China News Direct

 
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Global Sweeteners raises sugar production capacity in China
(Aug 20, 2007) Global Sweeteners Group, a proposed spin-off of Global Bio-chem Technology Group Co. Ltd., will expand its sugar productivity in the mainland China. The company plans to expand its plants in Shanghai and Changchun, Jilin Province, and to build a new plant in Jinzhou in Liaoning Province. Global Sweeteners is also ...
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China Shenhua Energy forecasts high coal price
(Aug 20, 2007) China Shenhua Energy Co. Ltd. forecasts that coal price will remain high in the second half of 2007, amid the company's growing profit. The company recorded an interim net profit of RMB10.3 billion for the first half of 2007, up 19.8% from the same period last year. Operational income rose ...
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Dongguan targets value-added industries to solve power shortage
(Aug 18, 2007) The vice mayor of Dongguan city in Guangdong Province calls for development of industries with low reliance on human resource and electricity to solve the problem of shortage. Dongguan relies on imported electric power, for it only generates 10% of the electricity it needs. In recent years, the power imported ...
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India Visa Steel forms joint venture with China & Swiss corp.
(Aug 18, 2007) Visa Steel Co. Ltd has announced that it has formed a joint venture with Baosteel Trading Co. Ltd from China and VISA Comtrade from Swiss to set up a ferrochrome plant. Visa Steel will hold 51% shares of the joint venture while Baosteel and VISA Comtrade will occupy 35% and ...
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Food services and lodging industries reported growth in China
(Aug 18, 2007) According to the Ministry of Commerce of the People's Republic of China, sales revenue from the lodging industry and food service industry has increased by 18% in the first seven months of 2007. With reference to the statistics, sales revenue of the lodging industry and food service industry has increased ...
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Shanxi to strengthen understanding and tie with Hong Kong
(Aug 18, 2007) To seize the opportunity brought by 2007 Shanxi Zhujiang Delta (Guangzhou) Investment and Cooperation Fair, Yu Youjun, the governor of Shanxi, expects the province can achieve three goals in the fair. First, Shanxi wants to seize the opportunity brought by industry transfer in Guangdong. For example, the aluminum industry of ...
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LUKOIL introduced global planning system based on SAP software
(Aug 17, 2007) LUKOIL completed introduction of a global planning system based on SAP software solutions, including planning and budgeting modules on all planning horizons, as well as tools for assessment and coordination of investment projects and creation of the LUKOIL Group's Investment Program. The planning system encompasses over 70 LUKOIL Group's Russian ...
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Cheung Kong aims more acquisitions amid mortgage crisis
(Aug 17, 2007) Cheung Kong Infrastructure Holdings Ltd. is seeking more opportunities for acquisition and may build more electric power stations. Victor Li, chairman of the company, said the recent subprime mortgage crisis has given Cheung Kong Infrastructure a greater chance of success in acquisitions over its competitors, which are private equity funds. ...
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Zijin Mining Group needs to lower production targets
(Aug 17, 2007) China-based mineral resource miner, Zijin Mining Group Co., Ltd., lowers production targets for 2007 while its profit for the half year rose. Due to mining accidents in the gold mine in Guizhou Province and technical problems with the copper mine in Qinghai Province, Zijin Mining Group lowers its production targets ...
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Zhuzhou CSR Times Electric Co. Ltd. - Notice of Board Meeting
(Aug 17, 2007) Zhuzhou CSR Times Electric Co. Ltd. (a joint stock company incorporated in the People?s Republic of China with limited liability)(Stock Code: 3898) NOTICE OF BOARD MEETING Notice is hereby given that a meeting of the board of Zhuzhou CSR Times Electric Co., Ltd. (?Company?) will be held at Times Hotel, ...
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