China News Direct

 
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JPMorgan: China's May CPI may drop to 7.7%
(Jun 11, 2008) JPMorgan Chase forecasts China's May CPI hike, to be announced on June 12, will drop to 7.7% from 8.4% in April. Gong Fangxiong, chief Greater China economist of JPMorgan Chase, thinks China's overall inflation rate reached its peak level in February. If the CPI falls to 6% or below, Gong ...
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China see 20 mn new births each year
(Jun 11, 2008) Population growth in China has slowed down to less than 1% each year as family concepts changed among Chinese people in the last three decades. According to a Chinese expert, China's population grows at 8 million to 10 million people each year and there are 16 million to 20 million ...
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Double-Crane takes over Shenzhou Pharmaceutical to improve structure
(Jun 10, 2008) China's Beijing Double-Crane Pharmaceutical intends to acquire a 90% stake in Guangdong Shenzhou Pharmaceutical to enhance its competitiveness in the domestic market. Beijing Double-Crane will buy a 43.5% stake from Guangzhou Zhencheng Pharmaceutical Investment for a nominal value of RMB1 and a 46.5% stake from Foshan Nanhai Jinda Precision Casting ...
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Shanghai's service sector absorbs most foreign investment
(Jun 10, 2008) Xinhua News reports during the four months of January to April, Shanghai absorbed a total contractual foreign investment of US$5.269 billion, increasing 21.7% on year. In particular, 71.3% of the amount is for the tertiary (service) industry which grew 57.3%. Shanghai Foreign Investment Commission statistics show the leasing and commercial ...
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China ranked most attractive investment destination
(Jun 06, 2008) China has become the most attractive destination for foreign investments in the eyes of international companies. Ernst & Young surveyed 834 international companies regarding attractive investment destinations. The survey covered infrastructure, tax revenue, labour costs, quality of employees, the potential of economic growth, corporate culture and social environment selection criteria. ...
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China to keep fast economic growth for at least 10-15 years
(Jun 06, 2008) Justin Lin, vice president of The World Bank, recently pointed out that China is likely to maintain a fast economic growth of close to 10% each year for at least 10-15 years, or even 20 years. He lists three reasons for the optimism. Firstly, the Chinese economy is still far ...
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Post earthquake rebuilds will drive GDP growth
(Jun 06, 2008) Ji Min, director of department of macro economic research of the People's Bank of China, forecasts that the direct impact of the Sichuan earthquake on industries will go away in one to two months. Some economists even believe the post-quake rebuilds will push up the economy. Zhang Li-qun, a researcher ...
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Economic fundamentals not shaken by Sichuan earthquake
(Jun 06, 2008) The Sichuan earthquake has created uncertainties for China's economy but analysts think the earthquake will not alter the government's monetary policy. Chinese government officials pointed out that though a loss of RMB500 billion, accounting for 3% of China's GDP, was expected from the earthquake, the loss would not harm the ...
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Zhejiang launches 1,000 projects, targets US$1.7bn foreign investment
(Jun 06, 2008) At the 8th Zhejiang Investment & Trade Symposium, 10 cities in the Zhejiang province launched a combined 1,000 business investment projects. The total of agreed foreign investments signed during the event exceeded US$1.7 billion. About 15 professional organizations from 11 countries have confirmed participation in the exhibition. These organizations will ...
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CCB International has HK$6bn for fund investment
(Jun 06, 2008) CCB International (Holdings) Ltd, a subsidiary of China Construction Bank Corporation, plans to put greater effort into developing securities and financial business in the future. The company has HK$3-6 billion to invest in its private equity fund and sector fund purchases. The company's managing director, Liu Bin said the company ...
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