China News Direct

 
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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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Fresh food retailer Yonghui enters Shanghai
(Jul 30, 2013) SHANGHAI - Fresh food retailer Yonghui Superstores signed a letter of intent with Shanghai Vegetable (Shangshu) Co. Ltd. to invest RMB100 million in jointly opening fresh food and vegetable stores, marking Yonghui's entry to the Shanghai market. Shanghai's state-owned Shanghai Vegetable Group earlier formed a shareholding company, Shanghui, together with ...
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Midsummer trip to Gansu
(Jul 23, 2013) LANZHOU, Gansu - A team of 42 executives from 25 multinational companies including Wal-Mart and Siemens made a trip to Gansu province this summer, checking out the conditions in Lanzhou, Dunhuang city, Jiuquan city and Jiayuguan for potential investments. Organized by the Ministry of Commerce of China and the local ...
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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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Anhui paves way for global distribution of food
(Jul 23, 2013) HEFEI, Anhui - The Bureau of Commerce of Anhui Province has signed strategic cooperation agreements with French retail giant Carrefour to directly supply Anhui-grown agricultural produce to Carrefour's supermarkets worldwide, a move which will be made role models. Carrefour will increase direct sourcing of agricultural produce from farms and local ...
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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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Chongqing Grain targets RMB100bn sales
(Jul 02, 2013) CHONGQING - State-owned Chongqing Grain will build a foodstuff logistics and transit park in Chongqing's Liangjiang New District, paving the way for RMB100 billion of sales from processing foodstuffs, soybean and edible oil. Chongqing Grain will invest RMB8 billion in the logistics park which will be located in Binjiang New ...
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China speeds old town rebuilds to create new demands
(Jul 02, 2013) BEIJING - China's State Council has proposed to speed up shanty town rebuilds in an effort to release the economic energy from old torn districts, a move that will improve people's livelihood and will create a larger domestic consumption market for China. At a regular meeting held on June 26, ...
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Ningbo differentiates trade for US$320bn market
(Jun 21, 2013) NINGBO, Zhejiang - External trading companies in Ningbo, Zhejiang province want to diversify their client base from traditional markets in the US and Europe to emerging markets and BRICS in export and to make itself a major entry port in import, creating a truly global trade exposure. The port of ...
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China gives green light to GM soybeans
(Jun 14, 2013) BEIJING - China has given the green light to three genetically modified (GM) soybeans produced by the world's top soybean companies including Monsanto, giving the market a clue that more GM soybeans will be imported to China. On June 14, Ministry of Agriculture granted safety certificates and import permits to ...
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