Archive for August, 2008
CNPC overseas organizations help local Sudanese and Peruvian affected by natural calamities
Since July, some parts of Sudan and Peru had been attacked by heavy flood and earthquake respectively. More than 600 were killed and hundreds of thousands were affected. CNPC overseas branches in Suda... Read More
Angolan president speaks highly of China-built railway line on trial operation
MALANJE, Angola, Aug. 31 (Xinhua) — Angolan President Jose Eduardo dos Santos has spoken highly of China-built Malanje-Luanda railway in trial operation during his inspection tour to the line at... Read More
China Power Investment to invest 2.8b yuan in wind power plant
China Power Investment Corporation, one of the country’s five power giants, said in Beijing on Friday it was investing 2.8 billion yuan ($410 million) in building a wind power plant, the largest... Read More
CNOOC Unit Waits for Nod on Purchase
China Oilfield Services Ltd, a unit of the nation’s third-largest oil producer, is awaiting approval from the Chinese securities regulator on its purchase of Awilco Offshore ASA and may complete... Read More
China’s Top Firms Catching up with Global Giants
The country’s top 500 giants are narrowing gap with foreign counterparts, but they still lag behind, the China Enterprise Confederation announced in its release of the 2008 Top 500 Chinese enter... Read More
CNOOC Unit Waits for Nod on Purchase
China Oilfield Services Ltd, a unit of the nation’s third-largest oil producer, is awaiting approval from the Chinese securities regulator on its purchase of Awilco Offshore ASA and may complete... Read More
Dusty Struggle in a Cement Kiln’s Shadow
By deciding to pollute first and clean up later, cement factory owners stirred wrath in a clean corner of Yunnan Province. Dust falls like rain, garden leaves turn from green to gray, and farmers find... Read More
Billions in Loans Unlawfully Invested in Stock Market
For the second year running, the National Audit Office uncovers pervasive illegal loans made by China’s financial institutions and assets managers. By staff reporter Song Yanhua and intern reporter ... Read More
Baosteel gains beat forecasts
Baoshan Iron & Steel Co, China’s top listed mill, posted a 20-percent rise in second-quarter earnings on higher steel prices, but warned of uncertainties in the second half. Net profit incre... Read More
Trade: China-ASEAN Expo propels FTA construction
The China-ASEAN Expo has become a propeller to the China-ASEAN (the Association of Southeast Asian Nations) Free Trade Area (FTA) construction, said an official with the Expo’s organizing commit... Read More
Refinery to be expanded
China National Offshore Oil Corp (CNOOC), the country’s third largest oil producer, plans to invest 45 billion yuan to expand its new Huizhou oil refinery project in the southern Guangdong provi... Read More
Upcoming China-ASEAN Expo Hopes To Advance Bilateral Trade
This year’s China-ASEAN Expo will be held in South China’s Nanning city, in October. China’s top trade officials hope that the event will further advance regional economies, particul... Read More
Govt grain target raised 50m tons
The government is working on a plan to boost the country’s annual grain output by 10 percent by 2020, an industry expert said Thursday. Song Tingming, vice-chairman of the China National Associa... Read More