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Solar power may as cheap as electricity from coal in a decade

China may make solar power as cheap as electricity produced from coal in about a decade as the country accelerates the development of cleaner energy to cut emissions. The country's solar-power tariffs may fall to between 0.6 yuan (9 cents) and 0.8 yuan a kilowatt-hour by 2020 as ...

China's Shougang halts operations in Beijing

China's major steelmaker Shougang said it plans to halt its main steelmaking operations in the Shijingshan district of Beijing by Dec 31, Reuters reported. The main facilities include ironmaking workshops, coking plants, steelmaking workshops and high-speed wire rod mills, which ...

Arduous works ahead to cut gas emission

CANCUN, MEXICO - China and the United States face "arduous works ahead" in reducing greenhouse gas emissions, a leading Chinese energy expert said. But the two countries have great potential to extend energy technology collaboration, said He Jiankun, director of a low carbon ...

New plan targets more pollutants

Beijing - China plans to introduce ambitious new targets for the reduction of major pollutants in the upcoming 12th Five-Year Plan (2011-15) as the nation strives to realize its green goals, a senior official said. Two new pollution indicators, nitrogen oxide - which is mainly ...

China becomes global leader in clean energy: study

CANBERRA - China has become a leader in clean energy efforts, outstripping the United States and Japan, and leaving Australia lagging far behind, a study commissioned by the Australia's Climate Institute showed on Tuesday. Global research unveiled countries including Britain, ...

Developers plans green overhaul of construction industry

Several real estate developers led by Wang Shi, Chairman of China Vanke Inc called for a green overhaul of construction industry on Tuesday on the sideline of the the UN Climate Change Conference. The urban expansion and housing boom in the past 30 years have caused excessive use ...

ChemChina buys control of Israeli agri-chemicals maker

China National Chemical Corp (ChemChina) offered to buy a controlling stake in Makhteshim-Agan Industries Ltd, the largest maker of generic agricultural chemicals, in a deal valuing the Israeli company at $2.4 billion, Bloomberg News reported Wednesday. ChemChina agreed 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 ...

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 ...

Industry meltdown possible if miners stick to price hike

BEIJING - Chinese steel mills have expressed their reluctance to accept iron ore prices of potentially $160 per ton proposed by Vale and BHP in the third quarter, saying that the price hike will create carnage in the nation's steel industry. "BHP has recently informed us that ...

Severe overcapacity in China's stainless steel industry

China's stainless steel industry is facing severe overcapacity due to sluggish demand and lack of high-end product manufacturers, the China Business Daily reported Monday. China's stainless steel industry boasts an annual capacity of 15 million tons, but the actual output is less ...

Steelmakers to see new low in profits in July

Chinese steelmakers are likely to see a new low in profits in July amid rising iron ore prices and falling steel prices, the Economic Information Daily reported, citing a steel association official. The official also said that steelmakers will face greater cost pressure in the ...

BASF breaks ground for Shanghai innovation park

SHANGHAI - BASF, the world's leading chemical company, announced the groundbreaking for a new innovation technology park on Monday as it expands in China and the Asia-Pacific region. The new innovation park will open in the first half of 2012 in the Pudong New Area of Shanghai, ...

Wuhan Steel lifts Jan price for steel products

SHANGHAI - Wuhan Steel, a leading Chinese steelmaker, will increase prices of its major steel products by 100-150 yuan ($15) per ton in January, indicating its positive outlook on demand, Reuters reported Friday. The country's third-largest steel mill will increase hot-rolled ...

Baosteel may buy into EU peers

China's largest steel maker Baosteel Group has prepared 5 to 10 billion euros ($6.76 to $13.52 billion) to cooperate with or buy into one of the two candidate stainless steel makers in Europe, sources told the 21st Century Business Herald yesterday. The two targeted companies are ...

Majority stake in Okay Airways changes hands

TIANJIN: The majority shareholder of Okay Airways Co, China's first private airline, has changed ownership after a private logistics company took a 71.4-percent stake of the shareholder, the airline said Thursday. Wang Shusheng, chairman of Tianjin Datian W Group Co, has taken ...

Laiwu Steel 2009 profit down 63%

Laiwu Steel Group, China's seventh biggest steel maker by output, announced Thursday its net profit in 2009 plunged 63 percent year-on-year to 96.9 million yuan ($14.1 million). The decline was due to steel price fluctuations last year caused by the economic downturn, the company ...

Qingdao Port to shift strategy

BEIJING: Qingdao Port, the seventh-largest port in the world, is gearing up to tweak its business strategy to focus more on the import side, said Chang Dechuan, president of the port. The State-owned port is likely to reduce the momentum on its more export-oriented container ...

Angang to form JV with US mill

BEIJING - Anshan Iron and Steel Group Corp (Angang), China's fourth-largest steelmaker, said on Monday that it has signed a memorandum of understanding (MOU) with US mill Steel Development Company (SDC) to gain a stake in SDC's deformed steel bar plant, making it the first ...

Appeals of Rio Tinto case defendants rejected

SHANGHAI - A Shanghai court Monday upheld the convictions and sentences of three men jailed on corruption and commercial espionage charges involving the Rio Tinto mining company. The Higher People's Court of Shanghai rejected the appeals by Wang Yong, Ge Minqiang and Liu Caikui, ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

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 ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
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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