China News Direct

 
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China goes all out for infrastructure
(Apr 08, 2015) XIAN, Shaanxi - A quick thumbing through pages shows that just supplying drinking water to several inland provinces drew more than RMB10 billion of investments in the past couples of years, needless to say the mammoth amount of capitals going into all kinds of construction. The State Council has planned 172 water and irrigation infrastructure projects for the coming decade. ...
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Shandong first to lift water quality upward
(Apr 22, 2015) JINAN, Shandong - The provincial government of Shandong will make drinking water quality a yardstick in assessing the performance of officials, introducing the first provincial rule to keep water quality high in China's South-to-North Water Divergence Network. All signs point to higher standards required when operating and regulating water ...
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New rule excites gold trade, breaks monopoly
(Apr 30, 2015) BEIJING - Banks may no longer be the chief gold traders after the People's Bank of China (PBOC) and China Customs have allowed more groups to import and export gold. The gold industry in China will never be the same again when the door leading to competition is opened. Effective 1 April, qualified legal persons, being a regular or consolidated member of ...
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New tax on rare earth kicks in
(Apr 29, 2015) BEIJING - State Council and the Ministry of Finance approved the resource tax reform of rare earth, eliminating compensation fees and export tariffs on rare earth, tungsten and molybdenum starting from 1 May. In the State Council's regular meeting held on 28 April, Premier Li Keqiang approved a number of tax measures on rare earth. In levying resource taxes on rare earth, a new tax ...
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Public-private partnership poised to grow
(May 26, 2015) ANQING, Anhui - Beijing Urban Construction Group Co. Ltd. has signed a RMB2-billion contract to build and operate Anqing Outer-ring North Road in the city of Anqing, Anhui province, the first public-private partnership (PPP) project in Anhui's public transport. To be completed in two years, Anqing Outer-ring North Road is the province's first PPP transport ...
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Scale is crucial for Chinese ports
(Jul 08, 2015) QINHUANGDAO, Hebei - The city of Qinhuangdao in Hebei province just started building a mega crude oil terminal and a depot in June, catching up with China's trend to build ports competitive enough to load bulk commodities of 400,000 dwt. Liancai Petroleum Co. Ltd. and Qinhuangdao Economic Development Zone are teaming up to invest tens of billions of yuan in the crude ...
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Measures will keep China growing for years
(Jul 10, 2015) BEIJING - More efforts are still needed to strengthen China's base of economic growth amid complicated factors intertwining the world economy, according to State Premier Li Keqiang who held a meeting with some provincial governors on 9 July. In gearing the economy, Premier Li will continue to back hard measures, solid measures and new measures designed and ...
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Extra thick aluminum sheets are keys for China
(Jul 07, 2015) CHONGQING - Chinalco Southwest Aluminum (Group) has garnered technology to produce third-generation aluminum alloy sheets which are super thick and extra broad, cutting reliance on imports of such products. Southwest Aluminum (Group) Co. Ltd. has developed the 7050 aluminum alloy pre-stretching sheets which are thicker and a lot broader than other ...
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Yunnan's agri-business shines with strong growth
(Jul 27, 2015) KUNMING, Yunnan - Farmers' quests are heeded after the provincial government of Yunnan has speeded commercial logistics to help send more coffee and local produce to Europe. Farmers in Yunnan are sending overseas more homegrown coffee beans, cut flowers, and tea grown in high-altitude slopes and mountains. Edible mushroom such as Matsutake ...
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If the ocean is the limit for manufacturers
(Jul 22, 2015) QINGDAO, Shandong - A group of seven companies in Shandong, including Sinopec Drilling Technology Research Institute, formed a closer alliance early this year to boost the offshore equipment manufacturing industry in the Shandong Peninsular, preparing to pounce on international opportunities. Chinese companies have won more overseas contracts when their ...
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