China News Direct

 
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Equipment manufacturers act more like solution providers
(Oct 19, 2015) SHENYANG, Liaoning - To be strong and not just big will probably be the only way for China's machine tool manufacturers which need to follow market requirements to move up. Mazak Machine Tool of Japan formed a subsidiary, Ningxia Little Giant Machine Tool, in Yinchuan, Ningxia Autonomous Region of China. Little Giant Machine Tool is ...
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Fujian invests RMB2 billion in cultural development
(Aug 28, 2015) FUZHOU, Fujian - The Fujian provincial government will form an industry investment fund of RMB2 billion for the cultural industry, pulling part of the RMB500 million from the private sector. The cultural industry development and investment fund will be formed in two phases. There will be RMB800 million of funds in the first phase of ...
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Services and advanced manufacturing applauded
(Oct 30, 2015) BEIJING - The service sector and advanced manufacturing captured the most foreign direct investments (FDI) in China in the first three quarter this year, a scenario applauding China's national efforts of upgrading industries. Chinese companies in the service sector and those in high-tech manufacturing captured the most foreign capitals, ...
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Seven emergency-rescue parks to thrive
(Nov 04, 2015) BEIJING - The Ministry of Industry and Information Technology (MIIT) has named seven industry parks the first batch of model bases to nurture and develop emergency rescue and hazard prevention businesses. China's rise to become a strong manufacturing country, along the game plan of "Made by China 2025", needs compatible industries and services. Prevention of ...
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Chinese map out the economics of traveling
(Dec 07, 2015) SHANGHAI - Middle-class Chinese are beginning to tour the US and Europe regularly just for shopping, retail scenes that will ripple across the continents. As many as 120 million Chinese people (person-times) are expected to travel around the world in 2015, spending about RMB1.1 trillion during their overseas trips, according to China Tourism Research Institute. ...
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Hotels ramp up online services
(Dec 11, 2015) XIAN, Shaanxi - The internet and mobile internet have transformed the tourism industry in China so fast that hotel groups have to work in concert with others, positioning for online-plus-offline operation. Hoteliers have to go upstream in face of new developments. Many hotel groups are beginning to streamline their online hotel reservation, grouping efforts to create their ...
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Chongqing companies look for new businesses with innovation
(Dec 29, 2015) CHONGQING - Plug and Play of the US is making an entry to Chongqing where it will open a mega data center, a move made timely to tap innovation in Chongqing. Plug and Play will be investing as much as RMB800 million in the data center to be built in Chongqing. These facilities are scheduled to be completed next summer. Plug and ...
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Chongqing Medicine brings world medicine to inland China
(Oct 23, 2014) CHONGQING - Nearly 2,000 shops in Chongqing, Sichuan, and Guizhou province in inland China will be participating in online-plus-offline retail sales of medicine, making sure medicine and health products made and sourced overseas are available to local people. Coordinated by Chongqing Foreign Trade and Economic Commission, ...
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Mobile games sales up 400% in 1H '14
(Aug 04, 2014) SHANGHAI - Shanghai has sold 30% of China's internet or online games, made possible by its highly urbanized development. A service-oriented economy and urban development have created a pool of ready consumers in China. People in big cities such as Beijing and Shanghai are more open to sales of internet services or cultural leisure products. Last year, sales of internet ...
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Shanghai gives measures to neo-MNCs
(Aug 06, 2014) SHANGHAI - Foreign companies based in Shanghai functioning as regional headquarters will be able to enjoy similar favourable treatments given to multinational corporations (MNCs). Shanghai Municipal Commission of Commerce, based on the regional headquarters policy issued in 2012, announced a supplemental note in July to let small-scaled foreign companies or "neo-MNCs" ...
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