China News Direct

 
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Hainan Invests RMB40Bn in Railway and Airport
(Jul 31, 2012) China's island province of Hainan will have a new railway running west-bound across eight cities, carrying 50 million passengers and over 10 million tons of goods a year. The provincial government has approved the construction of the Hainan West-Ring Railway which will be done in two phases. In the first ...
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Sinohydro Corp Signs RMB7.8Bn Syndicated Loan
(Jul 20, 2012) Santa Hydropower Co. Ltd. of Sinohydro Corporation signed a RMB7.8 billion syndicated loan agreement with the Sichuan branches of China Development Bank, China Construction Bank and Agricultural Bank, financing the construction of one of Sichuan's biggest hydropower projects. China Development Bank (Sichuan) is the leading bank in the syndication, providing ...
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Beijing Grows on Technology, Signs RMB120Bn Contracts
(Jul 18, 2012) Beijing signed over 27,000 technology contracts in the first half of 2012, creating a turnover of RMB120 billion of which a majority was originated from strategic emerging industries. In the first six months, Beijing signed 27,577 technology contracts, showing a year-on-year growth of 29%. In terms of value, over 80% ...
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China's Airports Team up for Service Quality
(Jul 09, 2012) Four major airports in China, Beijing Capital International Airport, Shanghai Pudong Airport, Shanghai Hongqiao Airport, and Guangzhou Baiyun Airport signed an airport service management cooperation agreement to share information and tighten business ties. Passengers in China are now seeking quality and are looking for satisfaction, pushing the four to team ...
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Guangdong Seeks Alternatives Besides Water Conservation
(Jul 09, 2012) The gazette issued by the Water Resources Department of Guangdong Province on July 9 reveals that the quality of water going into the province is declining but the demand for fresh water is rising, pushing the government to find alternatives and increase the use of sea water. Guangdong province used ...
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Fujian to Invest RMB200Bn in Water Work
(Jul 04, 2012) Even rainfall-abundant province such as Fujian will need to think hard about solving water problems and over the next decade, it plans to invest RMB200 billion in water work, ensuring quality water will be supplied for drinking, industrial use and ecological improvement. Fujian province will invest RMB200 billion on water ...
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Nantong, Jiangsu Takes Service Outsourcing beyond Border
(Feb 01, 2012) Nantong, Jiangsu Province has revised a policy to support service outsourcing, aiming to build an influential outsourcing base that covers the entire northern Yangtze River Delta. Nantong Municipal Bureau of Commerce and Bureau of Finance jointly released in February the "Capital Management Measures for Service Outsourcing in Nantong" that supported ...
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Coal Import at Zhangjiagang Port, Jiangsu Down 71% in 2011
(Jan 31, 2012) High prices of coal and the flood in Queensland, Australia had sent coal import down in Zhangjiagang Port of Jiangsu Province which imported 317,000 tons of coal worth US$72.43 million in 2011, decreasing 71.3% in tons and 57.3% in value year-on-year. High prices of coal, the disrupted supply of coal ...
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China Mulls over Tax Benefits to Stir Pension Insurance
(Jun 29, 2012) Various Chinese government departments are mulling over policies to give favourable tax treatments to corporate annuity and commercial pension insurance, trying to stir the pension market for the growing elderly population. Sources told China Securities Journal that the Ministry of Finance (MOF), State Administration of Taxation (SAT), China Insurance Regulatory ...
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Time for China to Clean Drinking Water
(Jun 28, 2012) Hundreds of billions of investments are needed to upgrade the drinking water networks in urban areas of China and the bill may run up to RMB410 billion in just a few years. The Ministry of Housing and Urban-Rural Development of China (MOHURD) on June 13 issued a long-view development plan ...
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