China News Direct

 
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State Council makes reforms to sustain economy
(May 07, 2013) BEIJING - China's State Premier Li Keqiang headed a State Council regular meeting on May 7 to confirm economic reform work to be carried out this year, focusing on nine key areas to improve the market environment. Under Li's leadership, the State Council aims to streamline government approval procedure, delegating ...
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Sichuan offers more investments
(Apr 17, 2013) Chengdu - Finland's Minister for European Affairs and Foreign Trade Alexander Stubb has led a trade delegation to China's Sichuan province for a visit, paving ways for direct flights between the two countries and closer business cooperation. On Stubb's delegation to Sichuan are Finnish Ambassadors to China Lars Backstrom, Finpro ...
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Stabilizing economic growth weighs heavier
(Apr 15, 2013) BEIJING - Just ahead of the release of GDP figures for the first quarter of the year, Chinese Premier Li Keqiang, in a meeting held with corporate leaders on April 14, reiterated the priority of keeping the economy stable. Li expressed concerns about complexities and uncertainties in the current economy ...
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Shenzhen subsidizes investments in Qianhai
(Mar 28, 2013) SHENZHEN - Companies registered or invested in Qianhai Shenzhen Hong Kong Cooperation Zone (Qianhai) in the form of equity investment are eligible for a maximum fiscal subsidy of RMB50 million by the Chinese government. Shenzhen Fiscal Commission and Shenzhen Qianhai Management Board jointly issued a special funding administrative measure on ...
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Fujian-Taiwan trade for thought
(Mar 26, 2013) XIAMEN, Fujian - The city of Xiamen in Fujian province will institute six major measures to speed up trade with Taiwan, and other Fujian cities have similar plans in reaching out. In January and February, Fujian's trading with Taiwan grew 36.8% to a value of US$2.1 billion, growing faster than ...
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Rising labour cost challenges Changzhou, Jiangsu
(Mar 18, 2013) CHANGZHOU, Jiangsu - Risen labour cost has become the biggest headache for 79% of small and medium-sized companies polled in Changzhou, Jiangsu province, but companies not giving a pay rise will find hiring even harder. The local chapter of National Bureau of Statistic (NBS) did a poll with 369 Changzhou ...
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New trade energy between Chinese provinces and California
(Apr 11, 2013) BEIJING - The Ministry of Commerce (MOC) of China staged the China Provinces and US California Trade and Investment Cooperation Seminar and Signing Ceremony in Beijing on April 10, bringing business cooperation between China and the US closer in a wide range of industries. Jointly organized by the MOC and ...
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Shanghai values high-end services
(Mar 15, 2013) SHANGHAI - Shanghai will need to find growth in high-end services and production services if it is to brew 10% more of GDP from the tertiary industry. In 2012, Shanghai produced 60% of GDP growth from the tertiary industry, meaning for every RMB10 of GDP the city generated, RMB6 came ...
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Eastern provinces look at trade realistically
(Mar 05, 2013) SHANGHAI - Eastern provinces and cities in China such as Shanghai have tuned down external trade prospect to a single-digit growth for 2013, the first time dominant trading provinces have done so since China's entry to the WTO. The growth in external trade is spiraling down in Shanghai which is ...
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97% of Chinese companies want EU exposure
(Feb 07, 2013) BEIJING - Hardship will not deter Chinese companies from investing and doing business offshore and 82% of Chinese companies surveyed said they would increase investments in Europe. In January, European Union Chamber of Commerce (EUCC) in China released a report on Chinese investments in Europe, saying despite high costs and ...
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