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,[…..]
China’s Minister of Health, Gao Qiang, is encouraging foreign direct investment (FDI) in the health sector according to Xinhua. Foreign investors are being encouraged to open joint venture hospitals in which they can own as much as 70% of the private medical facility. “Foreign invested hospitals will be strictly supervised by the Chinese government but[…..]
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.
By Andy Scott SHANGHAI, Mar. 6 – Asian stocks are rallying for the first time in five days, stemming a worldwide sell-off that wiped US$1.5 trillion from the value of global shares. The downward trend began last Tuesday when the Shanghai stock market dropped over 9 percent. Other Asian markets began to tumble and by[…..]
Guangzhou and Shenzhen Foreign trading companies registered in free trade zones (FTZs) are, in theory, allowed to expand their business scope to enjoy the rights of import/export and distribution in China now widely conducted through foreign invested commercial enterprises (outside FTZs). In practice, however, we have found that some of the FTZs are not implementing[…..]
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[…..]
HANGZHOU, Jan. 29 – At 7:15 p.m. on January 28, 2007, the first CRH (China Railway Highspeed) train left Hangzhou with nearly 700 passengers, arriving in Shanghai 90 minutes later. The new bullet trains, or dong he du in Chinese, use multiple engine-powered carriages alongside non-powered units in order to raise travel speeds. Theoretically, the[…..]