China News Direct

 
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China, US, Singapore in shale gas projects
(Jul 15, 2013) CHONGQING - Yufu Industrial Park in Chongqing's Liangjiang Developing Zone will house four shale-extracted natural gas exploration projects which are jointly invested by U.S, Singaporean and Chinese companies, projected to create output value of tens of billions of yuan a year. A number of strategically important industries, such as new ...
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Regional airports expansion approved
(Jun 28, 2013) YINCHUAN, Ningxia - Regional airports in China, including Hedong Airport in Yinchuan, Ningxia Autonomous Region, Jiangbei Airport in Chongqing and Fuyun Airport in Xinjiang, will undergo expansion for increased air passengers and air cargo throughput, aiming to handle at least ten million passengers by 2020. National Development and Reform Commission ...
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Jiangsu and AVIC invest RMB5bn in aviation equipment
(Jul 02, 2013) NANJING, Jiangsu - The provincial government of Jiangsu signed a cooperation framework agreement with Aviation Industry Corporation of China (AVIC) to restructure and make Jiangsu-owned Baosheng Group the chief manufacturer of wire and cable for the aviation and digital information industries. In the alliance, AVIC will manage Baosheng Group and ...
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Guangdong invests RMB1.5 trillion in transport to balance growth
(Jun 18, 2013) GUANGZHOU, Guangdong - The Guangdong provincial government facilitated and witnessed the contract signing of RMB87.18 billion of transport infrastructure projects on June 13, saying both private and foreign investments are needed to construct highways and railways to link the less developed areas of Guangdong with the Pearl River Delta. According ...
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Russia confirms energy sale to China, more to come
(Jun 24, 2013) BEIJING - China National Petroleum Corporation (CNPC) has sealed China's single biggest crude oil contract valued at US$270 billion, sourcing 46 million tons of crude oil from Russia each year and making closer ties with the Russians in energy and infrastructure for more decades. Russian President Vladimir Putin announced the ...
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Groupon sales to break RMB3bn in China
(Jun 19, 2013) BEIJING - Groupon sales are expected to go up to RMB3 billion a month in China soon and they are projected to trend up, buoyed by frequent use of mobile phones and mobile internet, according to AliResearch. In March, groupon sales value reached its peak of RMB2.34 billion in China ...
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From sketch to pledge of capital to Fujian's marine economy
(Jun 24, 2013) FUZHOU, Fujian - Universities that have a faculty of marine science and banks that want to diversify their loan exposure to the maritime industries met each other in Fujian on June 19 to make contacts, sealing deals on 111 marine-based research and industrial projects initiated to build Fujian a strong ...
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China, Myanmar in new infrastructure alliance
(Jun 17, 2013) KUNMING, Yunnan - Three years have gone by when China-Myanmar Gas Pipeline (Myanmar section) finally makes it to completion, uninterrupted by regional political turbulence in bringing natural gas and crude oil to China's Yunnan province. Invested by PetroChina in 2010, the Myanmar section of China-Myanmar Gas Pipeline is a double ...
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Chongqing issues policy to stir online retail sales
(Jun 04, 2013) CHONGQING - The municipal government of Chongqing has released a policy note to drive the development of online retailing, hoping to have 10% of retail sales of consumer goods done online by 2015. Chongqing expects to aggregate an online retail industry valued at RMB100 billion, of which about RMB60 billion ...
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Wuhan builds 20 bridges to sustain growth
(Jun 25, 2013) WUHAN, Hubei - The city of Wuhan, converging the Yangtze River and the Han River (Hanjiang) in Hubei province, has arrived at a bottleneck where traffic flow among the cities has to be eased by 20 or more bridges, and over the next decade, these bridges will be built. Wuhan ...
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