Monthly Archives: June 2017

China’s farm produce prices rise slightly

Farm produce prices in 36 major Chinese cities rose slightly in the week ending Jan. 5 compared with the previous week, according to Ministry of Commerce statistics on Tuesday.Average wholesale prices of 18 kinds of vegetables rose 2.9 percent from a week earlier, while the costs of bitter gourds and eggplants increased 10.7 percent and 8.5 percent respectively.The prices of grain and oil rose slightly, with soybean oil increasing 0.1 percent.The price of eggs rose 0.3 percent while the average wholesale cost of aquatic products dropped 0.1 percent.The cost of beef went up 0.2 percent, while pork prices dropped 0.8 percent compared with the previous week.Food accounts for about one-third of China’s consumer price index (CPI), a main gauge of inflation.The CPI grew 3 percent year on year in November, down from 3.2 percent in October, according to the National Bureau of Statistics.

China launches first mobile telecom satellite

The Tiantong-01 satellite was launched at 00:22 am Beijing Time, at southwestern China’s Xichang Satellite Launch Center, with the Long March-3B carrier rocket. XICHANG, Sichuan — China on early Saturday successfully launched the first satellite for mobile telecommunication. The Tiantong-01 satellite was launched at 00:22 am Beijing Time, at Southwestern China’s Xichang Satellite Launch Center, with the Long March-3B carrier rocket. It is the first satellite of China’s home-made satellite mobile telecom system, and a key part of the country’s space information infrastructure. More geostationary satellites will be sent into orbit for the system. Tiantong-01 was designed by China Academy of Space Technology and its ground service will be operated by China Telecom. It will establish a mobile network with ground facilities, providing services for China, the Middle East, Africa and other areas. The Long March-3B carrier rocket was produced by China Academy of Launch Vehicle Technology. It was the 232nd flight of the Long March series carrier rockets, and the 36th launch of the Long March-3B.

State auto company invests heavily to drive sales

CHONGQING — State-owned auto company Chang’an AutoMobile Group will pump 30 billion yuan ($4.7 billion) in the next five years into the brand’s research and development as it seeks to boost sales amid a sluggish car market.The group will allocate at least 5 percent of its annual turnover to R&D each year, which will amount to 30 billion yuan from 2016 to 2020, Chang’an vice president Li Wei said at an ongoing exhibition in the southwestern municipality of Chongqing.It also aims to train more than 10,000 technicians in the next five years, Li added.China’s auto sector, which experienced years of explosive growth, saw sales up by a mere 1.4 percent year on year in the first half of 2015, with about 12 million vehicles sold, according to the China Association of Automobile Manufacturers. Industry insiders predict this year’s growth to be a tepid 3 percent instead of the expected 7 percent.But Chang’an sold 751,000 vehicles from Jan to Sept, up 32.1 percent year on year and 11.4 percent higher than the industry average.Chang’an president Zhu Huarong attributed its solid sales on technology.

Environmental court opens in NW China province

XINING – A special court for environmental cases has been established in northwest China’s Qinghai province to provide legal service for environmental protection work in the Sanjiangyuan area.The Sanjiangyuan environmental court, affiliated with the Yushu City People’s Court, was approved by the Higher People’s Court in Qinghai province and was established on Tuesday, according to the government of the Tibetan prefecture of Yushu.The court hired six people to handle environmental protection cases and civil suites related to pollution prevention and environmental damage in the area.Sanjiangyuan literally means “the source of three rivers,” referring to the Yangtze, Yellow, and Lancang (Mekong) rivers. The ecology in the area has degraded due to human activities such as overgrazing.The environmental court is the first such specialized judiciary organ in the province, said Man Zhifang, vice president of the Higher People’s Court in Qinghai province.Planning began on a national park in the area last year, aiming to protect the headwaters of the three rivers. It is expected to officially open in 2020.

