China News Direct

 
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China Will Continue To Manage Rare Earth
(Oct 21, 2010) China will continue to manage the exploration, production and export of rare earth in line with the principles of the World Trade Organization (WTO), according to the Ministry of Commerce. China tries to restore order in the rare earth market which has been supplying rare earth at low prices, resulting ...
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Grain Prices Remain High Amid Slumped Output
(Oct 21, 2010) National Development and Reform Commission (NDRC) sees international grain prices remain at high levels in 4Q2010 after surging in 3Q2010. In its latest report, NDRC explains that the market is worried about falling grain production worldwide in view of the dry and hot weather in Russia and major soybean-producing areas ...
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Wenzhou Buys Xinjiang Cotton Up
(Oct 20, 2010) Speculation by investors from Wenzhou City of Zhejiang Province is said to be the factor behind the surge in cotton price in China. Since September, the domestic spot price and futures price of cotton in China have set records, with the future price now lingering around RMB24,000 per ton, up ...
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China's Rate Hike Limited Impact On Commodities
(Oct 20, 2010) Analysts say the out-of-expectation rate hike announced by China's central bank on October 19 would only pose a fleeting impact on the commodity markets. International futures prices of bulk commodities plunged immediately on the news of the rate rise in the evening of October 19. The price of December NYMEX ...
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China To Supply 20% More Natural Gas This Winter
(Oct 19, 2010) Natural gas supply in China during the upcoming winter and spring periods would be 20% more compared to the same period last year, revealed Liu Tienan, vice minister of National Development and Reform Commission (NDRC). Liu attributed the increase to the three oil majors, namely CNPC, Sinopec and CNOOC, which ...
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China Postal Savings Bank Grants RMB100Bn Small Loans
(Oct 19, 2010) China Postal Savings Bank has granted small loans of over RMB100 billion so far in 2010, a milestone for the bank and also for small businesses in China. As of October 16, the bank has granted small business loans of RMB100 billion, an increase of 41% over the same time ...
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China May Import Rare Earth
(Oct 18, 2010) Chao Ning, an official at the Department of Foreign Trade of Ministry of Commerce, said China's rare earth reserves would be consumed in 15-20 years and the country may have to rely on import. From 1996-2009, China's rare earth reserves had dropped 37% to 27 million tons, Chao said. China, ...
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Beijing Helps 40 Agro Firms Go Public
(Oct 16, 2010) Beijing Municipal Commission of Rural Affairs will specifically support 40 agricultural enterprises to go public, revealed Zhu Yuanguang, Deputy Chairman of Beijing Municipal Bureau of Financial Work. Beijing has also announced to give a reward of RMB6 million to each agricultural enterprise which can successfully list on the market. Forty ...
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Sinochem Said To Exit Potash Race
(Oct 16, 2010) Sources say Sinochem Group has dropped its plan to compete with BHP Billiton of Australia for Potash Corp. of Canada. While BHP Billion offers US$390 for a hostile takeover of Potash Corp., Sinochem has been expected to act as a white knight and team up with other investors to compete ...
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China May Link Ecological Tax With Assets
(Oct 15, 2010) China should consider charging an ecological tax during the 12th Five-year Plan period (2011-2015), suggests Xiao Jincheng, deputy head of the Land Resources Development and Regional Economic Research of National Development and Reform Commission (NDRC). Enterprises should pay such a tax according to their asset base and individuals according to ...
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