China News Direct

 
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SASAC Ranks SOEs, China Mobile Tops the Rest
(Jul 24, 2009) China Mobile ranked first in performance appraisal of China's state-owned enterprises (SOEs) for 2008. China's State-Owned Assets Supervision and Administration Commission (SASAC) announced the 2008 China's SOEs performance appraisal on July 23, in which 32 enterprises were given an A score, accounting for 22.07% of the total. China Mobile, China ...
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Shenzhen's Longgang Aims at 12.5% GDP for '09
(Jul 24, 2009) Longguan district of Shenzhen will strive to secure a GDP growth of 12.5% for the whole year of 2009 after reporting stellar economic growth in the first half of the year. Longgang recorded strong performances in all key financial indicators in the first half of this year, delivering GDP value ...
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Shenzhen's Longgang GDP up 8.7% in 1H '09
(Jul 24, 2009) Longgang District in Guangdong's Shenzhen city generated GDP of RMB66.638 billion in the first half of 2009, growing by 8.7% on-year, announced by Zhang Bei, head of Longgang District on an economic work conference on July 23. Longgang District recorded large-scale enterprise industrial output value of RMB37.882 billion and retail ...
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Tertiary Industry Pulls Shanghai's Foreign Investment
(Jul 24, 2009) Shanghai Municipality recorded actual foreign investment of US$5.15 billion in the first half of 2009, growing by 2.5% on-year. The growth rate is still 20 percentage points higher than the average actual foreign investment growth for China's provincial regions which have seen negative growth. But Shanghai's contractual foreign investment remained ...
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Caofeidian Invests RMB100bn in Eco-friendly Development
(Jul 24, 2009) Caofeidian district in Tangshan city, Hebei province, is planning over RMB100 billion investment in environmental protection and eco-friendly construction. Caofeidian's eco city has planned 46 construction projects with a total investment of RMB102.7 billion, of which 35 projects worth RMB20.67 billion will start construction in 2009. The Caofeidian eco city ...
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Industrial Upgrade Gives Changsha's Yuhua RMB1bn Tax Income
(Jul 24, 2009) Yuhua district in Changsha, the capital city of Hunan province, recorded RMB1 billion of fiscal revenue in the first half of 2009. Zhang Jianguo, party secretary of Yuhua, said that the district focused on pushing the industrial restructuring and speeding up the development of environmental protection and sci-tech industries. Yuhua ...
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CPC Meeting Put Attention on Securing Growth
(Jul 24, 2009) Chinese President Hu Jintao called for securing economic growth and continuing adjusting China's economic structure in the second half of the year. The meeting of the Communist Party of China (CPC) Central Committee Political Bureau held in late July was presided by President Hu who said that China's economy was ...
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China Forms New Firm To Merge Weak SOEs
(Jul 24, 2009) China's State-Owned Assets Supervision and Administration Commission (SASAC) is waiting for State Council's approval to launch a new state-owned asset management company. SASAC and China's Ministry of Finance revealed on July 23 that the long-planned new state-owned asset management company will be called Guoxin Asset Management Co (Guoxin) and will ...
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China Wants Solid Assets To Hedge Against Risks
(Jul 24, 2009) China's foreign exchange reserve has exceeded US$2 trillion, prompting the Chinese government to think more about diversifying investment for higher return. Chinese Premier Wen Jiabao said that China will use its foreign exchange reserve to support and speed up the expansion and merge and acquisitions (M&A) of domestic enterprises overseas. ...
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Shenzhen Outlines Services Development To 2015
(Jul 23, 2009) The Shenzhen municipal government unveiled a development plan on modern industries from 2009 to 2015, focusing on promoting four key industries. According to the development plan, Shenzhen will focus on building four industries which include electronic information, emerging and high-tech industries, advanced manufacturing and modern services. To form a financial ...
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