China News Direct

 
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More Banks Join China Unionpay Online Payment System
(Aug 31, 2011) Hundreds of commercial banks and merchants inside and outside of China are expected to connect to China Unionpay's online payment system which was first launched in June this year. As many as 85 commercial banks have already joined the online payment system since June. Many online merchants, including Suning Electronics, ...
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Foxconn in Talks with Hunan to Upgrade Industries
(Aug 19, 2011) Foxconn was in talk with Hunan province in upgrading industries and promoting economic advancement in Hunan. The meeting held in Changsha, the capital city of Hunan on August 18 was a beginning for Foxconn and Hunan in jointly fostering new industries and improving a number of social aspects. The duo ...
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China's Ceramic Ware Industry Grows 10% a Year
(Aug 15, 2011) China produces 27 billion pieces of ceramic items for daily use each year, of which over five billion pieces worth RMB50 billion are ceramic art items. China not only has a history of producing ceramic ware, it is the biggest producer of ceramic ware in the world. It produces 27 ...
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Shandong Software and Service Outsourcing Grew 37% in 1H '11
(Aug 08, 2011) Exports of software and outsourcing enterprises in Shandong Province have managed to grow after the Japanese earthquake as it has found more new markets. In the first half of 2011, exports of software and outsourcing by Shandong enterprises totaled US$107 million, up 37.3% year-on-year. By late June, there were 1,545 ...
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SME Lending: A Visit to Bank of Communications Beijing
(Aug 03, 2011) The Beijing branch of Bank of Communications (BcComm) started lending to small and medium enterprises (SMEs) in special industries in 2006, and since then, it has drawn silver linings for thousands of SMEs and has built itself a proud business. Beijing-based companies in the technology, cultural creation and energy saving ...
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Groupon Sites Doubled in China
(Aug 02, 2011) The number of groupon websites in China doubled in six months from 2,612 in late 2010 to 5,300 in June 2011, according to an electronic commerce research group in China. Groupon websites staged a remarkable growth in the second quarter of the year and in June, they covered an average ...
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Chinese Buy RMB21Bn Overseas Products Online Via Agents
(Aug 02, 2011) Consumers in China online purchased overseas products worth RMB20.6 billion through overseas agents or intermediaries in the first half of 2011, possibly buying products worth a total of RMB24.1 billion by the end of this year. China Electronic Commerce Research Centre (CECRC) reveals that the online purchases, through overseas agents, ...
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China's Internet Uses Grow 6.1% to 485Mn
(Jul 20, 2011) The latest figures from China Internet Network Information Center (CINIC) show as of the end of June 2011, there were 485 million internet users in China, an increase of 6.1% from that at the end of 2010. Among the pool of internet users, 65.5% of them were mobile phone internet ...
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Hong Kong Received 14.4% More Mainlander Tours in 1H '11
(Jul 14, 2011) Hong Kong received over 45,000 mainland Chinese tours from January to June this year, posting an increase of 14.4% over the same period in last year. The latest data released by the Travel Industry Council of Hong Kong (TIC) show a total of 45,426 mainland tours arrived in Hong Kong ...
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Guangdong has the Biggest Animation Market in China
(Jul 11, 2011) The cultural department of China did a large and broad survey on the animation industry nationwide in 2010, for the first time, sample-checking the data and operating conditions of 1,228 animation companies in 29 major provinces, regions and cities. Based on the numbers dug out, Guangdong had the biggest animation ...
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