China News Direct

 
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EVA Precision Industrial to focus on plastic mould business
(Apr 02, 2008) China-based EVA Precision Industrial Holdings expects its plastic injection mould sales to account for half of its overall sales in 2008. The company's plastic injection mould business grows rapidly in both sales and profit and it plans to increase year production capacity to 3,015 units in 2009. The company's metal ...
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Yue Yuen spins off retail unit to raise US$600mn
(Apr 02, 2008) The retailing business spin-off from Yue Yuen Industrial (Holdings) Ltd, Pou Sheng International, plans to grasp the Olympics concept and strives for a listing as soon as possible. Pou Sheng International is working at a listing hearing this week or next week for the fastest. Sources say once Pou Sheng ...
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Li & Fung still sees increased U.S.orders
(Apr 02, 2008) Li & Fung Limited managing director William Fung says despite the U.S. sub-prime crisis has influence, the company still sees growth in exporting orders to the US in the first half of 2008. Li & Fung is eager to develop and expand the U.S. market. Fung discloses that although some ...
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China PMI for March rose to 54.4, says CLSA
(Apr 02, 2008) French bank CLSA Asia-Pacific Markets releases its CLSA Purchasing Managers' Index (PMI) for China which rose to 54.4 in March 2008 from 52.8 in February, the highest level since October 2007. The impact of poor weather around the Chinese lunar new year has faded away, says CLSA's head of economic ...
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Dongguan builds first creative industrial park
(Apr 01, 2008) The Dongguan Economic and Trade Bureau has given approvals to the setting up of a Dongguan Creative Industry Centre Park in the Lianfeng Industrial Zone in Guancheng District of Dongguan city, it will be the first creative industrial park in the municipality. The park has an area of 90,000 square ...
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Russia has big appetite for consumer products
(Apr 01, 2008) In 2007, Hong Kong exported near HK$ 7 billion goods to Russia, which accounts for less than 1% of her total exporting value. But as year-on-year growth of export value from Hong Kong to Russia increased 55%, Russia has become an important emerging market for Hong Kong. Hong Kong Trade ...
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Guangdong enterprises keen on developing Shanghai market
(Apr 01, 2008) Enterprises from Guangdong Province showed increasing interest in expanding in Shanghai. The Nanxiang High-Tech Zone located at Shanghai's Jiading District and the Guangdong Chamber of Commerce in Shanghai signed a strategic cooperation agreement in September 2007 to build a Nanxiang Guangdong Business Zone in the High-Tech Zone and many Guangdong ...
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Fujian's Sanming builds itself into a transportation hub
(Apr 01, 2008) The city of Sanming in Fujian Province will make itself a transportation hub of high-speed railway, highway, aviation and marine traffics to spearhead cross-Strait cooperation. Sanming Mayor Liu Daoqi says the city could be a comprehensive transportation hub, with supports from the Ministry of Railways and the Ministry of Communications. ...
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Lin Yifu: SMEs should upgrade rather than relocate
(Apr 01, 2008) Lin Yifu, Senior Vice President and Chief Economist of the World Bank, believes small and medium enterprises (SMEs) in Hong Kong should turn to industrial upgrades instead of outward relocation in face of production cost hikes. Lin thinks industrial upgrade like lifting technology levels and improving management will be better ...
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Shenzhen CATIC finishes Shanghai TFT-LCD plant in advance
(Apr 01, 2008) Shenzhen CATIC Group, a Shenzhen-based company specializing in High-Tech industrial manufacturing, property and hotels, retail, import and export, has finished constructing its 4.5-generation TFT-LCD (Thin Film Transistor-Liquid Crystal Display) plant in Shanghai ahead of schedule. The plant will develop small and medium LCD screen and module production lines. Shanghai Tianma ...
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