China News Direct

 
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Yunnan GDP up 11% in '09, Above Average
(Jan 24, 2009) Data given by Yunnan Statistics Bureau showed that Yunnan GDP for the year 2008 totaled RMB570.01 billion and rose 11.0% on year, compare to the national GDP growth of 9%. In 2008, Yunnan's primary industry realized total added value of RMB102.09 billion and rose 7.6% on year, compare to the ...
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Argentina Sold 8.56mn Tons Soybean To China
(Jan 23, 2009) Argentina exported 8.56 million tons of soybean to China in the first ten months of 2008, up 11.46% on year. Argentina exported 11.36 million tons of soybean to the world in the first ten months of 2008, up 11.36% on year, and it exported 4.48 million tons of bean oil ...
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New World Department Store Restructures for Higher Profit
(Jan 23, 2009) New World Department Store China Ltd. (NWDS) plans to introduce more brands into its mainland outlets through restructuring. Adrian Cheng, Executive Director of NWDS, sees weakening sales for goods like watches, men's wear and some high-end products under the financial tsunami. The situation has been seen particularly serious in coastal ...
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Natural Beauty Business Weakened in Financial Tsunami
(Jan 23, 2009) Natural Beauty Bio-Technology Ltd. has seen business shrinkage in its China and Taiwan business in the second half of 2008 after the financial tsunami. Natural Beauty Bio-Technology said sales in the second half of the year was 12% lower than that in the first half, and sales in the fourth ...
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Korea Imported US$670mn Wine in '08
(Jan 23, 2009) Korea imported US$670 million worth of wine products in 2008. Information from the Korean Customs showed wine imports to Korea rose 8.7% on year to a total value of US$670 million last year. In 2009, Korea will step up export of white wine of low to medium-grade which has competitiveness. ...
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Dickson Concepts Cuts Wages But Keep Workers
(Jan 23, 2009) All employees at Dickson Concepts will receive 5% less salary starting next month in the company's new move to tackle the financial tsunami. Dickson Concepts' directors and senior management, including chairman Dickson Poon, has already had their pay cut 20% last year. Now, the 500 employees at the company's 70 ...
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Tianjin Guobuli Plans Pan-Bohai Rim Expansion
(Jan 21, 2009) China Tianjin Goubuli Group (Goubuli) will open at least three outlets in Tianjin this year. Goubuli, a 150-year-old famous Chinese snack producer, owns eleven hotels in Beijing and Tianjin so far. Zhang Yansen, chairman of Goubuli, expressed that the company would expand quickly in the Pan-Bohai Rim this year. Zhang ...
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Hangzhou Gives RMB140mn to Support Spending
(Jan 21, 2009) Hangzhou city in Zhejiang province will get out RMB40 million as spending cash coupons to boost tourism. The 400,000 sets of cash coupon, each with a face value of RMB100, carry the mission of attracting travelers to Hangzhou. The city government will select several cities to promote tourism and from ...
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Korea Food Exports to Break Through US$4.5bn in '09
(Jan 20, 2009) Korea exported US$4.405 billion worth of agricultural food products in 2008, up 17.2% on year and broke record. Korea exported a wide variety of agricultural and aquatic products like kimchi, ginseng, pepper, seaweed, wine and noodles. Export sales of fruit, flower, oil seasoning, coffee and mushroom also had stellar growth ...
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Academy of Sciences Sees over 8% Growth in '09
(Jan 20, 2009) The Chinese Academy of Sciences (CAS) issued a report on China's economic forecast on January 19, expecting the country's economy to rebound in the 3rd quarter 2009. CAS expects China to record an 8.3% GDP growth and a 10.7% industrial value-added growth in 2009. Yang Xiaoguang, vice director of Forecasting ...
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