China News Direct

 
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Shipbuilders list to build reputation
(Feb 14, 2008) The competitive capability of Chinese shipyards has become stronger in recent years. Firms earning bills totaled US$100 million increased from 6 to 9 last year. According to the estimated figures given by the Science and Engineering Committee of the National Defense, the volume of national ship-building exceeded 18,000,000 tonnes of ...
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China AMC rolls out low-cost bond fund
(Feb 14, 2008) China Asset Management Company Limited (China AMC) starts accepting subscription for a new bond fund in the whole country from February 14, 2008. Investors can subscribe for the new bond fund, namely China Hope Bond Fund, through banks, securities dealers and China AMC. The fund, China Hope Bond Fund, will ...
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Great Eagle shifts focus to hotel business
(Feb 14, 2008) Great Eagle Holding Limited, a Hong Kong-based company operating in property development and investment, will focus on developing hotel businesses in the coming future. Adrian Lee, Assistant Director of Great Eagle, reveals that Great Eagle currently owns hotel management contracts in China. However, the company has not allocated capital to ...
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Capital inflow slowing down in China
(Feb 13, 2008) Merrill Lynch has just released a report highlighting that a faster appreciation of yuan means China is exporting inflation, which will lead to a drop in China's reserves. The yuan recorded an annualized appreciation of 13% since August 2007, the fastest since 1949. The rapid growth of yuan leads to ...
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Liaoning redevelops shanty towns, benefits 400,000 residents
(Feb 13, 2008) The housing environment of low-income family in Liaoning province has notably improved in recent years. From 2005 to 2007, the province spent RMB30 billion to redevelop 15.114 million square metres of shanty towns and about 1.5 million people directly benefit from the redevelopment. Besides, Liaoning province rebuilt 23.915 million square ...
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More people become financial consultants
(Feb 13, 2008) In times when the interest rates are negative, interests are low and inflation eats the tiny interests earned from deposits. Insurance and wealth management have become people's favourite careers and many people have changed their jobs to become finance consultants. The insurance industry experienced a boom last year. Fluctuations in ...
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Shandong to boost employment rate in 2008
(Feb 13, 2008) Shandong Provincial Labour and Social Security Department reveals that more than 1 million people will be newly employed in Shandong in 2008. Over 350,000 unemployed people are expected to be employed again in 2008. The unemployment rate in urban area of Shandong province will be controlled within 4%. In 2008, ...
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Xinjiang to cooperate more with HK in tourism sector
(Feb 13, 2008) Xinjiang and Hong Kong will continue to cooperate in the tourism sector to develop the central and western Asian market in the coming future. In recent years, the tourism industry Xinjiang and Hong Kong have continuous cooperation. Hong Kong's M. K. Corporation Limited plans to invest RMB20 million in Turpan ...
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Shenyang gives out RMB200mn to support entrepreneurs
(Feb 13, 2008) To encourage entrepreneurs to start business, Shenyang Municipal will provide RMB200 million business funds and RMB100 million small loan guarantee funds for unemployed labour, university graduates and peasants. The Shenyang Municipal government also considers cooperating with the pledging industry to help small enterprises. Small enterprises can pledge their assets to ...
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New World Centre double-digit growths over lunar new year
(Feb 13, 2008) Due to the strong local consumption market and more mainland Chinese tourists in the territories, New World Centre in Tsim Sha Tsui East recorded double-digit growths in sales value and visitors. New World Centre had seen a 10-20% growth in visitor flow and sales value over the lunar new year. ...
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