Ten storage facilities to hold 22.4b cu m of the clean fuel
China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, plans to build 10 natural gas storage facilities between 2011 and 2015 to stockpile the fuel in the face of rising demand, said a company executive.
The 10 storage sites will be able [...]
On the steppes of north China’s Inner Mongolia Autonomous Region, herdsman Cao Zhenglong sits and enjoys the Spring Festival TV gala on a LCD screen. He doesn’t worry about the electricity he is using, assured in the knowledge his electricity generator can turn both wind and solar energy into electricity.
“With the new wind-solar generator installed [...]
China’s fast-growing rural market is fuelling the country’s economy with record growth in 2009, driven by farmers’ rising incomes and a slew of stimulus policies.
Growth in rural consumption expanded around 15.5 percent in 2009 and outpaced that in urban areas (15.2 percent) for the first time, said the Ministry of Commerce on Friday.
The total amount [...]
A cold wave across much of China since Saturday has brought heavy snow to major cities in the north, causing a surge in fuel demand and traffic chaos on roads and at airports.
As the cold front moved southeastward, Hangzhou city in Zhejiang province began rationing gas supplies for industrial users.
As the maximum temperature on Tuesday [...]
European fashion retailers are accelerating business expansion in China thanks to the nation’s increasing number of fashion-conscious consumers.
Two companies that opened new outlets in China at a rapid pace this year included Sweden’s H&M and Spain’s Zara, both retailers of clothing and accessories for adults and youth.
Tags: Consumer Goods, Fuel, Retail
Situ Yu, a 28-year-old Beijing resident, often chooses public transportation nowadays, although she bought a Ford Focus in 2007.
“The gasoline price is so expensive now. I have to tighten my belt,” she said, adding that she has to pay around 1,000 yuan ($146.5) to buy fuel every month.
“The price was going up too quickly this [...]
