From our archives

May 26, 1984

'Apartment fever' grips Chengdu

With nearly 600 apartments sold or booked in the first four months of this year, housing has become one of the hottest commodities in Chengdu, capital of Sichuan province.

Purchases of older apartments owned by collectives or individuals have risen sharply, too, adding to Chengdu's "apartment fever".

Prospective buyers pay one-third of the cost of the apartments they buy, with the rest coming in as government subsidy, or paid by their work units.

Training center launched

China Equipment Management Training Center will be set up in Xi'an, capital of Shanxi province, today.

Located in the Northwest University of Technology, the center is a national establishment devoted to education and research in electronic equipment management. The center will provide technical consultancy in equipment management, too, and promote academic exchanges with foreign institutions.

Oil production to grow

China's annual oil and natural gas production may reach 400 million tons by the end of this century, State Councilor Kang Shi'en told a Beijing conference this week.

The forecast is based on a verified onshore oil reserve area of some 10,000 sq km, and an estimated 140,000 new wells to be drilled in the next 17 years - seven times the current number of onshore wells.

Crude oil production is expected to reach 110 million tons this year, Minister of Petroleum Industry Tang Ke said.

(China Daily 05/26/2009 page9)