China News Direct

 
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Ningxia rises in international trade with US, France
(Feb 19, 2013) YINCHUAN, Ningxia - China's Ningxia Hui Autonomous Region has exported calcined petroleum coke to the US for the first time and is progressing smoothly in a halal beef processing project invested by Duke of Burgundy Group of France, ready to beef up its international connection. Xichuan Industrial Trading Co. Ltd. ...
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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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China secures farm outputs despite exception
(Jan 22, 2013) URUMQI, Xinjiang - China has managed to keep the supplies of edible oil plants, sugar and cotton stable despite reduced grain outputs and the volatile prices of these commodities on the international market. However, the same story may not apply to ketchup from Xinjiang. According to the Ministry of Agriculture, ...
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Hubei's phosphate ore charged 10% resource tax
(Jan 14, 2013) WUHAN, Hubei - Hubei province is the second province in China to adopt a new resource tax, taxing phosphate ore at 10% based on price and not on quantity anymore. The new tax comes into effect on January 1, 2013 and is adopted to better reflect the market value of ...
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Banks lends more to emerging strategic industries
(Jan 14, 2013) The inclination of commercial banks in China, aligning with government policies, to lend more loans to emerging strategic industries such as environmental protection may reshape banks' portfolios and exposure. The Central Work Conference held by the Chinese government in mid-December last year basically set the direction of economic development for ...
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Ocean-going Shandong finds new world of fish
(Jan 14, 2013) JINAN, Shandong - Shandong province facing the Yellow Sea and the Bohai has invested nearly RMB2 billion in ocean fishery, earning record-breaking fish catches and farming record number of young fish. The aquaculture and ocean fishery industry has grown to a multi-billion yuan business for Shandong which has long been ...
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China imports food despite sufficiency
(Jan 17, 2013) BEIJING - China imported 9.29 million tons more wheat, corn and rice in 2012 but the increased import was justifiable. From January to October 2012, China imported 10.09 million tons of wheat, corn and rice, increasing 9.29 million tons more than 2011. According to the chief economist of the Ministry ...
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Dalian, Liaoning grows appetite for overseas investments
(Jan 08, 2013) DALIAN, Liaoning - Chinese companies in the northeast city of Dalian, Liaoning province have developed an appetite for more industries, putting overseas investments in over 30 countries and regions. Dalian capitals were seen invested in over 30 countries and in industries not exposed to before. In 2012, the Dalian city ...
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Taiwan invests US$2bn in Fujian's farm sector
(Jan 07, 2013) FUZHOU, Fujian - Taiwanese companies have invested nearly US$2 billion of capital in the agricultural sector in Fujian province as cross-strait collaborations in trade and investment widen. In 2012, the Fujian provincial government approved 89 Taiwanese-funded agricultural projects which contracted an investment value of US$160 million and wired in investment ...
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China breaks record in food output
(Jan 02, 2013) BEIJING - China produced 1.18 trillion catties (1 catty = half a kilogram) of food in 2012, keeping food output at more than 1.05 trillion catties a year for the last five consecutive years. Economist Bi Mei-jia at the Ministry of Agriculture of China confirmed the stellar growth in China's ...
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