China News Direct

 
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Guangdong, HK & Macau seek four-way cooperation
(Mar 07, 2008) The governor of Guangdong province Huang Huahua says Guangdong, Hong Kong and Macau will cooperate in the four areas in 2008: economy and trade, social services, cross-border infrastructure and technology. Bilateral trade between the province and HK exceeded RMB410 billion in 2007 and the amount grows 20% on average each ...
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Shenzhen high-end services see good growth
(Mar 06, 2008) The high-end service industry in Shenzhen has shown brisk development in recent years. Services like financial innovations, modern logistics, internet information, service outsourcing, creative design, exhibitions and high-end tourism are expected to continue growing in the future. Deputy Mayor Liu Yingli stresses that the city will support and provide sufficient ...
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Beijing sees '08 trade surplus decrease
(Mar 06, 2008) China's Vice Minister of Commerce Ma Xiuhong believes the country's trade surplus would drop in 2008 because of the US subprime crisis. Impact of the crisis is expanding and pushing down US domestic consumption. Being an important export market of China, decreases in market demands will affect Chinese exports. Rapid ...
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China targets 8% GDP and 4.8% CPI in '08
(Mar 06, 2008) At the 11th National People's Congress session on March 5, China announced its major economic targets for 2008. In 2008, China targets a GDP growth of 8%, an overall CPI growth of 4.8%, newly added cities and towns employment of 10 million people, and registered unemployment rate of cities and ...
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World Expo halls 10% more energy saving
(Mar 05, 2008) Building of a permanent construction which has four exhibition halls for the 2010 World Expo in Shanghai has started. The building consumes 10% less energy than the national average. The most sophisticated energy saving and eco-friendly technologies are being applied in the venue. The exhibition halls will use mostly natural ...
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Guangdong builds ornament trade center in Dongguan
(Mar 04, 2008) The province of Guangdong's RMB1.6 billion investment of a 560,000 square metres Guangdong Zhongyuan Metallic Merchandise City in the Chang'an township of Dongguan city has 13,000 retail stores of ornaments and garment and footwear accessories. Major manufacturers in the trade from Dongguan, Hong Kong, Yiwu, Qingdao, Wuzhou and Guangzhou have ...
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Guangdong dominated 44% furniture export trade in '07
(Mar 04, 2008) The province of Guangdong's furniture export accounted for 44.2% of China's total volume in 2007, says Guangdong Furniture Association. The province's furniture industry maintained fast and stable development in 2007. The whole-year sales amounted to RMB160 billion, representing a 25% year-on-year growth and accounting for 29.6% of China's total sales. ...
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IIC-China reveals strong demand for electronic technology
(Mar 04, 2008) The scale of 13th Annual International IC-China Conference and Exhibition (IIC-China), organized by Global Sources in Chengdu, Shenzhen, Beijing and Shanghai from 28th February to 11th March 2008, sets a new record in the history and reveals China's growing demand for electronic technology. Mark Saunderson, President of Global Sources' Electronics ...
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Geely Automobile doubles overseas sales
(Mar 04, 2008) Geely Automobile Holdings Ltd. expects to sell more cars to overseas markets in 2008. Geely Automobile managing director Li Shu Fu plans to export 70,000 to 80,000 units of automobile this year, doubling the units in 2007. It does not have a fixed timetable about venturing into the US market. ...
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Ministry of Commerce: Export growth slowing down
(Mar 04, 2008) China will continue to raise import tariff in 2008 although the magnitude or detail of the rise will be revealed later. Minister of Commerce Chen De-ming expects that China's overall exports will continue to increase this year. The pace of exports growth, however, will slow down comparing to 2007. The ...
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