China News Direct

 
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Specialized Markets Dominate China's Light Industry
(Jul 14, 2011) There are over 10,000 specialized light industry markets in China, such as the small merchandise city in Yiwu and the textile and fabric city in Shaoxing, Zhejiang, all awaiting industry upgrade and promotion of services in the next few years. Various light industries have sprouted across China, and many of ...
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Guangdong Did US$435Bn External Trade in 1H '11
(Jul 14, 2011) Guangdong Province did a quarter of China's import and export trade in terms of value in the first half of the year. In the first half of 2011, Guangdong did import and export trade of US$435.09 billion, representing a growth of 26% on-year, and accounting for 25.5% of total import ...
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Xinjiang Production Corp. Cotton Harvest All by Machinery
(Jul 11, 2011) Xinjiang Production Corp. aims to modernize its cotton farming industry and fully uses machinery in cotton harvesting during the 12th Five-year Plan (2011-2015). Xinjiang Production Corp. produces one-sixth of China's cotton and since 1995, it has been the biggest single-yield cotton producer, per capita cotton producer, and cotton exporter in ...
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China's Full-year Loan Growth Less Than RMB7.5Tn
(Jul 06, 2011) New loan in China may grow less than the intended target of RMB7.5 trillion for the full year of 2011 given the scale of new loan growth of just about RMB4 trillion in the first half of the year. Fighting inflation and keeping a relatively stable monetary policy will continue ...
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Argentina Puts Anti-dumping Tax on Ningbo's Export
(Jul 05, 2011) Manufacturers and exporters of electronic products in Ningbo, Zhejiang Province will need to pay closer attention to trading rules in Argentina as the South American country has just levied an anti-dumping tax as high as 136.92% on Chinese-made electric fans. The new anti-dumping tax, effective for a period of five ...
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Ningbo Exported US$1.2Bn Clothing in 1H '11
(Jul 05, 2011) Ningbo, Zhejiang Province exported clothing products worth US$1.21 billion in the first half of 2011 despite challenges in the overseas economies. Ningbo is trying to spread the risk of exporting to just a few concentrated markets, and recently it has expanded to the Brazilian market where consumption power is strong ...
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Shanghai Forms Automobile Service Industry Fund
(Jul 05, 2011) China Machinery Industry Federation and the District Government of Jiading City of Shanghai are going to form an automobile industry development fund that supports automobile services. The automobile industry development fund, operated and managed under the name of China Machinery Equity Investment Fund, expects to raise RMB5 billion in its ...
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Shandong's Jinan May Form Public Housing Financing Unit
(Jul 03, 2011) Jinan City, Shandong Province pioneers in guaranteeing the quality of public rental housing for life. Jinan is ready to start building 23,000 public rental housing units by the end of this August and will hold officials and relevant groups accountable for the quality of rental housing for life. The city ...
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Chinese Industrial Enterprises Profit Jumped 28% Jan-May '11
(Jun 27, 2011) Scaled industrial enterprises in China reaped total profits of RMB1.92 trillion from January to May 2011, a jump of 27.9% year-on-year. Private enterprises staged the sharpest growth in profit during the period, reaping profits of RMB497.3 billion, an increase of 45.2% over a year ago. Shareholding industrial enterprises made a ...
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Shantou Becomes Toy Gift City of China
(Jun 27, 2011) ASEAN countries have become Shantou's next big export market of toy following the signing of China-ASEAN free trade pact last year. The making and export of toy have become a big business for Shantou, Guangdong Province which has better production technology and individual brands. Just in Chenghai District, Shantou, toy ...
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