Business / News

Legless man planted 3,000 trees in 10 yrs

[2011-05-04 17:24]

Sixty-two-year-old Ma Sanxiao, a former recon scout with no feet, looks at a newly planted tree in Shixing, Hebei province on April 26, 2011.

Zijin fined $4.6m for Fujian toxic spill

[2011-05-04 09:38]

The Zijin Mining Group, one of China's biggest gold producers, has been ordered to pay 30 million yuan ($4.62 million) by a local court in Fujian province for a toxic spill last year that caused severe environmental pollution.

China set to increase use of biofuels

[2011-04-28 11:10]

China can become a leader in the production of second-generation (2G) biofuels, made from agricultural waste instead of foodstuffs, such as sugar, starch and vegetable oils said a senior executive from one of the industries' leading companies.

China Power New Energy to raise $77m from bond sale

[2011-04-26 13:45]

China Power New Energy Development said on Monday it plans to raise 500 million yuan ($77 million) from bond sale in Hong Kong to fund the construction and operation of its clean energy projects in the Chinese mainland.

Goldwind wins two orders in US

[2011-04-25 15:17]

Xinjiang Goldwind Science and Technology Company, a leading Chinese wind turbine maker, has won two new orders in the United States, the company said in Beijing Monday.

Ministry unveils geothermal power plan

[2011-04-23 10:17]

Geothermal power is expected to provide 1.7 percent of China's total energy in 2015, as the country speeds up its exploration of renewable and clean-power sources, an official with the Ministry of Land and Resources said on Friday.

Automakers show ambitions in green car drive

[2011-04-22 14:47]

Chinese automakers have unveiled their ambitious environment-friendly car designs at the ongoing Shanghai Auto Show, but experts warn that there is a long way ahead before most families are driving green cars.

New nuclear power plants 'set to be approved'

[2011-04-22 09:47]

New nuclear power projects may be approved, following suspension of the procedure on March 16 by the State Council after the Japanese tsunami, when the nuclear safety plan is issued, probably in August, a senior nuclear expert said.

Datang forms wind farm JV in Australia

[2011-04-21 11:15]

China Datang Corporation Renewable Power Co Ltd will join efforts to establish a joint venture for developing wind farms and other renewable energy resources in Australia, said Datang in a statement published on its website Wednesday.

Nation will prune unneeded industries

[2011-04-21 10:20]

China may halt new electrolytic aluminum projects and close down more than 2,000 inefficient companies in 18 industries this year because of overcapacity, high energy consumption and pollution, the Ministry of Industry and Information Technology (MIIT) said in a press release on Wednesday.

Chinese new energy firms establish JV with Aussie peer

[2011-04-20 11:21]

Australia's CBD Eenergy Ltd announced Tuesday it will set up a joint venture with two Chinese renewable energy companies, eyeing to tap the southern country's wind power market, the 21st Business Herald reported Wednesday.

Vestas wins deal from China Datang in Inner Mongolia

[2011-04-19 11:00]

Vestas, the world's largest wind turbine manufacturer, has recently won a large contract from China Datang Corporation Renewable Power, said Vestas China Tuesday in Beijing.

Expert says rush to build hydropower poses risks

[2011-04-19 10:24]

The largest obstacle China must overcome as it looks to build hydropower projects in its seismically active southwestern regions is the need to use technology that will reduce the danger posed by earthquakes and other disasters.

Market fraught with challenges, but year-long outlook positive

[2011-04-19 08:51]

March is an important month for cars sales in China. It normally accounts for the highest monthly sales in the first quarter of the year and it is the month that indicates the full year's sales potential.

Australia's CBD Energy, China partners establish JV

[2011-04-18 16:10]

Australia's renewable energy company CBD Energy Ltd said Monday it had finalized a joint venture with two Chinese companies to develop approximately A$ 6 billion ($6.34 billion) of wind and solar energy projects in Australia.

China grids to connect 90 m kW of wind power by 2015

[2011-04-16 12:55]

China's electrical grids will connect 90 million kilowatts of wind power capacity by 2015, said China's largest power grid company on Friday.

Gamesa, Longyuan join hands to develop int'l wind projects

[2011-04-14 13:34]

Gamesa Corp Tecnologica SA, a top global wind turbine manufacturer, will join hands with China Longyuan Power Group Corp Ltd to co-develop international wind projects, primarily in the United States, Europe and Latin America.

Natural gas reserves plan recommended

[2011-04-13 10:05]

China should consider establishing strategic reserves of natural gas, because of the nation's growing appetite for the fuel and a burgeoning dependence on imports, industry experts said.

Green financial products still in infancy

[2011-04-12 16:43]

The idea of "going green" is becoming a prominent strategy in the world of business. But green financial products are still rare, especially in China.

Nuclear crisis energizes grid, wind power efforts

[2011-04-12 11:20]

China is stepping up construction of its electric grid infrastructure, an important move amid the international doubts about the safety of the nuclear industry following the crisis in Japan.