IN BRIEF (Page 13)

China sets 2011 mining quotas

China has set 2011 mining quotas for several minor metals and will increase the permitted output of tungsten, tin, antimony, molybdenum and rare earths, the Ministry of Industry and Information Technology (MIIT) said on Monday. MIIT also reiterated the quota of 93,800 metric tons for rare-earth ores and said 90,400 metric tons of that can be smelted.

NDRC releases updated guide

The National Development and Reform Commission (NDRC) released its revised catalog of industrial structure adjustment on Monday as a guideline for attracting investment and managing investment projects. The catalog highlights the government's support for modern agriculture, the service sector, emerging and sustainable industries, and indigenous innovation. It also raises the threshold and criteria for industries with a production overcapacity.

Singapore tops property list

Singapore, London and Vancouver are the top three destinations for Chinese to purchase properties overseas, according to a report from China's largest property website SouFun.com.

Other popular places with Chinese investors include New York, San Francisco, Toronto, Los Angeles and Sydney, according to the report. SouFun has launched a platform to provide a one-stop service for Chinese buyers to shop overseas for properties.

Unipec extends export halt

China International United Petroleum & Chemical Corp (Unipec), the country's biggest oil trader, may extend a suspension of diesel exports for a second month to ensure sufficient domestic supply.

Unipec doesn't have any export plans for May, said a company official, who declined to be identified because the information is confidential. Adequate inventories also mean that the trader won't import the fuel either, the official said.

China Daily - Agencies

(China Daily 04/26/2011 page13)