China News Direct

 
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Industrial profits dipped 4.2% in Jan-Feb '15
(Mar 31, 2015) BEIJING - Industrial profits dropped 4.2% on average in the first two months of the year, and those in state-owned companies and the mining business dropped the most, according to National Bureau of Statistics (NBS) of China. Key industrial companies in China made RMB745 billion in profit in the first two months of 2015, sliding 4.2% over a year ...
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China beefs up fundamental research for the future
(Mar 27, 2015) BEIJING - China will beef up four scopes of fundamental research in order to promote the development of future-looking technologies, a message sent from Xiangshan Science Conferences held in Beijing. Fundamental research is a source of new technologies and a cradle of high-end industries, according to Wan Gang, Minister of Science & ...
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Solar power firms expand out of China
(Apr 02, 2015) BEIJING - China National Building Materials Group Corporation (CNBM) and Sunpin Solar LLC will start installing solar glass panels on rooftops of Walmart's outlets, beginning an alliance to bring more Chinese-made solar glass to rooftops America. CNBM signed the contract with Sunpin Solar LLC this February, marking another milestone in its solar power business in ...
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The search is over: imported goods right at front doors
(May 03, 2015) SHANGHAI - Import tariffs on a group of consumer goods will be lowered by the end of June in a bid to arouse spending desire, a strategy nodded by the State Council in keeping retailers and consumers far and wide happy. Ever since consumption has become a core part of China's economy, where to spend and what to spend are the only ...
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Fujian and Guangdong primed for trade
(May 22, 2015) FUZHOU, Fujian - The provincial governments of Fujian and Guangdong nodded their economic cooperation zone developing plan, which will bring the two coastal provinces ever closer in facing China's grand development dubbed "One Belt One Road" or Silk Road Economic Belt. When Fujian and Guangdong see eye-to-eye, rounds of public-private cooperation projects, business ...
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Manufacturers say robot-for-labour trend irreversible
(Jun 09, 2015) DONGGUAN, Guangdong - A company producing cell phone parts hit the headline this May when its robot-dutied factory started operating, raising the question of whether labour-jammed factories of China will be something of the past one day. Although no one can tell exactly how big the industrial robot market in China will be, the ...
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Shandong a little closer to Korea in free trade
(Jul 10, 2015) WEIHAI, Shandong - Weihai Port Group, National Federation of Fisheries Cooperatives of Korea, and Taesan Group of Korea signed agreements on 2 July to bring more Korean aquamarine products to Weihai, Shandong province, expanding seafood trade, especially e-commerce, to other parts of China. The alliance will bring much Korean seafood to ...
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Measures will keep China growing for years
(Jul 10, 2015) BEIJING - More efforts are still needed to strengthen China's base of economic growth amid complicated factors intertwining the world economy, according to State Premier Li Keqiang who held a meeting with some provincial governors on 9 July. In gearing the economy, Premier Li will continue to back hard measures, solid measures and new measures designed and ...
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Made in Central China: the path from manufacturing to creating
(Jul 20, 2015) XIANGYANG, Hubei - Gemac Engineering Machinery Co. Ltd. based in Xiangyang, Hubei province signed a single sales order of RMB2 billion earlier this year, busy enough for this inland Chinese company creating and selling its own locomotives. Comparing to manufactures in coastal provinces, those in inland provinces ...
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Extra thick aluminum sheets are keys for China
(Jul 07, 2015) CHONGQING - Chinalco Southwest Aluminum (Group) has garnered technology to produce third-generation aluminum alloy sheets which are super thick and extra broad, cutting reliance on imports of such products. Southwest Aluminum (Group) Co. Ltd. has developed the 7050 aluminum alloy pre-stretching sheets which are thicker and a lot broader than other ...
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