China News Direct

 
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Africa - an untapped market for mobile phone operators
(May 16, 2007) The African mobile telecommunication market is expected to show a doubling growth in users in five years, making Africa one of the biggest mobile phone virgin land for many telecom operators. The African market, especially the East African and Central region, can be the second biggest market for telecom operators ...
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Busan Port expects increased container throughput in 2007
(May 16, 2007) In the first half of 2007, Busan Port in Korea had a near 10% growth in container throughput, handling over 6.51 million TEU of container cargo. Busan Port expects even better business and an increased container throughput in the second half of the year. According to information released by Busan ...
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Africa shows strong demand for mobile phone service
(May 16, 2007) The African continent has one of the highest growth in the number of mobile phone users. Due to the relative ease of setting up mobile phone networks, the number of mobile phone users, relative to the number of fixed line phone users, showed a substantial growth in the past few ...
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China Water Industry to raise water treatment rate by 10% each year
(May 15, 2007) China Water Industry Group will speed up development of water and water resource business. It has HK$420 million cash on hand and is planning a capital expenditure beyond this level. In three years' time, China Water Industry Group expects to supply 10 million tons of water each year, up from ...
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China Southern Airlines in air cargo joint venture talk
(May 15, 2007) China Southern Airlines and Air France are talking about a joint venture that focuses on air cargo transport. Another major airlines, China Eastern Airlines, is planning to bring in Singapore Airlines as its equity investor. China Southern Airlines is planning to set up an air cargo project with Air France. ...
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Oriental Investment buys two power plants in Dongguan
(May 14, 2007) Oriental Investment Corporation Ltd. has confirmed the acquisition of two thermal power plants in Dongguan, Guangdong. The equity investment concerns RMB438 million. Oriental Investment Corp. will issue new shares and uses internal cash to pay for the acquisition. It pays HK$316 million for a 40% equity stake of Dongguang Dong ...
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Swire Pacific speeds up development in China
(May 11, 2007) Swire Pacific has appointed Chan Nam-luk to be the chairman of Swire China. It intends to develop business in second and third line cities in China. Swire Pacific currently has three major projects in first line cities of China. These projects involve total investment of RMB15 billion. Apart from first ...
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CITIC Resources buys one more oil field
(May 10, 2007) CITIC Resources Holdings Ltd. has bought in another oil field following its acquisition of the Karazhanbas oilfield in Kazakhstan a few days ago. The company announces that it is going to acquire a 90% equity stake of the Hainan-Yuedong District Oil Field in Bohai Bay Basin for HK$1.17 billion. The ...
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China Petroleum & Chemical Corp - Notices of General Meetings
(May 09, 2007) CHINA PETROLEUM & CHEMICAL CORPORATION (a joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code: 0386) Supplemental Notice of Annual General Meeting for the Year 2006 Reference is made to the Notice of Annual General Meeting for the Year 2006 dated 6 April ...
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Zhongda self-developed bus sold for RMB14mn
(May 09, 2007) Zhongda International Holdings Ltd. has sold ten double-deck touring buses that are developed by the company. The double-deck buses are sold to Shanghai Bus. The double-decked bus, modeled JLY6120SBK, is self-developed by the company's subsidiary Zhongda Jinling. The sale involves RMB13.6 million. The buses will be used for touring. Zhongda ...
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