China News Direct

 
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China CNR Starts Light Rail Project in Chongqing
(Dec 30, 2009) The light rail unit jointly developed and invested by the three companies of China CNR Corporation including the Chongqing Machinery & Electronics Holding Group, Chongqing Urban Development Investment Group and Changchun Railway Vehicles Company held an operation ceremony on 30 December 2009. Li Jingyi, deputy director of the Changchun Railway ...
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Yunnan Reaches out to Indochina and India
(Dec 30, 2009) Yunnan province in southwest China will invest RMB260 billion on building transport network linking Southeast Asia and South Asia in the next 10 years, making Yunnan a modern logistics center, Xiao Yangzhu, Deputy Director, Yunnan Department of Commerce revealed in Kunming. Yunnan is currently constructing roads accessible to seven provinces ...
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Henan Builds Three Inter-city Rails
(Dec 29, 2009) Henan province will have three new railways running in three years as Zhengzhou-Jiaozuo, Zhengzhou-Kaifeng, Zhengzhou-Xinzheng Airport inter-city railway officially started construction in Zhengzhou on 29 December 2009. Official of Ministry of Railways said the inter-city railway is a joint venture of Ministry of Railway and Henan Province. The three railways ...
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Guizhou's Construction Industry Posted 27% Growth in 2009
(Dec 28, 2009) Guizhou province continues to increase investment in transportation, water conservation and other infrastructure, driving double-digit growths in industrial value and value added in the construction industry. The province started key projects in the third quarter of 2009, and subcontracted construction work with total value of RMB33.103 billion, an increase of ...
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Shanghai Exported over US$5.8bn Vessels in 2009
(Dec 21, 2009) Shanghai port exported US$5.83 billion of vessels of various types in the first 11 months of 2009, an increase of 43.9% on-year. Shanghai managed to keep its vessel export at above US$2 million each month. In the first 11 months, Shanghai port exported ships of US$2.08 billion to the EU, ...
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China Received 61% of the World's New Shipbuilding Orders
(Dec 15, 2009) All shipyards in China completed shipbuilding of 36.54 million deadweight tons (dwt) in the first 11 months of 2009, up 41% on-year. Shipyards in China signed new shipbuilding orders of 22.94 million dwt, down 61% on-year amid a weak international economy. In November, shipyards signed 3.83 million dwt of new ...
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Seven Banks Back Shenzhen-Hong Kong East Corridor
(Dec 31, 2009) Shenzhen-Hong Kong Cross-boundary Highway is expected to complete construction in 2012 at an investment of RMB6 billion. Seven banks led by State Development Bank, China Construction Bank Shenzhen Branch, Agricultural Bank of China Shenzhen Branch and China Citic Bank Shenzhen Branch will provide a syndicated loan of RMB4.5 billion to ...
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Online Sales Tops RMB250bn in China
(Dec 31, 2009) The total amount of online shopping sales reached RMB250 billion in mainland China in 2009, marking the third consecutive year of rapid growth. An online shopping trend report in China said online shopping had taken up 1.97% of the total amount of consumer retail sales in China. The number of ...
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Fuzhou Starts Making Its First Rail
(Dec 28, 2009) The Fuzhou City Rail Line 1 commencement ceremony was held at the Zexu Square, Fuzhou on 27 December 2009, signifying the first rail line construction in Fuzhou, Fujian province of China. Fuzhou Rail Line 1 starts from the north of Fuzhou, and passes through Chating Park, Guangta Road, Tatjian Road ...
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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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