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China Feb. electricity consumption up 15.82% on year

China's power consumption in February rose 15.82 percent from a year earlier to 313.6 billion kilowatt-hours (kwh), the National Energy Administration (NEA) said on Tuesday. Electricity use in the first two months this year rose 12.32 percent year on year to 702.5 billion kwh. In ...

China Feb electricity consumption up 15.82%

China's power consumption in February rose 15.82 percent from a year earlier to 313.6 billion kilowatt-hours (kWh), the National Energy Administration (NEA) said on Tuesday. Electricity use in the first two months this year rose 12.32 percent year on year to 702.5 billion kWh. In ...

China Plans Qian River Hydropower Dam in Guangxi Region

China plans to build a hydropower dam downstream of Qian River in the region of Guangxi, with designed installed capacity of 1.6 million kilowatts, the National Development and Reform Commission said today. The investment of the project is about 28 billion yuan based on an ...

Huaneng Power completes RMB 10.38-bln rights issue

Huaneng Power International Inc<600011><0902><HNP>, China's largest publicly-traded power company, yesterday announced that it has raised RMB 10.38 billion from the A-share and H-share rights issue and the fundraising size became the largest one so far among the listed domestic ...

Henan short on power

Central China's Henan Province has experienced power shortages of nearly 4 gigawatts (GW), 10 percent more than expected, and the shortfall could worsen as demand peaks and if coal transport is interrupted by bad weather, the local grid operator said Friday. Henan Grid issued an ...

Domestic demand, balanced growth prioritized in China's next five-year plan

China will stick to the strategy of expanding domestic demand, consumption in particular, and seek a new phase of economic growth boosted by consumption, investment and exports, according to an official document released Wednesday. The document, the Communist Party of China (CPC) ...

Chinese vice premier stresses industrial structure upgrading

Chinese Vice Premier Li Keqiang has stressed the importance of industrial structure upgrading through reforms and innovation in line with scientific development and requirements from accelerating economic growth mode transformation. Li made the remarks while visiting Xi'an, ...

CNOOC 3rd quarter oil, gas output up 48.8%

China National Offshore Oil Company Limited (CNOOC) said Thursday its third-quarter oil and gas output rose 48.8 percent year on year to 88.7 million barrels of oil equivalent (BOE). The company attributed the production growth to the ramping up of production from projects that ...

China industrial profits up 53.5% in first 9 months

Chinese industrial profits rose 53.5percent year on year in the first nine months of 2010, the National Bureau of Statistics (NBS) said Thursday. That growth rate was 2.8 percentage points lower than that in the first eight months. Profits at Chinese industrial enterprises whose ...

PetroChina sees profit up 23 pct by Q3

PetroChina Company Limited (PetroChina), China's largest oil and gas producer, reported Wednesday that net profits surged 23 percent year on year in the first nine months. Net profit totaled 100.03 billion yuan (14.93 billion U.S. dollars) and earnings per share stood at 0.55 ...

Low-carbon technology to be new contributor to economic growth

Zhang Yousheng, director of energy economy and strategic research center for NDRC (National Development and Research Committee)' s Energy Institute, said at the 5th China International Energy Strategy Forum on October 27 that the low-carbon era is coming. In the 12th five-year...

China's natural gas output in 2010 to hit 95 bln cm3

According to Dow Jones news on October 25, NEA (National Energy Administration) stated on October 25 that it' s estimated that this year China' s natural gas annual output will reach 95 billion cm3. Meanwhile NEA said that in 2010 China will import 12 billion cm3 LNG and 4 ...

China to impose anti-dumping duties on methanol

China's Ministry of Commerce (MOC) said on Monday it would levy provisional anti-dumping duties of up to 37.5 percent on methanol imported from Indonesia, Malaysia and New Zealand. After a preliminary investigation, the MOC found the three countries had dumped methanol onto the ...

China's energy demand growth to ease in Q4

Energy demand growth in China in the fourth quarter is expected to slow as governments step up efforts to save energy and cut emissions, National Energy Administration official Wang Siqiang said Monday. Growth in energy demand eased in the third quarter on government curbs, Wang ...

Central SOEs report 55% increase in net profits

China's centrally-administered State-owned enterprises (SOEs) reported a 55-percent rise year-on-year in combined net profits in the first nine months, the SOE authority announced Thursday. Net profits of central SOEs totalled 641.65 billion yuan ($96.6 billion) from January to ...

Profits of China's SOEs up 46% in 1st 9 months: figures

Profits of China's state-owned enterprises (SOEs) hit 1.44 trillion yuan (216.4 billion U.S. dollars) in the first nine months, up 46.2 percent year on year, figures released Tuesday by the Ministry of Finance show. Business revenue totaled 21.9 trillion yuan in the period, up 35...

Vice premier urges accelerating industrialization, urbanization

Chinese Vice Premier Li Keqiang has urged the speeding up of industrialization, urbanization and agricultural modernization in the country, repeating the importance of the economic development mode transformation. Li made the remarks during his inspection tour of Nanyang City, ...

China's GDP to grow about 9 pct next year as challenges remain: scholar

China's gross domestic product (GDP) will grow about 9 percent next year, but the economy will be challenged by rising labor costs, liquidity problems and difficulty in sustaining rapid growth in the long run, a senior researcher at the country's top think-tank said Saturday. Liu ...

China sets growth goal for new strategic industries

China announced Monday plans to develop new strategic industries, saying the value-added output of the new strategic industries would account for 8 percent of the country's gross domestic product (GDP) by 2015. The industries include alternative energy, biotechnology, new...

China crude inventories fall

China's commercial crude inventories fell for a third consecutive month in November, as refiners tapped stockpiles to feed plants operating at capacity to fend off a domestic diesel shortage. Data from a newsletter run by the official Xinhua News Agency showed that commercial ...
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