China News Direct

 
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CPA Australia: multinationals prefer Shanghai to Hong Kong
(Jan 05, 2008) A poll conducted by Certified Practising Accountant Australia (CPA Australia) shows multinational companies prefer Shanghai to Hong Kong as the location for their Asia Pacific headquarters. 48% of those interviewed expect multinationals not to choose Hong Kong as the priority Asia Pacific headquarters city in the future while 76% of ...
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Sichuan GDP tops RMB1,000 billion in 2007
(Jan 05, 2008) The Sichuan Development and Reform Commission says 2007 estimate GDP value of Sichuan province will exceed RMB1,000 billion, a 14% growth from 2006. Commission director Jie Hong says that the fiscal income of the province will rise 33% to RMB138 billion in 2007 from 2006. ...
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State Information Center: CPI to grow 4.5% in 2008
(Jan 04, 2008) The State Information Center of China anticipates the whole-year growth of the consumer price index (CPI) to resume downward to about 4.5% in 2008. The CPI growth of 2007 will reach 4.7% approximately. Chinese Academy of Social Sciences (CASS) released a blue paper, in the beginning of January 2008, analyzing ...
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CASS: Chinese disposable income grows in 2007
(Jan 04, 2008) The China Academy of Social Sciences (CASS) issued the Social Blue Paper in Beijing on 3rd January 2008 which says the per capita disposable income of the Chinese population in urban areas in 2007 grew by 13% as compared with 2006 and the increment is higher than that of the ...
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Ministry of Commerce studies commercial situation in China
(Jan 04, 2008) China's minister of commerce Chen Deming and 8 other principal officials went through 15 provinces and cities in the country to conduct topic research during the December 19 to 28, 2007 period. The group's research is on problems of commerce work against the background of changing domestic and abroad situations, ...
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Vietnam to bring in US$90bn of foreign funds by 2010
(Jan 04, 2008) Vietnam Economic Times reports that Vietnam plans to bring in US$60 billion of foreign capital by 2010. Most of the capital will be used in industrial and economic development. Vietnam plans to bring in foreign capital of US$90 billion from 2006 to 2010. In 2006 and 2007, it had already ...
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Guangdong launches new measures to help SME
(Jan 03, 2008) The Economic and Trade Commission of Guangdong has launched new measures effective new year's day 2008 to accelerate the development of small to medium enterprises (SME) in the province. Huang Weihong, Vice Director of the People's Congress of Guangdong, says that SMEs have become an important force of economic growth ...
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JP Morgan: Chinese industrial activity to maintain stable growth
(Jan 03, 2008) US investment bank JP Morgan Chase expects industrial activity growth in China to remain stable in early 2008 despite weak global performances. Weak global industrial activity may cast a negative impact on the Chinese export industries, however, strong Chinese domestic demands will balance out the weak demands abroad and Chinese ...
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Shenzhen fiscal income up 65% in 2007
(Jan 02, 2008) With the development of the Hi-Tech industry and the financial industry in Shenzhen, the fiscal income of the city recorded considerable growth in 2007. The comprehensive fiscal income in Shenzhen in 2007 increased by 64.8% to RMB277 billion compared with 2006. The local general budgeted income of Shenzhen in 2007 ...
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China tax income up 31% in 2007
(Jan 02, 2008) China's overall national taxation income reached RMB4,944 billion in 2007, up 31% from 2006, according to the Chinese State Administration of Taxation. Xiao Jie, Director of State Administration of Taxation, reveals that the tax income growth was one of the largest since China's economic reform started in the late 1970s. ...
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