China News Direct

 
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Xinjiang to Build China's Largest Low-Carbon New City
(Feb 15, 2010) Xinjiang Uygur Autonomous Region's Turpan plans to develop a low-carbon new city by 2020, heavily using solar lighting, geothermal heating and green transport. Su Tiancheng, Vice Mayor of Turpan said, the new low-carbon city covers an area of 8.8 square kilometers, and is located 3 kilometers away from the city's ...
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China's Crude Steel Export Down 94% in Financial Crisis
(Feb 14, 2010) Ministry of Industry and Information Technology (MIIT) estimated, China's crude steel production capacity reached 700 million tons in 2009, increased 40 million over 660 million tons in 2008, pointing to an even sharper overcapacity contradiction. China's net crude steel export mounted to 2.86 million tons in 2009, decreased 44.79 million ...
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Hubei Opens Biggest Agri-machinery Market
(Feb 12, 2010) Central China's largest agricultural market - Hubei Agricultural Facility Logistics Trading Center - settled in North Hankou yesterday. The center had planned areas of 1,000 mu (1 mu = 1/6 acre) and takes a total investment of RMB2 billion. It is expected to turn over annual sales of RMB6 billion ...
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Fujian Leads Cross-strait Agricultural Investment
(Feb 12, 2010) Fujian approved 83 Taiwan-funded agricultural projects in 2009, putting US million of investment under contract. Fujian has approved 2,177 Taiwan-funded agricultural projects cumulatively and used contracted investment of US$2.79 billion and actually received US$1.6 billion of investment, topped other provinces in terms of the number and scale of Taiwan funds ...
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Wuhan To Build Central China's Biggest Agro Equipment Market
(Feb 12, 2010) Central China's largest agricultural equipment market with a planned area of 1,000mu (1mu=1/6 acres) settled in Wuhan, capital of Hubei province. The Hubei Agricultural Equipment Logistics Trading Center carries an investment of RMB2 billion. Upon completion of construction, the business turnover of the centre is expected to attain RMB6 billion. ...
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PBOC Stays Vigilant Despite Lower CPI in January
(Feb 12, 2010) China's consumer price index (CPI) and producer price index (PPI) rose 1.5% and 4.3% year-on-year in January respectively, easing worry of an early interest rate hike. Governor of People's Bank of China (PBOC) Zhou Xiao-chuan says they must stay vigilant of the current economic development although the level of inflation ...
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January's CPI up Mildly on New Year Consumption
(Feb 12, 2010) China's consumer price index (CPI) and producer price index (PPI) rose 1.5% and 4.3% year-on-year respectively in January 2010, driven by food price rise and robust consumption. Latest figures from National Bureau of Statistics (NBS) showed the CPI hike was driven by spending before the Spring Festival in mid-February and ...
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Xining (State) Economic & Tech Zone Plans More Projects
(Feb 11, 2010) Qinghai's Xining (State) Economic and Technological Development Zone completed industrial added value of RMB10.6 billion in 2009, increased 36.1% over 2008. This is the first time the economic development zone in Xining produced an annual industrial added value breaking through RMB10 billion. since the approval of construction. The zone has ...
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Shenzhen Invests RMB10.5bn on Bio, New Energy and Internet
(Feb 11, 2010) Shenzhen will invest RMB10.5 billion cultivating three major strategic emerging industries including biotechnology, new energy and mobile internet from 2009 to 2015. Xu Qin, Executive Vice Mayor of Shenzhen, said the three industries would give Shenzhen an industrial scale of RMB650 billion by 2015. It strives for RMB200 billion of ...
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CNPC Expands Natural Gas Business in Iran
(Feb 11, 2010) China National Petroleum Corporation (CNPC) has reached an agreement with the Iranian government to explore the 11th phase of Iran's South Pars Natural Gas Field. An official familiar with CNPC's international business says the specific work will be conducted after the Chinese Lunar New Year and CNPC is going to ...
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