China News Direct

 
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Shanxi Outlines RMB600bn Economic Growth Plan
(Nov 22, 2008) A Shanxi government official said that from now till the end of 2010, Shanxi province will investment RMB600 billion to boost domestic demands. The province's traditional industries growth started to slow down in October. In November, Shanxi coke enterprises lifted their output limit from 40-50% to 60-70%. More than 8,000 ...
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HKGCC: Cut Taxes and Fees to Help SMEs
(Nov 22, 2008) Hong Kong General Chamber of Commerce (HKGCC) urges the Hong Kong government to take action as soon as possible and to cut tax in order to leave liquidity for enterprises. In its annual survey with 300 members, HKGCC found that 88.6% of the interviewees expressed deep concern about economic prospects ...
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Sichuan Plans RMB3tn for Post-crisis Investment
(Nov 21, 2008) Sichuan government is planning to achieve total investment of RMB3 trillion by the end of 2010 to deal with the challenges of disaster recovery and world financial crisis. The investment targets will be RMB790 billion for the year 2008 and RMB1.2 trillion for the year 2009. The central government and ...
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Trademark Exhibition Starts in Shanghai
(Nov 21, 2008) A five-day 2008 Shanghai Trademark Exhibition has been kicked off to showcase the city's renowned trademarks. It is said that by the end of 2007, Shanghai effective registered trademarks totaled 122,000 and the famous trademarks amounted to 489. The officially authorized "Chinese well-known trademarks" amounted to 61. From 2003 to ...
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Hunan Cuts Tax and Invests More To Boost Economy
(Nov 21, 2008) Zhang Chunxian, Secretary of Hunan Provincial Committee of the CPC, has recently said that Hunan would make more investment, cut tax and relax the credit to cope with the economic recession. From the year 2008 to 2015, Hunan will facilitate three "trillion yuan" industries, eleven "hundred billion yuan" industries, three ...
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SASAC To Meet Major SOEs on Stimulus Measures
(Nov 21, 2008) Senior officers of State-owned Assets Supervision and Administration Commission(SASAC) will meet and discuss with representatives from 90 centrally-administered state-owned enterprises (SOEs) and provincial level regional officers to gather information, and suggest measures to tackle the financial tsunami between the end of this month and the early December. SASAC held a ...
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RMB160bn Earmarked to Boost Shanghai Economy
(Nov 21, 2008) Han Zheng, Shanghai Mayor, has said that the Shanghai municipal government and district governments will allocate RMB160 billion to promote steady economic development in the next two years. Fifty-two industrial projects were launched in Shanghai Jiading Industrial Park on November 20. The total investment of these projects amount to RMB9.6 ...
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Hainan Maps RMB240bn Stimulus Plan
(Nov 21, 2008) Hainan fixed-asset investment is expected to reach RMB240 billion between 2009 and 2011, according to Hainan government. Under the central Chinese government's newly added RMB100 billion investment plan, Hainan will step up building affordable housing, and promote rural area well-being projects, energy saving and ecological and other social affairs projects. ...
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Job Search Will be Tough Next Year
(Nov 21, 2008) Fresh graduates will face a tougher employment environment in 2009 as corporations offer fewer jobs. Speaking at a news conference, China Human Resources and Social Security Bureau (HRSS) deputy-chief Zhang Xiao-jian said as many as 6.1 million college students will graduate and join the labour market in 2009, up from ...
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Employment Outlook Not Good
(Nov 21, 2008) China human resources watchdog expressed China faced severe situation in employment. Yin Weimin, minister of Human Resources and Social Security (MoHRSS), said the unemployment rate would exceed 4% in 2008 and the figure would continue to rise in 2009. Zhang Xiaojian, vice minister of (MoHRSS) figured out three issues that ...
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