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China: More textile export rebates soon

Factory floor of a textile manufacturer in Haian, East China's Jiangsu province. Xu Ruiping China is set to raise export tax rebates on textile products to 17 percent after the government unveiled six measures to shore up flagging exports on Wednesday, analysts said. Although the ...

China tries to revive economy despite daunting challenges

Although China doesn't celebrate Christmas, Lou Qijun is one of the many Chinese toy and gift manufacturers who anticipates a visit from Santa Claus every year in the form of seasonal orders from the Europe and North America. Not so this year, says Lou, chairman of Yiwu Qiling ...

More support likely for China exports by year-end, analysts say

Analysts here expect the government will announce new policies to support the ailing export sector, with the top decision-makers to meet soon to outline next year's economic plan. Zhao Yumin, a researcher with the Ministry of Commerce, told Xinhua on Saturday that a major trade ...

China: Discounts cheer shoppers

The financial tsunami that has swept the world has made prudent shoppers tighten their wallets, leaving retailers struggling. Of course, discounts are one of the most alluring ways to attract customers. Since November, major shopping venues in Beijing including China Central Mall...

China: Survey: Quality service a priority for customers

Source: AlixPartners. Graphics by Li Yi What is the key element that leads Chinese consumers to buy a product: service, experience, access, price, or the product itself? A recent survey of Chinese consumers shows that service matters almost as much as the product to Chinese ...

World is not enough for a true beauty

Miss World managed what nobody else could at the Beijing Olympics ... she made Usain Bolt feel second best. Zhang Zilin has told how she befriended the record-breaking Jamaican star of Beijing 2008. During one meeting, the giant 1.96m-tall Bolt confessed to feeling "well beaten" ...

Financial tsunami teaches us not to put all our eggs in one basket

HONG KONG, Dec. 5 (Xinhua) -- "The Financial tsunami teaches us not to put all our eggs in one basket," Hong Kong Trade Development Council (TDC) Executive Director Fred Lam said in a recent exclusive interview with Xinhua. Lam said the financial tsunami exposed the over-reliance ...

SPEECH OF THE ECONOMIC AND COMMERCIAL COUNSELLOR

Friday,December 05,2008 Posted: 00:20 BJT(1620 GMT) COMMERCIAL COUNSELLOR On the 3rd of December 2008, the Economic and Commercial Counsellor Mr. Wu Mingxin hosted the New Year Reception for Dutch business community. Here follows the speech given by Mr. Wu at the reception. ...

China's SW province to upgrade cooperation with Vietnam

BEIJING, Dec. 2-- An official from China's southwest Guangxi Zhuang Autonomous Region pledged on Tuesday to upgrade cooperation between the region and neighboring Vietnam by building an economic zone in the next five years. Chairman Ma Biao, said at a press conference, his ...

Overseas-backed businesses in Shanghai see slowdown in foreign trade growth

SHANGHAI, Dec. 2 -- Overseas-invested businesses operating in Shanghai have been faring slightly worse in terms of foreign trade growth compared to the city's average foreign trade growth this year. When contacted by Xinhua Tuesday, a spokesman from the Shanghai Municipal ...

Shanghai welcomes more int'l companies to set up regional headquarters

The Shanghai municipal government is looking to attract more international companies to set up regional headquarters in the city, an official said on Thursday. New policies, involving governmental subsidies, capital management, and minimum registered capital, will be announced ...

China: Peak season is off peak

Last month, the normally bustling Hongcheng Market in Nanchang, Jiangxi Province, was exceptionally quiet, with only a handful of customers seen in front of shops displaying the "sale" sign. There was no trace of the "golden September and silver October" sales phenomenon this ...

Zhongyin Cashmere eyes on struggling UK's cotton mill

Ningxia Zhongyin Cashmere Co Ltd announced in a report that it had inked a framework agreement with UK’s 140-year cotton mill, Dawson International PLC, to acquire its subsidiary Todd & Duncan’s business and assets. News regarding this acquisition was first published on January ...

Economic stimulus package to improve people's livelihood

Unlike measures taken during the Asian financial crisis 11 years ago, more attention is focused on improving people's living standards in the Chinese government's recent 4 trillion yuan (584 billion U.S. dollars) economic stimulus package, experts said. The package, unveiled ...

China opens top economic work meeting with focus on stable growth

Story Highlights: ·China's annual Central Economic Work Conference opened in Beijing Monday. ·Observers believed the event would give priority to efforts to maintain stable growth. ·They reckoned in 2009, China would see more risks for worse economic slowdown. China's annual ...

Santas come to town

Twenty-one Santa Claus flew from the US into Xi'an to distribute gifts among children of an orphanage. They visited the capital of Shaanxi province as part of the Santa Goodwill Mission's global tour.

Chinese shares open higher ahead of key economic conference

Chinese shares opened higher on Monday on prospects of more incentive news as a key economic conference will be opened in the day. The benchmark Shanghai Composite Index rose 1.51 percent, or 30.5 points, to 2,049.16 at the opening. The smaller Shenzhen index was up 1.16 percent, ...

Yuan weakens against dollar for 4th straight trading day after interest cuts

China's currency, the yuan, fell by the daily limit against the U.S. dollar for a second day on Tuesday, its fourth straight daily decline. The yuan finished at 6.8870 per U.S. dollar on the over-the-counter market, having declined 0.5 percent against its central parity rate. The ...

China: Guangdong SMEs to receive 10 Bn yuan aid

In the face of global financial crunch, small and medium-sized enterprises (SMEs) are finding it difficult to maintain their stability. Thus Guangdong province has approved a monetary aid of 10 billion yuan. Guangdong, one of the key manufacturing hub of China, for the past few ...

Sales in Winter Kept Restrained, Price Index Slid Down Sharply

——Brief Analysis on Price Index 20081208 Due to the impact of the global financial crisis, the textile foreign orders kept insufficient. The daily trade volume on each professional market of China Textile City still fluctuated in a narrow range. According to the analysis on the ...
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finance

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industry

sports

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