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China's Tops quake-hit area to receive RMB 20 bln fund TopspadlockEmergencyBlanket Plugvalve flytouch apivalve anti-corrosionvalve escortshanghai bridalhair jewelry femmea la mode StarDelta Starter flytouch forgedsteel valves smacable Solarproducts exhibitionsolutions lanyardsoutdoorplayground equipment 外匯買賣Steeldust Collector China's quake-hit area to receive RMB 20 bln fundPublished: 28 Nov 2008 02:33:38 PST
Nov. 28, 2008 (China Knowledge) - The Ministry of Finance of China announced that it had set aside another RMB 20 million for the reconstruction projects in the areas devastated by the earthquake in May this year.
The earmarked funds was allocated to three provinces which suffered most from the earthquake, namely Sichuan, Gansu and Shanxi, with RMB 17 billion, RMB 2 billion and RMB 1 billion worth of subsidies respectively.
So far, the total reconstruction funds allocated for the quake-hit areas from the central government's budget this year amounted to RMB 63.35 billion, said the Ministry of Finance. Copyright © 2008 www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News 乳化机深圳写字楼装修深圳装修公司工作流キャバクラ求人 テレクラ現金化比較 深圳搬家公司
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Sichuan WEIDMULLER Auto says no plan to buy GM's Hummer unit WEIDMULLERdigitalmicroscope camera brautkleider2011 autobossV30 pvcshopping bag generatorset securityprinting iphoneconverter pipefittings BallValve Factory flutelaminating machine wholesaletattoo Blousonzippé samplewedding dresses jupeslongues jupeen cuir Pantalonchic mtsconverter tvreceiver powerinverter Sichuan Auto says no plan to buy GM's Hummer unitPublished: 18 Feb 2009 17:41:37 PST
Feb. 18, 2009 (China Knowledge) - Sichuan Auto Industry Group Co, a small carmaker in southwest China, said the company has no plan to buy General Motor (GM)'s Hummer unit, the Reuters reported yesterday, citing a senior executive from the company as saying.
Earlier media reports said that Sichuan Auto is in talks with GM about the possible acquisition of its sport-utility vehicle unit Hummer for US$500 million. People familiar with the matter also said the company may obtain financial aid from state-owned banks.
In response, the company executive said Sichuan Auto never held talks with GM, or had interests in buying its Hummer unit, denying the rumor.
GM, whose car sales tumbled 60% in January, is bidding for the U.S. government's US$13.4 billion capital injection. The automaker has been seeking buyers for its Hummer SUV line, the Swedish brand Saab and a truck business in Michigan.
Set up in 1994, Sichuan Auto is based in Chengdu, the capital city of southwest Sichuan Province. The company has about RMB 1 billion in assets, with an annual production capacity of 30,000 passenger cars and 5,000 buses, according to the company profile on its website. Copyright © 2009 www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI
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Province celebrity dresses Introduction of China: Hubei celebritydresses petitshauts autobossV30 overwrappingmachines siliconebracelets bellowssealed valve Surgeprotection device Blisterpacking machines Videomicroscope kitchencabinetry TuniquesSurgearrestor Marinewinch mixermechanical seal filmblowing machine brautkleidgebraucht capsulefilling machine moneydetector diabloiii gold Mulesà talon Province Introduction of China: HubeiPublished: 01 Apr 2009 19:50:36 PST
Key Information Introduction Hubei lies in central China, spanning two major river systems - the Yangtze River and its largest tributary, Hanjiang River. The world’s largest hydropower station, the Three Gorges Hydroelectric Power Station, is situated in this province. Hubei derived its name (which means “north of lake”) from its location as it is situated to the north of Dongting Lake. About 10% of the province consists of lakes, lending it the nickname “province of a thousand lakes”. Hubei adjoins Henan to the north, Anhui to the east, Jiangxi to the southeast, Hunan to the south, Chongqing Municipality to the west and Shaanxi to the northwest. The province is a central zone in China as it connects the south with the north and the east with the west. Wuhan is the capital of this province. Hubei