China News Direct

 
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China Telecom Sees Smart Potential from 3G
(Jun 26, 2012) China Telecom awaits the exponential growth in business when all of its 2G users switch to 3G at lightning speed, according to Wang Xiao-chu, managing director of China Telecom. The 3G mobile service is securing a 15% market share in China, which is a signaling stage to throw the mobile ...
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Coal near Surplus Supply in China
(Jun 25, 2012) Increased import of coal at relatively low prices has created pressure for the coal market in China which is on the verge of surplus, pushing coal ports to closely monitor coal intakes and outlets. There is an expansionary supply of coal in China and many ports specialized in the transport ...
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China Straightens up Energy Market for Private Companies
(Jun 21, 2012) China will reform the energy sector to bring in more private capital, making the pie bigger and more competitive. National Energy Administration (NEA) has just issued an implementation note to encourage and promote private investment in the energy sector. To open the energy market, NEA basically welcomes eligible private companies ...
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Agricultural Bank of China Supports Post Development in Three Gorges
(Jun 18, 2012) Agricultural Bank of China will give a total of RMB100 billion of intent credit limits over the next five years to the follow-up projects of the Three Gorges located in the Chongqing reservoir area, committing to the development of the area all the way. The Chongqing government will use the ...
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Dalian Heavy Industry Signs RMB600mn Order with Vale
(Jun 18, 2012) Dalian Heavy Industry Group has signed a sale order to produce nine sets of port machinery or bulk cargo loading and uploading equipment for Vale of Brazil (CVRD), sealing the contract at RMB600 million. Vale will be using the equipment in one of its mining projects in the west shore ...
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Power Shortages Eased but Risks Remain
(Jun 18, 2012) Power shortages in China will be alleviated this summer but the threat remains when fewer power plants are ascertained. China's National Energy Administration (NEA) forecast on June 13 that in this summer, power shortages across the country will be halved last year, but the risk remains when the construction of ...
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Shanda To Make Bambook Debut
(Jun 07, 2012) Shanda Interactive Entertainment Limited (SNDA) will join the smart phone frenzy, making debut its smart phone BambookS1 in China this June. SNDA will launch the BambookS1 smart phone on its Bambook official website on June 28, signing up orders online. Developed by its mobile phone division, the smart phone is ...
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Banks in Telecom, Media Alliance
(Jun 05, 2012) Agricultural Bank of China (ABC) will back telecom operators to bring cutting edge mobile-cash payment services to Chinese customers. In Nanjing, ABC announced on May 30 its strategic alliance with China Telecom, China Mobile and China Unicom, which will bring the parties to provide "palm purse" payment services. Based on ...
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On Board China's Cruising Industry
(May 03, 2012) A total of 262 international cruise liners embarked passengers in China in 2011, showing a growth of 17.5% year-on-year and revolutionary advancing the Chinese cruising industry. The cruising industry is moving upstream and it is adding not just passengers but value. More ports in China are made mother ports today ...
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Fujian and Singapore in Infocomm Technology Development
(Mar 29, 2012) The information bureau of Fujian province and Infocomm Development Authority of Singapore (IDA) have held jointly an information and communication technology (ICT) business development seminar in Fujian on March 22-23, capturing the attention of 80 local companies and tens of information technology companies of Singapore. The seminar is the first ...
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