China News Direct

 
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Anhui's Anliang Steel Material Market To Complete at Year-end
(Jun 30, 2009) The Anhui Anliang Steel Material Market (ASMM) started construction in Hefei, the capital city of the province, on June 26. ASMM will be the largest steel market in Anhui, covering an area of over 500 mu (15 mu = 1 hectare). The first stage of construction costs RMB260 million and ...
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Inner Mongolia Levies Tax To Regulate Coal Price
(Jun 30, 2009) Inner Mongolia will levy a coal price adjustment fund on coal manufacturers starting from July 1, 2009, a move made to empower the provincial government's regulation and control of coal prices. Inner Mongolia is the seventh Chinese provincial region to levy the coal price adjustment fund, after Guizhou, Shaanxi, Ningxia, ...
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Guodian Increases Investment in Xinjiang
(Jun 29, 2009) China Guodian Corporation plans to invest RMB10 billion in Xinjiang Uygur Autonomous Region in the next two years, specializing in development of energy and resources. Zhu Yongpeng, president of Guodian, said Xinjiang had become an important investment destination for Guodian due to the abundant resources in the area. He said ...
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Henderson Land Has Enough Reserve for Recovery Gain
(Jun 29, 2009) Henderson Land Development Co., Ltd. (Henderson Land) has over 130 million square feet of land reserve in China, positioning itself right for China's property market recovery. Henderson Land acquired two land projects in Anshan city in Liaoning province for RMB1.4 billion, securing land area of 10 million square feet. Lee ...
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Guangdong's Top 10 Companies Did RMB844bn Sales in '08
(Jun 29, 2009) Guangdong has announced the list of Top 100 Enterprises and more agricultural enterprises get in. Hongfujin Precision Industry (Shenzhen) Co., Ltd. (Hongfujin), a subsidiary of Foxconn Technology Group, that has an annual sales revenue of RMB192.7 billion in 2008, ranked first among all 100 enterprises, followed by China Ping An ...
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China's Iron and Steel Industry Sees Profit and Price Hike Again
(Jun 29, 2009) In this May, China's 72 big and medium iron and steel enterprises recorded profit of RMB1.26 billion, the first profit seen in the last 9 months, said Chi Jingdong, vice chief secretary of China Iron and Steel Association(CISA). Chi noted that in the first five months of the year, China's ...
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CBRC Tightens Regulations on Risk Management Products
(Jun 29, 2009) China Banking Regulatory Commission (CBRC) plans to issue new rules to regulate banks' risk management products. Li Fuan, director general of Supervisory Cooperation Department for Banking Innovation, CBRC, said at a seminar that CBRC will launch regulations to guide banks' design, development and post-sales management of financial products. The new ...
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Guangdong's Qingyuan To Provide Copper Trading Services
(Jun 27, 2009) Qingyuan city in Guangdong province plans to set up a copper exchange center with a total investment of RMB500 million. Lai Kunhong, chief director of Qingyuan's renewable metals chamber of commerce, said the copper exchange centre is scheduled to open in October 2009 and to focus on the exchange of ...
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China's Industry Profits Forecast To Grow at Year End
(Jun 27, 2009) For the first five months of 2009, China's large-scale industries achieved total profit of RMB850.2 billion, decreasing by 22.9% on-year but the rate of decline was narrowing, announced National Bureau of Statistics(NBS). The bureau said on June 26 that the rate of decline of the first five months was 14.4 ...
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Guangdong's Iron Sand Import Rebounded in May '09
(Jun 27, 2009) Guangdong is importing much iron sand, and the industry is recovering gradually. Guangdong Customs said the province recorded iron sand import volume of 900,000 tons in May 2009. During the first five months, the province imported iron sand of 3.291 million tons with total value of US$240 million, decreasing by ...
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