is very rich in history. It was once the capital for the Chu Kingdom during the Warring States Period (475-221BC). It also played an important strategic role in the Three Kingdoms Period (AD190-280). As one of the key places where ethnic Chinese originated, about 60.5 million people live in this province today. They include many minority ethnic groups such as the Miao, Tujia, Dong, Hui and Mongolians. Due to its geographic location, it enjoys favorable environmental conditions and diversified natural resources suitable for the plantation of different crops. It is a main production base for grain, cotton and oil crops, and as such, Hubei has long been known as “the land of rice and fish” in China. Together with some cities in Hunan, the Wuhan City ring, covering 100 kilometers around Wuhan, won the State Development and Reform Commission’s approval to become the trial zone for the state’s construction of a resource conservation and environmentally friendly society on Dec 14, 2007. The circuit area, covering nearly one third of the territorial area and more than half of the population in Hubei, will serve as the strategic base for the resurgence of the central region in China, which indicates the central government’s determination to boost the development of this area.Economic Overview Hubei witnessed rapid economic development since the opening up of the Yangtze Economic Belt and the construction of the Three Gorges Dam project. The soaring investment, consumption and exports have pushed the regional economy to grow at an average growth rate of over 10.5% during the 2000 to 2006 period. In 2006, its GDP reached RMB758.1 billion, up 13.2% over the previous year. Figure 11.3.1 shows the GDP breakdown by sectors. Industry and service lead Hubei’s economy, contributing more than 40%. Agriculture also remains a moderately significant contributor to the economy with 15.0% of the GDP.In 2006, Hubei’s total investment in fixed assets rose 24.92% year-on-year to RMB334.4 billion. As a manufacturing hub in central China, Hubei injected RMB89.6 billion into its manufacturing sector, up 20.3% from 2005. Other substantial investments in fixed assets were made in the following industries as well: real estate (RMB 69.2 billion), logistics (RMB 44.3 billion) and wholesale and retail (RMB 9.0 billion). Figure 11.3.2 shows the breakdown of fixed assets in 2006 by the respective sectors.Agriculture Hubei’s Jianghan Plain is one of the main agriculture and aquaculture production bases in China. Grain, cotton and oil-bearing crops, in particular, flourish in this area. Hubei produced about 22.1 million tons of grains and 449,000 tons o乳化机搅拌机上海注册公司通风柜terarmt ビジネスローン競馬新聞报警器
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China ap surge protective device points new vice governor of PBOC surgeprotective device forgedsteel valves toymanufacturer polarizedsunglasses solarinverter steelwire rope stainlessfastener cheapevening dresses Shenzhenescort extrusiondie chinanonwoven cheapphone wettissue packing machine Kitchencabinets ipadaccessories jupeplissée pneumaticcylinders MutagenesisWaterproofbag Surgearrestor China appoints new vice governor of PBOCPublished: 23 Nov 2009 17:06:06 PST
More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market
Nov. 24, 2009 (China Knowledge) - China's State Council on Monday appointed Zhu Min as vice governor of the People's Bank of China, the central bank.
Zhu, a former economist with the World Bank, resigned from the post of Bank of China's vice president last month, and is expected to take a senior position at the International Monetary Fund soon.
Zhu, aged 56, started working for BOC as early as 1996 and had been an Executive Vice President of BOC since August 2006. From April 1998 to April 2003, he served as the general manager of the Institution of International Finance and headed the restructuring of the BOC Hong Kong Group. Zhu served as chief of the BOC Hong Kong Restructuring and Listing Office for the bank's Hong Kong IPO, and then the general manager of BOC Restructuring and Listing Office for BOC IPO.
Zhu graduated from Fudan University with Bachelor's degree in 1982. He received Master's degree from Princeton University and PhD degree from Johns Hopkins University.
