China News Direct

 
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2009 East Asian Games invites merchandise franchise tender
(Jul 04, 2007) The 2009 Hong Kong East Asian Games will invite tender for its merchandise franchise in mid to late July 2007. The 2009 East Asian Games will be held in Hong Kong, attracting over 3,500 athletes, 300 journalists and 200,000 spectators. Tender for the Games' merchandise franchise will begin in mid ...
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China Agri takes time to evaluate acquisitions
(Jul 04, 2007) China Agri Industries Holdings Ltd. has gained preferential rights and selective rights concerning the purchase of assets from its mother company. The assets include 20.74% equity interest of Anhui Fengyuan Pharmaceutical Company Ltd and 14.35% equity interest of Xinjiang Tayuan Safflower Co., Ltd. Yet China Agri decided not to exercise ...
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Xiamen Cigarette Factory continues growth on technology
(Jul 03, 2007) With a total asset of RMB3.303 billion, Xiamen Cigarette Factory in Fujian has a modern production site, which can enhance the overall level of the corporation. In 2003, the corporation moved to its new production site in Haicang Industrial zone in Xiamen. With an investment of RMB850 million and a ...
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Overseas expansion and economies of scale bring competitiveness
(Jul 03, 2007) A list showing the competitiveness among Chinese companies under globalization is announced. Among the twenty-two corporations on the list, most of them have fast-growing overseas business and economies of scale. Although the main source of income of these companies is from local China, companies with strong competitiveness under globalization have ...
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Dongguan to focus development on eight industrial parks
(Jul 03, 2007) The Economic and Trade Commission of Guangdong Province recently confirms that Dalang Haifeng industry transfer park will be one of the subsidiary industry transfer parks in Guangdong Province. The addition of a new park gives Dongguan a total of eight industry transfer parks. According to the Dongguan Government, it will ...
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China MediTech new drug expecting revenue in 2008
(Jul 03, 2007) A new drug developed by Hutchison China MediTech Limited is expected to boost the company's revenue by 2008. The new drug is expected to enhance the company's value by US$85 million. The London Alternative Investment Market-listed Hutchison China MediTech Limited, owned 70% by Hutchison Whampoa Limited, announced positive results for ...
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PBOC: GDP to reach 10.8% in 2007
(Jul 03, 2007) The People's Bank of China (PBOC) has released a latest economic forecast, putting China's GDP growth at 10.8% in 2007. The report specifically points out that China will continue to post an upward trend in economic development. The chance for a downward adjustment is not great. In addition, consumption, exports ...
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Foreign direct investment in Vietnam showed 50% rise in 2006
(Jul 01, 2007) In 2006, the total foreign direct investment attracted to Vietnam reached its peak to US$1 billion. Compared with that of 2005, the value of direct investment has increased by 49%. Foreign direct investment has attained its highest level in 2006 to US$1 billion. Among the numerous cities in Vietnam, Ho ...
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New gene technology gives hope to biofuel development
(Jun 30, 2007) The latest edition of Science Magazine reveals that scientists propose employing gene transfer technology to cultivate bacteria with different functions. The technology may be applied to synthesize biofuels or agents for removal of toxic materials. The finding is a scientific breakthrough yet the rationale behind is still unclear. In addition, ...
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CEPA opens wider doors for Hong Kong companies
(Jun 30, 2007) According to the 4th supplementary agreement of CEPA, recreational, medical & dental, elderly services and environmental industries in Hong Kong can enlarge their business scope to a great extent in China. With effect of the agreement, businessmen from Hong Kong can set up wholly owned performing institutes in China. As ...
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