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Qitaihe moves toward recycling economy

Qitaihe, the only pilot city for coal recycling in Heilongjiang, has stepped up efforts to become an important coal chemical and electricity base in the northeastern province. The city plans further development of its coking coal, coal-chemical, electricity and new construction ...

Wal-Mart to invset in China B2C website

The US-based retailer Wal-Mart Stores Inc and five other companies have agreed to invest more than $500 million in 360buy.com, China's biggest business-to-customer (B2C) website, the Chinese company said, The New York Times reported Monday. Richard Liu, 360buy.com's chairman and ...

Car registration limit to vary each year

"Beijing will control the number of registered vehicles next year to 240,000. The number will be decided by each year's traffic capacity from now on," Li Xiaosong, deputy director of Beijing Municipal Commission of Transport said, The Beijing News reported Tuesday. According to ...

Beijing to limit issuance of new car plates to 240,000 annually

BEIJING - The Beijing municipal government says it will limit issuance of new car plates to 240,000 annually in an effort to ease the capital city's traffic jams. Car buyers will have to obtain car plates by drawing lots before they drive their cars on road, said the Beijing ...

Biggest-ever Guangzhou auto show underway

GUANGZHOU - The 8th China (Guangzhou) International Automobile Exhibition, one of China's top three auto shows, is underway in the southern metropolis from Dec 21 to 27. More than 600 carmakers and parts manufacturers registered to participate the exhibition, the largest ...

Fisker Automotive to sell electric cars in China

LOS ANGELES - The California-based premium electric vehicle manufacturer Fisker Automotive is ready to sell its environment-friendly low carbon-emission cars in China next fall, the company announced on Wednesday. Executives from the Fisker Automotive and China Grand Auto(CGA) ...

Green opportunities for storage-battery production

BEIJING - Seeing robust demand from the new-energy automobile industry for energy storage, China's storage-battery companies have strengthened their efforts to innovate in the field of environmental protection technology, trying to maintain sustainable development of the ...

New-energy cars take off in China with government support

HEFEI - Prompted by a series of preferential government policies, Wu Lingyu abandoned her plan to buy a petrol-driven car. She decided to buy a battery-powered one instead. Wu, a 36-year-old white-collar worker in the east China city of Hefei, said she only needs 80,000 yuan ($12...

China's vehicle tax bill draft receives comments from public

BEIJING - China's top legislature has received over 97,000 comments from the public on the draft law on vehicle and vessel taxation, one month after it released the full draft and invited opinions. Members of the public generally acknowledged the draft's significance in helping ...

China's green industry boosts inward investment

BEIJING - Partly as a response to the global climate challenge, China's booming green industry has become the engine that boosts global economic cooperation and encourages investment into the country. "We are vigorously seeking international cooperation in various fields of green ...

Silver Lake invests in Chinese clean tech firm

Private equity firm Silver Lake has invested in a Chinese energy efficiency firm Nobao Renewable Energy Holdings, seizing growth opportunities in China's booming green sector,Reuters reported on Thursday. Silver Lake's investment in Nobao marks the company's first in the Chinese ...

CDB to finance China Three Gorges Co $11b

BEIJING - China Development Bank (CDB) will offer China Three Gorges Corporation (CTGC) more than $11 billion in financial support over the next five years, said the bank on Wednesday. From 2010-2015, a total of 50 billion yuan ($7.2 billion) and $4 billion will be offered to ...

Domestic system for carbon trading

Efforts to reduce greenhouse-gas emissions through domestic cap-and-trade systems have acquired new urgency, as China is set to become the world's largest emitter and energy user in the coming decade. In the absence of a functioning global cap-and-trade system that is widespread ...

Bankers yet to jump on the green bandwagon

As a pioneering entrepreneur in China's environmental protection industry, Wen Yibo is no doubt upbeat about the prospects for his company. But a major hurdle now facing the 44-year-old is how to raise capital for business expansion. "Access to capital is a serious bottleneck ...

China's 1st environmental industry fund established

China's first fund for environmental industry was launched Monday in Beijing, aiming to promote investment in the country's environment-related sectors. The Environment Industry Fund, run by China General Technology Investment Fund Management Corp, is expected to raise 2 billion ...

China Metal Recycling to step up acquisitions

China Metal Recycling Holdings Ltd, the nation's biggest scrap metal recycler, plans to step up domestic acquisitions as the global economic recovery reduces supplies from overseas. The company, which counts Baosteel Group Corp and Jiangsu Shagang Group Co as customers, is ...

Recycling economy in Zhenan pays off

After six years' unswerving endeavor, Zhenan, a county in Shaanxi Province, has yielded remarkable fruits. Its total output value was nearly 3 billion yuan (US$441 million) in 2009, up 85 percent compared with that of 2005. Its per capita disposable income of urban and rural ...

Cronimet Group inaugurates steel recycling plant in Shanghai

SHANGHAI - German steel recycling firm Cronimet Group on Friday inaugurated a plant in Shanghai in a bid to tap into China's potentially huge scrap steel market. The 54,000 sq m warehouse, located in the city's Baoshan district, involves a total investment of 15 million euros. It ...

Beijing bins show recycling awareness

Every time I take out the trash, I am made more aware of the city's growing rubbish crisis. The two rubbish bins - one marked with the Chinese characters "recyclable" and the other "non-recyclable" - are usually brimming with all sorts of rubbish. It appears that not everybody ...

ADB develops new tech to cut China emissions

MANILA: The Asian Development Bank (ADB) will help develop a new technology that will substantially reduce greenhouse gas (GHG) emissions in China, the bank announced on Thursday. ADB will provide a $1.25-million technical assistance to fund the bulk of the $1.55-million project ...

Latest World News

world

Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
CHICAGO -- Chicago held a ceremony Friday at the landmark Daley Civic ...
UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
The first day of the peace conference in Montreux, was marked by ...
Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
Three people have reportedly been killed in Ukraine's capital Kiev ...

market

finance

Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
Financial reform in the China (Shanghai) Pilot Free Trade Zone will ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...

company

industry

China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...

trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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