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QINGDAO: China would need 200 billion cubic meters of natural gas in 2015, doubling the 2008 level, Liu Xiaoli, a senior researcher at the energy research institute under the National Development and Reform Commission, predicted Monday. The nation's annual demand for the clean energy will grow to 300 billion cu m by 2020, according to Liu. Between 2000...
China's tile market will be more competitive as a new French brand elbows its way into the industry. At today's Build Expo, French Art Code, a deluxe tile brand, made a debut, showing its firm confidence to compete with its competitors on the Chinese market. "China has formed a high-end tile market as people's living standard improves, which calls fo...
Lender may consider raising funds in Hong Kong, Shanghai markets BEIJING - China Construction Bank (CCB), the nation's second-largest lender, may consider raising funds in Hong Kong and Shanghai this year to bolster its financial strength, but details of the fundraising plan are still under discussion, its president said on Monday. "We had a thorough d...
Asia's biggest refiner China Petroleum & Chemical Corp (Sinopec) will buy more overseas gas and oil assets from its parent, Shanghai Securities News reported Tuesday, citing Sinopec Chairman Su Shulin. Sinopec announced its first acquisition of a 50-percent stake in an Angolan field from its parent, China Petrochemical Corp. The Angolan block is the ...
PetroChina Co plans to spend at least $60 billion in the next decade on overseas acquisitions, challenging Exxon Mobil Corp and BP Plc in the race to control oil and gas fields. "Ten years ago, PetroChina was a State-owned oil company, but now we have a goal of becoming an international, integrated energy company," Jiang Jiemin, chairman of the world's l...
Chinese demand for gold is set to double in tonnage terms within ten years, according to a report released by the World Gold Council (WGC) in Beijing Monday. The report titled "Gold in the Year of the Tiger" is the first-ever report of China's gold market by the London-based organization. It was released in Beijing, London and New York at the same time. ...
SHANGHAI: Four defendants in the Rio Tinto case, including Australian national Stern Hu, got jail terms from seven to 14 years for bribery and infringing upon commercial secrets, court sources said Monday. The verdict was handed down by the Shanghai No 1 Intermediate People's Court. Source: Biz China
China's power industry has again reported losses in February, an official said at a meeting held Saturday, Monday's China Securities Journal reported. Liu Nanchang, director of the Bureau of General Affairs with State-owned Assets Supervision and Administration Commission (SASAC), warned that most central enterprises in the power industry have a debt ra...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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