China News Direct

 
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State Council Approves RMB20bn Special Tech Fund
(May 07, 2009) China will arrange a RMB20-billion special fund to support technical upgrade, the State Council said yesterday. The State Council executive meeting forecasts that the special fund could directly drive an overall investment of RMB460 billion. The special fund will focus on supporting the research and development of key technologies in ...
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China Outlines Six Technology Transformation Paths
(May 07, 2009) The Chinese central government plans to provide support to six sectors in an effort to boost enterprises' technology transformation, said on the State Council's standing committee conference chaired by Premier Wen Jiabao on May 6. First, steel, non-ferrous metal, petrochemical, light industry, textile and food industries are encouraged to research ...
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New Energy Revitalization Plan Will Be Next
(May 06, 2009) China is working on a new energy industry revitalization plan which aims to draw the blueprint for new energy development, a source told Shanghai Securities Journal. The source also noted that the revitalization plan will be formally announced by the Chinese government in the near future. Wang Zhongying, chief director ...
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Brazil Sent Half of Asian Exports to China
(May 06, 2009) China has become the biggest purchaser and user of Brazilian products, surpassing the US for the first time. In the first quarter of 2009, Brazil's value of exports and volume of exports to China surged 62.67% and 41.47% on-year respectively, and in March, China became Brazil's biggest buyer. The Chinese ...
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SAIC To Launch Electric Cars in Two Years
(May 06, 2009) Shanghai Automotive Industry Corporation(Group)(SAIC) announced on May 5 that the company plans to launch new hybrid-power sedans with oil saving rate of 20% in 2010. The company also noted that in 2012, SAIC will roll out new hybrid-power sedans with oil saving rate as high as 50%. A full electricity-driven ...
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Taiwan Strait Will Be The Next Growth Point
(May 06, 2009) Chinese economists and experts believe the west side of the Taiwan Strait will become a new economic and growth focal point in China, thanks to the opinions launched by China's State Council on May 4. Chinese economists believe the cross-strait cooperation will be deep and wide, touching many industries, many ...
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NDRC Outlines Energy-Saving Master Plan
(May 05, 2009) The National Development and Reform Commission (NDRC) of China announced the country's energy-saving and emission reduction plan for 2009, aiming to cut backward energy production and pollution. In 2009, China aims to close small thermal power generation units of 15 million kilowatt and to eliminate backward iron production capacity of ...
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Gansu Yinguang Chemicals Will Double TDI Output
(May 05, 2009) Gansu Yinguang Chemical Industrial Co., Ltd. (Yinguang Chemicals) will complete the 100,000 t/a Toluene Diisocyanate (TDI) expansion project by the end of 2009. Li Xiaoming, chief engineer of Yinguang Chemicals, said that the production capacity of the company will be doubled and it will become the second largest TDI production ...
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Steel Sales Dropped 22% in 1Q '09
(May 05, 2009) China Iron & Steel Association (CISA) said on May 4 that the sales revenue of the domestic steel industry dropped 22% on-year in the first quarter of 2009. Li Xinchuang, vice president of China Metallurgical Industrial Planning and Research Institute, revealed that the domestic steel industry registered a RMB449.95 billion ...
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Fujian Forms Mega Corp to Oversee Key Projects
(May 04, 2009) Fujian province has combined four state-owned investment companies to form a mega investment and development corporation that supports the province's central enterprises' projects. It is said with total assets of RMB22.6 billion, the new investment and development corporation will take part in several new energy projects in Fujian. The group ...
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