China News Direct

 
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China Has High Potential in Solar Power Development
(Oct 22, 2008) The State Council encourages Hong Kong companies to bring brand promotion and technology development experience and to make good use of business opportunity and development potential of the solar water heater market in China. The demand for solar water heater continues to increase as production, research and development are becoming ...
Price: USD $17.50
 
   
Time To Reform Oil Price
(Oct 22, 2008) Experts think that it is a good time for China to reform refined oil price as both the international oil price and China's CPI have dropped. Zhang Yao, president of China Chamber of Commerce for Petroleum Industry, said that China should take this opportunity to build a refined oil pricing ...
Price: USD $17.50
 
   
PetroChina To Tap Oil in Uzbekistan
(Oct 22, 2008) China National Petroleum Corp. (PetroChina), the largest oil producer in the region, has signed an agreement with the state oil company of Uzbekistan to jointly develop an oilfield in the country. The oilfield has more than 30 million tonnes of oil reserves for exploration. Representative of PetroChina commented that the ...
Price: USD $17.50
 
   
TS Telecom Buys Iron Ore Mine in Guangxi
(Oct 22, 2008) TS Telecom Technologies Ltd. is going to pay RMB10 million cash to acquire an iron ore mine in Fengshan County Guangxi. TS Telecom Technologies will pay RMB10 million for a 51% equity stake of Feng Shan Xian Qian Xing Mining Industry Company Limited which has an annual production output of ...
Price: USD $17.50
 
   
Sinopec Lowers No.0 Diesel Price
(Oct 22, 2008) China Petroleum & Chemical Corporation (Sinopec) will lower diesel price in major districts starting from 27 October. Market analysts say due to international oil price drop and competition in China, diesel and fuel oil price will come down further in China. Mainland Chinese media, at the same time, report that ...
Price: USD $17.50
 
   
China Sciences Conservation Power Seeks New Growth
(Oct 22, 2008) China Sciences Conservational Power Ltd. is seeking business opportunity in solid waste treatment and power generation in China. China Sciences Conservational Power is seeking various investment and business opportunities in the mainland. It is in talk with a third party potential investor about joint investment. But the talks are at ...
Price: USD $17.50
 
   
PetroChina Will Speed up Oil Exploration and Investment
(Oct 22, 2008) PetroChina Co. Ltd. will speed up local and overseas oil exploration and believes its oil refining business will turn around to make a profit this year. PetroChina sees that an international oil price drop to US$80 per barrel will help its refining business. The average price of oil products in ...
Price: USD $17.50
 
   
Investment Loss and Tax Hurt Jiangxi Copper
(Oct 22, 2008) Jiangxi Copper Co. Ltd. announced a 26.9% drop in profit to RMB919.5 million for the third quarter of 2008. The drop was due to investment loss and a sharp rise in tax payment. Base on PRC accounting standard, Jinagxi Copper had an investment loss of RMB170 million and a rise ...
Price: USD $17.50
 
   
Chaoda To Add 20% More Production Area Each Year
(Oct 22, 2008) Chaoda Modern Agriculture (Holdings) Ltd. will continue to expand agricultural land area by at least 20% each year. Chaoda Modern Agriculture has announced its 2008 annual results ended June. Net profit rose 12.87% to HK$1.956 billion. It added 36% more agricultural and production land area to 494,800 mu (1 mu ...
Price: USD $17.50
 
   
Shenhua Coal Sales Volume Dropping
(Oct 21, 2008) China Shenhua Energy Co. Ltd. announces its third quarter performance where production output of coal rose over 17% on-year. But its power generation business reported an under 30% growth in the first three quarters. Shenhua Energy produced 15.9 million tons of coal in September and 138 million tons of coal ...
Price: USD $17.50