China News Direct

 
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China's November PMI at 49% but No Sharp Fall
(Dec 01, 2011) The PMI announced by China Federation of Logistics & Purchasing (CFLP) for the month of November stayed below 50% at 49.0%, showing an on-month decrease of 1.4 percentage points and largely reflecting a downward trending but no-sharp-fall economy. In November, the sub-indexes for new orders and new export orders stayed ...
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Wenzhou To Grow on Six Strategic Emerging Industries
(Nov 30, 2011) Strategic emerging industries are expected to grow an annualized 39% each year over the next five years to give Wenzhou, Zhejiang province an industrial output value of RMB150 billion, sharing 15% of the city's GDP in 2015. Wenzhou has made it clear that it wants new industries which produce growth, ...
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Central Economic Work Conference Prelude: Fine-tune the Economy
(Nov 29, 2011) The tone of the macro economy in China will remain largely stable next year but within that stability, certain forward-looking, goal-oriented and structural adjustments will be made to fine-tune its economic transformation, a view generally adopted by economists ahead of the Central Economic Work Conference to be held in December. ...
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MIIT: Industrial Growth to Shed 1-2% in 2012
(Nov 28, 2011) The industry department of China has issued a warning about a possible swift retreat in macro economic growth which is concurrently plagued by a weak external demand and a challenging internal operating environment. In its quarterly industrial and economic outlook report, the Ministry of Industry and Information Technology (MIIT) has ...
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November CPI Forecast to Drop over 1% in China
(Nov 28, 2011) Lowering property prices and the carry-over effects from previous months will continue to bring China's CPI down further in November, giving immense relief to ordinary people who have found prices of daily food and vegetable friendly priced lately. The market consensus is that the November CPI will drop remarkably and ...
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Industrial Profit up 25.3% in China, Profit Margin Low at 6%
(Nov 25, 2011) Scaled industrial companies in China made a profit of RMB4.12 trillion from January to October, showing a growth of 25.3% year-on-year and among all types of companies, private companies staged the sharpest growth of 44.3% in profitability. In the ten-month period, private companies made a profit of RMB1.17 trillion, showing ...
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Only Online Sales Can Make It
(Nov 24, 2011) Only online sales will be able to make it when hundreds of millions of dollars of transactions are required to be done in a matter of several minutes. Taobao.com made it on November 11. Online sales will be able to deliver the kind of exponential or explosive-type of sales at ...
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Robust Employment Underpins China's Stable Economy
(Nov 23, 2011) The robust job market will underpin China's economy which is not expected to stage a hard landing despite various negative incidents. Comparing to the ups and downs of GDP, the employment condition in China will be a better indicator of how the Chinese economy is doing, says Pan Jian-cheng, deputy ...
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Legislation Checks Government Administration and Procurement
(Nov 22, 2011) The Legislative Affairs Office of the State Council of China has issued regulations on management to forbid local governments from misappropriating the funds for purchasing government official vehicles, overseas trips and government reception activities. For the first time, the government administration of the three types of public spending will be ...
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Poll Shows High Hope of Business Operation Next Year
(Nov 22, 2011) Poll results show that business operators in China are cautiously optimistic about the economy, having a higher hope for next year's economy and business operating environment than the current one in the fourth quarter of 2011. In the latest survey conducted by China Enterprise Survey System (CESS), it is shown ...
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