China News Direct

 
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The EU still trades the most with China
(Jan 22, 2013) BEIJING - In 2012, the European Union (EU) continued to top other countries and regions to be China's largest trading partner but Hong Kong rose quickly to replace Japan to be China's fourth biggest trading market. Marking the year 2012 with a bilateral trade value of US$546.04 billion, a drop ...
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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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Merchandisers: More sourcing expected in 2013
(Jan 22, 2013) SHANGHAI - Although prices of Chinese-made products have surged, merchandisers around the world still prefer to buy made-in-China products, a poll says. Shanghai International Sourcing Promotion Center issued the 4th Quarter 2012 International Sourcing (Shanghai) Confidence Index on January 14, showing that confidence has come back after all the economic ...
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Auto makers climb to the top in Shenyang, Liaoning
(Jan 18, 2013) SHENYANG, Liaoning - Major industrial enterprises in Shenyang, Liaoning province gained a double-digit 12-14% increase in profit in 2012, and those in the automobile industry climbed the most. Major industrial enterprises produced a total output of RMB1.29 trillion and industrial value-added of RMB320 billion in 2012, rising 11.5% over a ...
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Shenzhen invests big in technology industries
(Apr 23, 2013) SHENZHEN - Shenzhen has a more dynamic industry as it exports more software and technology-based electronic products and builds more e-commerce in business activities. Shenzhen ranks first in the export of software in China. The software industry earned total sales revenue of RMB274.86 billion in 2012, rising 20.2% to rank ...
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China makes 20-year technology development plan
(Jan 17, 2013) BEIJING - On a regular meeting held on January 16, China's State Premier Wen Jia-bao approved a medium to long-term major technology development plan for China, calling for original innovation. The "National Major Technology Infrastructure Facilities Development Medium and Long Term Plan (2012-2030)" outlines China's development of major technology over ...
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Yiwu's small merchandise trade grows 12.6%
(Jan 17, 2013) YIWU, Zhejiang - The Yiwu Consolidated Trading Market in Yiwu city, Zhejiang province turned over trading business of RMB75.88 billion in 2012, rising 11.94% over 2011 despite a weaker market. The sluggish international economy presented some challenges to Yiwu which has never stopped trying. Last year, Yiwu started using a ...
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Chongqing to invest RMB350bn in industries
(Jan 16, 2013) CHONGQING - The city of Chongqing in China is becoming the world's biggest manufacturing base of inkjet printers, producing 1.5 million units on average a month, but it is not stopping there. Chongqing named ten major industrial investments last year, one of which was the making of printers and other ...
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Wuhan, Hubei invests RMB16bn in automobiles
(Jan 16, 2013) WUHAN, Hubei - Wuhan Economic Technology Development Zone, dubbed the automobile capital of China, signed in this January seven automobile investment projects attached a combined investment value of RMB16.1 billion. The seven investment projects have an expected production output value of RMB34.6 billion a year. In one of the projects, ...
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Ningxia fills 60% of world cashmere need
(Jul 02, 2013) YINCHUAN, Ningxia - Ningxia Autonomous Region in China will put two light textile industry parks into operation this year, completing a cashmere and high-end textile industry chain which will fill over 60% of the world's demand. Ningxia sources and sells 12,000 tons of raw cashmere a year, supplying 70% of ...
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