China Railway Group Ltd, Asia’s biggest builder, will raise spending on tunnel-making machines, factories and other capital projects by 47 percent this year amid a construction boom in the world’s fastest-growing major economy.
Investments will climb to 18.1 billion yuan (US$2.6 billion) from 12.3 billion yuan last year, Vice President Li Jiansheng said yesterday in Hong [...]
Prices for coal exports and imports rose in the first two months of 2008, amid tight supplies, strong demand on world markets and rising domestic regulatory costs.
The General Administration of Customs said yesterday that China exported 8.75 million metric tons of coal for US$630 million, up 13.5 percent and 39.7 percent, respectively, year-on-year.
Tags: coal, Energy, [...]
Leading global carbon asset developer Camco Group has reached an agreement to buy 1 million tons of CO2 emissions from the world’s largest stainless steel producer Taigang Stainless Steel Co by late 2009 under the clean development mechanism (CDM) project.
The London-based Camco, also a selective buyer of carbon credits, didn’t disclose the total deal figure, [...]
China’s foreign trade and overseas investment by domestic companies has continued to grow rapidly despite a congruent increase in trade conflicts, a report released by the Ministry of Commerce said yesterday.
The country’s foreign trade surpassed $2 trillion in 2007, a 23.5 percent increase over the previous year, making China the world’s third largest trader. Overseas [...]
The Ministry of Commerce (MOC) issued an emergency notice here on Wednesday, urging adequate supply of refined oil for rural market in upcoming busy farming season.
Ensuring a stable oil supply in rural areas is of crucial importance in boosting grain production and maintaining smooth economic operation and social stability, the MOC said in its notice.
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Aegon-CNOOC, a life insurance joint venture between Holand’s Aegon NV and China National Offshore Oil Corp, the nation’s largest off-shore oil producer, opened a branch in south China’s Guangdong province, in an effort to further expand in the nation’s costal regions.
It is the sixth branch of the Shanghai-based company, after it set up offices in [...]
