China News Direct

 
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China steps up to build clean development mechanism
(Jun 26, 2008) Beijing will set up a "climate exchange platform" that helps Chinese companies establish the clean development mechanism (CDM), one of the emission-reduction mechanisms stipulated in the Kyoto Protocol. Speaking at the Sino-British Sustainable Development Research and Discussion Seminar, deputy-manager of National Development and Reform Commission Beijing Branch and head of ...
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Hunan Yongzhou eyes industrial relocation from Pearl & Yangtze Delta
(Jun 26, 2008) Yongzhou City in the Province of Hunan will give more supports to industrial transfer or factory relocations from the Pearl River Delta and Yangtze River Delta in the coming future. Comprehensive costs for building factories in Yongzhou is 30% lower than in coastal areas. In the future, Yongzhou will focus ...
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Financial institutions offer loans for environmental projects
(Jun 26, 2008) Chinese financial institutions have offered more loans to support energy-saving, emission-reduction and recycling-economy projects in recent years. Zhang Tao, Vice Manager of Industrial Bank's Guangzhou branch, revealed that the bank signed a cooperation agreement with International Financial Corporation (IFC) and launched an energy-saving loan portfolio of 460 million yuan in ...
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Guangdong to roll out 150 cooperation projects in HK
(Jun 26, 2008) Guangdong Province will promote 150 cooperation projects at the 2008 Business Fair for Guangdong-Hong Kong Economic, Technology and Trade Cooperation to be held on 3 July. Guangdong Deputy Governor, Wan Qingliang will lead a delegation comprising 21 prefecture-level cities to attend the event. The Department of Foreign Trade and Economic ...
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Chongqing to build its nuclear power plant in Nantuo town
(Jun 26, 2008) According to the Fuling District Government of the city of Chongqing, the city's first nuclear power plant will be located in the town of Nantuo in the district of Fuling. Four sets of 1-million kilowatt-level nuclear power reactors are planned for the nuclear plant. Phase 1 of the construction is ...
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Guangdong turns hillside land into farm land
(Jun 26, 2008) The province of Guangdong in southern China wants to increase its agricultural land acre to two million mu (one mu equals to one-sixths of acre) in five years. Guangdong will implement a concession policy to encourage development and protection of agricultural land. It will also bring in social capital and ...
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MOFCOM requires reporting of agricultural imports
(Jun 26, 2008) The Ministry of Commerce (MOFCOM) has directed trading companies to report their imports of agricultural products to the China Chamber of Commerce of Import and Export of Foodstuff, Native Produce and Animal By-Products (CFNA) from August. Agricultural products that needs to be reported include soya beans, grape seeds, soya bean ...
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Asian Economic Growth Slow to 7% in '08
(Jun 26, 2008) Haruhiko Kuroda, president of Asian Development Bank (ADB), believes the Asian economy, excluding Japan and Australia, will grow about 7% this year. The Asian economy expanded 8.7% in 2007 but increased oil prices and high inflationary pressure have slowed growth down. Oil price and food price hikes have forced consumers ...
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CASS report: China rural labour population drops to 50m
(Jun 26, 2008) A Chinese Academy of Social Sciences (CASS) report stated that China's remaining rural labour force is 50 million, far lower than the estimated 150 million to 200 million. China's economy mainly relies on labour-intensive manufacturing. A huge supply of cheap labour is also the pillar of the country's fast-growing economy. ...
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HK Energy's RMB480m wind power plant receives green light
(Jun 26, 2008) Hong Kong Energy (Holdings) Ltd announced that construction of the 480.5-million yuan, 49.5-megawatt wind power plant in Inner Mongolia has received the green light from the development and reform commission there. Hong Kong Energy has signed two contracts worth a total of 350 million yuan with Sinovel Windtec Co. Ltd ...
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