China to restructure coal industry by forming giant groups
China plans to restructure its coal industry by forming six to eight coal groups with each boasting a production capacity of 100 million tons by 2010 through mergers and acquisitions, according to a recent government document. With the average output remaining low, China's coal companies need regrou...
+ MoreThe largest rail production, repair base starts operation in China
China's largest rail production and repair base in the central Hubei Province began operation on Monday. The Changjiang Company of China South Locomotive and Rolling Stock Industry (Group) Corporation in the provincial capital Wuhan will be capable of producing 11,000 cargo train cars and repairing1...
+ MoreChina to Lead World Wind Power Generation
China is expected to become one of the leaders in the wind energy market and play an increasing role in altering its polluting ways and combating climate change, industry experts said. The strong winds that blow through China's northern plains could be harnessed to help reduce the nation's carbon-di...
+ MoreChina Could Be Top Wind Market in Three Years: Vestas
China could become the world's top wind power market in three to five years but will grow faster if it reforms its subsidy system, executives of major wind turbine maker Vestas said on 21 Sept.,2007. Chief Executive Ditlev Engel, in China to open the second and third in a series of seven plants due ...
+ MoreBeijing to Build Its Longest Subway This Year
Proposal for construction of the longest subway in Beijing has passed government examination and appraisal and will be built within the year. The Beijing Municipal Commission of Urban Planning has announced that the No.6 subway will run from east to west across the north of the city for 41.74 km wh...
+ MoreMinistry to take 35% stake in rail group
The Ministry of Railways is expected to take a stake of around 35 percent in a new investment group to finance the Beijing-Shanghai high-speed railway, sources said. The ministry will invest 40 billion yuan in the firm, which is expected to be established before the end of the year, the sources said...
+ MoreChina Industrial added value up 18.5% in 1st 9 months
BEIJING, Oct. 26 (Xinhua) -- The industrial added value of China's major industrial enterprises grew by 18.5 percent in the first nine months compared with the same period last year. The growth rate was the same as the second quarter and 0.2 percentage points higher th...
+ MoreChinese exporters may see costs rise 10% due to new
Chinese exporters may see their production costs rise by five to ten percent, if a new policy to force exporters to abide by environmental protection rules comes into force, said an official from the Ministry of Commerce (MOC). The MOC has issued a notice that exporters would be banned from trading ...
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