China News Direct

 
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China Caps Energy Coal to Control Inflation
(Dec 16, 2011) The National Development and Reform Commission (NDRC) issued a note yesterday to put a cap on the price of energy coal, trying to keep fuel costs under control in 2012. A sharp rise in the price of energy, especially electricity, will have a big impact on society, says NDRC in ...
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Farmers Need Safety Net in China' CPI Swing
(Dec 13, 2011) Prices of consumer goods may climb slightly in China this December and January 2012 due to seasonal factors and the holidays, requiring local governments nationwide to take detailed accounts of price movements of products and to step up the work to dispatch subsidies to low-income groups. China's national CPI ended ...
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Beijing Sources Winter Vegetables from Eight Provinces
(Dec 12, 2011) Local governments in eight provinces and regions from Shandong province in the northeast to Hainan Island in the south will stage a joint action to ensure adequate supply of fresh vegetables to the markets in Beijing during this winter. From December to March 15, 2012, the eight local governments of ...
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China Import Down in Weakened Economy
(Dec 12, 2011) A weakened global economy has dragged both of China's export and import which declined in November. In November 2011, China did import and export trade of US$334.4 billion, growing at 17.6% year-on-year, of which export increased by 13.8% year-on-year to US$174.46 billion and import increased by 22.1% to US$159.94 billion. ...
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Iron and Steel Industry 12th Five-year Plan Announced
(Dec 09, 2011) The Chinese government forecasts the iron and steel industry to demand 1.13 billion tons of iron ore and 380 million tons of coke during the next five years when the scale of the iron and steel industry continues to be enlarged. The Ministry of Industries and Information Technology (MIIT) has ...
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Standard Chartered Invests US$30mn in Ecoplast
(Dec 07, 2011) Standard Chartered Bank will directly invest US$30 million in Huali Environmental Technology Co. Ltd. (Ecoplast) in Wuhan, Hubei province, helping it to expand production capacity and lift its competitiveness in the world. Ecoplast Technology is the second biggest starch-based bio-plastic manufacturer in the world, which has impressed Standard Chartered Bank ...
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Bleak Steel Profits Ahead for China
(Dec 05, 2011) An oversupply of iron and steel has pushed more iron and steel companies in China to the verge of loss and looking toward 2012, the tension between market demand and supply will put great pressure on steelmakers. Major steel companies in China made a historic weak profit this October when ...
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Another Record Year in China's Grain Production
(Dec 05, 2011) China is estimated to produce 4.5% more grain this year, a record-breaking year thanks to matching weather conditions, improved farming technologies and the local governments' collective efforts in agricultural planning. The National Bureau of Statistics of China (NBS) has announced the preliminary grain output for the year 2011, expecting to ...
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China To Recycle 5% More Minerals By 2015
(Dec 02, 2011) The Ministry of Land and Resources (MLR) of China has issued a mineral resource conservation and consolidated usage plan for the 12th Five-year Plan period, requesting the collection and recycling of 5% more resources at the end of 2015 over 2010. The MLR will spend three years checking and evaluating ...
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China To Trade Carbon Despite Global Economic Weakness
(Dec 02, 2011) Guangdong province will set a good example for the rest of China when it makes debut a carbon trading market in 2013 although how the global economic turbulence sways China's carbon trade is still an unknown. When China is planning to let Guangdong trial run carbon trade in two years ...
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