The real estate market in Guangzhou is to face closer scrutiny following the launch Monday of a new campaign by municipal authorities. China Daily reported that eleven government departments will aim to expose firms’ tricks and misbehavior relating to property developments, marketing and sales activities. The departments involved include those responsible for the city’s development[…..]
China’s marine sector contributed US$272 billion or 10.01 percent of the country’s gross domestic product (GDP) last year according to a report on the nation’s marine economy in 2006. The report, issued by the State Oceanic Administration (SOA), said that last year’s output value of marine industries – fishing, transport, oil and gas exploitation, tourism[…..]
April 3 – The Ministry of Commerce (MOC) recently issued two guidelines on how domestic and foreign companies can apply for wholesale crude and refined oil licences. According to The People’s Daily, these guidelines are set to bring about de facto market deregulation but analysts say that without reform of the oil-pricing mechanism, new players will[…..]
Pudong International Airport (PVG) ranked as the sixth largest in the world for freight in 2006, handling some 2.16 million ton of cargo according to the Airports Council International. Pudong jumped two spots from last year on a rapid increase, 22.3 percent, of freight flights in 2006. In 2006, the airport handled 35,587 freight flights,[…..]
The National Development and Reform Commission (NDRC) announced that over the next three years, China’s two top energy giants China National Petroleum Corporation (CNPC) and Sinopec will spare no efforts to double output from the Xinjiang Uygur Autonomous Region to 44 million tons of oil, the People’s Daily reported.
Feb. 27 – China is planning to extend its oil and gas pipelines nearly 63 percent by 2010 to meet rising energy demand, according to the nation’s key pipeline builder. Around 25,000 kilometres of energy pipelines will be added according to Su Shifeng, director of the China Petroleum Pipeline Bureau (CPPLB). China currently has 40,000[…..]
With the spreading development of foreign direct investments across China, not only big cities, but also second tiers city have become more concerned about how to make most from the limited land they have. The southern Chinese city of Zhongshan it’s an interesting example in this regard. While the Zhongshan Government has issued a wide[…..]
Nov. 2 – On the islands of Xiao Yangshan and Da Yangshan, some 30 kilometers south of Shanghai, Phase 1 of this major new facility opened in December 2005, with five container ship berths. The port lies at end of the 32.5-kilometer Donghai oversea bridge. It is expected to have a throughput of 3m TEUs[…..]