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China to focus on energy restructure in 2010

China would put more emphasis on adjusting its energy structure this year with focus on renewable energy and nuclear power, director of China's National Energy Administration (NEA) said in Beijing Tuesday. Zhang Guobao, also vice-minister of the National Development and Reform ...

China draws up plans for national renewable energy center

China plans to build a national renewable energy center to further support development of the industry, an energy official said yesterday. The center will be responsible for policy-making, key project and program management, market and industrial operations, database and ...

China issues rules on maritime wind energy projects

China has issued regulations on the development and construction of offshore wind power projects in a bid to promote reasonable use of sea space and resources and better protect oceanic environment. The regulations, jointly issued by the National Energy Administration and the ...

China to subsidize public transport operators

China's central budget will provide public transportation operators with subsidies to offset the impact of a hike in oil prices, the Beijing Times reported Tuesday, citing sources with the Ministry of Transport. The Ministry of Transport and the Ministry of Finance have issued ...

China gets tougher about protecting environment

BEIJING - Provincial governments and key enterprises which fail to realize the year's missions in environmental protection and emission cut will be punished as the Chinese central government is taking a tougher stance towards improving the country's environment. "Evaluation ...

China sets on-grid price for 4 solar power stations

China has set the on-grid tariff for four new utility-level solar power stations in northwestern Ningxia region at 1.15 yuan ($0.169) per kilowatt hour (kWh), sharply lower than 4 yuan/kWh that Beijing approved for two pilot projects in 2008. The rate is slightly higher than 1.09 ...

Intelligent power grid online by 2015

Modernized network to save energy, increase reliability and reduce costs BEIJING: Large-scale construction of China's modernized electricity network or smart grid is slated to begin in 2011, according to the nation's power grid operator. The timeline for the comprehensive system ...

China to unveil $739b 'new energy' plan soon

China will soon publish a plan for what it called "newly developing energy industries" that will involve 5 trillion yuan ($739 billion) in investment through 2020, the China Securities Journal reported on Monday. The plan has been approved by the National Development and Reform ...

China may give electric cars, hybrids $15b jump start

China may invest more than 100 billion yuan ($15 billion) in alternative-energy vehicles during the next 10 years to boost the industry, the Shanghai Securities News said. The spending is included in a draft plan for 2011 to 2020 that the Ministry of Industry and Information ...

China may launch environmental tax trial

Three Chinese ministries will soon submit a proposal for an environmental tax on a trial basis, the China Business News reported on Thursday. The tax would be tested in four largely rural provinces, Hubei, Hunan, Jiangxi and Gansu, the newspaper said. The finance ministry, ...

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 seen quickening hydropower approvals: rpt

China is likely to expedite approving hydropower projects from the second half of this year, or face missing its ambitious renewable energy target after cutbacks in the past five years, local media said. Huaneng and Huadian -- parents of Huaneng Power International and Huadian ...

Shanghai to submit alternative energy vehicles subsidy plan

Shanghai will submit a plan to subsidize alternative-energy vehicles this week, the Shanghai Securities News reported today, without saying where it got the information. The subsidy plan may be approved and implemented as early as September, the newspaper said .

WB report highlights public policy's role in emission cuts

A World Bank working paper published online today pointed out that urban transportation public policy could affect a city's CO2 emissions in more ways than one. The paper, based on data available from 1993 to 2006 from 17 Chinese cities, found that increases in energy use and CO2 ...

China may spend $738b on clean energy projects

China may spend about 5 trillion yuan ($738 billion) in the next decade developing cleaner sources of energy to reduce emissions from burning oil and coal, a government official said. The government will submit plans to develop cleaner energy, including nuclear power and gas from ...

China moves to boost energy saving

The Chinese government will adopt stricter measures to boost energy conservation this year to meet the goal set by an important five-year plan, Xie Zhenhua, vice minister of the National Development and Reform Commission, said Wednesday. "It's the last and decisive year for us to ...

More efforts needed to reach energy saving goal:NDRC

BEIJING - China needs to strive harder to reach its goal of energy conservation set by the 11th Five Year Plan (2006-2010), said Li Pumin, spokesman of the National Development and Reform Commission (NDRC). According to the plan, China will cut its per unit GDP energy consumption ...

Sentence upheld in China liquor bribery case

BEIJING - A Chinese court upheld Friday the suspended death sentence issued to the former general manager of the iconic Moutai brand liquor, state media reported. Qiao Hong, 56, had been convicted in January of accepting 13 million yuan ($1.9 million) in bribes and possessing 8.2 ...

Wahaha CEO tops Forbes' mainland rich list

Chinese entrepreneur Zong Qinghou, CEO of eastern Hangzhou's Wahaha Group, is the wealthiest person in the Chinese mainland, according to a rich list released Wednesday by Forbes Magazine. The tycoon, with his $7 billion beverage empire, ranks 103rd in the 2010 world's richest ...

Property tycoon Ren Zhiqiang tops salary list

Ren Zhiqiang, chairman of Hua Yuan Real Estate Group, got the highest salary last year among the 258 listed companies that have disclosed their annual reports as of Monday despite the real estate developer s poorer performance in 2009, reported China Business News. The report, ...

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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