China News Direct

 
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Taiwan poll shows businessmen turn optimistic
(May 08, 2008) A Taiwan CommonWealth Magazine poll of CEOs of Taiwan's top 1,000 companies shows 70% of those think Taiwan's prosperity would gradually come back in 2008 while 40% of them say they are likely to increase investment in Taiwan. 83% of those polled are Taiwanese entrepreneurs while 17% are foreign businessmen ...
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Guangdong rolls out 6 measures to relax market entry
(May 07, 2008) Guangdong province has launched six policies to relax market entry restrictions and provide benefits to Hong Kong companies registered in the Pearl River Delta. The six policies are: trial run of equity investment in other companies; trial registration for companies which prefer not to have a geographical prefix in their ...
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12,000 factories may close on new processing trade rule
(May 07, 2008) Federation of Hong Kong Industries (FHKI) chairman Clement Chen says, the grace period of the Chinese government's deposit account system for processing trade ends at the end of August and factory owners will have to pay up their processing trade account deposits, for that, they may run into liquidity problems. ...
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HK companies invest US$203bn in Guangdong so far in '08
(May 07, 2008) Latest statistics from the Administration of Industry and Commerce of Guangdong Province show there are 67,857 foreign companies in the province as of first quarter the year and of which, 44,258 are Hong Kong companies. In 2008 so far, Hong Kong investment in the province increases 2.3% from '07 year-end ...
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ASM Pacific Technology to stress R&D
(May 07, 2008) ASM Pacific Technology (ASMPT) will set up a third research and development (R&D) centre and have 10% of its turnover invested in R&D each year. Chief financial officer Eric Tang says stable turnover growth in the Mainland market has offset impact of the US sub-prime crisis. Share of turnover in ...
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Zhejiang's Deqing won 23 investment projects at trade forum
(May 06, 2008) At the Deqing Investment and Trade Forum 2008 held in Deqing County in the Province of Zhejiang, the county signed a total of 23 investment contracts, with 10 of those foreign and the rest domestic. The county has also reached consent on 58 cooperation agreements, and 26 of those are ...
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Zhejiang Haiyan throws more project through Hangzhou Bay Bridge
(May 06, 2008) With the Hangzhou Bay Bridge opening on May 1, Haiyan County in the Province of Zhejiang will promote 94 investment projects worth RMB16.983 billion in 2008. The county will focus on investments in equipment manufacturing, electronic instruments, logistics, tourism and modern services. Investment invitation targets are foreign entrepreneurs, large domestic ...
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Gaoyao reports stellar growth in 1Q
(May 06, 2008) Gaoyao city in the Province of Guangdong recorded a comprehensive fiscal growth rate of 87.45% in the first quarter of 2008, ranked second among the 67 counties and municipalities in Guangdong. In the first four months of 2008, Gaoyao recorded a general budget revenue of RMB217.13 million, growing 51.2% on ...
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Hefei's '08 science city investment tops RMB4 bn
(May 06, 2008) The city of Hefei in Anhui province plans to invest RMB4 billion in a 35.8 square kilometer science city project for scientific research and development. The science city is Hefei's core 2008 investment project. It includes setting up a machinery industrial park, developing infrastructures of the Nangang Technology Park headquarters ...
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Gree Electric Appliances sells air conditioning to Indian Telecom
(May 06, 2008) After going through a year of strict certification and evaluation by the Indian government, Gree Electric Appliances Inc. of Zhuhai in Guangdong finally wins a contract to supply air conditioning system to the base station of Indian Telecom. The contract is worth US$20 million and is the single biggest one ...
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