China News Direct

 
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Guangdong Develops New Arable Land
(Apr 15, 2009) Guangdong province is planning to explore 2.5 million mu(1 mu= 1/6 acre) of new arable land in the five years from 2008 to 2012, strengthening the province's food self-sufficiency. Zhao Yufang, chief director of Guangdong land and resources department, said the provincial government has decided to allocate fiscal capital of ...
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Jiangsu GDP Growth Higher Than National Average
(Apr 15, 2009) Benefited by the government's stimulus plan, Jiangsu province's economy saw big a major recovery in the first quarter 2009 when GDP growth rose above 10%. Jiangsu statistics department said although Jiangsu's foreign trade still posted negative growth, its investment and consumption were speeding up. In the first quarter, Jiangsu realized ...
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Tsingtao Brewery Adjusts Product Mix for Double-digit Growth
(Apr 15, 2009) Tsingtao Brewery Co., Ltd. will optimize product mix to cope with the intense competition from its rivals. Jin Zhigang, chairman of Tsingtao Brewery, said on April 14 that the company will cut its expenditure from RMB2 billion in 2008 to less than RMB0.9 billion in 2009. Jin mentioned that the ...
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Doctors Voice Concern over Children Obesity
(Apr 12, 2009) Doctors warn that one in five children in Hong Kong may be obese and children are asked to exercise more and to practise a healthier lifestyle. A group of 30 year-three medical school students at the University of Hong Kong organized a cycling tour over the Easter weekend, voicing their ...
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Bonjour Sees New Growth from Beauty Services
(Apr 09, 2009) Cosmetics retailer and wholesaler Bonjour Holdings Ltd. (Bonjour) sees beauty service business a key growth engine in the coming two to three years. Executive Director Alan Chan said the company plans to set up eight to ten beauty service centers over the next two to three years. He believes there ...
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State Council Confirms Food Self-sufficiency
(Apr 09, 2009) The State Council in principle passed the "National Newly Added 100 Billion Catties Food Production Capacity Plan 2009-2020" at yesterday's meeting which confirmed the country's direction of staying self-sufficient in food production. The meeting re-iterated that ensuring food supply is forefront in sustaining economic growth and enlarging domestic consumption. By ...
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Vinda Plans Expansion in Rural China
(Apr 09, 2009) China's leading household paper tissue manufacturer Vinda International Holdings Ltd. (Vinda International) plans to raise production capacity by 60,000 tons this year, preparing for expansion into rural China. The company will adjust paper product prices to match local standards in rural China and in second-tier cities, said Chairman Li Chao-wang. ...
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Tao Heung Opens Ten More Restaurants
(Apr 08, 2009) Hong Kong restaurant group Tao Heung Holdings Ltd. (Tao Heung) plans to expand business by opening ten new restaurants this year. Tao Heung will open eight new outlets in Hong Kong and two in the mainland in 2009, involving capital expenditure of HK$80 million for Hong Kong and HK$40 million ...
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Chinese Affluent Groups Show Different Spending Habits
(Apr 08, 2009) Management consulting firm McKinsey & Co. foresees China having more than 4 million wealthy households by 2015, ranking the world's fourth following the US, Japan and the UK. McKinsey & Co. has conducted a research, covering 1,750 wealthy households from 16 mainland cities. Results showed that the number of wealthy ...
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Apm Shopping Mall Starts Renovation in 2H '09
(Apr 07, 2009) Sun Hung Kai Properties (SHKP) will spend HK$40 million to renovate apm shopping mall in Kwun Tong, hoping to sustain a double-digit growth in rental rate. This is the first time apm renovates since its opening in 2005. The renovation may last for a year and is scheduled to start ...
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