Archive for January, 2010
Egypt seeks Chinese investment
Egyptian Minister of Investment Mahmoud Mohieldin is paying a three-day official visit to China that began Jan 27 to promote the two countries’ trade and attract more Chinese investors to this ancient country in ... Read More
Bright prospects ahead for petrochemical firms
The country’s petrochemical industry may see a 13 to 15 percent year-on-year growth in turnover this year, thanks to the economic recovery, an industry association said yesterday. Full-year profit for the sector will rise ... Read More
Tough road ahead of national energy guiding body
Coinciding with the United Nation’s Jan 31 deadline when all countries are required to submit their binding or voluntary reduction targets of greenhouse gas emissions by 2020, China took a step to officially set up the ... Read More
Fight against pollution
Compared with the economic growth target China sets every year or in its Five-Year Plan, its green goals of pollution control or energy efficiency have long proved much harder to achieve during most of the past three ... Read More
Local contractors set sail overseas
China’s overseas construction and engineering sector enjoyed 37 percent growth in 2009 and is expected to expand another 10 percent this year, according to China International Contractors Association yesterday. A Chinese ... Read More
China reschedules Zimbabwe steel maker debt
China has rescheduled to 2013 the debt of Zimbabwe’s biggest iron and steel maker following a request by the Zimbabwean government, according to official sources. Zimbabwean Industry and International Trade Minister ... Read More
Scale of China’s export credit insurance and guarantee up over 80%
China Exports & Credit Insurance Corporation (Sinosure) completed 11.66 billion U.S. dollars worth of insurance and guarantee business in 2009 amid a severe international trade situation, an increase of 85.8 percent ... Read More
CIC planning more resource investments
China’s $300 billion sovereign wealth fund is considering new investments in resource-related companies after bets on commodities producers from the US to Kazakhstan paid off in 2009. China Investment Corp (CIC) increased ... Read More
Do three errors mean breaking point for IPCC?
While covering the United Nations Climate Change Conference in Copenhagen, I took a morning away from the main venue to attend a forum of “climate skeptics”. The speakers presented political, economic, and ... Read More
Other voices on climate change
This winter, the drastic cold has battered not only China but many parts in the Northern Hemisphere, including Europe and North America. Shivering in the freezing weather, many now doubt the authenticity of global warming. We ... Read More
PetroChina to co-develop Iraqi Halfaya oilfield
A consortium led by the China National Petroleum Corp (CNPC), China’s largest oil company, won a bid to develop Halfaya oilfield in Iraq, CNPC said on Wednesday. Under the 20-year deal, CNPC, Total, Petroleum Nasional ... Read More
‘Questionable’ Esso gasoline under probe
An investigation has been launched into petroleum giant Esso, after accusations that their gas stations in the southern province are selling substandard gasoline that causes cars to malfunction. Li Xiangming, deputy ... Read More
Energy sector turns crisis into opportunities
In Chinese, the word “crisis” reflects both “risks” and “opportunities”. China’s energy sector has successfully turned its adversity into opportunity while resisting the international ... Read More