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    Macau’s land valuation rules to be revamped

    According to the South China Morning Post, the Macau government will revamp its land valuation criteria, based on a public consultation to be launched in June or July, according to new secretary for transport and public works, Lau Si-io. Mr Lau – who replaced disgraced former minister Ao Man-long, who is facing corruption charges –[…..]

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    PetroChina’s discovery could cut China’s oil imports

    PetroChina has announced that crude oil output from the newly discovered oil field in Bohai Bay could reach 10 million tons a year by 2010-about 200,000 barrels a day or nine percent of the nation’s current oil output. This is good news for China which imported a record 3.3 million barrels of crude a day in[…..]

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    NDRC: Services should dominate economy

    The service sector should play a dominant role in the national economy said Xia Nong, vice director of the National Development and Reform Commission (NDRC) Policy Department at a news conference April 24. The GDP ratio of energy-consuming sectors increased while the service sector, which demands little energy, decreased from 40.7% in 2004, to 39.9% in 2005, and to 39.5%[…..]

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    Lack of due diligence in poisoned medicine

    The need for comprehensive due diligence was made painfully clear this weekend when The New York Times ran a report tracing the path of a toxic syrup from Panama where it lead to a reported 365 deaths, 100 which are confirmed, back to its production facility in the Yangtze River Delta. Walt Bogdanich and Jake[…..]

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    Shanghai Port 2nd in world for TEUs through first quarter

    The Shanghai Daily is reporting that Shanghai Port is now the second biggest port in the world for containers. According to the paper, the port handled 5.89 million TEUs in the first quarter of 2007, an increase of 28.1 percent from 2006. It now ranks second behind only Singapore for throughput of containers. The Yangshan Deep-Water Port,[…..]

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    Guangzhou to inspect over heated real estate market

    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[…..]

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    Marine sector responsible for 10% of GDP in 2006

    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[…..]

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    China’s oil industry inches closer to reform

    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[…..]

Showing 8 of 861 articles