Other Briefings
Provinces Ordered to Stop Power Discounts to Industrial Users
Mar. 18 – China’s National Development and Reform Commission told local governments to stop giving preferential power discounts to large industrial users as it goes against the national plan to foster energy conservation and revamp industries that have high energy consumption. Local governments, including Inner Mongolia, Yunnan and Ningxia, have implemented various regional tariffs to […]
Antitrust Review of Coke-Huiyuan Deal Due on Friday
Mar. 17 – China’s Commerce Ministry has until Friday to review Coca-Cola Co.’s takeover of China Huiyuan Juice Group although under the anti-monopoly law regulators are allowed to extend the deadline. Commerce Ministry spokesman Yao Jian told WSJ that they were in the second stage of their review of Coca-Cola Co.’s plan to acquire beverage […]
China Industry: Mar. 17
Mar. 17 – This is a regular series of relevant industry news from around China. Solar power Chinese photovoltaic (PV) cells and modules maker Suntech Power Holdings teamed up with U.S. solar project developer 3rd Rock Systems and Technologies to develop an initial 7.2 MW of solar systems in the United States. The US-based company […]
The Chinese are Spending their Way to Recovery
By Christian Fleming SHANGHAI, Mar. 16 – Since the collapse of major financial institutions this past fall, China has been spending a fortune trying to keep their country running smoothly and continue expanding. A large part of this spending has come from the RMB4 trillion stimulus package designed to maintain growth even as world trade […]
China Signs US$3.2 Billion Gas Deal with Iran
Mar. 16 – China has signed a three-year natural gas deal with Iran worth US$3.2 billion to develop the South Pars field underneath the Persian Gulf seabed; said to be the world’s largest natural gas reservoir. The deal comes after the United States announced renewed business sanctions against Iran and highlights how using economic pressure […]
China Industry: Mar. 12
Mar. 12 – This is a regular series of relevant industry news from around China. Wind power U.S. anti-friction bearings maker Timken Company has signed a long-term, multi-year agreement to supply wind turbine gearbox bearings to China-based Nanjing High Speed Gear Manufacturing Co Ltd. Timken will supply tapered and cylindrical roller bearings for use in […]
China Industry: March 9
Mar. 9 – This is a regular series of relevant industry news from around China. Solar power U.S.-based Chinese manufacturer Worldwide Manufacturing USA has filed for eight Chinese patents seeking protection for solar module technology. These patents will address improvements in voltage receiving capacity, production process enhancements, power output increases and design improvements. Chinese solar […]
China to Eventually Abolish Export Tax
Mar. 9 – China will eventually cut export-related taxes to zero and offer financial help for struggling exporters, the commerce minister said in an interview. The Commerce Minister Chen Deming told the Study Times newspaper, the government would “according to international rules steadily restore zero tax rates for export products,” as well as ensure high-energy […]
