znnw

New hydro project kicked off in Sichuan

New hydro project kicked off in Sichuan Construction on a major hydro project on a tributary of the Yangtze River started Wednesday in southwest China's Sichuan province. The Tingzikou Hydro Junction Project on the middle reaches of the Jialing River mainly aims at flood prevention, irrigation, water supply and power generation. The project was listed among the 18 new key projects in 2009 in the strategy to develop western China, as announced by the National Development and Reform Commission in...

New airport to be built in Yunnan

New airport to be built in Yunnan Construction of an airport near China's last matriarchal society in southwestern Yunnan province has started, local authorities said Wednesday. A 10.5-km road linking to the construction site of Lugu Lake Airport, in Ninglang Yi autonomous county of Lijiang, a famous tourist destination, has been built up, said a spokesman with the provincial civil aviation department. The airport is located 65 km north of the county seat and 35 km from Lugu Lake. It will cover...

Baidu launches new mobile services

Baidu launches new mobile services Chinese search engine Baidu Inc yesterday launched two services for mobile users, in an effort to gain an edge and market share in the world's largest mobile market. Baidu launched its client software that combines search and other functions it offers on the PC Internet. With this software, mobile users can access search services much faster than WAP browsers, Baidu said. The company has also come out with a new mobile software input method. Baidu had earlier...

China leads record iron ore spending

China leads record iron ore spending Chinese steelmakers are developing projects to mine lower-grade ore, shunned by Rio and BHP. [Agencies] CITIC Pacific Ltd, an arm of China's biggest State-owned investment company, is leading record spending on low-grade iron ore mines in Australia to profit from surging demand as well as to diversify supply. As much as A$18 billion ($16.6 billion) is being spent on so-called magnetite iron ore projects, 36 percent more than a year ago, according to data...

China plans to promote tourism industry

China plans to promote tourism industry China's State Council, the Cabinet, announced Wednesday plans to push forward the development of tourism industry and make it a strategic pillar industry in the national economy. The government called for improved service and management in the tourism sector, which consumes less resources and generates more job opportunities, according to a statement released after a State Council executive meeting, chaired by Premier Wen Jiabao. More efforts should be...

Insurance hike for luxury cars

Insurance hike for luxury cars Beijing's luxury car owners say exorbitant insurance fees that will come into effect from next year will not stop them driving their mega-million yuan sleek toys. "Insurance fees will never stop me from driving," said Xu Bo, a car dealer in his twenties, and who owns a 3 million yuan Ferrari 360, a 1.5 million yuan Porsche 911 and 1.6 million yuan Mercedes Benz in separate garages in Beijing. Xu belongs to the "Supercar Club", which consists of only a handful of...

Airlines to merge by year-end

Airlines to merge by year-end China Eastern Airlines, the country's third biggest carrier, said yesterday that it would complete its merger transaction with Shanghai Airlines by the end of the year. "All the legal procedures will be completed by the end of 2009," said Ma Xulun, general manager of China Eastern. The Shanghai-based carrier said in July it would buy smaller rival Shanghai Airlines via a 9-billion-yuan share swap that would give it a market share of over 50 percent in China's...

Railway building in W China sped up

Railway building in W China sped up China would extend railways to more than 50,000 kilometers in its vast western regions by 2020, a senior railway official said on Monday. More investment will be made in railway construction in the western regions in the coming several years to serve local economic and social development, said Yan Hexiang, deputy director of the development planning department of the Ministry of Railways. The ministry will step up building of major railways currently under...

ICCIE attracts record Taiwan exhibitors

ICCIE attracts record Taiwan exhibitors The opening of the fourth Beijing International Cultural and Creative Industry Expo (ICCIE) on Wednesday is expected to attract a Taiwan delegation consisting of 73 exhibitors, the most in history. It will be third time for the Taiwan exhibitors to come to the annual event. The exhibitors from the island harvested orders worth NT$80 million ($ 2.5 million) in last expo. The themed pavilion, titled "Fine works of Taipei Cultural and Creative Industry,"...

UCWeb bets big on surging 3G volumes

UCWeb bets big on surging 3G volumes Mobile phones will soon surpass personal computers as the preferred device for Internet users in China over the next three years, according to a top official of mobile Internet firm UCWeb. Yu Yongfu, chief executive of the venture-funded UCWeb, said mobile Internet users in China would jump manifold as 3G services expand in the country. "With China aggressively pushing 3G services, I think by 2011 most users would use mobile phone, rather than personal...