China News Direct

 
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China's Small Business Boosting Fund on its Way
(Feb 08, 2012) China's small businesses and micro companies will continue to face a tough environment in 2012 as production costs have surged and financing remains tight. Ministry of Industry and Information Technology (MIIT) will release measures to help small companies solve financing obstacles, said Zhu Hong-ren, Chief Engineer of MIIT. Since the ...
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Jan CPI to Rise 4.1% in China
(Feb 07, 2012) More financial institutions have forecast a 4% growth in CPI in China this January on seasonal factors and a slight increase in food prices. The National Bureau of Statistics of China is due to announce on February 9 the January CPI which is affected by the relatively cold weather and ...
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China's Trade Surplus To Disappear on European Debt Crisis
(Feb 07, 2012) The debt crisis in Europe is expected to take export business away from Hong Kong which is forecast to see just a 3% growth in export and a 3.5% economic growth in 2012, mediating however by a slowly recovering US economy and domestic demand in China. The European debt crisis ...
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7,000 New Foreign Companies Opened in Shanghai
(Feb 06, 2012) Nearly 7,000 foreign-invested companies were set up in Shanghai last year, concentrating mostly in the retailing, leasing and commercial service sectors. In 2011, 6,999 new foreign-invested companies were formed in Shanghai, an increase of 8.4% year-on-year. Those engaging in the wholesale and retail, leasing and commercial services shared 75.7% of ...
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Shanghai Registered More Service Companies in 2011
(Feb 06, 2012) Shanghai registered 134,400 new companies in 2011 of which 118,500 were companies in the tertiary industry, according to Shanghai Administration for Industry and Commerce. Shanghai had 1.28 million all kinds of business entities and registered capital of RMB5.56 trillion at the end of 2011, growing 6.6% and 16.8% year-on-year respectively. ...
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BOC Opens Branches in Taiwan, Cross-Strait Investments Heat up
(Feb 03, 2012) Two mainland Chinese banks, Bank of China and Bank of Communications, have been approved to open bank branches in Taiwan, expecting to open the branches in the first half of 2012 and bringing operating capital of NT$2.75 billion to the island. Bank of Communications secured the license in December 2011 ...
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Navigation Satellite Enters Period of High Growth
(Feb 03, 2012) The new industry of satellite navigation is expected to give China an added value of RMB225 billion in five years, a 450% growth from that in 2010. The satellite navigation industry in China is entering a period of high growth, according to the geoinformation blue book published by National Administration ...
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Climbing Near Beijing, Hangzhou Charged with GDP Growth
(Jan 20, 2012) Hangzhou, Zhejiang province has made a breakthrough in per capita GDP value which has climbed over RMB80,000 for the first time; however, the story does not end there as Hangzhou has already led the province and the entire nation in GDP growth for the past 21 years. Hangzhou Municipal Bureau ...
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Revenues of Chinese State-owned Enterprises up 21.5% in 2010
(Jan 19, 2012) State-owned and state-controlled enterprises in China reported a 12.8% growth in profit last year but the growth was shrinking after costs had risen. In 2011, state-owned enterprises earned total revenues of RMB36.79 trillion, representing a growth of 21.5% over 2010. Central enterprises earned RMB23 trillion of the revenues, showing a ...
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Import of Shanghai Port by Type of Enterprise Jan-Dec '11
(Jan 15, 2012) Import of Shanghai Port by Type of Enterprise Time: Jan-Dec '11, Unit : USD 100 million US$ 100 mn YoY(%) Total 3,123.497 19.5344 State-owned enterprise 570.092 17.1389 Foreign-invested enterprise 2,092.756 17.2278 Sino-foreign cooperative enterprise 33.911 41.5619 Sino-foreign joint venture 404.474 19.8051 Foreign wholly-owned enterprise 1,654.370 16.2072 Collective enterprise 34.156 ...
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