China News Direct

 
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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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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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AliExpress breaks record in cross-border sales
(Apr 02, 2013) SHENZHEN - Chinese e-commerce platform AliExpress staged a 3-day sales carnival in March, transacting 800% to 1000% more values of merchandise and breaking the single-day sales record. Run by Alibaba, AliExpress registered the record-breaking transaction value this March, signing up more than 20,000 buyers around the world for the online ...
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Heilongjiang's small loans boost Russian trade
(Mar 21, 2013) HARBIN, Heilongjiang - The first small credit company lending mainly to companies engaged in Sino-Russian border trade in the northeast province of Heilongjiang has just been opened. Based in Heilongjiang, Harbin Longtou Small Credit LLC was opened in mid-March to lend mainly to small and medium-sized companies which need financing ...
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Tianjin brightened after technological innovation
(Mar 22, 2013) TIANJIN - The only "Created in China" cloud computing software recognized by the software industry in the US not just turns a new chapter for Tianjin's Sursen Software Technology and but brings joy to Tianjin which is tasting the sweets of technology success. Sursen Software Technology has launched SurDoc cloud ...
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Rising labour cost challenges Changzhou, Jiangsu
(Mar 18, 2013) CHANGZHOU, Jiangsu - Risen labour cost has become the biggest headache for 79% of small and medium-sized companies polled in Changzhou, Jiangsu province, but companies not giving a pay rise will find hiring even harder. The local chapter of National Bureau of Statistic (NBS) did a poll with 369 Changzhou ...
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Chongqing's road to financial success
(Mar 12, 2013) CHONGQING - The municipal government of Chongqing has announced a medium-term plan to build Chongqing a financial centre in the upstream Yangtze River region where more than 1,200 financial companies and institutions will be based by 2017. The opinion note to make Chongqing a major financial base in western China ...
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China Development Bank expands in Chongqing's loan market
(Mar 07, 2013) CHONGQING - China Development Bank (Chongqing) will support a small loan company in Chongqing's Yongchuan District in developing loan guarantee business for farmers, individual business operators and small companies. In the alliance, China Development Bank (Chongqing) has provided a loan of RMB160 million to the small loan company, Yongchuan Huiheng ...
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Large bonds for small companies
(Mar 06, 2013) SHANGHAI - Jiangsu province claims first in small company private bond issuance when the first such issuance made debut in Shanghai Stock Exchange in late February, raising a total of RMB41 million. Issued jointly by three Jiangsu companies operating in the cement and non-metal mineral industries, the bond issuance was ...
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Cotton price gap hurts clothing exporters in Fujian
(Mar 04, 2013) FUZHOU, Fujian - Many cotton yarn companies in Fujian province are suffering from a loss despite a growth in the export of clothing, blame it on the high price of cotton and reduced export orders. A survey conducted by Fujian Business Association of Textile and Apparel Export Base reveals that ...
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