China News Direct

 
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China Guodian and Schmid in Technology Alliance
(Jul 11, 2011) The Solar Energy Research Unit of Guodian New Energy Technology Research Institute signed a strategic alliance agreement with Schmid of Germany on July 6, opening a new page in Sino-foreign energy research and development. China Guodian Corporation, the mother company of Guodian New Energy Technology Research Institute based in Beijing, ...
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China Waives Import Tariff on Animation Products
(Jul 11, 2011) Registered animation companies in China will be waived import tariff and value-added tax (VAT) on imported animation development and creation-used products from January 1, 2011 to December 31, 2015. It is the first time China waives taxes for the animation industry, aiming to give it fiscal supports. The new ruling ...
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Shanghai To Stage All-round Shopping Festival in Sept
(Jul 06, 2011) Shanghai is going to start its annual shopping festival on September 9 this year, promoting online and TV shopping at the same time. Shanghai vows to stage an all-round shopping festival this year, combining the shopping festival with the promotions of tourism, trade services and art festival. It is eager ...
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Taxing Online Shops Becomes a Trend in China
(Jul 06, 2011) The State Administration of Taxation of Wuhan, Hubei Province has issued China's first personal income tax bill to an online shop run by individuals, starting the trend of taxing online income. Wuhan starts levying taxes at a threshold of RMB5,000, and the first tax bill made to an online clothing ...
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China Merchants Shekou Buys Land for Mother Port
(Jul 06, 2011) China Merchants Shekou Industrial Zone Co. Ltd. has snapped up the piece of land, K202-0014 in Taiziwan, Shekou, for RMB6.439 billion which was also the base price. The plot of land is located in Shekou's commercial and port district where mixed commercial and residential facilities, warehousing and storage, and port ...
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Fujian Invests RMB30Bn in Spa Resort Tourism
(Jul 05, 2011) Fujian Province has created a spa and hot spring resort tourism industry after investing over RMB30 billion in spa and hot spring facilities across the province. Fujian has named six key tourism promotional and construction projects for 2011, of which investment in hot spring projects amount to a total of ...
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Diamond Shines Chinese Tourists
(Jun 30, 2011) The purchasing power of mainland Chinese people toke the Taiwan jewelry market by surprise when a mainland Chinese tourist, engaging in the real estate business in China, bought an 11.99 carat diamond for NT$24 million in Kaohsiung, Taiwan just last month. Although not confirmed by the jewelry store in Kaohsiung, ...
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Metrojet Appoints Director of Corporate Development
(Jun 29, 2011) Hong Kong-based business aircraft service provider Metrojet Limited has announced the appointment of Tan Siah-Joo as Director of Corporate Development who will lead the company in strategic planning and business development in aviation services in Asia. An aircraft engineer by training and also an executive from Columbia University, Tan has ...
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Guangdong Property Developers Managed To Keep Investment Up 31%
(Jun 21, 2011) Investment in property development continues to soar in Guangdong Province despite the central government's call to slow it down. From January to May 2011, developers invested RMB150.19 billion in property development in Guangdong, representing a growth of 31% over the same time last year. The growth rate of 31% was ...
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Big Room for Growth in China's Online Shopping
(Jun 17, 2011) China's Ministry of Commerce will give more support to e-commerce which is forecast to rise to account for 5% of China's total retail sales of consumer goods by 2015. The value of internet purchase broke US$800 billion in the world in 2010, and it is forecast to rise to over ...
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