China News Direct

 
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Zhejiang aquatic cargo transportation doubles
(Jan 04, 2008) 2007 aquatic cargo transportation of Zhejiang province in east China exceeded 500 million tons, doubling the figure of 2006. Fast development of the shipping business in Zhejiang facilitated aquatic cargo transportations and river traffic was at 246 million tons while coastal marine traffic was 249 million tons, and ocean-going transportation ...
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Hang Fung Gold opens more stores in 2008
(Jan 04, 2008) Hang Fung Gold Technology Ltd will sell some gold ornaments in January 2008 for the retail business. The group will sell one-ton gold ornaments, out of six tons totally, for HK$200 million cash. The net profit from the disposal is about HK$100 million. The group will use the sales proceed ...
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CMA optimistic on Hong Kong economy
(Jan 04, 2008) The Chinese Manufacturers' Association of Hong Kong (CMA) is positive about the prospect of the Hong Kong economy despite inflation risks, as the Hong Kong people will both invest and spend more in a low-interest rate environment. But CMA vice-president Lo Foocheung admits that the US sub-prime problem is not ...
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Xinhua Winshare Chainstore gets a stake of Chengdu Bank
(Jan 04, 2008) Sichuan Xinhua Winshare Chainstore Co., Ltd. is going to invest in a mainland Chinese commercial bank in Chengdu, Sichuan. Sichuan Xinhua Winshare Chainstore is going to pay RMB240 million for a 2.46% equity stake in Chengdu City Commercial Bank, subscribing for 1.92 million new shares of the bank. It makes ...
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Vietnam to export over US$10bn of goods to the EU in 2008
(Jan 04, 2008) Vietnam expects to ship over US$10.4 billion of exports to the EU in 2008, up 23.3% from that in 2007. According to Vietnam Economic Times, apart from traditional markets like the UK, France, Germany, Belgium and Holland, Vietnam plans to tap new export markets like Hungary, Poland, and Czech in ...
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HKU: Hong Kong GDP 5.6% in 2008
(Jan 04, 2008) The APEC Study Centre of the University of Hong Kong has just released its latest economic report, putting Hong Kong's real economic growth down at 5.6% for 2008 from 6.1% in 2007. The slow down is mainly led by the global credit crunch and the economic condition in the US. ...
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HK offers a good market for package soup
(Jan 03, 2008) Recently, Hong Kong sees a trend of having package soup that is healthy and tasty. Package soup offering a luxurious taste of fish fin and abalone are available. A package soup company launched package soup 4 years ago. Products are mainly sold at high-end supermarkets and Japanese department stores. At ...
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Shenzhen and Dongguan become new jewelry centers
(Jan 03, 2008) The province of Guangdong's four major gemstone and jade processing and distributing centres of Guangzhou, Pingzhou in Foshan, Sihui township in Zhaoqing and Yangmei township in Jieyang are facing competitions from other cities like Shenzhen and Dongguan. The Shuibei Jewelry Industrial Zone in Shenzhen has been one of the major ...
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Jiangsu's Huaian becomes new Taiwan investment magnet
(Jan 03, 2008) The Huai'an Economic Development Zone in northern Jiangsu province has seen a new congregation of Taiwan investments and brand names. Taiwan's famed Foxconn Technology Company started in 2007 a project in the Zone with a total investment of US$1.8 billion. The first phase of the project, an investment of US$300 ...
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HK's starch-added plastic bags are eco-friendly
(Jan 02, 2008) Eco-friendly plastic bags will become a global trend, said Hong Kong-based EBM Biodegradable Materials Limited in January. The company released a degradable plastic bag which is starch added. Starch from corn, potato and wheat will be synthesized into polylactic acid(PLA) and the PLA bags will become fertilizer after being degraded ...
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