China News Direct

 
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China gives RMB2.5Bn interest subsidies to stir import
(Oct 12, 2012) The Ministry of Finance (MOF) of China has dispatched, for the fiscal year of 2012, RMB2.5 billion of interest subsidies for boosting imports of key parts and core materials which underpin manufacturing and trade. Since the import interest subsidy fund was first set up in 2008, the central government has ...
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Shanghai fits for global sourcing MFG.com
(Oct 09, 2012) The world's biggest manufacturing sourcing channel MFG.com has landed in Shanghai, hoping to help merchandisers in the U.S. and Europe connect with suppliers in China. The online platform of MFG.com fits buyers and suppliers who want cost efficiency and a convenient way to connect. To stay competitive, many suppliers and ...
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Anhui seals RMB200bn financing deal
(Oct 09, 2012) The provincial government of Anhui has signed a framework agreement with Agricultural Bank of China to ensure financing for various industries and services over the next couple of years. Anhui and the bank sealed the deal on September 27 to secure a credit line of RMB200 billion which will fund ...
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China's furniture export grows in value
(Oct 03, 2012) China exported furniture valued at US$17.99 billion in the first five months of 2012 and half of the furniture was shipped to the markets in the U.S. and the E.U. From January to May 2012, China exported furniture of US$17.99 billion, showing an increase of 21.6% year-on-year. Private companies exported ...
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Guangdong exports shoes at higher prices, competition remains intense
(Sep 27, 2012) Guangdong province managed to export shoes at higher prices in the first half of 2012 although cost pressure and competition continue to hold it back. Guangdong exported 2.14 billion pairs of shoes with an export value of US$8.24 billion in the first half of 2012, a slight decrease of 0.4% ...
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Guangdong imports wine at higher prices, upward trend confirmed
(Sep 27, 2012) Despite the slowing economy, wine importers in Guangdong province were willing to pay more for wine, importing more than US$260 million of wine in the first half of 2012. Guangdong imported 30.56 million liters of wine from January to June, a year-on-year increase of 4.2%. The import was valued at ...
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Guangdong Speeds up Processing Export Tax Rebates
(Sep 24, 2012) Amid shrinking trade volume and a tough environment for labour-intensive trades, Guangdong province has announced ten measures to speed up the processing of export tax rebates. The Guangdong provincial government has made it clear that new ways will be used to speed up the processing of export tax rebates, and ...
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Container Throughput Reveals Bleak Trade, Shenzhen Slows the Most
(Sep 13, 2012) The bleak outlook of external trade is revealed in cargo throughput at major ports in China which slowed to a growth rate of 12 percent from January to July this year. Major ports in China recorded slowed business operation blamed it on a throttled manufacturing sector. Comparing to last year, ...
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Reduced Household Demand Drags China's Lumber Import
(Sep 13, 2012) China has imported less lumber from overseas countries mainly Russia and New Zealand as domestic demand for downstream wood products subside amid reduced home sales in a weakened economy. Reduced demands for manufactured wood products were to blame for the slow growth in import. China uses most of the imported ...
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Foreign Milk Brands Move Upstream
(Sep 11, 2012) Foreign companies have already dominated the dairy industry in China but they are moving upstream to make a sound footing. From January to May 2012, China imported 575,000 tons of dairy products for a total value of US$2.2 billion, a year-on-year increase of 18.6% in volume and 26% in value. ...
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