Basic Industries of China

China's key machinery state-owned enterprises see steady profit growth May 3, 2005 China's 50 key state-owned enterprises (SOEs) in the machinery industry recorded an aggregated profit of 2.41 billion yuan (US$291 million) in the first quarter of this year, up 22 percent from the same period last year. Chinese firms gets investment licenses About 70 Chinese enterprises have so far received licenses to invest in Ethiopia thanks to the country's efforts to attract Chinese investments, Ethiopia's Investment Commission said Monday. Electricity price partially raised since May 1st May 1, 2005 China will raise the electricity prices for industrial and commercial users by 0.3 cents per kilowatt-hour, beginning May 1, to cope with coal prices hike, said the National Development and Reform Commission (NDRC) in Beijing Saturday. China auto industry faces 3 major challenges April 26, 2005 A sluggish market demand and continuous price drops have made China's burgeoning auto industry a hot topic at the annual conference of the Boao Forum for Asia (BFA), according to Sunday's Economic Daily. Power producer reports robust earnings October 24, 2004 Yangtze Power, China's most valuable power producer, reported robust quarterly earnings on Friday, helped by more-than-expected power generation and energy strong demand. Alstom nets deals in power, transport October 13, 2004 French industrial conglomerate Alstom has clinched a package of power and transportation deals worth more than 1.4 billion euros (US$1.68 billion) in the past four days during the visit to China of French President Jacques Chirac. New option adds weight to China Power IPO September 13, 2004 China Power International Holding Co, which is expected to launch an initial public offering in Hong Kong next month, has gained an option to buy a 25 per cent stake in Shanghai Electric Power. Food industry growth strides ahead September 12, 2004 China's food industry, which posted a year-on-year increase of 26.6 per cent in the January-July period, is expected to sustain a rapid and sound growth in the whole of 2004, industrial authorities said on Friday. Fashion industry needs strategy rethink September 12, 2004 A radical shake up is needed among Chinese garment manufacturers if the country is to take a share of the top end market. Ministry to help firms grow stronger September 12, 2004 Despite robust economic growth and some gains of the government-backed "go-global" drive, the international competitiveness of China's industries is still at a "relatively low level," said Vice-Minister of Commerce Ma Xiuhong. Foreign energy giants bid for nuke contracts September 12, 2004 China has yet to decide an exact date for issuing tenders of its four new nuclear power generators, but the winner is at this stage very likely to be either US-based Westinghouse Electric Co Ltd, or French company Areva, or Russian firm AtomStroyExport (ASE). Surge in gold demand expected Updated: 2004-09-06 Annual gold demand on the Chinese mainland is expected to triple in coming years as a result of the ongoing gold market deregulation, according to the World Gold Council. China: Overheating in steel sector under control Updated: 2004-09-02 China's steel sector is rolling on a sound track with overheated investment curbed and steel prices increasing at a "reasonable" pace, according to an industrial leader. China trying to diversify energy supply Updated: 2004-08-31 China is seeking alternate energy supplies in regions where sources other than coal or oil, such as solar or wind power, are possible, said an official Monday. China: west-east gas pipeline nears completion Updated: 2004-08-30 The pipeline project to transfer natural gas from the Tarim Basin in the nation's west across to eastern provinces is nearing completion. China beauty industry turns to men August 29, 2004 Insiders think China's male beauty industry will become a focus of new investment as Chinese men become more interested in their appearance. Mobile phone users hit 310 M Updated: 2004-08-25 Mobile phone subscribers in China increased by 40.3 million to 310 million as of the end of July. Growing energy demand nagging nation Updated: 2004-08-15 Torrid energy consumption is essential if China's miracle economy is going to stay on track, but generating that power will be much too expensive. Alert issued to Beijingers in power shortage Updated: 2004-08-12 Beijingers have been urged to think twice before they use electrical devices, as the capital will be short of power Thursday. China: Gold output expected to hit 210 tons Updated: 2004-08-12 Gold output in the Chinese mainland is expected to reach 210 tons this year, according to an industry organization. Tight control drags down growth pace Updated: 2004-08-11 Growth in China's industrial output slowed down in July thanks to the central government's measures to cool the economy. Industrial production up 15.5 per cent in July August 10, 2004 China's industrial added value rose 15.5 percent year-on-year to 440.9 billion yuan (US$53.3 billion) in July, 0.7 percentage points lower than in June, the National Bureau of Statistics said Tuesday. ADB approves grant for China's road transport industry August 7, 2004 The Asian Development Bank (ADB) has approved a technical assistance (TA) grant of US$500,000 to promote policy reforms in the road transport industry of China. Electricity exchange to ease power shortage Updated: 2004-08-06 China is increasing electricity exchanges across different regional grids to deal with the nation's worst electricity shortage in two decades. Energy Industry China is the world's most populous country and the second largest energy consumer (after the United States). Production and consumption of coal, its dominant fuel, is the highest in the world. Rising oil demand and imports have made China a significant factor in world oil markets. China also surpassed Japan as the world's second-largest petroleum consumer in 2003. Transportation Industry The long-term strategic goal for China's communications and transport development is to build an intellectual, comprehensive communications and transport system with the focus on fast transport of passengers, freights and logistics.