China News Direct

 
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Ocean Park may tender 3 hotels at year end 2008
(Feb 29, 2008) Ocean Park plans to build 3 hotels and it may adopt the Build-Operate-Transfer (BOT) mode in financing. The park does not need to bear additional expenditure. Contractors will be responsible for construction cost and land premium. The hotels will be managed by contractors while the profits will be shared with ...
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China's IT market to maintain 17.2% annual growth
(Feb 29, 2008) CCID Consulting Company Limited based in China estimates the information technology (IT) market of China would maintain a 17.2% growth annually from 2008 to 2012. Huge demand and increase in investments pushed up the overall scale of the market to RMB679.8 billion in 2007, representing a 19.2% year-on-year growth. CCID ...
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Yuyao encourages modern service investments
(Feb 28, 2008) Yuyao city in Zhejiang, China's eastern province, plans to attract foreign investments in modern service industry in 2008. The city will introduce 20 major modern service projects to encourage foreign investments, says the municipal Foreign Trade and Economic Cooperation Bureau in February. The investment projects will cover large business area, ...
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Foreign visitors to Yiwu up 20% in 2007
(Feb 28, 2008) Yiwu city in Zhejiang, an eastern province of China, recorded a 20.13% year-on-year growth in the number of foreign visitors in 2007. Foreign visitors went sight-seeing and shopping in the city jumped 20.13% to 312,417 people in 2007. Foreign exchange revenue of the tourism industry for the review period amounted ...
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Hunan to gain RMB6.5 billion from Red Tourism
(Feb 28, 2008) The province of Hunan is cashing in on Red Tourism, a new tourism product which combines patriotism and leisure. The province expects to have 21.75 million visitors to those 'Red' destinations in 2008, to bring in income of RMB6.5 billion, a 15% growth from 2007. In 2007, Hunan province had ...
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China aids Taiwan businessmen to transfer inward
(Feb 28, 2008) Taiwan Affairs Office of the State Council announces 4 new measures on Feb 27 to help Taiwan businessmen. The office proposes that China Development Bank to offer loans of RMB 30 billion in 3 years at a lending rate of less than 10% to Taiwanese businessmen. The policies also include ...
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Shui On Land invests in Yuunan tourism project
(Feb 28, 2008) Hong Kong's Shui On Land will invest RMB8 billion in a tourism project in Lijiang city in the southwest province of Yunnan. The developer reached a strategic cooperation agreement with the municipal government in February. The RMB8 billion investment will be for a resort in Lashihai, about ten kilometres from ...
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Gucci favored by one-fifth Internet users
(Feb 28, 2008) According to an online poll, Gucci is the most favorite brand for online consumers. One of 5 interviewees says they want to buy Gucci products. Poll organization Nielsen surveys 25,000 Internet consumers of 48 countries. If ruling out price factors, 20% say they want to buy Gucci products most, following ...
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Experts welcomes a bigger Budget for hotel
(Feb 28, 2008) Hong Kong experts welcome the government's plan to add 10 sites on the list for building different types of hotel as stated in the 2008-09 Budget. Charles Chan Chiukwok, Managing Director of property valuation and professional services of Savills, thinks increasing land sites for hotels is reasonable as Hong Kong ...
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Aberdeen redeveloped to be tourism and hotel centre
(Feb 28, 2008) The 2008-09 Budget confirms the Hong Kong's government's determination to develop tourism and financial industries. In tourism development, Aberdeen will be the development focus of Hong Kong Island. The Hong Kong government plans to turn it into a commercial, residential and international tourism community that has style and uniqueness. The ...
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