On Monday, the State Council also appointed Huang Shouhong deputy director of the State Council Research Office. Copyright © 2009 www.chinaknowledge.comsofalegs 深圳搬家公司齿轮箱深圳装修公司カード現金化 現金化比較 搅拌器办公室装修
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Chinese laundry bag stocks up 0.64% at mid-day laundrybag massagein shanghai dropshipping wholesaleralph lauren swingcheck valve sweatà capuche zipper cheapfootball jerseys Popup exhibition stands Fueldispenser Leggingsléopard Riftgold mechanicalseal pullscachemire ACContactor pascher vetement AcheterKamas swingset mouldedcase circuit breaker leggingen jean pulllong Chinese stocks up 0.64% at mid-dayPublished: 01 Jun 2009 20:13:21 PST
Top 5 News From ChinaKnowledge.comBDA attracts RMB 15.68 bln in investmentUBS raises shareholding in Beijing Capital Land to 6.11%Hang Seng Index opens 28 points higher on TueHuawei Technologies wins 3G network contract from Viettel MobileSMG rechristens lifestyle subsidiary as EnjoyoungJun. 2, 2009 (China Knowledge) - Chinese stocks ended slightly higher in the morning trading session on Tuesday.The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged up 0.64% or 17.54 points to close at 2,738.82 points in the morning session.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange increased 0.92% or 96.28 points to stand at 10,517.62 points.Property stocks ended higher in the morning trading session. Gemdale Corp, one of the largest property developers in China, swelled 6.83% to close at RMB 14.08. China Vanke Co Ltd, the country's largest publicly traded residential property developer, rose 2.26% to RMB 10.39. The agriculture sector performed well in the morning trading session. Xinjiang Guannong Fruit & Antler Co Ltd jumped 9.99% to RMB 26.09. Qinghai Salt Lake Potash Co Ltd jumped 9.65% to close at RMB 55.00. COFCO Xinjiang Tunhe Co Ltd swelled 8.61% to RMB 12.61.The new energy sector also performed well. Shenzhen-listed Sunvim Group Co Ltd grew 5.29% to close at RMB 11.15. Shenergy Co Ltd rose 3.10% to RMB 9.99. CSG Holding increased 0.99% to RMB 18.30.Coal stocks were weak in the morning trading session. Datong Coal Industry Co Ltd, the country's second-largest coal producer by capacity, edged down 0.16% to RMB 36.71. Shanxi Coking Co Ltd, the biggest publicly traded coke producer in China, decreased 0.78% to close at RMB 7.60.Copyright © 2009 www.chinaknowledge.comminiaturebearings Waterproofsocks lithiumpolymer furniturelegs クレジットカード現金化 比較 カード現金化 深圳装修工作流
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China's oxygen sensor e-commerce trade volume up 20% in 2008 oxygensensor stainlesspipe oxygensensor brautkleiderberlin Bottesà talon stabilizerHomefurniture Sharedservice center exhibitiondesign Mulesà talon beta-sitosterolShekoulawyer ledlights massagein shanghai forgedvalves igbtmodule waterpark equipment apiball valve CheapDog clothes tvreceiver China's e-commerce trade volume up 20% in 2008Published: 06 Jan 2009 12:44:59 PST
Jan. 7, 2009 (China Knowledge) - China's total trade volume of e-commerce hit RMB 1.95 trillion last year, up 20% compared with RMB 1.61 trillion a year earlier, despite the sluggish domestic market, according to a research report by the International Data Corporation (IDC).
The number of Chinese people trading on e-business platforms rose to 50 million, and individual consumers contributed 30% to the total trade volume.
It is estimated that China's e-business volume will hit RMB 3.22 trillion next year, with the total number of people using e-business platforms to reach 100 million by 2012.
