China News Direct

 
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Hubei Promotes New Investments In Western Africa
(Sep 16, 2010) Hubei Province will hold investment promotions in Ghana and Coted' Ivoire in November, attracting 300 Ghana enterprises. In the past four years, Hubei kept a close economic relationship with African countries. It did export valued at US$750 million with Africa last year, growing 21.6%. The growing western African market provides ...
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China Speeds Investment In ASEAN
(Sep 16, 2010) China is speeding up investment in ASEAN countries after the establishment of China-ASEAN Free Trade Area, according to China-ASEAN Expo Secretariat. In the first half of 2010, China had directly invested US$1.22 billion in ASEAN countries, a year-on-year surge of 125.7%. China-ASEAN trade had reached US$136.49 billion, growing 54.7% year-on-year. ...
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China's Import Of Edible Oil Down 16% In Jan-Aug
(Sep 16, 2010) China imported 530,000 tons of edible oil in August, dropping 14.5% month-on-month or 33% year-on-year. The figures from the General Administration of Customs showed from January to August, total volume of edible oil imported had dropped 16.3% year-on-year to 4.32 million tons. ...
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Russia Expects Less Sugar Output
(Sep 16, 2010) Considering the drought, the sugar producers association in Russia has lowered its forecast on the country's beet sugar production for 2010-2011 from 3.2-3.3 million tons to 3.0-3.1 million tons. According to the industry association, by September 10, the average beet output had increased to 3.23 tons per hectare from 2.16 ...
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Hang Seng Bank: Yuan Free Exchange Takes Time
(Sep 16, 2010) It is still hard for the Chinese yuan to take over the position of the US dollar as the reserve currency in the next decade, according to the latest economic report of Hang Seng Bank. The bank issued its economic report yesterday, saying the popularity of the yuan is definitely ...
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Australia Becomes Third Biggest Trade Partner Of Guangxi
(Sep 15, 2010) Australia has replaced the E.U. as the third largest trading partner of Guangxi Autonomous Region for two consecutive months. In the first eight months of 2010, the trade value between Guangxi and Australia surged 65.8% to US$790 million, in which exports grew 58.6% to US$110 million and imports from Australia ...
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Tianjin Port Has Top Vehicle Trade
(Sep 14, 2010) Tianjin Port put through 400,000 units of vehicles from January to August, a double from the same time last year. The volume of vehicle trade in the first eight months was near the total of last year, confirming Tianjin's position as the largest port for vehicle trade in China. Import ...
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Chongqing Foreign Trade Surged 50% In Jan-Aug
(Sep 14, 2010) Chongqing did foreign trade of US$7.11 billion from January to August, a surge of 50.3% over the same time last year, ranking the sixth in the 12 western provinces and 24th in the entire country. Thanks to the warming global economy, Chongqing's foreign trade picked up smooth so far in ...
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Alibaba: Half Chinese Firms To Tap E-commerce
(Sep 14, 2010) Alibaba encourages more companies to tap e-commerce, a move that promotes economic transformation when China wants growth from domestic consumption. Speaking at the 7th Internet Merchants Conference, Ma Yun, chairman of Alibaba, said more than 50% of enterprises were expected to tap e-commerce over the next ten years and the ...
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China's Down Export To Grow 15%
(Sep 12, 2010) China's unique climate and geographical condition make it best for producing down, and the country is already the biggest down producer and exporter in the world. China shares 70% of the world's down production as it produces about 200,000 tons of down a year. It is also the biggest down ...
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