China News Direct

 
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Local farm machinery to gain bigger share
(Nov 12, 2015) NANNING, Guangxi - Guangxi Autonomous Region, which produces 60% of China's sugar, imported hundred-fold tons of sugar this year after a slide in certain farm aspects. Even a slight change may send ripples across, changing how the market works. Guangxi used to produce enough sugar for its own use and it only imported sugar for back-up. From this January to ...
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Guangxi's sugar companies sign declaration to self control
(Nov 17, 2015) NANNING, Guangxi - Consecutive seasons of loss and a nearly 25% drop in land growing sugar cane have warped the structure of the sugar economy in Guangxi Autonomous Region, possibly leaving China short of 6 million tons of sugar. Sugar cane farmers and the 30 top sugar trading companies in Guangxi Autonomous Region got ...
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China-Korea FTA likely to fuel Shandong's investment
(Dec 02, 2015) QINGDAO, Shandong - China's Free Trade Agreement (FTA) with Korea will draw more capitals to coastal provinces first, fueling investments in cities such as Qingdao in Shandong province. China-Korea FTA will make 90% of goods traded between the two countries duty free. Signed this June, the Free Trade Agreement concerns investment, ...
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Shandong companies go far in overseas investment
(Nov 16, 2015) QINGDAO, Shandong - Shandong companies signed a number of far-reaching collaboration and investment agreements in Australia, New Zealand and the US, moving in to pillar industries. Taihua Food based in Weifang, Shandong plans to import US$30 million worth of beef and mutton from Australia this year. Since first doing so in May, it has ...
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Chinese apples are reaching the US
(Nov 16, 2015) YANTAI, Shandong - Yantai Haiyang Jinchengtai Agricultural Products Development Co. Ltd. shipped 21 tons of fresh apples to the US last week, following Dalian companies' debut in the US this summer. The US government gave the green light to Chinese companies to sell apples to the US in May, after 17 years of talks. A total of 12 companies in China were given the permits ...
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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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Department stores dance around cosmetic sales
(Jul 20, 2015) SHANGHAI - Sales of cosmetics, for women or men, remained robust at department stores in China, and sales of perfume outshone skincare products for the first time. Department stores sold nearly RMB10 billion of cosmetics in China in the first quarter this year, selling about 35.86 million cosmetic items. The sales value jumped 5%, while the number ...
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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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Guangdong comes first in saving export
(Jun 13, 2014) GUANGZHOU, Guangdong - Guangdong has come first in providing measures to bolster external trade after China's export growth fell to a negative realm in the first quarter, dropping 3.4% in value to US$491.31 billion over a year earlier. Among China's three economic engines of investment, consumption and export, export has lagged behind. Investments and personal consumption ...
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Price reform brings back OTC drugs
(Jul 11, 2014) SHANGHAI - Local governments are scrapping the ceiling retail prices of low-priced drugs, the latest medical reform in China to make western drugs and commonly used Chinese herbal medicine affordable and available to Chinese people. Effective 1 July, pharmaceutical companies and retailers in China, not just in Shanghai, will be able to set the retail prices of commonly used ...
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