China News Direct

 
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Backward Fishing Vessels Need Technology
(Mar 27, 2012) Although China has a million fishing vessels, claiming a quarter of the world total, the equipment used in the fishery industry is relatively backward. China has 1.06 million fishing vessels, of which 316,100 vessels are ocean-going fishing vessels. According to Liu Zheng, Bureau Chief of Fishing Vessel Inspection, Ministry of ...
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Export-Import Bank of China Plans Latin American Venture
(Mar 26, 2012) Export-Import Bank of China (Exim Bank) is going to form an investment alliance with Inter-American Development Bank (IDB), paving the way for China to develop the Latin American and Caribbean markets. The two banks are setting up an investment joint venture to promote investments worth US$1 billion in Latin America ...
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Mitsubishi Heavy Industries Launch LPG-Fueled Marine Engines
(Mar 06, 2012) Mitsubishi Heavy Industries (MHI) has developed Japan's first system for supplying high-pressure gas which enables marine engines to be fueled by natural gas. MHI signed an agreement with Mitsui Engineering & Shipbuilding (MES) on March 6 for the delivery of the first such unit. The use of LNG as fuel ...
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Guizhou May Kick-Start Electricity Reform
(Feb 20, 2012) Guizhou Autonomous Region in southwest China may be the first region to trial run an electricity price reform. The State Council will give Guizhou favorable measures in reforming the electricity market. For instance, electricity users may be allowed to buy electricity directly from power generation companies. The price of energy ...
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20% More E-commerce Users in China in 2011
(Feb 06, 2012) China had 513 million internet users at the end of December 2011 although the growth in the number of internet users had slowed down comparing to previous years. The latest internet development report issued by China Internet Information Centre has shown that there were 55.80 million new internet users in ...
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Navigation Satellite Enters Period of High Growth
(Feb 03, 2012) The new industry of satellite navigation is expected to give China an added value of RMB225 billion in five years, a 450% growth from that in 2010. The satellite navigation industry in China is entering a period of high growth, according to the geoinformation blue book published by National Administration ...
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PetroChina Tarim Oilfield To Double Output by 2019
(Feb 03, 2012) PetroChina Tarim Oilfield Company has announced another year of stellar growth after it successfully explored 549 million tons of natural gas in southern Xinjiang last year. Tarim Oilfield has set out to produce 20 million tons of gas in 2012, 30 million tons in 2013-2015, and 40 million tons in ...
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China's Software Outsourcing Boom from Coast to Inland
(Feb 02, 2012) Computer software and service outsourcing services are booming across China, sprouting from the central Chinese province of Hubei which made an income of over RMB40 billion in 2011 to the northeast city of Dalian, Liaoning province. Wuhan Donghu Development Zone had software and service outsourcing business of RMB40.7 billion last ...
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ICBC Financial Leasing Launches Shipping Management System
(Feb 01, 2012) ICBC Financial Leasing launched a consolidated shipping asset information management system yesterday, the first of its kind in China to help manage maritime assets. The information management system, jointly developed by ICBC and several professional groups, is the first such system tailor made for the financial leasing of vessels. It ...
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Card Spending, Tourism Income Broke RMB100bn during Lunar New Year
(Jan 30, 2012) Credit card transactions in China during the week long Chinese Lunar New Year holiday broke RMB100 billion, which showed a 32% growth from the same time last year. China Unionpay announced today that during the week before the Lunar New Year from January 14 to 20, credit card transactions in ...
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