China News Direct

 
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Xiamen to set up a bonded port
(Dec 28, 2007) The city of Xiamen in Fujian province plans to carve out a bonded port area of 10 sq km, the upper limit in area, to speed up the development of the city. The Xiamen Municipal Government has submitted the application to the State Council of China in December 2007, says ...
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Tax adjustments for intermediate products start in Jan 2008
(Dec 27, 2007) To limit the exports of high energy consumption products, China's Ministry of Finance has adjusted the import and export tax rates for different products such as steel billets, coke and semi-coke, diesel fuel, gasoline and jet fuel, effective January 1, 2008. The export tax rate of steel billets will be ...
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Sino-US trade to exceed US$300bn in 2007
(Dec 24, 2007) Ministry of Commerce official He Ning says that Sino-American bilateral trade is expected to exceed US$300 billion in 2007. By the end of 2007, China may surpass Japan to be the third largest export market of the U.S. He says bilateral trade relationship between the two countries keeps increasing, as ...
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Full trade report management implemented in Guangdong
(Dec 21, 2007) The Guangdong Inspection and Quarantine Bureau is implementing full inspection and quarantine report management to obtain comprehensive cargo entry-exit information and to crack down improper practice. According to the new regulation, importers/exporters are required to report details of goods and other relevant information. Details to be reported include: goods name, ...
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US sub-prime affects foreign trade in Guangdong
(Dec 21, 2007) Export trade enterprises in Guangdong province has become one of the main victims of the US sub-prime crisis. Seagull Group, an export company manufacturing high class bathroom facilities in Panyu of Guangdong province, reveals that half of the company's market share comes from the US. Cui Dingchang, Secretary for Board ...
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Shenzhen names 34 trustworthy enterprises
(Dec 21, 2007) Office for Combating Smuggling of Shenzhen Municipal named 34 enterprises as trustworthy and law-abiding. Hong Kong-based Xinyi Glass Holdings and Sweda Limited, specializing in electronic products and watches, are among the 34. The named enterprises will enjoy priority service from 11 Shenzhen government departments such as Office for Combating Smuggling, ...
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Chinese government may hike steel export tax
(Dec 21, 2007) The China Iron and Steel Association (CISA) predicts the government may increase iron and steel export tax in 2008 if future exports exceed the October and November 2007 levels. Wu Xichun, consultant of CISA, says that net iron and steel exports should fall by 20 million tons in 2008 from ...
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Service industry framework set up for the Yangtze Delta
(Dec 21, 2007) The Development and Reform Commissions of the provinces of Jiangsu and Zhejiang, and the city of Shanghai sign an agreement on December 20, 2007 on cooperation and development of modern service industries in the Yangtze Delta. The alliance targets cooperation of information sharing, exchanging as well as trade dispute solving. ...
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Sinosure plans insurance products for Henan enterprises
(Dec 21, 2007) China Export & Credit Insurance Corporation (Sinosure) reached a strategic cooperation agreement with The People's Government of Henan Province on insurance products in December 2007. Sinosure will allocate credit insurance resources to help Henan enterprises develop export trades in goods and services. The agreement covers overseas investments, capital goods export ...
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Information platform promotes agri-trade in Guangdong
(Dec 20, 2007) The Multiple Information Service Platform launched in March 2003 has enhanced the efficiency of information exchange in rural areas of Guangdong province. Shang Yong, Vice Minister of Ministry of Science and Technology, is pleased with the progress and performance of the platform. At present, service institutions of the platform are ...
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