Other Briefings
Review: Beijing Capital Airport’s Terminal Three
BEIJING, April 9 – Beijing Capital Airport’s new Terminal Three opened to passenger traffic on March 26. Designed by Sir Norman Foster’s architectural practice Foster & Partners, the Dutch airport planners NACO and engineered by Arup, the new terminal is expected to handle the massive increase in passengers expected for the 2008 Olympics and China’s […]
China rolls out 3G mobile network for trials
April 3 – After years of delays and unsatisfactory results, China finally rolled out its home-grown 3G or third generation mobile phone network on Tuesday. Technically tagged TD-SCDMA (Time-Division-Synchronous Division Multiple Access), the network was released in eight major cities – Beijing, Shanghai, Guangzhou, Shenzhen, Shenyang, Qinhuangdao, Tianjin, and Xiamen by State-owned China Mobile to […]
China processes more crude to meet growing demand
Mar. 31 – China processed more crude oil in the first two months of 2008 to ease supply shortages throughout the country. China processed 55.81 million tons of crude oil in January and February, a 7.4 percent increase from the same period last year the National Development and Reform Commission said on Friday. Output of gasoline and diesel surged 4.1 […]
Logistics industry posts 20 percent growth in added value for 2007
Mar. 31 – China’s logistics sector realized RMB1.7 trillion in added value last year, a growth of 20.3 percent on the previous year, according to the National Development and Reform Commission. The growth rate was 5.2 percentage points higher than the year-earlier level. The added value accounted for 17.6 percent of the total added value […]
Report: Land prices to rise slower in 2008
Mar. 28 – Land prices in China will rise more slowly this year than in 2007 according to a report from the China Land Surveying and Planning Institute. The institute, a division of the Ministry of Land and Resources forecasts that measures to curb property prices will begin to take effect, slowing growth in the […]
Hainan Airlines 2007 profits nearly quadruple
SHANGHAI, Mar. 26 – Hainan Airlines net profits nearly quadrupled in 2007, thanks to a booming domestic industry and a stronger Chinese currency. The company, China’s forth largest carrier, posted a net income of RMB651.4 million, up from RMB166.8 million in 2006 it said in a statement to the Shanghai Stock Exchange. The Haikou-based carrier’s […]
China increases output target of largest domestic oilfield
By Andy Scott Mar. 24 – China’s largest oilfield, Daqing, increased its setimated output target to 40 million tons annually in the coming decade. The Daqing oilfield produced 41.7 million tones of oil in 2007, slightly above the target of 41.62 million tons Xinhua reported. The oilfield’s change in output target is related to China’s rising […]
BASF plans US$900 million expansion project in Nanjing
Mar. 24 – China’s largest oil refiner Sinopec and Germany-based BASF officially submitted a planned US$900 million project extension at its joint venture in Nanjing for review by the Chinese authorities on March 19. The project, enlarging the annual production volumes of ethylene pyrolysis at Yangtsi-BASF from 600,000 tons to 750,000 tons, represents BASF’s largest petrochemical […]