Taobao.com, China's largest online auction site, saw its trade volume more than doubled year on year to RMB 100 billion in 2008, said the report. Copyright © 2009 www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI
Related TopicsChina News 门禁lipobattery 短信群发厂房装修インプラントクレジットカード現金化 口コミ 混合机搅拌机
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CNPC lik lithium polymer ely to trim investment in projects by 10% in 2009 lithiumpolymer crystalornaments apiball valve schwarzeskleid juicycouture handbags lithiumbatteries WalkieTalkies ChicagoBulls jerseys skfbearing Sharetrading everbuyingreadingglasses Embroiderythread Inflatablecastles Marinewinch discountnba jerseys partycannon leggingen jean solarwater heater Indoorplayground equipment CNPC likely to trim investment in projects by 10% in 2009Published: 23 Dec 2008 01:37:17 PST
Dec. 23, 2008 (China Knowledge) - China National Petroleum Corp (CNPC), parent of the country's largest oil maker PetroChina, announced that it is likely to trim investment in projects by at least 10% in 2009 due to the economic downturn worldwide, sources reported.
CNPC plans to optimize investment with higher returns amid the global financial woes and the economic slowdown, sources said, citing Zhou Jiping, Deputy General Manager with CNPC, as saying.
Last week, CNPC said it had started construction of a 2,477-km gas pipeline stretching from Zhongwei, Ningxia Hui Autonomous Region, to Guangzhou, capital of Guangdong province. The total investment of the project is estimated at RMB 93 billion. Copyright © 2008 www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News 深圳装修lithiumpolymer 除湿机工作流深圳装饰公司クレジットカード現金化lithiumbatteries 实验室家具
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China to laser crystal be next biggest diamond consumer lasercrystal cheapmlb jerseys robeslongues plussize prom dresses distributionboard switch nailuv lamp lunettesoleil weddingdresses with sleeves TemperatureHumidity Chamber aircompressor fillingmachine sacpas cher shanghaimassage Aloevera harmonicbalancer ballerinescompensées backoffice outsourcing pullpas cher Weldingmachine equipment Inflatablecastle China to be next biggest diamond consumerPublished: 31 Jul 2009 01:02:01 PST
By Liu Chang
In the first six months in 2009, diamond sales reached $300 million, putting China along with the US and Japan to become the three biggest diamond consuming countries.
The global economic crisis has resulted in a world-wide slow-down of diamond sales. From January to May, the diamond export and import volumes in the US and Japan have dropped by 49 percent and 24 percent respectively. China is the only country that has witnessed a growth in diamond consumption. Sales of the prized gem have increased 12.7 percent compared with the same period in 2008.
According to Liu Jianhua, an official from the Diamond Department of the Gems and Jewelry Trade Association of China (GAC), the annual diamond consumption in China has exceeded 25 billion yuan, and the figure is growing exponentially. Experts predict the diamond market in China is going to catch up with that of the US, and China is poised to become the next biggest diamond consuming country.
Wang Fei, researcher at the Cheungkei Research Center for Luxury Goods and Services (SITE) in the University of International Business and Economics, said that the rapid growth of diamond market is due to both supply and demand.
Diamonds, once a luxury rarely owned by a Chinese family, has now become a must for Chinese newlyweds. According to Wang, the largest population of diamond buyers is newlywed couples born in the 1970s and 1980s.
They are heavily influenced by western culture, where diamonds are seen as a token for love and loyalty. The second-largest customers are couples born in the 1960s who are financially more capable of affording a diamond than they were 20 years ago. The last group to buy diamonds are those who see the investment value in diamonds, which becomes clear in the economic downturn where currencies are depreciating faster than ever.
Although a rapidly growing market, Liu of GAC points out that the current diamond market is not a mature one, saying diamond consumption in China is still for sensational reasons. A true mature diamond market should be one driven by the diamond’s investment values, Liu said.
Liu also mentioned that there’s no leading brand in the Chinese diamond market which has nationwide recognition. Diamond enterprises are still limited to local markets. Brands such as Boee Jewelry and Diamond Charm, which are originally based in Shenzhen, are popular among the southern provinces in China, while Northern Chinese prefer brands like Caibai Jewelry, which is primarily based in Beijing.
Information about diamonds are not only limited to brands, Wang says. Diamond buyers are also said to be ignorant of the pricing system for diamonds, as well as the basic diamond evaluation standards, such as the 4 C standards (cut, color, carat and clarity). Wang believes the Chinese market is still a low-end market, where the customers have limited purchasing power.
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