Rural buildings resemble famous painting

The resettlement houses for local villagers at Dongziguang village, Fuyang district in Hangzhou city, East China’s Zhejiang province. Photos of an East Chinese village have caught the attention of Twitter-like Sina Weibo users who have marvelled at the resemblance to scenes from China’s renowned painter Wu Guanzhong’s artwork.Villagers have been resettled in the new homes built on fields in the south of Dongziguang village in Tangkou town, Fuyang district in East China’s Hangzhou city because there was not enough space in the existing village.”Given there are 80 historical buildings, dated from late Ming Dynasty (1368-1644) and early Qing Dynasty (1644-1911) in the village, the local government decided to retain the traditional look of the village while meeting residents’ demand to renovate old houses,” Zhang Mingcheng, who is in charge of the urban construction management office at Tangkou town, said.Officially started in May, 2014, the buildings were completed in August, 2016. The village is reported to be planning more of the same kind of buildings in the future.Previous Page 1 2 3 4 5 6 7 8 9 10 Next Page >>|

UK explores free trade deal with China

Britain’s Chancellor of the Exchequer, Philip Hammond attends UK-China High Level Financial Services Roundtable at the Bank of China head office building in Beijing, July 22, 2016.UK has begun discussing ways to reach a free trade deal with the world’s second-largest economy, British Chancellor of the Exchequer Philip Hammond said.It will be the first time that the UK has embarked on such a major project with China, and could see greater access for major Chinese banks and businesses to the UK economy.Despite the short-term economic shock from leaving the European Union, it was time to explore “new opportunities” across the world, including with China, one of the UK’s biggest inward investors, Hammond said during an interview with BBC.Hammond said that Britain is keen to do a free trade deal with China.In return for greater access to the UK for its manufactured products and investment, China would reduce barriers to Britain’s service industries such as banking and insurance as well as UK goods.That would be an important source of export income for Britain.As Britain leaves the European Union and is not bound by the rules of the European Union, perhaps it will be easier for countries like China that are outside the European Union to do business with Britain in the future, Hammond added.Agencies contributed to this story.

China delivers warship to Algeria

A C28A-class corvetteChina delivered a stealth corvette to the Algerian Navy last week, marking a new high in the nation’s export of military ships. The C28A-class guided missile corvette was commissioned by the Algerian Navy on July 12 at a port of Hudong-Zhonghua Shipbuilding Group in Shanghai, becoming the third of its kind in the African country’s Navy. The C28A-class corvette represents the highest technological level of China’s export warship, China Ship News reported, quoting shipbuilding sources as saying it has the best combat capability and is very competitive on the international market. With a displacement of 3,000 metric tons, the 120-meter-long corvette can conduct offshore defense operations and long-distance combat tasks. It is larger than previous warships China has sold to foreign nations, has new equipment, a stealth design and a higher level of automation, sources told the newspaper. It has a cruise speed of about 30 km/h and an operational range of nearly 10,000 km, according to the report. The C28A-class corvette, was designed by the Marine Design and Research Institute under China State Shipbuilding Corp. In 2011, it defeated 10 competitors from eight countries for the Algerian Navy contract for three corvettes. The first C28A was delivered in September 2015 and the second this January. Wu Qiang, general manager of China State Shipbuilding Corp, the parent company of the Hudong-Zhonghua, told China National Radio at the commissioning ceremony that the ship is a symbol of China’s achievement. “In the past, naval ships we sold to other countries mostly used foreign-developed weapons, but all of the weapons and radar installed on three C28As, including anti-ship and anti-aircraft missiles, torpedoes and naval guns, are domestically developed,” he said. “The results of these C28A ships’ tests are very satisfactory, and our clients are happy with their performance.” Ren Yi, chief designer of the C28A, was quoted by China Central Television as saying that the ship can perform reconnaissance, aircraft and missile defense, anti-ship and anti-submarine operations, as well as maritime humanitarian missions. Gao Zhuo, a military observer in Beijing, told China Daily that China’s new-generation naval vessels are reliable, have outstanding combat capabilities and are attractive in terms of price and operational costs, making them good choices for developing nations.

