China News Direct

 
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Beijing sends new help to water infrastructure investment
(Mar 29, 2015) BEIJING - State Council wants 90% of central budgeted funding to be dispatched to local water and irrigation projects by this June, which signals how important water infrastructure is in underpinning socio-economic development. The State Council has planned 172 major water and irrigation projects of which 57 has started ...
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New rule excites gold trade, breaks monopoly
(Apr 30, 2015) BEIJING - Banks may no longer be the chief gold traders after the People's Bank of China (PBOC) and China Customs have allowed more groups to import and export gold. The gold industry in China will never be the same again when the door leading to competition is opened. Effective 1 April, qualified legal persons, being a regular or consolidated member of ...
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Public-private partnership poised to grow
(May 26, 2015) ANQING, Anhui - Beijing Urban Construction Group Co. Ltd. has signed a RMB2-billion contract to build and operate Anqing Outer-ring North Road in the city of Anqing, Anhui province, the first public-private partnership (PPP) project in Anhui's public transport. To be completed in two years, Anqing Outer-ring North Road is the province's first PPP transport ...
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China waves to transatlantic infrastructure cooperation
(Jun 04, 2015) MACAU - China may draw international economic cooperation like magnets, fueled by infrastructure construction which sprawls along the coastlines of Asia and even the Bahamas in Latin America. A thousand representatives arrived at Macau which hosted the 6th International Infrastructure Investment and Construction Summit on 4 ...
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Competing along railway tracks
(Jun 12, 2015) SHANGHAI - Four sets of high-speed railways left Shanghai and arrived at Nanning, Guangxi Autonomous Region in just 11 hours and 30 minutes, playing as a prelude to competition and alliance along railways. Made debut last December, the high-speed railways bring Yangtze River cities ever closer to southern coastal seaports in China. They pass big cities such as Nanjing in Jiangsu ...
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Companies sanguine about Silk Road economic future
(Jun 18, 2015) KUNMING, Yunnan - China's vision of creating a regional economy dubbed the Silk Road Economic Belt was something in the pipeline until recently when more companies get up and get going. Many companies perceive a trend of reshuffling when activities related to the Silk Road Economic Belt are stirred. They begin to prepare for the next ...
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Vision behind the invisible hand
(Aug 17, 2015) BEIJING - Conditions are ripe for China to institute a market-driven Renminbi (RMB) exchange rate mechanism, according to the People's Bank of China (PBOC) which announced on 11 August to let market makers set the benchmark rate of the RMB based on previous day's close rate, moving closer to let the RMB mirror market situations. The market seems to wake up to the fact that the RMB ...
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Fubon and Xiamen Bank to fill up cross-Strait lending
(Aug 31, 2015) QUANZHOU, Fujian - Xiamen Bank (Quanzhou) Branch will provide guarantee for RMB business loans granted by Fubon Bank (Taipei), promulgating cross-Strait lending at lower financing costs. Small business operators and small companies in Quanzhou, Fujian will be able to apply for business loans provided by Fubon Bank (Taipei). Xiamen Bank ...
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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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CPP Technology and Zhongjin Guotai form closer ties
(Jul 28, 2015) BEIJING - CPP Technology Co. Ltd. signed a strategic alliance agreement with Shanghai-based Zhongjin Guotai to share resources, teaming up to sail further in global procurement, internet financials and other international business. CPP Technology and Zhongjin Guotai will jointly engage in more areas of financial and trade services. ...
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