China News Direct

 
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HP To Get RMB50bn from Chongqing
(Dec 15, 2008) HP, the world's famous computer provider, has set up a global computer manufacture base in Chongqing Xiyong Microelectronic Industrial Park. The HP computer base covers 60,000 sq meters of area and will start operation in 2010, giving HP an annual output value of about RMB50 billion. It will be HP's ...
Price: USD $17.50
 
   
Lenovo in Initial Investment Talks
(Dec 12, 2008) Lenovo Group Ltd. is in initial investment and acquisition talks with a third independent party but no solid agreements have been reached. The market rumoured that Lenovo was interested in buying Positivo Informatica, the biggest PC manufacturer in Brazil. But Lenovo said it was not negotiating any acquisitions nor reached ...
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TPV Cuts Costs and Produces More
(Dec 11, 2008) TPV Technology Ltd. will cut capital expenditure by half and will keep more cash in view of an economic weakness. TPV Technology will cut capital expenditure from this year's US$180 million to US$100 million in 2009, and strives to cut operation costs by 15-20% which includes a 10% cut in ...
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TCL Multimedia's LCD TV Sales up 2.4 Times
(Dec 10, 2008) TCL Multimedia Technology Holdings Ltd. announced sales figures concerning the first 11 months of 2008. TCL Multimedia Technology sold 914,282 sets of TV in November and 13.18 million sets in the first 11 months of the year, dropping 30% and 2.8% respectively from the same time in 2007. It sold ...
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Siemens China Sticks to Investment Plan
(Dec 09, 2008) German industrial conglomerate Siemens will not withdraw its RMB10 billion investment from the mainland despite the global economic downturn. Richard Hausmann, President and CEO of Siemens China, said the company saw 'no reason' to alter its interim investment plan as Hausmann believed that China would maintain rapid growth in the ...
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RMB47bn Investments Went to Zhaoxing, Guangdong
(Dec 08, 2008) The four-day Zhaoxing investment promotion seminar has come to fruition after contracts worth about RMB47.2 billion were signed. Zhaoxing is a city in Guangdong province and about 1,200 businessmen from the US, Japan, Korea and Hong Kong attended the seminar which ended on December 7. Huang Yunlong, Executive Vice-Governor of ...
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Guangzhou Labour Dispute Arbitrations Doubled
(Dec 08, 2008) An increase in salary arrears and labour dispute under the worsening business environment has contributed to a sharp rise in labour dispute arbitration cases, according to Guangzhou Labour and Social Security Bureau. The Bureau said that Guangzhou recorded some 60,000 cases of labour dispute arbitrations between January and November of ...
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Anhui's Qingyang Targets RMB2.2bn Foreign Investment
(Dec 08, 2008) Thanks to foreign investment, the GDP of Qingyang county of Anhui province recorded a 17.6% year-on-year growth to RMB1.91 billion during the first ten months of 2008. Qingyang plans to bring in about RMB2.2 billion of foreign investment in 2009. Zhang Qing, vice county head of Qingyang, said the county ...
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Yunnan's Shilin Invests RMB9bn in Solar Power
(Dec 08, 2008) The construction of China's largest solar power station has been started in Shilin county, Yunnan province with planned gross installed capacity of 166 megawatts. The power station carried a total investment of RMB9.1 billion, said an officer from Yunnan Provincial Power Investment New Energy Development Ltd. which is one of ...
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Moulding Maker Chen Hsong Profit Down on Cost Hike
(Dec 06, 2008) Chen Hsong Holdings Ltd. announced interim results for the period ended September 2008 when sales and net profit dropped. The company's plastic rubber business recorded a sharp drop in profit due to soaring raw material price and it has decided to focus on maintaining stable cash flow in the near ...
Price: USD $17.50