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Shanghai tries to win gold and diamond trades
(May 12, 2016) SHANGHAI - Gold sold as an investment doubled in volume in the first quarter this year although demands for gold in China and India, the world's biggest gold consumers, dipped a bit in a slow economy. Shanghai Gold Exchange launched the world's first gold index priced in Renminbi (RMB) this April. The issuance of a RMB-denominated gold ...
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Japanese companies sidelined, but watching closely
(Jun 28, 2016) DALIAN, Liaoning - DHI-DCW Group Co. Ltd. will produce 50 more sets of wind towers for Hitachi after Hitachi has nodded satisfaction of the products. DHI-DCW Group has been commissioned to produce wind towers (WTGS) of 2 megawatts for Hitachi. Adopting German technologies, DHI-DCW has added its own efforts to localize production, now operating ...
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Huiyuan, Huasheng scale up apple business
(Aug 02, 2016) QIANYANG, Shaanxi - Senior executives of Huiyuan Group made a trip to its fruit juice industry park located in Qianyang county, Shaanxi province this June, ensuring that resources sent to commercialize fruit juice production is done well in face of an expanding overseas market. Fruit juice production is no longer a factory operation of extracting. To ...
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China announces rare earth strategy
(Oct 18, 2016) BEIJING - China will keep track of her rare earth export and will cap the total exploration of rare earth to 140,000 tons in 2020, according to a medium term rare earth development plan running up to 2020. The Rare Earth Development Plan 2016-2020 calls for mastering the use of rare earth to fit China's new normal economic development. To develop emerging industries, ...
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Dalian automakers move up with Panasonic Battery
(Aug 02, 2016) DALIAN, Liaoning - Panasonic Battery will be building an automotive battery factory in Dalian Tax Bonded Zone where Nissan, Qirui and SG Automotive follow suit to manufacture automotive parts and components. Dalian Panasonic Automobile Energy Co. Ltd. will start producing automobile batteries in 2017 when the first phase of factory ...
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COFCO extends rice trade to Cambodia
(Oct 14, 2016) BEIJING - COFCO Group will import rice from Cambodia, the latest moves China makes to speed up building food trade networks in the world. COFCO representing China and Green Trade Company, representing the Cambodian government, signed a MOU of rice import and rice trade cooperation on 13 October. The signing of the memorandum of rice trade cooperation will tighten trade ...
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Ethylene breakthrough greeted with open arms
(Jul 12, 2016) SHENYANG, Liaoning - Shenyang Gufengji Group Co. Ltd. and CNOOC Ltd. started running a complete set of hydrocracking and compressing technology of producing ethylene, able to process 1.2 million tons of ethylene a year for the first time. The hydrocracking-compressor set is the first Chinese-made multi-output machine of refining ethylene, propene, ...
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Heilongjiang subsidizes farm machinery
(Aug 04, 2016) HARBIN, Heilongjiang - Farmers in Heilongjiang province will be subsidized thousands of yuan for each farm machine replaced or scrapped, the latest measure implemented by the provincial government to upgrade the rural sector. The subsidy is designed to promote the use of more effective and environmentally friendly machine. Individual farmers or farm groups, ...
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East-bound ore trade spells opportunity for Dalian
(Sep 09, 2016) DALIAN, Liaoning - Dalian Port Ore Terminal in Dalian city, Liaoning province just handled another 400,000-ton iron ore vessel sailing from Brazil, ready to go full force in developing tax-bonded iron ore logistics business. Dalian Port Ore Terminal broke its record this September when it completed loading 78,000 tons of iron ore in just ...
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Cities take initiatives in recycling wastes
(Sep 12, 2016) DALIAN, Liaoning - The city government of Dalian, Liaoning announces that restaurants in Dalian will be collected kitchen wastes for recycling, at about the same time when Shanghai also said it would stop shipping construction wastes out - the latest moves by big cities to make the world a better place. The municipal government of Dalian issued a ...
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