China News Direct

 
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CNPC ranks high in global top 50 oil companies
(Dec 20, 2007) China National Petroleum Corporation (CNPC) ranks 7th in America Petroleum Intelligence Weekly (PIW) Ranking of Global Top 50 Oil Companies 2006. It is understood that crude oil storage of global top 50 oil companies accounts for 85% of world's total. Natural gas storage of the top 50 oil companies accounts ...
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Huaneng Power takes 9.08% of Shenzhen Energy
(Dec 20, 2007) Huaneng Power International acquires 200 million new shares of Shenzhen Energy Investment Company for RMB1.52 billion to hold 9.08% equity shares in the latter. According to plan, the 200 million privately placed shares bought by Huaneng Power is to list on the Shenzhen Stock Exchange on December 20, 2007 with ...
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Dalian Changxing Island Port to build timber and steel bases
(Dec 20, 2007) Dalian Changxing Island Port in the northeastern Chinese province of Liaoning speeds up development to be a timber and steel transportation base. The port will set up a two-square km process and trans-shipment zone for timber and construction material to aim at enterprises engaging in timber primary and advance processing ...
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Hunan Nonferrous Metals seeks tungsten resources overseas
(Dec 20, 2007) Hunan Nonferrous Metals Corporation Ltd announces it has teamed up with King Island Scheelite Ltd to produce scheelite in Australia. Hunan Nonferrous Metals makes the move to invest in Australia since it is keen on developing nonferrous metal business overseas. The two will re-develop the King Island scheelite project in ...
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Kingboard Chemical new formaldehyde plant starts operation
(Dec 20, 2007) Kingboard Chemical Holdings Ltd (Kingboard Chemical) announces a large scale formaldehyde production plant is formally put in force. The plant is fully owned and operated by Kingboard Chemical. The investment in the plant is RMB787 million with an annual production of 450,000 tonnes. After it starts operation, the company's total ...
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Information platform promotes agri-trade in Guangdong
(Dec 20, 2007) The Multiple Information Service Platform launched in March 2003 has enhanced the efficiency of information exchange in rural areas of Guangdong province. Shang Yong, Vice Minister of Ministry of Science and Technology, is pleased with the progress and performance of the platform. At present, service institutions of the platform are ...
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1.8 mn tonnes cold-rolled project starts in Nansha
(Dec 20, 2007) A 1.8 million-tonne cold-rolled steel project jointly invested by Guangzhou Iron & Steel Enterprises Group and Japan's JFE Steel Corporation starts operation on December 18, 2007. Counting the recently started 400,000 tonnes hot zinc plating production line, the coastal iron and steel base in Nansha at the Pearl River estuary ...
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Midwest opens database to Sinosteel to stem acquisition
(Dec 20, 2007) Australia's Midwest Corporation Limited, a company in iron ore and steel feedstock supplies, will open its database to China's Sinosteel Corporation under a conditional agreement. Under the agreement, Sinosteel will keep the data confidential and cease trying to acquire Midwest. Sinosteel has submitted a Midwest acquisition proposal valued AUD1.2 billion ...
Price: USD $17.50
 
   
Zhenhai Oil Reserve starts operation
(Dec 20, 2007) Zhenhai National Oil Reserve Station in the city of Ningbo in Zhejiang province, China's first national oil reserve station, has passed government examinations on 19th December 2007. Size of the station is to hold 5.2 million cubic metres. The station had started trial runs in 2006 and is in operation ...
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Huaxia and Deutsche Bank launch commodity index linked funds
(Dec 20, 2007) On 18 December 2007, the Chinese-based Huaxia Bank and Deutsche Bank of Germany jointly release two wealth management products that is linked with the Deutsche Bank Liquid Commodity Index (DBLCI)-Mean Reversion Index. The highest rate of return of the 100%-capital guaranteed fund reaches 20% while that of the 95%-capital guaranteed ...
Price: USD $17.50