China News Direct

 
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Coal Import Surged in China's Energy Crunch
(Jun 01, 2011) People in the business of trading coal may turn out to be the winners in China's energy crunch that started as early as April this year. Experts forecast that in the second half of 2011, China may need to import over 100 million tons of coal for power generation. Many ...
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China Sells Sugar Reserve To Stabilize Price
(May 31, 2011) China will release the fifth batch of national sugar reserve for bidding today, aiming to increase sugar supply and stabilize sugar price. China has seen three straight years of reduced production of sugar but the demand for sugar is rising, according to China Sugar Association. Even with continuous import of ...
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High Cost, Biggest Hurdle in China's Logistics
(May 31, 2011) The key to solving the crunch in the cargo ground transport industry is to lower the exceptionally high costs and to make the industry known, according to experts who gathered at the 2nd China Cargo Transport Annual Meeting 2011 held in Shanghai on May 26. The Meeting, sponsored by magazine ...
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RMB510Bn RMB Deposit Parked in Hong Kong
(May 31, 2011) It is still early for the Chinese currency of Renminbi to take over Hong Kong dollar although the amount of Renminbi deposit is growing at a monthly rate of 13% in Hong Kong lately. The amount of Renminbi deposit has grown to RMB510 billion in Hong Kong in late April ...
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China Tops the World in Aqua Fishery
(May 30, 2011) China has become the biggest producer and exporter of aqua-cultural and fishery products, exporting to over 170 countries and regions in the world. China exported fishery products of 3.3388 million tons in 2010, showing a year-on-year growth of 12.6%. The export value of fishery products also soared 28% year-on-year to ...
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EU Debt Crisis Pressures Hong Kong Exports
(May 25, 2011) The sluggish economic recovery in Europe will undermine Hong Kong exports in the second half of this year, but to what extent the influence will be is still something unknown. Speaking at a trade risk forum organized by Coface, senior economist of Hong Kong Trade Development Council Leung Hoi-kwok warns ...
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China's Forex Reserve up on Balanced Payment
(May 25, 2011) The first-quarter growth in international balance of payment will keep ballooning China's foreign currency reserve which climbed to a total value of US$3.05 trillion in late March 2011, showing a growth of 24.4% over the same time last year. China's State Administration of Foreign Exchange (SAFE) announces that there are ...
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Shanghai Extends RMB Payment To Investment
(May 20, 2011) Shanghai has cleared over RMB160 billion of trade value since the cross-border Renminbi trade settlement started trial run in 2009, accounting for 13% of China's total, according to information from a Renminbi business promotion meeting held in Shanghai. The Shanghai branch of People's Bank of China (PBOC) is trial-running, on ...
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Huizhou Manufacturers' Trade Strategy To Find New Markets
(May 17, 2011) Even export-rich Guangdong manufacturers will need to expand clientele and this time, they turn to the domestic Chinese and ASEAN markets which are gaining in trade value. In Guangxi's Nanning City, over 200 Huizhou-based Guangdong manufacturers appeared and staged a trade show, displaying hundreds of thousands of products for buyers ...
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Chinese SMEs Alert To Textile Tax Rebate Cut
(May 17, 2011) Textile manufacturers in China are plagued by a rumoured cut in textile export tax rebate from 16% to 11% which further squeezes their profit or even wipes them out of business. The market rumoured yesterday that the government was planning to cut the export tax rebate on textile products in ...
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