China News Direct

 
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RMB sways export profits
(May 16, 2013) SHENZHEN - The rapid appreciation of RMB since this March has caught many export companies in the Pearl River Delta of Guangdong by surprise, possibly cutting their profits despite returned export orders and increased export sales revenue, according to a poll. A trade development report for small and medium-sized companies ...
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Investing in China through the eyes of Singapore
(Jun 13, 2013) YCH Group of Singapore has expanded supply chain and logistics services in Guangzhou, Guangdong while DBS Bank has vowed to expand to China's inland provinces, almost saying China remains an investment magnet for many companies, Singaporeans or not, for various reasons. YCH Group has brought its supply chain management expertise ...
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State Council makes reforms to sustain economy
(May 07, 2013) BEIJING - China's State Premier Li Keqiang headed a State Council regular meeting on May 7 to confirm economic reform work to be carried out this year, focusing on nine key areas to improve the market environment. Under Li's leadership, the State Council aims to streamline government approval procedure, delegating ...
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Hubei opens own cotton trade centre
(May 08, 2013) TIANMEN, Hubei - Producing 7% of China's cotton, Hubei province now has its own cotton spot trading centre China (Tianmen) Cotton Exchange Centre which has started commercial operation and has attracted the attention of US, Singapore and other traders. Built on a piece of land of 3,000 mu (1 mu ...
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The lure of financial leasing in China
(Jun 18, 2013) TIANJIN - Half of China's top ten financial leasing companies are opened in Tianjin which will rise above the rest, probably above Shanghai too, in financing hundreds of billions of yuan of transport infrastructure and heavy machinery. China Council for the Promotion of International Trade and the district government of ...
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International weakness pressures China's export
(May 06, 2013) GUANGZHOU, Guangdong - External demands for Chinese goods remain sluggish and all kinds of cost keep rising, putting pressure on China's export which is not really warm. At the 113th China Import and Export Fair (Canton Fair) held between April 15 and May 5, about 202,766 overseas merchandisers showed up, ...
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Guangdong find ways for small loan growth
(Jun 18, 2013) GUANGZHOU, Guangdong - Ahead of the 2nd China (Guangzhou) International Financial Expo to be held in Guangzhou on June 21-23, Vice Governor of Guangdong Chen Yunxian reassures that the provincial government is committed to pushing financial reforms to fill the need of small companies and farmers estimated to reach 40 ...
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Chongqing doubles overseas direct investments in 1Q '13
(Apr 15, 2013) CHONGQING - Chongqing companies invested US$240 million in overseas direct investments, mining, agricultural and other projects in the first quarter of 2013, doubling the amount made in the same period last year. From state-owned companies to private firms and across many different industries, Chongqing is eager to tap investments offshore. ...
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Stabilizing economic growth weighs heavier
(Apr 15, 2013) BEIJING - Just ahead of the release of GDP figures for the first quarter of the year, Chinese Premier Li Keqiang, in a meeting held with corporate leaders on April 14, reiterated the priority of keeping the economy stable. Li expressed concerns about complexities and uncertainties in the current economy ...
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March PMI points to warming Chinese economy
(Apr 09, 2013) BEIJING - Official PMI figures staying above 50 for six consecutive months ended this March have reaffirmed the steady warming of the Chinese economy, pointing to increased export orders and better sales. The PMI announced by China Federation of Logistics and Purchasing (CFLP) rose 0.8 percentage points to land at ...
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