China News Direct

 
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Fujian helps small companies find loans
(Mar 04, 2013) FUZHOU, Fujian - Government-bank alliance has helped small companies in Fujian province find bridging loans scaling up to RMB600 million in six months, and another RMB200 million of loan is awaiting approval. A new source of financing proposed in September 2012 by Fujian Provincial Economic and Trade Commission, Federation of ...
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China's tire profit gains 43.7%
(Mar 01, 2013) BEIJING - Austerity measures that put a brake on vehicle sales had tarnished also the tire market which showed a single-digit growth of just 4.2% in China in 2012. Retreated demand for vehicles and the sluggish export market had dragged sales and fixed asset investments in the tire industry. In ...
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Zhejiang and Jiangsu back domestic and export sourcing
(Feb 05, 2013) YIWU, Zhejiang - The Ministry of Commerce (MOC) of China will heavily promote and assist three merchandise markets to make them fit for both exports and domestic trades in the Chinese market. The MOC, for the first time, has picked three major trading markets in Zhejiang and Jiangsu for a ...
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China taps vast potential in Africa
(Mar 04, 2013) Africa represents a golden opportunity for many Chinese companies in the plastic material industry, especially when the Chinese government is backing more companies to invest and operate in Africa. The rise of buildings, and busier industrial and commercial activities across the African continent mean more kinds of plastic products and ...
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Beijing to fill 480,000 new jobs in 1H '13
(Feb 25, 2013) BEIJING - As many as 480,000 new jobs will need to be filled in Beijing in the first half of 2013 and employees in the capital city can expect an average 8% growth in the minimum wage, a poll shows. Beijing Municipal Human Resources and Social Security Bureau did a ...
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Guangdong's production services grow at 18%
(Feb 21, 2013) GUANGZHOU, Guangdong - The provincial government of Guangdong issued in this January a 12th five-year development plan for the production servicing industry which is expected to take the manufacturing sector to a higher level. Despite years of experience in the manufacturing sector, Guangdong needs to upgrade production services and creates ...
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Signs of improvement in China's transformation
(Feb 26, 2013) BEIJING - China's effort of reshaping the economy is paying off as signs of improvement have emerged amid falling GDPs and an imbalanced economic structure. Among China's three growth engines, exports, investments and consumption, resumed business activities in the beginning of 2013 have firstly kept trade up. China did import ...
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Jiangsu advances through technology creation and investment
(Feb 04, 2013) NANJING, Jiangsu - Jiangsu province announced a record-breaking per capita GDP of US$10,827 after producing a GDP value of RMB5.4 trillion for 2012, rising faster than the national average and closely catching up with Guangdong. The provincial government's effort to stabilize the economy and coordinate growths among various sectors had ...
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Jiangsu unleashes financing power, first in bond issuance
(Jun 18, 2013) NANJING, Jiangsu - Jiangsu companies have invested hundreds of billions of yuan in China's southernmost province of Hainan but more cross-province and diversified investments will be made out of Jiangsu which is now a direct financing powerhouse in east China. Hainan province staged an investment promotion fair in Nanjing on ...
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The making of nuts and bolts in China
(Jan 23, 2013) GUANGZHOU, Guangdong - The manufacturing of fasteners such as bolts and screws is taking a good shape in the Yangtze River Delta and the Pearl River Delta of China, but even better results are created when more Chinese fastener producers merge. Despite the threat of a surplus production capacity, the ...
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