China News Direct

 
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Iron Ore, Silicon Steel Production Down After Japanese Quake
(Mar 17, 2011) Production of steel and automobile will drop as the iron ore market is hard hit in the Japanese earthquake, according to Ma Guoqiang, manager at Baosteel. The three biggest car factories in Japan, Honda, Toyota and Nissan, have halted production as steel-making plants are closed after the earthquake. The three ...
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State Council Gives Food Supply Top Priority
(Mar 17, 2011) The Government Work Report presented by head of the State Council, Premier Wen Jia-bao, on March 17 explicitly made stabilizing food production the chief goal of 2011. Increasing and stabilizing food production tops the ten prime tasks the government set to do in the year, meaning all levels of governments ...
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State Council Remakes Nuclear Power Standards
(Mar 16, 2011) China's State Council called a halt to all new nuclear power plant projects and demanded a safety review on existing ones after Japan's nuclear power plants have fallen prey to earthquake. Premier Wen Jia-bao presided a regular State Council meeting yesterday, hearing what the updated radiation situation was in Japan's ...
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Japan's Earthquake Brings Iron Ore Price Down
(Mar 16, 2011) Prices of iron ore tumbled 4.15% at London Clearing House on March 11 when Japan was shaken by one of the strongest and most devastating earthquakes in its history. The quake has destroyed numerous steel plant facilities in Japan, and sent the price of April swap contract of iron ore ...
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Fujian-Taiwan Trade Surged 31% In Jan, Feb '11
(Mar 15, 2011) Fujian Province did export trade worth US$380 million with Taiwan in January and February 2011, staging a 31.2% growth over the same time last year, and it imported US$1.26 billion worth of goods from Taiwan, showing a growth of 12.5% year-on-year. Fujian-Taiwan trade surged 16.3% to a total value of ...
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China's Food Ordinance Controversial
(Mar 14, 2011) China has finished drafting the framework of its Food Ordinance which will go into the stage of active research and studying, according to State Administration of Grain of China. Securing food supply and controlling the rocketing prices have become imminent, which is one reason speeding the legislation of the Food ...
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China Lifts Wheat Procurement Price
(Mar 13, 2011) The State Council has approved the policy of raising the minimum procurement price of grain in major production areas, a move that keeps farmers active on production and content with earning. For 2011, the minimum procurement price of white wheat will be RMB95 per 50 kilogram, an increase of RMB5 ...
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Auto Industry Merger Speeds up for Competitiveness
(Mar 11, 2011) The automobile industry is speeding up merger and acquisition over the next five years as China wants to expand its automobile industry for international competitiveness. The government will try to promote a favorable environment for the merger and acquisition during the 12th Five-year Plan (2011-2015), according to Miao Yu, Minister ...
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Dalian Plans Coke Futures
(Mar 11, 2011) China's first coke or bituminous coal futures will make debut in Dalian Futures Exchange this year, turning a new page in China's bulk commodities trade. Speaking in Beijing's NPC, Liu Xing Qiang, manager of Dalian Futures Exchange said they had submitted document of launching the futures to the authorities, and ...
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Central Plain Holds Key To China's Food Supply
(Mar 10, 2011) The Central Plain in China, meaning the region in Henan Province and Shanxi Province, will need to get stronger in stabilizing China's food production. The "Central Plain Blue Book", issued by Chinese Academy of Social Sciences (CASS) in March this year, attaches significant food production value to the Central Plain ...
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