Fish farmer Liu Huaxin would like a loan to grow his business. The extra money would allow Liu to expand his production capacity as well as move into speciality fish products which could help to increase his profits and ultimately improve his standard of living. That is easier said than done in his home of [...]
China isn’t just on the hunt for new resources – it is seeking to build out each part of its oil and gas supply chain, from the downstream refiners, to the upstream exploration and production (E&P) of needed resources. Analysts say that the country has been a quick learner in E&P, significantly boosting its technology [...]
Conscious of limited choice and political strife, China is taking a multi-faceted approach to acquiring overseas oil and gas assets. With US$19.5 billion on offer, Aluminum Corp of China’s investment in Anglo-Australian miner Rio Tinto was poised to become a landmark event in Beijing’s quest for natural resources. But over the course of three months, [...]
Writers and intellectuals in China are calling upon Beijing to release Liu Xiaobo, a civil rights activist who was detained after writing a document calling for civil and political reforms. Liu was one of 300 people to sign the “Charter ’08″ petition, which called for a new constitution, free elections, freedom of speech and an [...]
Shanghai Airlines expects to remain a separate entity and retain its brand after it merges with rival China Eastern, according to statements by Shanghai Airlines Chairman Zhou Chi. Zhou said the government and the airlines are still discussing the merger plans, with a formal plan expected to emerge in early July. The government has been [...]
Beijing is looking to launch a car subsidy program that encourages drivers to replace their old and polluting vehicles. The government is currently asking for feedback on the plan, under which consumers can receive a US$450 to US$900 subsidy against the purchase of a new vehicle if they deliver their old cars to special scrapping [...]
The listed arm of Aluminum Corp of China (Chinalco), known as Chalco, wants to raise up to 10 billion yuan through the placement of up to 1 billion A-shares. Chalco said it would invest approximately 3.7 billion yuan of the proceeds in the Xing Xian alumina project, 2.3 billion yuan in the Chongqing alumina project [...]
Beijing has postponed the deadline for the mandatory installation of internet filtering software known as “Green Dam,” according to China’s state media. The Ministry of Industry and Information Technology (MIIT) said the delay was due to some computer manufacturers saying they needed more time to install the software on their machines. Chambers of commerce and [...]
China’s steelmakers have failed to reach an agreement with major iron ore producers including Rio Tinto and BHP Billiton, but will continue negotiations. The China Iron and Steel Association (CISA), which coordinates iron ore negotiations for Chinese steel mills, had been pushing for ore producers to cut prices by nearly half from last year, arguing [...]
