China News Direct

 
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China Oilfield earns 95% more in 2007
(Jan 31, 2008) China Oilfield Services forecasts sales income for 2007 will jump 40% on year and net profit will shoot up 95%, based on Chinese accounting standards. The rises are due to business growth and increased service charges during the year. The company's 2008 budget is RMB5 billion which will be mainly ...
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Baosteel buys 94m ton BHP iron ore
(Jan 31, 2008) Australia's mining giant BHP Billiton signs a 94 million-tonne iron ore supply contract with China's Baoshan Iron & Steel Company Limited (Baosteel). BHP will supply 10 million tonnes of iron ore to Baosteel per year at a mutually agreed price for ten years starting April 2008, and will up investments ...
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Fujian cooperates with Taiwan to create cross-Strait brand
(Jan 30, 2008) Fujian province in southeastern China plans to launch an industrial cooperation zone to speed up cross-Strait economic exchanges. Establishment of an industrial base of optical electronics, petrochemical, electronics, machinery, textile and shipbuilding will encourage division of labour with Taiwan-based enterprises. Besides, the province will set up agriculture and aquatic products ...
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Xinjiang Alashan Port to play important role in development
(Jan 30, 2008) Alashan Port of Entry has become the main economic growth driving force of Bortala Mongol Autonomous County (Bortala) in the Xinjiang Autonomous Region. In 2007, the cargo transfer volume of Alashan Port exceeded 17 million tons to remain the second largest among China's inland ports for 12 consecutive years. Shi ...
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China builds forging hydraulic machines for key aircraft parts
(Jan 30, 2008) Xi'an National Aviation Hi-Tech Industrial Base in the province of Shaanxi starts construction of large aviation forging hydraulic machine on January 29, 2008. Large forging hydraulic machine makes key and heavy components of large aircrafts. China will invest RMB195 million to set up one machine during the phase one construction. ...
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Southern Air and Air France cooperate in on-board catering
(Jan 30, 2008) China Southern Airlines will cooperate with Air France in on-board catering business, to push up profits and improve ownership structure. Southern Airlines and the Servair Group, an air catering subsidiary of Air France, will jointly operate the Guangzhou Nanland Air Catering Company, a joint venture set up by Southern Airlines ...
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Shanghai highway connecting Zhejiang opens to traffic
(Jan 30, 2008) The cross-province section of the Shanghai Xinzhuang-Fengxian-Jinshan Highway and the Hangzhou-Pudong Highway in Zhejiang province has both opened to traffic on 29th January. The cross-province section of Shanghai to Jinshan Highway will be the sixth to link to highways in Zhejiang province. Distance of the corss-province highway is 1.3 kilometres ...
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Jilin province names 5 year economic targets
(Jan 30, 2008) The province of Jilin's 5-year development plan will push up its GDP to RMB1,000 billion in 5 years. The plan will focus on several topics like modern agriculture, faster and more efficient industrial pace in development, infrastructure building, develop high-tech industries, enforce energy saving and emission reduction, deepening core reforms, ...
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Tianwei Yinli to invest RMB123bn in new energy
(Jan 30, 2008) Tianwei Yinli green energy company CEO Miao Lian Sheng says the company plans to invest RMB122.8 billion to expand business in 2008. He plans to expand solar photo voltaic to the entire scope of new energy. A 10-year development blueprint is drafted. According to the plan, the company will invest ...
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Pacific Century Premium in Phuket resort project
(Jan 30, 2008) Pacific Century Premium Developments Ltd bought a 17.3 million feet land site in Thailand Phuket in 2007. The company plans to build the site into a comprehensive resorts project. Residential buildings will be mainly detached houses. The project will be completed in stages in 10 years. The site is around ...
Price: USD $17.50