) called a meeting yesterday to require government departments to complete drafting policies to stir private investment by mid-year. NDRC asked 45 ministries and departments to make solid policies and timetables, putting details down and releasing these policies by the end of this June. ...
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China To Reform Local Statistics
(Feb 22, 2012) The Chinese central government will collect statistics and economic data directly from local companies, changing the "bottom-up" approach in a new reform. The State Council will need to pass new laws, including amending existing statistics laws, if the National Bureau of Statistics (NBS) of China is to collect economic data ...
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China Smooths Growth with Fiscal Reform
(Feb 17, 2012) The year 2012 will be a year of heavy tax reforms in China after Premier Wen Jia-bao confirmed the reform details at a State Council meeting held on February 15. The fiscal reform is done with the purpose of redistributing income and smoothing economic and social development. First, the tax ...
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Technology Transfer Not a Prerequisite for China
(Feb 10, 2012) The Chinese government will not make technology transfer a mandatory pre-condition in sino-foreign business joint ventures, according to Chen De-ming, China's Minister of Commerce in response to recent rumor. China had cleared many technology transfer hurdles when it first entered the WTO, and the mandatory requirements to transfer technology to ...
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Hang Seng Bank: No Hard Landing or Stimulus for China
(Feb 09, 2012) Hang Seng Bank forecasts the mainland Chinese economy to slow growth to 8.3% in 2012 given the global economic weakness and the stale real estate sector in China. In its economic report issued yesterday, the bank says it is neither likely for the Chinese economy to make a hard landing ...
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