Archive for the 'China Trade News' Category

Subsidy plan likely for private electronic cars

The details of a plan to subsidize private purchases of electronic motor cars will be released after the “two conferences,” Miao Wei, vice-minister of Industry and Information Technology and deputy to the National People’s Congress disclosed on Saturday, the Beijing Youth Daily reported.
In the near future, Beijing residents will have the chance to purchase electronic [...]

China Southern plans $1.57b share placement

China Southern Airlines Co, the country’s largest carrier, said it planned to raise no more than 10.75 billion yuan ($1.57 billion) through private issue of Shanghai and Hong Kong-listed shares.
The sale of shares was to improve the company’s capacities to cope with possible risks, according to company’s statement filed to the Shanghai Stock Exchange Monday.

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AVIC to develop new energy in northeast

Aviation Industry Corporation of China will invest 3.3 billion yuan ($483.9 million) to develop new energy enterprises in China’s northeast, the company said Monday.
The State-owned company said it would build wind power stations of 200,000 kilowatts (kW), natural gas power stations of 100,000 kW and solar power stations of 40,000 kW installed capacity in the [...]

China plans to buy 218 planes this year

China plans to buy 218 aircraft this year to meet the increasing demand, a senior official said on Sunday.
The new orders will include jumbo jets and regional aircraft, said Li Jiaxiang, director of the Civil Aviation Administration of China (CAAC).
China would expect 700 million passenger trips a year by 2020, and the number is likely [...]

China starts building railway into “sea of death”

China began Wednesday to build a railway over the Lop Nur, a former lake that is known as “the sea of death,” in northwestern Xinjiang Uygur Autonomous Region.
Construction workers began building a 3-km railway bridge in Nanhu town of Hami City, the starting point of the 370-km railroad, sources with China Railway Group Co. Ltd., [...]

Statistics bureau to convene on property price

A statistical working conference on the property prices in 10 Chinese cities, including Beijing, Tianjin and Shenyang, will be held in the Beijing Friday afternoon, said Ma Jiantang, chief of the National Bureau of Statistics, on the sidelines of a national congress.
Attendees to the meeting, which will focus on how to improve data collecting in [...]

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