China News Direct

 
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Alipay Gains the most from China's Coastal Provinces
(Jan 11, 2012) China's third party online payment platform Alipay has delivered a report card showing that 37% of its transactions came from Guangdong province, Zhejiang province and Shanghai, the three top players last year. In 2011, Alipay registered the largest amount of transactions in Guangdong, sharing 14.2% of its total transaction. Zhejiang ...
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Restaurant Sales Top the Rest in Qingdao, Shandong
(Jan 11, 2012) The restaurant business continued to top all other industries in Qingdao city, Shandong province when it earned total retail sales of RMB24.6 billion last year, posting a growth of 13.9% year-over-year on a change in spending habit and new district development. In 2011, the wine and dine business and the ...
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ICBC Breaks Cultural Industry Financing Block
(Jan 07, 2012) The cultural industry will receive cumulative bank loans of over RMB150 billion from the Industrial and Commercial Bank of China (ICBC) by 2015 when a well-knit cultural industry chain from creation, production to after-sale services is expected to be seen. ICBC has made plans to give the cultural industry new ...
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Financial Turmoil No Show in China's Tourism
(Dec 28, 2011) The tourism industry brought China an income slightly over RMB6 trillion during the 11th Five-year Plan (2006-2010) period, showing an annual growth of 15.3%. The State Council issued a tourism industry report today, highlighting that the country received a total of 9.37 billion tourists and reaped a total income of ...
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RMB660Mn Industry Fund for Cloud Computing Projects
(Dec 25, 2011) As many as five cities have received the first batch of special industry funds in the grand value of RMB660 million this October for the development of cloud computing and related technology, according to a report by China Securities Journal. The five cities, Beijing, Shanghai, Hangzhou, Wuxi and Shenzhen, will ...
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Beijing Makes Social Security Cards Job-friendly
(Dec 16, 2011) The Beijing municipal government plans to add employment functions to its social security cards in order to smooth the management of unemployment and other job-related public services between rural and urban areas. During the 12th Five-year Plan (2011-2015) period, the municipal government plans to add financial functions and employment functions ...
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Taobao Earns Record-breaking RMB4.3Bn in One Day
(Dec 15, 2011) China's e-commerce giant Taobao.com registered record-breaking transactions of RMB4.3 billion on the day of December 12 when it staged a seasonal promotional and discount sale activity, according to John Spelich, spokesperson of Alibaba Group, the parent company of Taobao. The magic of online sale was once again performed in China ...
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China To Regulate Internet Shopping
(Dec 14, 2011) A new administrative measure about internet shopping will go into legislation in China next year as the government sees the need to regulate a market which is growing at a pace of 100% year after year. In an interview with China National Radio (CNR), Chang Xiao-cun, Secretary of Market Order ...
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China's Railway Too Big to Fail Passengers
(Dec 14, 2011) The Ministry of Railway of China is already feeling the pressure to do a good job in taking hundreds of millions of passengers home this Lunar New Year traveling season which spans as many as 40 days from early January to mid-February. The ministry estimates that about 235 million passengers ...
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China's IT Industry Development Plans in the Pipeline
(Dec 13, 2011) A string of industry development plans for the information technology, broadband, communications and industry restructuring are scheduled to be released after the Central Economic Work Conference held in December, transforming and creating an IT industry which leads investments worth RMB2 trillion. Sources told mainland's Economic Information in early December that ...
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