China News Direct

 
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Guangdong's Industry Structure Has Changed
(Apr 20, 2009) Guangdong's statistics department said the industry structure and development pattern of the province has changed significantly in 2009. First, the proportion of the tertiary industry in Guangdong's GDP has surpassed that of the secondary industry. The province's economic growth has transformed from an export-dominated to a domestic demand-dominated one. The ...
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Guangzhou Fair Sales Down But Improving
(Apr 20, 2009) The first session of the 105th China Imports and Exports Commodity Fair (Guangzhou Fair) closed with a 20.8% drop in exports transaction value to US$13.03 billion, and a 5.4% drop in visitor flow to about 82,500 people. But the drops had been narrowing day after day and many senior buyers ...
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External Trade Slump Narrowing in April '09
(Apr 19, 2009) China's Minister of Commerce Chen De-ming said China's external trade had positive signals and the export slumps had been narrowing, but the overall overseas demand is still weak. People's Daily reported that in a visit to the 105th China Import and Export Fair (Guangzhou Fair), Chen said China's external trade ...
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Heilongjiang's Soybean Industry Put to Price Test
(Apr 19, 2009) Major soybean processing enterprises in Heilongjiang province are stopping production due to loss related to a large price gap between imported and homegrown soybean. Mainland's Huaxia Times reported that 68 key soybean processing enterprises in the province have nearly suspended all operation as the buying price of home-grown soybean is ...
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DBS: Weak Exports Drags Hong Kong's GDP Growth
(Apr 18, 2009) Development Bank of Singapore (DBS) forecast that Hong Kong will record a negative GDP growth of 4-5% for the first quarter of 2009 and the GDP growth for the whole year will be -3.5%. Daniel Chan, senior investment strategist of DBS, said although the economic stimulus plan in mainland along ...
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Steel Export May Drop 80% in '09
(Apr 18, 2009) China's steel export totaled 5.14 million tons in the first quarter of 2009, down 54.9% on year, the statistics given by China Customs showed. In March, China's steel export totaled 1.67 million tons while that of import totaled 1.27 million tons. Net import volume of steel billet totaled 460,000 tons. ...
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Guangdong Milk Powder Import Grew 220% in 1Q '09
(Apr 18, 2009) In the first quarter of 2009 Guangdong Province recorded milk powder import volume of 14,000 tons, growing 220% over the same period last year with a majority of the import coming from New Zealand. The statistics given by Huangpu Customs of Guangdong on April 17 said in the first quarter, ...
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More Large-scale Stimulus Packages Can Wait
(Apr 17, 2009) Experts think China's economy has started to recover and the central government may not need to launch more stimulus packages to spur economy growth. Sebastien Barbe, Hong Kong-based economist with Calyon, thinks that China will not launch new economic stimulus packages as the country does not see an overall full ...
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CB Richard Ellis Helps Panyu Transform
(Apr 17, 2009) Panyu district government and CB Richard Ellis (CBRE) Guangzhou have formed a strategic alliance to promote commercial properties and real estate services. The two will jointly explore real estate promotion and trade development, consultation, operation, investment and management services that together lift Panyu in Guangzhou to another stage of commercial ...
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Employment Recovery Comes Next After GDP Growth
(Apr 17, 2009) China's RMB4-trillion stimulus package is beginning to work but employment still needs time to perfect itself and the worst employment time may appear in the second half of 2009. Head of Private Economy Research Institution of Peking University, also member of National Committee of Chinese People's Political Consultative Conference (CPPCC), ...
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