China News Direct

 
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Shaanxi To Create RMB300bn Value from Technology
(Sep 22, 2009) Shaanxi province of China expects to see an industry value of RMB300 billion from new high technology in 2010, and after two decades of hard work, it has seen its high-tech industry taking shape and leading the province to the next stage of growth. The provincial government of Shaanxi has ...
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Xinyi Glass Sees Rising Demand and Prices
(Sep 22, 2009) Xinyi Glass Holdings Ltd. has a number of new factories coming into operation and it sees rising prices of float glass, probably surpassing the historic level of RMB2,380 per ton. Xinyi Glass's CEO Tung Qing-shi said the glass industry had revered quickly and flat glass prices are expected to rise. ...
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Southern Power Grid Sales up on Increased Industrial Production
(Sep 17, 2009) Power use in China Southern Power Grid surged over 10% this August, fueled by the hot summer season and hot industrial activities. China Southern Grid reported power sales of 50.65 billion kwh in August 2009, a rise of 10.4% on-year. In the first eight months, it sold 327.35 billion kwh ...
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China Faces Steel Surplus, Pressuring Prices
(Sep 17, 2009) China's steel production output has a surplus that may intensify the imbalanced supply and demand situation, leaving steel companies at a loss. Steel expert at Ministry of Industry and Information Technology (MITT), Zhang Deshen, said raw steel production capacity is forecast to reach 530 million tons in China in 2009. ...
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Chinese Tire Makers Will Raise Prices To Offset Losses
(Sep 17, 2009) Major tire manufacturers and exporters in China said they would not give up the US market in face of sharp import tariff but they urged the Chinese government to lift the export tax rebate on tires in order to offset losses. A Guangzhou Daily report said the Ministry of Commerce ...
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Guangdong To Make 8.5-generation LCD TVs
(Sep 16, 2009) LG Display of Korea has reached a cooperative agreement with the Guangzhou government, in which the two will jointly set up an 8-generation LCD TV production line in Guangzhou at an investment of RMB30 billion. China is expected to grow into the biggest LCD TV market in the world in ...
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Geely's Xiangtan Production Base Gives RMB61bn Value
(Sep 16, 2009) Geely Auto's RMB3 billion automobile production base in Hunan province's Xiangtan has started construction. The phase III of the production base in Jiuhua has an annual production capacity of 200,000 vehicles, 300,000 engines and 300,000 automatic transmissions. The production base in Xiangtan will be the biggest one among all of ...
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China's Residential Property Market Valued at Two Times GDP
(Sep 16, 2009) The Chinese residential property market may have a total value of over RMB90 trillion which is over two times the country's current GDP value. A report by China Securities Journal quoting figures from National Bureau of Statistics said up to now, China has total residential construction floor areas of 17.514 ...
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China's FDI Ended 10-month Decline on Manufacturing Support
(Sep 16, 2009) Improved investment sentiment in the manufacturing sector had pushed China's foreign direct investment (FDI) up in August, ending a ten-month decline. Information from the Ministry of Commerce (MOC) showed that in August 2009, China's actual use of FDI surged 7% on-year to US$7.499 billion which is the first on-month growth ...
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Guangdong's Merchandise Fair Offers Domestic Sales Opportunities
(Sep 08, 2009) The 106th China Imports and Exports Merchandise Fair (CIEMF) to be held in Guangdong in October and November will open a domestic purchasing centre particularly for exporting companies that want to tap local sales. CIEMF will invite over 8,000 importing companies, department stores, retailers and franchisees to the second and ...
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