China News Direct

 
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China State Construction Forms Infrastructure Joint Venture
(Apr 10, 2009) China State Construction International Holdings Ltd. will form a joint venture to invest in infrastructure projects. China State Construction International will form a 50/50 joint venture with China State Construction & Engineering Corporation Limited (CSCECL) to bid for infrastructure projects in China. The joint venture has a registered capital of ...
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China To Subsidize Gasoline and Diesel Price
(Apr 10, 2009) China will subsidize fuel oil product prices when the ex-factory price of gasoline and diesel hits RMB4,400 per ton and RMB3,870 per ton respectively. China Central Television (CCTV) reported that seven ministries including the Ministry of Finance will jointly unfold the fuel oil price subsidy mechanism under which gasoline and ...
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China Wireless Forecasts Strong Phone Sales
(Apr 09, 2009) With rapid development of 3G services in the mainland, China Wireless Technologies Ltd. (China Wireless) forecasts strong growth in its sales of mobile phones. Chairman of China Wireless Guo Deying said the company received fewer orders in 2008 due to the restructuring of the mainland's telecommunication industry. But as the ...
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Ningxia-Guangzhou Direct Passenger Train Starts Operation
(Apr 09, 2009) China's Ningxia Hui Autonomous Region opened a direct train route from its Yinchuan city to Guangzhou in Guangdong province on 1 April 2009. It is Ningxia's first long-haul passenger train route that runs across seven provinces and regions since 1998. It is also the longest route on Ningxia's history of ...
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Cosco Pacific Sees Challenges Ahead
(Apr 09, 2009) Cosco Pacific expects to see a difficult year ahead as the global economy continues its downward trend, dragging the demand for container transport. Cosco Pacific believes that a drop in imports and exports trade in China and the subsequent 15% drop in container throughput at mainland ports in the first ...
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Dalian Port: Foreign Trade Slump Drags Container Business
(Apr 09, 2009) Dalian Port (PDA) Co. Ltd. has decided to suspend the expansion of two container terminals due to the sluggish foreign trade. Dalian Port managing director Sun Hong said the company's container business had been affected by the international trade slump. The construction of two container berths in Phase II and ...
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BOC to Support Energy Projects in Ningxia
(Apr 08, 2009) Bank of China (BOC) will provide a loan of RMB60 billion to Ningxia Hui Autonomous Region in the coming five years, supporting the Region to build energy projects. According to the strategic cooperation agreement signed between BOC and the Ningxia government, the money will mainly be supporting large coal bases ...
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China Opens CDM Projects to Hong Kong Companies
(Apr 08, 2009) The Chinese central government has lifted the restrictions imposed on its Clean Development Mechanism (CDM) or green projects, allowing qualified Hong Kong companies to enter the market. Hong Kong's Secretary for the Environment Edward Yau noted that there are about 1,200-1,300 CDM projects around the world, and China has one-third ...
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Dongguan to Invest RMB30.4 bn in Key Projects in '09
(Apr 07, 2009) Dongguan in Guangdong province, China, plans to invest RMB30.4 billion in its key construction projects this year, while spending more than half in building its transportation system. Dongguan Municipal Government has listed 50 key projects for 2009, which involve a total investment of RMB117.7 billion. A total of 23 projects ...
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Beijing Extends Vehicle Limitation Measure
(Apr 06, 2009) Beijing will extend its vehicle limitation measure for one more year to curb traffic jam and reduce air pollution. The city has started imposing traffic limitation based on license plate numbers to limit the number of cars on roads since the Olympics. After seeing better air quality and smoother traffic, ...
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