Baosteel Group Corp agreed with Brazilian miner Vale yesterday on a 65-percent price rise for iron ore prices in 2008, the increase already ratified by mills in Japan, South Korea and Europe.
Baosteel also signed a framework agreement on Thursday with China Shipping (Group) Co to set up a marine joint venture to transport iron ore [...]
Baosteel Group Corp., China’s biggest steelmaker, will form a sea-cargo venture with China Shipping Development Co. as the country’s surging demand for iron- ore imports drives up freight rates.
China Shipping, the nation’s biggest oil carrier, will sell six vessels to the venture valued at $285 million, it said in a Shanghai stock exchange statement today. [...]
U.S. and Chinese companies will invest $2.8 billion to recycle coal mine methane to generate electricity through a United Nations program to slow global warming.
The joint venture, announced today by the U.S. Energy Department, will buy 22 generators that will be fueled by naturally occurring methane from the Hebi mines in China’s Henan Province. Each [...]
World Bank Chief Economist and Deputy President Justin Yifu Lin has expressed his optimism about the Chinese economy saying that it will continue to grow at 8-10% in the following 20 to 30 years.
He made the remark in an interview with the Swedish newspaper Svenska Dagbladets economic sector during his participation of a seminar on [...]
Huawei Technologies Co., Ltd, a leader in providing next-generation telecommunications networks for operators worldwide, announced yesterday that its All-IP CDMA solution has been successfully deployed in the commercial network of Tata Indicom (TATA) in India.
TATA selected Huawei’s All-IP based CDMA core network solution and radio access equipment to replace its existing network in Delhi, Kolkata [...]
A high-speed inter-city passenger rail link between Nanjing and Shanghai will break ground in the first half of this year, said Zhang Xiaoling, deputy chief with Jiangsu Provincial Office of Railways.
The project, with total budget about RMB 42.2 billion (US$5.78 billion), has got green light from the National Development and Reform Commission, and both the [...]
