China News Direct

 
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Solar glass gives China Glass 50% gross profit margin
(Jun 04, 2008) Hong Kong-listed China Glass Holdings Limited expects the gross profit margin of its first solar energy glass plant in Taicang Municipal, Jiangsu Province, to hit 50%. The plant started production in April 2008. Chairman Zhou Cheng said float glass is sold at RMB1,800 per ton at present. As there is ...
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Tiangong Int'l invests RMB600m in equipment installation
(Jun 03, 2008) Chinese high speed steel (HSS) manufacturer Tiangong International Company Limited plans to invest RMB600 million to install steel-making equipment in 2008 and 2009. The equipment includes a 4,000-ton pressing and forging machine, a 1,300-ton advanced pressing and forging machine and a rolled breaking-down mill. In the next three years, the ...
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Wuxi boosts eco-agriculture
(Jun 03, 2008) The city of Wuxi in Jiangsu province is developing eco-agriculture to restore the environment which has been seriously polluted. Industrial development in southern Jiangsu where the city is located has boosted the local economy but it has also cut agriculture land area and created pollution. The municipal government now implements ...
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Taiwan to build world's largest greenhouse gas observatory
(Jun 03, 2008) According to the China News Service report, Taiwan National Central University plans to cooperate with the air crew of China Airlines, international cargo vessels of Evergreen Marine Group (Taiwan) Ltd, and FORMOSAT-3 to build the world's largest green house gas observatory. This observatory will collect data and information taken by ...
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Earthquake-resistant housing in demand in Pearl Delta
(Jun 03, 2008) The Sichuan earthquake has prompted Pearl Delta demands for earthquake-resistant housing, reports China News Service. Property buyers tend to have more confidence in quality residential buildings with good foundation works and walk-ups of just a few storeys. The demands for properties over 20 years of age and apartments of not ...
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Shaoguan to build into a core city in northern Guangdong
(Jun 03, 2008) Shaoguan Municipal in Guangdong Province plans to become a central city in northern Guangdong in the near future. Shaoguan Mayor Zheng Zhentao said Shaoguan will speed up development in infrastructure and entertainment facilities like drainage, power supply, road network and public transport in order to become a modern city. The ...
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Sharp increase in oil price rumoured to postpone chartered freight flights
(Jun 03, 2008) Taiwan originally planned to open chartered freight flights to China but market rumours state that an increase in oil price could postpone the plan. On May 26, Taiwan's Straits Exchange Foundation's (SEF) secretary-general Kao Kong-lian stated Taiwan and China might not be able to reach a consensus on chartered freight ...
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Dalian's cherry festival increases farmer income
(Jun 03, 2008) The 20-day annual Dalian Lvshun (Port Arthur) cherry festival is going to start in Dalian city's Lvshunkou district staring June 6. During the past four years, the festival has been helping orchard farmers increase their income and the province of Liaoning promote tourism. The festival becomes an efficient channel to ...
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China fixes steel price to support temporary home construction
(Jun 03, 2008) China has implemented a policy to fix steel prices in nine provinces and cities to assist construction of temporary homes after the Sichuan earthquake, reported the China Securities Journal. The provinces of Liaoning, Shandong, Hebei, Hubei, Jiangsu, Jilin and Shaanxi as well as the cities of Shanghai and Tianjin have ...
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PBOC: Earthquake influences macro economy in the short term
(Jun 03, 2008) The Research Institute of the People's Bank of China (PBOC) believes the Sichuan earthquake will only have a short-term impact on the Chinese macro economy. The institute points out that the earthquake will raise fixed asset investment and exert more inflationary pressure in the short run. Infrastructure redevelopment will also ...
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