China Industry & Market News by Made-in-China.com

Special Fund to Be Set up to Deal with Zombie Companies in China

Dec 31, 2015

It's being reported the Chinese government is setting up a 30-billion-yuan fund to help eliminate industrial overcapacity and reconstruct so-called "zombie companies". The money is going to compensate the employees of the "zombie ...

Tags: Special Fund, Zombie Companies

Intercity Helicopter Flights Open in China's Guangdong

Dec 31, 2015

Guangdong Province has launched regular helicopter trips between cities of Guangzhou, Shenzhen and Zhuhai. The so-called "flying taxi" service will reduce travel time between the three cities to about half an hour from over two hours on ...

Tags: Intercity Helicopter

Asia's Largest Underground Railway Station Opens in Shenzhen

Dec 31, 2015

Asia's largest underground railway station has opened in Shenzhen, launching high-speed rail service between Guangzhou and Hong Kong. The Futian High-speed Railway Station, located in downtown Shenzhen, covers an area equals to the size ...

Tags: Underground Railway Station, Shenzhen

Vanke Says May Issue New Shares

Dec 31, 2015

It's been revealed Chinese property developer Vanke may be poised to try to issue new shares as part of an acquisition. In a filing to the Hong Kong's stock exchange, Vanke says it’s considering acquiring a company in a share and ...

Tags: Vanke, New Shares

China Continues to Suspend Fuel Price Adjustments

Dec 31, 2015

It's being reported that China's top economic regulator is planning to keep fuel price adjustments on hold for the time being. The National Development and Reform Commission is said to be planning to suspend its price adjustments as it ...

Tags: Fuel Price Adjustments

Smartisan Releases T2 Handset in Beijing

Dec 31, 2015

Chinese start-up smartphone maker Smartisan has released its higher-end handset, the T2 smartphone, in Beijing. The T2 features a 4.95 inches screen, and the on-off switch has been replaced with a touch button. Tuesday's launch also ...

Tags: Smartisan

China Extends Overseas Tourists Tax Refund Scheme to Six More Destinations

Dec 31, 2015

China is going to include another six destinations in its tax rebate scheme for overseas visitors, with an aim to boost its inbound tourism and consumption. Foreign tourists visiting Liaoning, Anhui, Fujian, Sichuan, Tianjin and Xiamen ...

Tags: Extends Overseas Tourists, Tax Refund

"Double Eleven" Credit Report Released in Beijing

Dec 31, 2015

An evaluation report on the "Double Eleven" shopping spree has been released in Beijing, offering insights into China's largest annual online shopping event. The report shows cases of dishonesty connected to e-commerce platforms and ...

Tags: Double Eleven, Credit Report

China Refutes U.S. Comments Regarding Market Economy Status

Dec 31, 2015

China refuted recent U.S. comments warning Europe against granting China market economy status on Wednesday, saying China has been living up to its World Trade Organization (WTO) obligations. Chinese Foreign Ministry spokesperson Lu Kang ...

Tags: Market Economy Status

China Merchants Group Acquires Logistics Firm Sinotrans & Csc Holdings

Dec 31, 2015

Logistics firm Sinotrans and CSC Holdings has become a wholly-owned subsidiary of the China Merchants Group. Sinotrans and CSC Holdings is now the biggest integrated logistics service provider with total assets of 100 billion yuan, or 16 ...

Tags: China Merchants Group, Sinotrans&CSC Holdings

China's Free Trade Zone Gets Own Court

Dec 31, 2015

China has opened a court in the Guangdong free trade zone. The court is located in Nansha District and will hear civil and business cases arising locally. The cases to be handled by the court are related to investment, trade, finance, ...

Tags: Free Trade Zone, Court

China Plans New Financial Risk Assessment Framework

Dec 31, 2015

China's central bank has said it is planning to upgrade its financial risk assessment framework which will be launched next year, in a bid to ward off financial risks. The capital adequacy ratio, a measure of an institution's ability to ...

Tags: New Financial Risk

China Has The World's Largest Clean Power Capacity Under Construction

Dec 31, 2015

As the country strives to reduce pollution and seeks to move away from the use of fossil fuels, it's been revealed that China has the world's largest capacity for "new and renewable energy". Nur Bekri is the head of the National Energy ...

Tags: Largest Clean Power Capacity

Li Xiaolin Resigns as Chairman of China Power New Energy Co.

Dec 31, 2015

Li Xiaolin has resigned as the chairman of the board of directors of China Power New Energy Development Company due to her work schedule. She is currently the vice-president of China Datang Corporation, a state-owned power generation ...

Tags: China Power New Energy Co., Li Xiaolin

Fast Food Chain Supplier Stands Trial Over Meat Scandal

Dec 31, 2015

Ten defendants representing the Shanghai and Hebei branches of Husi Food Company, a former supplier to McDonald's, KFC and Pizza Hut, have stood trial on charges of producing and selling shoddy products. The ten people and the two ...

Tags: Fast Food Chain, Meat Scandal