China News Direct

 
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China Produces Fewer Household Appliances
(Oct 08, 2008) Huo Dufang, Chief Director of China Household Electronic Appliance Association, said in Hefei that China's household electronic appliance industry is experiencing hardship with growth rate in production, sale and export shrinking significantly. China's production of air-conditioners, microwave ovens and air conditioning compressors account for 80%, 80% and 70% of the ...
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Dongguan Gives SMEs RMB1bn Help
(Oct 08, 2008) The Dongguan government has planned to allocate 1 billion yuan to support local SME financing. The specific use of the money still keeps unveiled by now. It is said that the financial support will only be given to enterprises with annual sales revenue of less than 300 million yuan(no revenue ...
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Mayer to Develop Properties in Taiwan
(Oct 08, 2008) Mayer Holdings Ltd. will invest HK$335 million construction and properties in Taiwan. Mayer will buy an 88.59% equity stake of a construction and property development company in Taiwan for HK$335 million. The company has land reserve enough for five years of development. It has completed properties of 43,000 sq meters ...
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Companies Stay on Top with Expanded Services
(Oct 02, 2008) Many mainland industries find challenges in their operations during unfavorable economic conditions like financial turmoil and surging prices of raw materials, and many of them choose to extend industry chain to cope with challenges. Yang Yuanqing, Chairman of Lenovo Group, a China-based PC manufacturer, said the company aims at the ...
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State Construction Gets Hands on Indian Infrastructures
(Oct 02, 2008) Indian infrastructure and property industries achieve high development these years, but they still have room for further developments. China State Construction International Holdings Ltd. (CSCI) had entered into the Indian construction market in 2005 and it mainly participated in road and airport construction projects. Zhang Zhesun, the executive director of ...
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Perfectech Aims to Break Even Under Poor Economy
(Sep 29, 2008) Perfectech International Holdings Ltd. adopts a 'breakeven' strategy under the shadow of a recessing economy. The market consumption power is weak under poor economic environment. Poon Siu Chung, the chairman of the company, estimated consumers to perform practical consumption, for instance choosing educational toys to replace ornaments. Poon stated that ...
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Guangdong's Guzhen to Promote LED Lighting
(Sep 29, 2008) Guzhen county, Zhongshan city in Guangzhou, will hold the 7th China (Guzhen) International Lighting Fair. The Light-emitting Diodes (LED) is the spotlight. The LED market has good prospects, thanks to its great energy saving nature. More and more lighting enterprises have come into the LED field. The 7th Lighting Fair ...
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China South City Targets RMB200bn Revenue
(Sep 26, 2008) China South City (CSC) will upgrade its facilities and has launched several measures to boost business. By the end of 2009, CSC of Shenzhen will complete the business invitation and second phase construction of three main buildings: textile and apparel, leather goods and international global logistics centers. From 2009 to ...
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HK Firms Pour US$12bn into Ningbo
(Sep 25, 2008) The number of foreign companies going to Ningbo, Zhejiang province is increasing and now, as many as 40% of foreign companies in Ningbo are from Hong Kong. Since 2002, Ningbo has approved 2,492 Hong Kong companies to set up in the city, concerning total contracted foreign investment of US$11.9 billion ...
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Wenzhou's Ruian Builds a Strong Industry Base
(Sep 25, 2008) Ruian in Wenzhou city, Zhejiang province, is one of the most energetic cities in economic development. The city had a GDP value of RMB32.7 billion in 2007, rose 14% on year. Its gross industrial output value rose 20.9% on year to RMB75.06 billion. Ruian has formed three pillar industries: auto ...
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