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China, Russia reach consensus on bilateral energy cooperation

Visiting Chinese Vice Premier Wang Qishan met with his Russian counterpart Igor Sechin in St. Petersburg on Monday, exchanging views on Sino-Russian bilateral energy cooperation and reaching consensus on further development. Wang spoke highly of bilateral energy cooperation ...

China's energy price to face 2 embarrassments

At present, China' s energy price level is lower, however, the upward trend in the future will make the Chinese government face two embarrassments while it draws up the energy price, Li Ying, the chief economist of energy institute of the State Grid said. According to Li' s ...

Profit of Chinese SOEs up 44.8 pct yoy in first 10 months

The combined profits of China's state-owned enterprises (SOEs) increased 44.8 percent year on year in the first ten months, the Ministry of Finance (MOF) said Friday. Combined profits of China's central and provincial SOEs hit 1.626 trillion yuan (245 billion U.S. dollars) in the ...

China stocks drop after fuel price increase adds inflationary worries

Chinese equities closed lower on Wednesday as the benchmark Shanghai Composite Index dropped 0.9 percent, or 26.21 points, to close at 2,877.9 points. The Shenzhen Component Index lost 0.82 percent, or 105.49 points, to close at 12,766.95 points. Combined turnover shrank to 239...

China to spend 30 bln yuan exploring for domestic mineral deposits next 5 years: official

China will spend 30 billion yuan (4.48 billion U.S. dollars) over the next five years to explore for mineral deposits to cut its reliance on imported mineral products, a resources official said Sunday. China will launch the mineral exploration project in 21 provinces, said Wang ...

Import growth outpaces China's exports in Oct

China's exports rose 22.9 percent in October from a year earlier, while imports increased 25.3 percent, the General Administration of Customs said Wednesday. China's trade surplus expanded to $27.1 billion last month, compared with $16.88 billion in September, making the October ...

Consumer prices rise 4.4%, yuan hits record high

Inflation has come back at a ferocity unseen in more than two years, ominous for the government's efforts to rein in price rises and placate a blistering mass upset with a growing income gap. China's currency, the yuan, rose in value on Thursday as the central bank set the mid...

China may face more inflation pressure in 2011: analyst

China was expected to face more inflation pressure in 2011 because of rising costs of food, raw materials and labor, said Sheng Hongqing, analyst with the China Everbright Bank. Sheng expected the growth in China's consumer price index (CPI), a main gauge of inflation, to average ...

Western China's status as national energy hub to continue its consolidation

The western China is the crucial energy output area across China. According to statistics, in the past ten years, the power carrying capacity of West-East electricity transmission project reached 63.18 million kw. The commercial amount of transmitted natural gas of the West-East ...

Excises to be exempted for product oil producers

Ministry of Finance and State Administration of Taxation jointly issued a notice recently, claiming that excises will be exempted for product oil producers that produce oil for themselves. This notice formulated that firstly, since January 1, 2009, in the process of producing ...

Chinese oil imports tumble

China's crude imports last month fell 15% from a year ago to the lowest level since April, as oil companies drew on stocks following record imports in September. China, the world's second-largest crude buyer, brought in 3.86 million barrels per day last month, and imports for the ...

China to maintain rare earth exports next year: minister

Chinese Commerce Minister Chen Deming said on Friday that China will maintain its exports of rare earths in 2011, denying reports that China would significantly reduce its export quotas. At a signing ceremony of cooperation agreements with France, Chen said China has shut down or ...

Chinese industrial value-added output to grow 13.5% this year: minister

China's industrial value-added output is expected to expand at least 13.5 percent year on year in 2010, Li Yizhong, Minister of Industry and Information Technology, said Saturday. China's industrial sector has returned to stable growth after overcoming the global financial crisis...

NEA set restrictive goal for energy consumption in 12th FYP

Chang Jiangbing, the deputy director of Development and Planning Division of NEA (National Energy Administration) stated on October 30 that by 2015, China' s one-stage energy consumption will be controlled within 4 billion tons of standard coals to 4.2 billion tons of standard ...

China's October PMI of manufacturing rises to 54.7%

The Purchasing Managers Index (PMI) of China's manufacturing sector rises to 54.7 percent in October, up 0.9 percentage points from last month, the China Federation of Logistics and Purchasing (CFLP) said Monday. The figure marked the 20th straight month that the index was above ...

China May Establish Carbon Trading by 2013, Climate Exchange's Sandor Says

China, the world s biggest energy consuming nation, may have a carbon trading system in place as soon as 2013, said Richard Sandor, one of the pioneers of the carbon credit market. A cap-and-trade market in China may be in place by 2020 and could be functioning by 2013 to 2015, ...

CNOOC bid for Kosmos fails

China's largest offshore oil producer Cnooc Ltd and State-owned Ghana National Petroleum's $5 billion joint bid to buy US-based Kosmos Energy LLC's stake in one of Africa's most promising oil regions has been aborted, a GNPC official was quoted by the Wall Street Journal as ...

Guangzhou's New Television Tower to Shine in March

The testing of the nightscape illuminating system for Guangzhou's new television tower will be completed by the end of February. The lighting system will become operational in March and the tower is expected to open to the public on June 1. The tower will feature a "space shot" ...

Rise in energy demand likely to slacken

Growth in energy demand is set to slow further in the final quarter of this year in China, but the gas market could be tight this winter. The National Energy Administration yesterday said growth in energy use may slow further this quarter after easing in the July-September ...

New Regulation: Public Services Decision Should be Heard by Citizens

Guangzhou Daily reported today that from now on, any alteration to the pricing mechanism for public services must be reported to Guangzhou's People's Congress (CPC) Standing Committee for approval. This move was implemented on January 1st 2010 and is aimed at pushing for ...
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