China’s domestic animated films see 78.6% box-office surge: report

A scene from Monkey King: Hero is Back. Domestic animated films screened in China generated more than 2 billion yuan (around $300 million) in 2015, posting growth of 78.6 percent from the previous year, according to a report released Wednesday at the 12th China International Cartoon & Animation Festival in the eastern city of Hangzhou.A total of 57 animations were screened in China, including 43 domestic productions, and ticket sales amounted 4.4 billion yuan, up 45 percent year on year, according to the report on China’s animated film industry.Monkey King: Hero Is Back, which made a record 950 million yuan, topped China’s domestic film box office chart.Fourteen foreign animations were screened in China last year, or one fourth of the total number. However, they pulled in 2.4 billion yuan, more than half of the box office revenue for animated movies.There were 33,700 screens across China by the first quarter of this year. This year is regarded as important time for China’s film industry, especially for animations, with box office revenue expected to surpass 6 billion yuan, according to the report.Related:Animators urged to do more for Chinese box office The Jungle Book gets second week box office win in China

China mulls 20 floating reactor platforms to aid oil drilling

Offshore oil drilling demand will keep growing in the next five years, with a market value of 100 billion yuan.First nuclear plant is being constructed in the coastal city of Huludao in Liaoning China is planning to build about 20 floating reactor platforms to meet the demand of maritime atomic propulsion, driving a market that could be worth tens of billions of dollars, a report said on Thursday.The country’s first-ever floating nuclear plant is about to start the final assembly in Huludao, a coastal city in Liaoning province, and it will be built by Bohai Shipbuilding Heavy Industry Co Ltd, a unit of China Shipbuilding Industry Corp, according to eworldship, a Shanghai-based maritime industry information provider.”CSIC is the first company with the permission to construct the floating nuclear-powered vessel, and it aims to become the strongest builder of floating nuclear platforms within five years,” the report quoted Wu Zhong, general manager of CSIC Asset Management Co Ltd, as saying during an expert review held this week.Zhu Hanchao, deputy chief engineer of the CSIC 719 Research Institute, said that the average cost of a pilot project is about 3 billion yuan ($463 million), but it will be able to generate sales of 22.6 billion yuan in 40 years, the life span of the vessel. He said that the cost could go lower as the company realizes mass production of such platforms.The CSIC 719 was established in 2014 to develop a maritime nuclear power platform and core technologies in the field.At the end of last year, the shipbuilder got the nod from the National Development and Reform Commission, the country’s top economic regulator, to start research for a demonstration project of the platform.Earlier this year, China General Nuclear Power Group signed a strategic cooperation agreement with CSIC to develop a reactor design-200-megawatt ACPR50S for the offshore nuclear power platform.CGN is currently working on the preliminary design for ACPR50S, which is expected to start construction in 2017 and be commissioned by 2020.The floating nuclear power plant, which can be equipped inside a section of the vessel, is often used to supply stable electricity not only to remote areas, but also to large industrial facilities such as seawater desalination plants and offshore oilfield exploration rigs, CGN said.”The project has a wide range of civilian applications in providing safe and stable energy for maritime resources exploration and development,” CGN said.The offshore oil drilling demand will keep growing in the next five years with a market value of 100 billion yuan, while the industry of nuclear-powered equipment is expected to reach 50 billion yuan per year in the Bohai Bay, Wu Zhong said.

Chongqing opens direct flight to London

A jet plane of Tianjin Airlines takes off at the Sanya Phoenix International Airport in Sanya city, South China’s Hainan province, Dec 17, 2014. CHONGQING – The metropolis of Chongqing in Southwest China on Saturday opened its first direct flight to London. The flight, operated by Tianjin Airlines, will commute between Tianjin, Chongqing and the British capital on Wednesdays and Saturdays, the Chongqing Airport Group said in a statement.The statement said the flight will strengthen links between London, a global financial center, and Chongqing, a transportation hub in Southwest China.

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