China News Direct

 
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Eastern provinces look at trade realistically
(Mar 05, 2013) SHANGHAI - Eastern provinces and cities in China such as Shanghai have tuned down external trade prospect to a single-digit growth for 2013, the first time dominant trading provinces have done so since China's entry to the WTO. The growth in external trade is spiraling down in Shanghai which is ...
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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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Hunan earns RMB1.6bn from trade exhibitions
(Mar 04, 2013) CHANGSHA, Hunan - Direct trade exhibition incomes of nearly RMB1.6 billion have encouraged Hunan province to hold more trade events in the coming years, taking advantage of its proximity to the Pearl River Delta in the south and the Yangtze River Delta in eastern China. Hunan plans to hold 410-430 ...
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97% of Chinese companies want EU exposure
(Feb 07, 2013) BEIJING - Hardship will not deter Chinese companies from investing and doing business offshore and 82% of Chinese companies surveyed said they would increase investments in Europe. In January, European Union Chamber of Commerce (EUCC) in China released a report on Chinese investments in Europe, saying despite high costs and ...
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Specific planning called to ease China's aging pain
(Feb 28, 2013) BEIJING - China is going to have an elderly population of over 200 million but the services available for them are lacking. The first blue book on China's elderly condition, China Old Age Industry Development Report 2013 issued by China Research Center on Aging (CRCA), points out a lack of ...
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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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UA Finance opens small loan company in Shanghai
(Jan 25, 2013) SHANGHAI - Shanghai has claimed a remarkable first in opening a joint venture small loan company, being also the first in sealing a cross-border internal company RMB loan. The joint venture finance company Shanghai Pudong New District UA Finance Small Loan Co. Ltd. was opened in Shanghai last week under ...
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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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Anhui reduces formality to sign more foreign companies
(Jan 22, 2013) HEFEI, Anhui - Anhui province will reduce the formality foreign companies need to go through to obtain business registration, attracting more foreign investors to its high-growth sectors. According to Anhui Administration for Industry and Commerce (AAIC), Anhui province had 4,351 foreign-invested companies at the end of 2012. They had registered ...
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Shandong's quest for dual-way investments
(Jan 21, 2013) JINAN, Shandong - Shandong province literally approved one overseas investment each day last year when 361 overseas investment companies were given the green light, investing US$3.7 billion of Shandong capitals offshore. Record-breaking amount of capitals were put offshore in 2012 when Shandong formed 361 overseas investment companies and organizations. In ...
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