Archive for November, 2007
Sinochem snaps up rival
China’s largest fertilizer producer Sinochem Corp has paid 1.6 billion yuan for a 51 percent stake in Zhejiang chemicals maker Juhua Group Corp. The two companies signed the agreement on Wednesday, according to a ... Read More
Chinese firm wins bid for Saudi phosphorus project
Guizhou Hongfu Industry and Commerce Co., Ltd. has won the bid for a Saudi Arabia beneficiation project, the company announced on Thursday. The Chinese phosphorus chemical giant successfully tendered to construct a concentrator ... Read More
Tieups for private banking eyed
Credit Industriel et Commercial, Europe’s third largest bank based in France, expects to find local partners to tap the mainland’s private banking business, said company executive yesterday. “If there are any ... Read More
Vice Minister of Agriculture: China, India not to blame for grain crisis
It is wrong to blame developing nations, China and India for the current global grain crisis. Niu Dun, vice minister of agriculture, made those remarks Saturday at a seminar on grain security at the ongoing 2008 Summer Davos ... Read More
Trade between China, S. Africa to jump 40%
The trade between China and South Africa has witnessed rapid growth in recent years with officials estimating that the bilateral trade volume could reach $14 billion this year. The bilateral trade this year could grow by over ... Read More
CNOOC Ltd. Announces the Startup of New Platform of PL 19-3 Oil
HONG KONG, Nov. 27 /Xinhua-PRNewswire-FirstCall/ — CNOOC Limited (NYSE: CEO; HKEx: 883, “the Company”) announced today that Platform C of Phase II of Penglai (PL) 19-3 has come on stream successfully. This is ... Read More
China Investment Corp. denies reports of Rio Tinto bid
China Investment Corporate Ltd. (CIC), the country’s newly launched State foreign exchange investment company, said in a statement Monday that it had never been involved in a bid for Rio Tinto. The statement was intended ... Read More
China-S Africa trade expected to jump 40%
The trade between China and South Africa has witnessed rapid growth in recent years with officials estimating that the bilateral trade volume could reach US$14 billion this year. The bilateral trade this year could grow by over ... Read More
The Laos Nam Ou River Basin Hydropower Development Item held Electricity Selling Memorandum Signing Ceremony
On the morning of November 26, the Laos Nam Ou River Basin Hydropower Development Item held electricity selling memorandum signing ceremony in the headquarters of Sinohydro Corporation. Thai Department of Energy routine ... Read More
Sinopec to import more oil products
China Petrochemical Corporation (Sinopec Group), one of the country’s oil giants, will import another 80,000 tons of diesel oil by the end of this month to help guarantee domestic supplies. The fuel will arrive in two ... Read More
Cooperative Set Up to Boost Fledgling Cultural Industry in China
Over 50 academic institutions, universities and companies from China’s mainland and Hong Kong, Macao and Taiwan on Friday launched a platform dubbed the China Cultural Industry Cooperative (CIC), which aims to promote and ... Read More
The Group Corporation and Zambia Signed an Agreement on Kariba North Shore Power Plant Extention Project
In November 19 the International Company of the Group Corporation and Zambia National Electric Power Company signed EPC contract agreement on Kariba North Shore Power Plant extention project in Zambia capital Lusaka. Deputy ... Read More
Mainland to help guide bridge fund
The central government will coordinate financing for the planned Hong Kong-Zhuhai-Macao Bridge and a tripartite meeting will take place soon. This was the promise the National Development and Reform Commission (NDRC) made to ... Read More