A project aiming to transfer natural gas from southwestern Sichuan province to eastern China is set to be formally put into operation in May, a deputy to the National People’s Congress with China Petrochemical Corporation (Sinopec) told China Daily on Wednesday.
The 1,660-km-long gas pipeline, built and operated by Sinopec with an investment of 62.7 billion [...]
Sichuan Tengzhong Heavy Industrial Machinery Co Ltd (Tengzhong) Thursday announced that it is withdrawing its proposed acquisition of Hummer from General Motors (GM), having been unable to obtain clearance of the transaction from the Chinese regulators within the proposed deal timeframe.
Following talks with GM, both sides have decided to discontinue discussions on the transaction and [...]
Construction on a major hydro project on a tributary of the Yangtze River started Wednesday in southwest China’s Sichuan province.
The Tingzikou Hydro Junction Project on the middle reaches of the Jialing River mainly aims at flood prevention, irrigation, water supply and power generation.
The project was listed among the 18 new key projects in 2009 in [...]
To conform to the new Insurance Law, China Life Insurance Company Limited has performed compliance restructuring of its insurance products. It has upgraded or stopped the sale of some renewable riders and one-year principal products, said a source from the company’s Chengdu branch.
In Chengdu, Sichuan province alone, more than 100,000 customers are affected, according to [...]
Hanlong Mining Investment Pty Limited signed here Monday a subscription agreement with Australia’s Moly Mines Limited to become the controlling shareholder of the Australian company.
Hanlong Mining Investment Pty Limited is an Australian subsidiary company wholly owned by a privately run Chinese corporation — Sichuan Hanlong Group Ltd..
Following a 200 million U.S. dollars’ investment into Moly [...]
China’s relatively poor western regions are to receive 296 billion yuan (about 43.3 billion U.S. dollars) of investment through 551 projects signed Friday with investors from both China and abroad.
Those deals were sealed at the tenth Western China International Economy and Trade Fair in Chengdu, provincial capital of southwest China’s Sichuan Province.
The region has 12 [...]
