China News Direct

 
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Dalian Port to raise fund in 2009 for expansion
(Feb 27, 2008) Dalian Port (PDA) Company executive director Jiang Lu Ning says that the company will issue A shares to raise fund in 2009. The proceeds are for port expansions and other business. Reuters quotes Jiang as saying that to cope with operation needs, the company will invest RMB1 billion in '08 ...
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MTR won Dehli Airport rapid transit line contruction project
(Feb 27, 2008) Hong Kong's MTR Corporation has won a HK$128 million management contract of the Delhi Airport rapid transit line construction project. The 22.7 km line will be in service in 2010. Reliance Energy Limited, the franchise company of the project, will provide a crew, maintenance and operate the railway for 30 ...
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China Shipping Container Lines to get billions of assets
(Feb 27, 2008) China Shipping Container Lines (CSCL) will consider asset injection this year. 21st Century Business Herald reports that CSCL will acquire assets from its mother company. These assets, including assets from core businesses of ports, container manufacturing and logistics, are worth over RMB10 billion. They will be injected into CSCL in ...
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Maersk's Fujian container operation moved to New Port
(Feb 26, 2008) Maersk Line of Denmark transfers its container shipping operation to the Fuzhou New Port at the Jiangyin Port Zone in the province of Fujian from Fuzhou city in February. Maersk's container shipping business was originally based at the Qingzhou Terminal of Mawei Harbour in Fuzhou. The Fuzhou New Port facility ...
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Guangdong sees severe post-lunar new year labour shortage
(Feb 26, 2008) The Nanfang (Southern) Daily says the province of Guangdong is experiencing a severe post-lunar new year labour shortage. The situation is not restrict to labour-intensive industries but universal. The Guangzhou Labour Market Monitor says the 4 industries of manufacturing, hospitality, transportation, and construction see 100,000 hands short. Some enterprises say ...
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China plans unified airport fee for local and foreign players
(Feb 26, 2008) General Administration of Civil Aviation of China (CAAC) and National Development and Reform Commission (NDRC) reveal that a new unified airport fee system for domestic and foreign aviation companies will launch within the coming 5 years. According to the joint declaration of CAAC and NDRC, the new regulation will be ...
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Guangdong short of 10mn kw of power due to snowstorm
(Feb 26, 2008) The spring snowstorm in China has hurt not just power lines in Guangdong province, but also destroys core power transmission and power plants that supports Guangdong. According to Information Times of China, power supply from outer-Guangdong provinces drop by 8 million kilowatts as Three Gorges Power Plant, Hunan Liyujiang Power ...
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IFC to pour US$600 million into China
(Feb 26, 2008) International Finance Corporation (IFC), an investment organization and member of the World Bank Group, will inject a total of US$600 million in China in the fiscal year ended on 30th June 2008. Michael Ipson, Country Manager of IFC China, reveals that the IFC developed 147 investment projects in China by ...
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Shanwei's next decade investment worth several hundred billions
(Feb 26, 2008) The Shanwei City will turn itself into a modern coastal city by sailing on the booming Guangdong economy. The city government will lure foreign investments and start core constructions in the next 5 years. Secretary of Shanwei Municipal Committee Rong Tie Wen says in the next 5 to 10 years, ...
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China Railway Construction names 5 areas of improvement
(Feb 26, 2008) China Railway Construction Corporation plans to strengthen corporate management to raise efficiency. It targets 5 areas in management innovation. Firstly, it will shorten its management chain and reduce the number of management levels, thus to strengthen management ability and lower managerial cost. Secondly, it will have unified engineering management. That ...
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