China News Direct

 
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Hang Seng Bank: Chinese Economy to Soft Land
(Sep 05, 2008) Heng Seng Bank has issued a report pointing out that the mainland government wants to guarantee an economic soft landing by elevating the export tax rebate of a certain kind of export goods, and relaxing the bank lending limit, too. The report says that the food price inflation may have ...
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Wang Qishan to Head Foreign M&A Committee
(Sep 05, 2008) Reported by 21st Century Business Herald on September 4th, Vice Premier of the State Council, Wang Qishan, may take charge of the Foreign Mergers and Acquisitions Joint Committee which is about to be set up later this year. The joint committee will includes the National Development and Reform Commission, Ministry ...
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TDC Points New Market to India
(Sep 03, 2008) As one of the BRIC members, there has been rapid growth in India's economy in recent years, attracting a large amount of foreign investment. Vivian Wong, economist at the Hong Kong Trade Development Council (HKTDC), states that the annual economic growth in India has maintained at over 7% from 2004 ...
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Northeast Asia Calls For Regional Cooperations
(Sep 03, 2008) Wang Qishan gave a speech on the closing of the 4th China Jilin Northeast Asia Investment and Trade Expo, hoping to foster closer multilateral cooperation among countries. Wang thought that northeast Asia had mature conditions for regional cooperations. He gave 4 suggestions for the cooperations: extending energy cooperation, promoting the ...
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More Professionals Working 9- to-5 in Guangdong
(Sep 03, 2008) Social, economic and trade convergence between Guangdong and Hong Kong has driven 250,000 Hong Kong people to work in Guangdong. Figures from the Guangdong provincial government show that since the implementation of CEPA, there has been increasing labour flow between the two places as many Hong Kong companies and multinational ...
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Taiwan Gives Less Entry Restriction to China
(Sep 03, 2008) Taiwan Ministry of Economic Affairs (MOEA) has relaxed the restrictions imposed on Taiwanese enterprises setting up businesses in mainland China. It is predicted that at least 600 enterprises will benefit from the change. The MOEA has amended the rules concerning examination and capital investment ceiling of investment projects made by ...
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Economic Stimulus to Keep the Economy Running
(Sep 02, 2008) Giving economic stimulus and relaxing the monetary policy control will keep the Chinese economy on a stable growth path, especially when a steady growth of the Chinese economy is creating great impacts and benefiting neighboring regions and countries like Taiwan, Japan, Korea and Australia. Reported by mainland media, a new ...
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Post-Olympic growth to stay for three reasons
(Sep 01, 2008) Chinese experts and scholars believe that the same post-Olympic economic slowdown will not happen in China this time although data shows that 8 out of the last 11 Olympic host country suffered from an economic slowdown after the game because of the lack of economic growth momentum. There are three ...
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Rising Middle Class Gives India Growth Edge
(Aug 30, 2008) Although the Indian economy is slowing down in 2008, its economic powerhouse may drive faster than that of China in the next two years. Standard Chartered Bank economist Kelvin Lau believes India has a rising group of middle class. With its geographical proximity to the Middle East, it is not ...
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Zhengzhou, Henan Signed RMB80bn Investment Projects
(Aug 29, 2008) Three times more visitors attended the 5th Henan International Investment and Trade Promotional Seminar held in Zhengzhou, giving the seminar another record breaking year. A total of 140 investment contracts was signed at the seminar, concerning RMB79.6 billion of which contracted foreign investment capital reached RMB74.5 billion. Of the 140 ...
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