China News Direct

 
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Chongqing Liangjiang signs RMB75bn investments, financing power revealed
(Jun 19, 2013) CHONGQING - Foreign and Chinese companies have signed RMB75 billion worth of investment projects in Chongqing's Liangjiang New District which will be made regional headquarters of large companies in west China. Companies from 13 countries including Microsoft, 7-Eleven and China Minmetals Corporation signed contracts on 13 investment projects worth a ...
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Small loans grow big in Jiangsu, China
(Jan 04, 2013) NANJING, Jiangsu - It is becoming harder for Jiangsu province to shy away from small lending as even at an annualized lending rate of 16%, the demand for small loans grows. And nearly 500 small loan companies were formed in the province last year, lending a tenth of all small ...
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Solar power shines on Jiangsu
(Dec 21, 2012) Despite trade hurdles in the US and Europe, ET Solar Group of Jiangsu province is building a solar power station in Romania, and will move on to build a 1.5-MW solar power station in Austria. Jiangsu has tasted success in making a solar power industry. In the province, there are ...
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China sets import tariffs lower to boost consumption
(Dec 27, 2012) BEIJING - A new set of import and export tariffs will come into play on January 1, 2013 in China which will trim tariffs on 780 kinds of products to levels even below those enjoyed by the most favourable nations. The Ministry of Finance (MOF) announces that starting from January ...
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Jilin's Changchun rebuilds industries on automobiles and corns
(Nov 28, 2012) The once-old industrial town of Changchun in Jilin province has vowed to turn its total industrial output value up to a level of RMB1.65 trillion in five years, driving mainly by automobiles, rail wagons and corn-derived chemicals. Changchun in northeast China has set a strategy of doubling its industrial output ...
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Beijing's Fengtai District invests RMB130bn to attune urban development
(Nov 28, 2012) Fengtai District in the southwest side of Beijing has planned nearly 100 projects to attune growth, talking about RMB130 billion of investments over the next three years. At a meeting held by district officials and party leaders on November 21, Fengtai announced a three-year development plan, to be released by ...
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China needs high-yield corn to meet demand
(Nov 21, 2012) The demand for corn for deep processing and animal husbandry in China has pushed more companies to experiment new ways of growing corn, but still the gap between supply and demand for corn is widening. Despite consecutive years of increasing corn output, China has not stopping slowing corn import which ...
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China to reform water prices
(Oct 31, 2012) Water prices in China will rise as many as 33% at the end of 2015 to reflect the scarcity of water resources, according to the National Development and Reform Commission (NDRC). The NDRC is studying various water pricing policies and is working on a plan to possibly subsidize southern provinces ...
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China gives RMB2.5Bn interest subsidies to stir import
(Oct 12, 2012) The Ministry of Finance (MOF) of China has dispatched, for the fiscal year of 2012, RMB2.5 billion of interest subsidies for boosting imports of key parts and core materials which underpin manufacturing and trade. Since the import interest subsidy fund was first set up in 2008, the central government has ...
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Shandong's path from small loan to small business creation
(Oct 12, 2012) Shandong province has seen some success in driving private capital to the small loan market, which is done to support small business development and farmers' financial need. To let small loans flourish, the finance department in Shandong will give capital award to qualified small loan companies formed between July 1, ...
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