China News Direct

 
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State firms reap RMB445bn profits in four months
(May 27, 2017) BEIJING - Most of the 102 state-run companies in China were able to make a profit from January to April, and those in services reaped the most rewards. Out of the 102 state-owned enterprises, 98 were making a profit thanks for a mix of strategies to promote lean and mean operation. During the period of January to April, state firms were largely ...
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Sinopec stabilizes fuel oil supply in Sichuan
(May 31, 2017) CHENGDU, Sichuan - Sinopec Chemical Sales Co. Ltd. (South China) is making a stronger footing in southwest China through Sichuan province after it has put the Neijiang-Jianyang fuel oil pipeline into operation. Two years of hard work is paying off as Sinopec Chemical Sales launched the fuel oil pipeline for commercial operation last week. The ...
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China straightens up poultry waste recyling
(Jun 12, 2017) BEIJING - China's State Council has issued a guideline to make sure that poultry waste is handled effectively, striking a balance between keeping the country clean and recycling poultry waste for commercial use. The handling of poultry waste, from first-time waste disposal to recycling of waste for new products, is an issue that can no longer be hidden under ...
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Meifei Biotech to produce microbial fertilizer
(Jan 18, 2017) HARBIN, Heilongjiang - Pathway of the U.S. has signed to put a microbial or micro-organism fungi fertilizer project in Heilongjiang province, starting its sino-U.S. joint venture in China's largest agricultural production region. The American company has one of the world's most advanced agricultural-used microbial technologies. Taking about two ...
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Wind power blows strongly in Shandong
(Jun 10, 2017) JINAN, Shandong - Shandong province aims to put 14 million kilowatts of wind power on-grid by 2020, according to the province's latest renewable energy development plan running up to 2030. Energy companies are hovering around the Shandong Peninsula which has presented favourable climate for Shandong in developing onshore and offshore wind power plants. Shandong ...
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Sinopec cross sells card services
(Aug 08, 2017) BEIJING - Sinopec Shanghai Petrochemical Co. Ltd. (SPC) and China Telecom (Shanghai) signed a cooperation agreement to provide customers with a broader scope of services. SPC and China Telecom (Shanghai) will share resources in a bid to reach out to more customers or to go to businesses not yet reached. China Telecom (Shanghai) will provide wireless network coverage all SPC gas stations. The alliance includes sales of value-added perks of mobile phones and services. It also stretches to sales of ...
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Zhenhua Oil fetches unique value in global oil and gas
(Jun 30, 2017) BEIJING - Zhenhua Oil shipped its shipments of diesel to Myanmar and Singapore, marking its entry to more countries along Belt and Road. Zhenhua Oil shipped its first shipment of diesel of 5,000 tons to the Wanbao Copper Mine in Letpadaung, Myanmar, one of the sample projects of China's outreach to Belt and Road countries and regions. It ...
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Qingdao Water raises hope for much desalinated water
(Jul 20, 2017) QINGDAO, ShandonG - Qingdao Water Group Co. Ltd. has set a record for itself and for China, desalinating seawater for 105,251 cubic meters of fresh water in a single day. It was the first time Baifa Seawater Desalination Factory, run by Qingdao Water Group, desalinated seawater overload. Qingdao Water Group is running desalination ...
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Tianjin's Dongjiang dominates big-ticket financial leasing
(Jul 29, 2017) TIANJIN - Tianjin's Dongjiang Free Trade Port (FTZ) Zone continues to dominate China's financial leasing of heavy equipment such as aircraft and vessels, announcing stellar growth in business despite challenges. Dongjiang Bonded Port Area saw 170 new financial leasing companies formed in the first half of 2017. These ...
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Bank of China extends coverage for corn farmers
(Jul 28, 2017) TIELING, Liaoning - Bank of China and two companies in Liaoning province will provide insurance plus futures contracts to corn farmers, undertaking price risks and ensuring farm incomes. For the first time, rural cooperatives, corn farming groups, and farmers in hardship in corn growing areas in Liaoning province will be given relief in the form of ...
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