China News Direct

 
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Automobile retailer Yuntong forms new base in Harbin, Heilongjiang
(Jan 08, 2013) HARBIN, Heilongjiang - Chinese automobile retailer Beijing Yuntong International Financing Investment has brought RMB300 million of investment home, building an automobile electronics R&D and production centre in Harbin, Heilongjiang. Heilongjiang-born Yuntong will make the R&D centre one of the biggest Chinese-funded automobile production centres in China. In a complex of ...
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Steaming retail sales across China in New Year
(Jan 07, 2013) SHANGHAI - Retail sales of consumer goods across China from Shanghai to Chengdu, Sichuan province posted a stellar double-digit growth over the four-day holiday from New Year's Eve, seemingly saying domestic consumption does make people happy. In Shanghai, the 372 major retail stores earned a total sales value of RMB7.91 ...
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Jiangsu sets technology growth at 18%
(Jan 07, 2013) NANJING, Jiangsu - Jiangsu province has set industrial growth targets for 2013, aiming industrial value-added at a growth of 12% and investment in technology at 18%. The provincial government of Jiangsu, in a meeting held on January 5, called for greater efforts to transform the economy. While the government will ...
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Portuguese stones turned gold in China
(Jan 04, 2013) BEIJING - Portuguese stone material companies have turned to China for export, making China the second largest export destination after France in the first quarter of last year. The stale economy in Europe has pushed more European companies out of the continent in search of new markets. In 2011, Portuguese ...
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Industry giants make strong footing in China
(Apr 23, 2013) SHANGHAI - Wisconsin China Center is opened in Shanghai to mark the state's commitment to growth and promotion of bilateral investments between US and Chinese companies in their respective homeland, according to Scott Walker, governor of Wisconsin. China has become the third largest export market for Wisconsin in the US ...
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Shenzhen undergarment manufacturers roadshow in Sydney, Australia
(Nov 27, 2012) Manufacturers of undergarments from Shenzhen have joined the Australia China Textile Fashion Show held in Sydney, Australia, the first time in 12 years. Shenzhen in Guangdong province is making over 480 million pieces of undergarment or underwear each year, valued at more than RMB30 billion. Shenzhen excels at making undergarment ...
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Guangdong's small merchandise trade to upgrade
(Oct 11, 2012) In Guangdong province, two industry associations of small merchandise trade secured a credit line of RMB11 billion in September to facilitate industry upgrade. The Shenzhen Small Merchandise Association has obtained a credit line of RMB6 billion from China Construction Bank (Shenzhen), while Guangdong Small Merchandise Association gets RMB5 billion from ...
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China's bag export resumes growth
(Oct 10, 2012) China exported bags of a value of US$8.92 billion from January to May, a year-on-year growth of 10.9%, and half of the exports were sold to the U.S., E.U and Japanese markets. Export of bags had been dropping in China from last December to this February, but the amount of ...
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Shanghai fits for global sourcing MFG.com
(Oct 09, 2012) The world's biggest manufacturing sourcing channel MFG.com has landed in Shanghai, hoping to help merchandisers in the U.S. and Europe connect with suppliers in China. The online platform of MFG.com fits buyers and suppliers who want cost efficiency and a convenient way to connect. To stay competitive, many suppliers and ...
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Anhui seals RMB200bn financing deal
(Oct 09, 2012) The provincial government of Anhui has signed a framework agreement with Agricultural Bank of China to ensure financing for various industries and services over the next couple of years. Anhui and the bank sealed the deal on September 27 to secure a credit line of RMB200 billion which will fund ...
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