China News Direct

 
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Fujian Becomes Petrochemical Heavyweight
(Nov 12, 2009) Fujian province is now a petrochemical heavyweight, managing production capacity of 10 million tons of refined oil and megatons of petrochemical ethylene. The Refining and Ethylene Integrated Project kick-started commercial operation in November 2009 in Quangang District, Quanzhou City, involving a total investment of RMB38.4 billion, spanning site areas of ...
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China Will Do More To Reduce Coke Coal Overcapacity
(Dec 31, 2009) Reckless construction and overcapacity of the coke and coal chemical industry is likely to continue regarding the current 30 million tons of new capacity of coke and the RMB1 trillion excessive investment on coal chemical in 2009, Li Ningning, Deputy Director of the National Development and Reform Commission (NDRC) revealed. ...
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Nepal and China Open To Wider Cooperation
(Dec 30, 2009) Nepal and China's Tibet Autonomous Region have broad space for bilateral cooperation, Nepal Prime Minister, Nepal revealed at a speech at Tsinghua University in Beijing on 30 December 2009. Nepal indicated China-Nepal had a broad space for cooperation in fields of civil aviation, trade, agriculture, animal husbandry and tourism. Nepal ...
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HSBC Opens Rural Banks in Chongqing and Dalian
(Dec 29, 2009) HSBC opens two more rural banks in mainland China in a bid to expand its rural banking network. The two rural banks are located in southwest China's Chongqing municipality and northeast China's Dalian city, Liaoning province. The branch in Fengdu Village of Chongqing is the first nationally supported village bank ...
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Hunan Taps RMB100bn from Environmental Protection
(Dec 28, 2009) The Hunan Province Government Work Report (2009) revealed the province's ambition to turn environmental protection into an industry worth over RMB100 billion in five years. Hunan's lately established environmental protection industry alliance - the Air Pollution Control and Industrial Technology Innovation Strategy Union -plans to promote air pollution control to ...
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Coal Companies Seal Higher-priced Contracts for 2010
(Dec 28, 2009) Some Chinese coal enterprises have reached agreements with power companies on power coal price for 2010, setting coal price higher than this year's. Industry insiders said the increased sales price of coal showed that the bargaining power of coal companies is rising. The contract price of coal may rise by ...
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China May Cut Tax To Promote Growth
(Dec 28, 2009) The national taxation department of China is said to be running a series of tax reduction policies next year in a bid to safeguard economic growth and industry structural adjustment. The tax reductions include raising the personal income tax threshold, adjusting the tax bracket system to leave ordinary people with ...
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Xinqiang to Invest RMB120bn on 200 Infrastructure Projects
(Dec 28, 2009) Xinqiang will fully strengthen its fundamental facilities and infrastructure in year 2010 through investing in over 200 projects on railway, highway, civil aviation and water conservancy, involving a total investment of RMB120 billion. Water conservancy projects in Xinqiang Autonomous Region include the comprehensive treatment project in the Tahe River Basin ...
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Central Rural Work Conference Explores Development Options
(Dec 28, 2009) The Central Rural Work Conference that sets the tune for next year's agricultural and rural work is said to focus on coordinating the basis of agricultural and rural development policies and measures, and to get ready for running better and wider agricultural and rural work in 2010. Experts indicate China ...
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China To Take Hydropower Seriously
(Dec 27, 2009) China should accelerate developing its abundant hydropower resources in a positive and orderly manner, Deputy Director of the National Energy Advisory Committee and Vice President of the China Academy of Engineering, Du Xiangwan revealed. China Hydropower Engineering Consulting Group's general manager Zhi Yongyan indicated China's water resource development rate is ...
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