China News Direct

 
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Fujian estimates double-digit increase in GDP
(Jan 23, 2008) Fujian province in southeastern China expects to maintain a double-digit growth in gross domestic production (GDP) in year 2008. Fujian plans to commence construction works of 500 key provincial projects in year 2008. The investment value amounts to RMB918 billion totally. Huang Xiaojing, governor of Fujian, anticipates the GDP for ...
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Coal imports from Asian countries soared in China
(Jan 23, 2008) China had turned to Asian countries for coal imports in 2007 due to harbour congestions and inadequate infrastructure in Australia. According to Chinese Customs, coal imports from Australia dropped 34% from '06 to 4.52 million tons while coal imports from Indonesia soared nearly three times to 14.1 million tons, and ...
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Jiangsu encourages environment friendly investments
(Jan 23, 2008) The provincial government of Jiangsu in east China has told regional governments in the province to focus on the environment protection issues of new foreign investments from 2008 on. Jiangsu will adjust its foreign investment structure to facilitate eco-enviro protection, says the provincial Department of Foreign Trade and Economic Cooperation. ...
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Minmetals in Fortune 500 list
(Jan 23, 2008) China Minmetals Corporation has become one of the Fortune 500, the world's top 500 enterprises graded by the US Fortune Magazine. The company's 2007 turnover and profit reached US$21.8 billion and RMB6.8 billion respectively. Fortune Magazine ranked Minmetals at the 435th. Minmetals has been developing the production chain of both ...
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Sinopec builds bio-fuel base in Indonesia
(Jan 23, 2008) China Petroleum & Chemical Corporation (Sinopec) plans to invest US$5 billion in Papua and Kalimantan province in Indonesia to extract and purify Biofuel from palm oil and purging-nut tree oil. The report quotes Indonesia National Team for Biofuel team leader Al Hilal Hamdi saying that Sinopec plans to cooperate with ...
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Xinjiang Baicheng becomes a big resource county
(Jan 22, 2008) The resource rich Baicheng county in Xinjiang Autonomous Region will take up a major position in the resource sector in southern Xinjiang. Gao Keping, Secretary of Baicheng County Committee of the Chinese Communist Party, says that the county is rich in resources besides oil and gas, coal and salt reserve ...
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Hunan spent more on life and environment improvement
(Jan 22, 2008) The Hunan Provincial Finance Bureau spent more on improving life quality of its people in 2007. Fiscal expenditure of the province reached RMB134.157 billion in 2007, up 26.03% from 2006. Among the total figure, spending on education, environment protection and social security was 30.51% higher than that in 2006 and ...
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Guangdong minimum wage to go up 12.9%
(Jan 22, 2008) According to Jinyang Network reports, Department of Labor and Social Security of Guangdong Province chairman Fang Chao Gui unveils that, 2008 minimum wages will increase 12.9%. The adjustment plan is known for waiting provincial government approval and is expected to implement after lunar new year. On the other hand, referring ...
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Guangdong steel users can go for joint procurement
(Jan 22, 2008) Guangdong Provincial Society for Spatial Structures suggests enterprises that use a lot of steel products to do joint procurement in the beginning of each year in order to purchase steel materials at a more reasonable price. Wang Shitong, President of Guangdong Provincial Society for Spatial Structures, reveals that around 15% ...
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Haiyang nuclear station construction starts in 2009
(Jan 22, 2008) Core construction of the province of Shandong's Haiyang No. 1 nuclear power reactors is scheduled to start in September 2009 and commercial run is expected to begin in May 2014. The Haiyang nuclear power station is jointly invested and built by China Power Investment Corporation, China National Nuclear Corporation, China ...
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