China News Direct

 
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Maintaining Growth Becomes Top Priority in '09
(Dec 02, 2008) Reported by Xinhua News Agency, Politburo of CPC Central Committee has recently held a conference to analyze the economic work for 2009 and decided to facilitate a series of reforms concerning rural areas, tax system, price and levy systems, finance and administrative management systems and state-owned enterprises. Politburo in the ...
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Xiamen Logistics Center to Operate in 2010
(Dec 01, 2008) The main body of Xiamen International Logistics Center has finished construction at the end of this November. The construction works started in May 2007 and the logistics center will start to operate in March 2010. The RMB900 million logistics center is an important ancillary project of the 9 sq. kilometers ...
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Yantian Port To Build China's Largest Logistics Centre
(Dec 01, 2008) The modern logistics center of Shenzhen Yantian Port started its construction on November 26. It costs RMB1.8 billion and will become the single largest logistics center in China. Located at the northern part of the logistics park in Yantian Port Bonded Zone, the modern logistics center will be housed on ...
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Guangdong Lays Plans to Improve Logistics
(Dec 01, 2008) Guangdong's logistics industry remains at a low level as it is facing problems such as high cost, low added-value and slow construction of infrastructures. Guangdong's logistics cost accounts for 18% of its GDP value, while the proportions in developed countries such as US and Japan are only about 8%-9%. Guangdong ...
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Most Airline Companies Stay in the Red
(Dec 01, 2008) Mainland airline companies may continue to see losses in the first half of 2009 although aviation fuel prices have dropped sharply to about US$50 a barrel. China Eastern Airlines Corporation Ltd.'s board secretary Luo Zhu-ping holds a bleak view about the civil aviation industry as growth of the industry has ...
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Anhui: Carmarking a Key for Economic Growth
(Nov 29, 2008) Anhui government is planning to allocate fiscal investment of RMB300 billion in the next two years to boost the development of the provincial economy. It is hoped that the government's investment will drive Anhui's total social infrastructure investment of RMB2 trillion in the next two years, with a focus on ...
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RMB16.5bn Earmarked for Gansu Road Construction
(Nov 29, 2008) Gansu is trying to seize the opportunity under demand-boosting plans to enhance the investment on rural road construction and maintenance, according to Yang Yinxiang, Deputy Director of Gansu Provincial Communications Department. Yan said the transportation departments with the province will invest RMB16.5 billion in 2009 on infrastructures including highways and ...
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RMB7.9tn Projects Slated for Boosting Hubei Economy
(Nov 29, 2008) Hubei's share of the RMB100 billion central government investment amounted to RMB4.8 billion and 26,000 construction project totaling RMB7.9 trillion will be rolled out in the next five years, according to the province's top planning official. Xu Kezhen, chief director of Hubei Development and Reform Commission said that the provincial ...
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Waterway Construction Investment Grows 17% in 7 years
(Nov 29, 2008) Starting from 2008, the central government will allocate RMB50 million annually as subsidy for urgent repair works of waterway, according to Song Dexing, chief director of Water Transport Department of the Ministry of Transportation. Speaking on a national waterway maintenance conference in Zhaoqing, Guangdong province, Song noted that till the ...
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Baiyun Airport Expansion Approved
(Nov 29, 2008) The National Development and Reform Commission has approved the Baiyun Airport 2nd phase expansion plan with a total investment of RMB14.036 billion, according to Liu Zijing, President of Guangdong Airport Management Corp. Speaking during the 2nd China International Air Routes Summit 2008, Liu said the third runway construction has started ...
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