China News Direct

 
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Jiangsu foresees rapid increase in internet financing
(Mar 25, 2014) NANJING, Jiangsu - A frenzy of internet financing has spreaded to Nanjing and Wuxi, Jiangsu province where the city governments opened an internet financial center and created financial joint ventures for foreseeable opportunities. The Internet Financial Center, funded RMB300 million out of an industry development fund, will be a central ...
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China's e-commerce magnetized with financing
(Mar 06, 2014) BEIJING - Alibaba announces to team up with the provincial government of Yunnan to promote sales of agricultural and biotech products, but this is just a fraction of specialist e-commerce websites opened with distribution and financing capacities. Many websites selling bulk commodities, steel, leather, potato and edible mushroom have emerged ...
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Group managing RMB, multinationals see it coming
(Feb 24, 2014) SHANGHAI - Itochu of Japan will group manage remittance of Chinese currency in its offices in China and Hong Kong, increasing the efficiency of fund flows and lowering the cost of capital which many multinational companies and provinces in China hope to garner. Itochu will be working with Industrial and ...
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Singapore arrives early in Shanghai Free Trade Zone
(Feb 21, 2014) SHANGHAI - China (Shanghai) Pilot Free Trade Zone and International Enterprise Singapore (IES) will team up to bring more companies to each other's land, a recognition made between the two in promoting service trade and financial services when China internationalizes her currency of Renminbi. The strategic alliance between Shanghai FTZ ...
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China's retailers earn more in e-trade era
(Feb 21, 2014) BEIJING - The first electronic invoice issued by JD.com in Beijing last June had major retailers nationwide followed suit as, cross-border or not, stimulating e-commerce and getting paid without leaving the country has become Chinese retailers' biggest opportunities. The city of Beijing will expand the trial use of e-invoicing and ...
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Shanghai FTZ changes service trade and logistics
(Jan 23, 2014) SHANGHAI - Companies continue to show their faces on China (Shanghai) Pilot Free Trade Zone (FTZ) which has become an instant gratification in seeking no murky business development. In just a few months, Shanghai FTZ has released at least 23 measures for services, lowering market entry thresholds for financial services, ...
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Shanxi trades coal up to sustainable levels
(Feb 08, 2014) TAIYUAN, Shanxi - The biggest coal spot trading market in China, Taiyuan Coal Transaction Center (TCTC), transacted over RMB100 billion of coal last year via third-party platforms. Despite a slowing economy, Shanxi sold 620 million tons to other provinces and regions, breaking a record. China's coal-rich province of Shanxi produced ...
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China pairs food trade with strength
(Jan 03, 2014) XIAN, Shaanxi - A shipment of 20 tons of Shaanxi-grown Fuji red apples has been sent to Chile for the first time, signaling a new era in which China-grown food whether in world export or in domestic redistribution by companies such as COFCO are rising in strategic significance. Food trades ...
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Probably same fruit but different path for Shanghai
(Jan 02, 2014) SHANGHAI - Gone were the days when fresh fruit in mint condition could be sold easily in large quantities at low prices for consumers in Shanghai today are demanding health-first and brand-obvious fruit as daily food and as gifts. Shanghai is estimated to have supplies of 80,000 tons of fruit ...
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Better business for Jiangsu
(Sep 13, 2013) NANTONG, Jiangsu - Shaw Floors of the US will make its first out-of-states carpet and flooring manufacturing base in Nantong, Jiangsu province, kicking start overseas production that will provide carpets and floor products to millions more customers in Asia. Shaw Industries Group of the US, well-known for its rich carpeting ...
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