China News Direct

 
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Time to stand up for Chinese companies
(Jan 14, 2015) KUNMING, Yunnan - Chinese companies will have a choice in sourcing ultra-thin aluminum foil used in the manufacturing of high-end devices after Yunnan Haoxin Aluminum Foil Co. Ltd. produced its first ultra-thin aluminum foil last August, cutting reliance on overseas supplies. Haoxin Aluminum Foil, based in Yunnan province, is a sino-US joint venture of Alcoa. ...
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China unveils monetary strategy that catches two birds
(Feb 06, 2015) BEIJING - Economists say China has done something not seen before in gearing the economy when taking 50 basis points off all banks' required reserve ratio, it allows some banks additional cuts, effectively increasing money supplies and pushing the costs of lending down. China has made a timely move to lower the required reserve ...
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China pumps up crude oil reserve
(Mar 01, 2015) YANTAI, Shandong - A 300,000-ton crude oil terminal construction project was approved in early February, being the second move China made this year to beef up crude oil reserve, national and commercial. National Development & Reform Commission (NDRC) issued a guideline on 9 February to encourage commercial oil refineries to build crude oil reserve. On the same day, it approved the ...
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Waste treatment investments enabled by enhanced rule
(Mar 26, 2015) SHANGHAI - Local governments across China are asked to stiffen charging sewage discharge fees on a "user-pay" principle, collecting and budgeting money for waste treatment and infrastructure construction. The Ministry of Finance (MOF), National Development and Reform Commission (NDRC) and the Ministry of Housing and Urban-Rural Development ...
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Beijing sends new help to water infrastructure investment
(Mar 29, 2015) BEIJING - State Council wants 90% of central budgeted funding to be dispatched to local water and irrigation projects by this June, which signals how important water infrastructure is in underpinning socio-economic development. The State Council has planned 172 major water and irrigation projects of which 57 has started ...
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China goes all out for infrastructure
(Apr 08, 2015) XIAN, Shaanxi - A quick thumbing through pages shows that just supplying drinking water to several inland provinces drew more than RMB10 billion of investments in the past couples of years, needless to say the mammoth amount of capitals going into all kinds of construction. The State Council has planned 172 water and irrigation infrastructure projects for the coming decade. ...
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Shandong first to lift water quality upward
(Apr 22, 2015) JINAN, Shandong - The provincial government of Shandong will make drinking water quality a yardstick in assessing the performance of officials, introducing the first provincial rule to keep water quality high in China's South-to-North Water Divergence Network. All signs point to higher standards required when operating and regulating water ...
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Public-private partnership poised to grow
(May 26, 2015) ANQING, Anhui - Beijing Urban Construction Group Co. Ltd. has signed a RMB2-billion contract to build and operate Anqing Outer-ring North Road in the city of Anqing, Anhui province, the first public-private partnership (PPP) project in Anhui's public transport. To be completed in two years, Anqing Outer-ring North Road is the province's first PPP transport ...
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China waves to transatlantic infrastructure cooperation
(Jun 04, 2015) MACAU - China may draw international economic cooperation like magnets, fueled by infrastructure construction which sprawls along the coastlines of Asia and even the Bahamas in Latin America. A thousand representatives arrived at Macau which hosted the 6th International Infrastructure Investment and Construction Summit on 4 ...
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Competing along railway tracks
(Jun 12, 2015) SHANGHAI - Four sets of high-speed railways left Shanghai and arrived at Nanning, Guangxi Autonomous Region in just 11 hours and 30 minutes, playing as a prelude to competition and alliance along railways. Made debut last December, the high-speed railways bring Yangtze River cities ever closer to southern coastal seaports in China. They pass big cities such as Nanjing in Jiangsu ...
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