China News Direct

 
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China May Lend US$25Bn To OAO Gazprom
(Oct 01, 2010) China may provide a loan of US$25 billion to Russian national gas OAO Gazprom in exchange for purchasing natural gas at a price lower than the European customers over the next 30 years. The Sakhalin-Khabarovsk-Vladivostok gas pipe leading to northeast China may also be constructed to transport natural gas from ...
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Beijing Mulls Over Congestion Fee
(Oct 01, 2010) In a recent cadre meeting in Beijing, Liu Qi, party secretary of Beijing, called for measures to address the capital city's traffic congestion problem. Liu suggested using economic means to raise the weighting of bus usage in the city's transportation system. It is understood the capital city will keep bus ...
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Tianjin Port Sees Another Record-breaking Year
(Oct 01, 2010) Tianjin Port Group handled cargo throughput of over 300 million tons year to October 1, 2010, nineteen days earlier compared to last year. Tianjin Port handled cumulative cargo throughput of 1.7 billion tons during the 11th Five-year Plan period, doubling that in the 10th Five-year Plan. In 2009 it ranked ...
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China's Express Delivery Industry Flying High
(Oct 01, 2010) Ma Junsheng, director general of State Post Bureau of China, describes the express delivery industry as a sun-rising industry that has loads of potential to be uncovered. The express delivery industry in China handles 10 million parcels daily which is fewer than the volumes of 30 million parcels handled by ...
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UPS Seeks Entry To China's Domestic Express Market
(Sep 30, 2010) UPS is said to have applied to the Chinese government for a permit to provide domestic express delivery services, joining in the race with FedEx and DHL. Yicai reports that while UPS is offering international express delivery services through its long-term partner Sinotrans in over 200 Chinese cities, it is ...
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Three Gorges Dam Cuts RMB26.63Bn Economic Loss
(Sep 30, 2010) China's Three Gorges flood protection project has not just saved lives but brought RMB26.63 billion of economic benefits to downstream areas of the Yangtze River, according to Changjiang Water Resources Commission. The economic benefits come after the loss of lives and goods of flooded farms and aquatic breeding in eight ...
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Shanghai Infrastructure Financing Center Debut
(Sep 28, 2010) Shanghai established an international trading center for infrastructure financing on September 27. The center is the first trading platform for infrastructure financing. It helps to standardize the information and match transactions of local and overseas infrastructure projects. It hopes to foster higher efficiency of information synchronization. ...
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Compal Builds Regional Headquarters In Sichuan
(Sep 28, 2010) Taiwanese Compal Electronics Inc. will build a notebook computer production base in Shuangliu County, Sichuan Province and will base its regional headquarters in Wuhou District, Sichuan. The base will make notebook computers, unified PCs, tablet PCs, televisions, monitors, mobile communication devices and other peripheral products for computers and electronic 3C. ...
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Chongqing Overseas Travel Jumped 17.2% Over Long Holiday
(Sep 28, 2010) The long vacation of Mid-Autumn Festival and National Day golden week holiday has sent more Chongqing people on overseas trips. In September, Chongqing City approved more than 30,000 visa applications for overseas traveling as the Mid-Autumn Festival and National Day holiday fell close to each other. The number of visa ...
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Wuhan Yiye Steel ASME Accredited
(Sep 28, 2010) American Society Of Mechanical Engineers (ASME) has accredited Wuhan Yiye Steel Structure Co., Ltd. with the U & U2 stamps for its superior steel pressure vessels. ASME has assessed Yiye's product design, analytic design, materials, testing, welding and production technology. Yiye is the leading manufacturer of pressure vessel in China, ...
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