Daqing Oilfield

The Daqing Oilfield is one of the only a few large oil fields in the world with an output surpassing 100 million tons. Beginning production in 1960, Daqing produced 50 million tons of crude oil in 1976 and has sustained this output for 17 years. In 1992, its crude oil output topped 55.65 million tons, accounting for 40 percent of China's total.The oil field is still in flourishing production period. According to the scientific prediction, the annual output of 55 million tons of crude oil will be sustained until 1995, and 50 million tons will be produced until the year 2000. Scientific progress has contributed to the stable production. By mid-next century, Daqing will be still a large oilfield.     

Daqing Oil Field Created World Miracle

The annual output of crude oil topped 50 million tons again for Daqing oil field in 2002, creating a miracle in world of the same kind oil field developing history. Up to December 31,2002, the annual output of oil reached 50.131033 million tons in Daqing oil field. This has been the 27th year of realizing high and stable output since 1976.     

Chinese equities edge down at midday with renamed steelmaker＇s tumble

Crude steel production in China, the world＇s largest steel maker, rose 14 percent to a record last year, further complicating this year＇s iron ore negotiations. Steel output rose to 568 million tons in 2009 from 500 million tons in 2008, the National Bureau of Statistics said in a statement on Januarv 21.     

Chinese equities edge down at midday with renamed steelmaker＇s tumble

Crude steel production in China, the world＇s largest steel maker, rose 14 percent to a record last year, further complicating this year＇s iron ore negotiations. Steel output rose to 568 million tons in 2009 from 500 million tons in 2008, the National Bureau of Statistics said in a statement on January 21.     

Large Oil Deposit Discovered in Gansu

A massive oil deposit of 500 million tons has been discovered in an area near Lanzhou, capital of northwest China's Gansu Province, an expert said on December 30. The belt along Lanzhou, Yongdeng and Minhe has up to 340 million tons of oil deposit, the Yuzhong-Jingning-Jingyuan belt 160 million tons, said Liu Huaqing, an engi-     

Development Trend of China's Beverage Market

According to an authoritativedepartment, Chiha's beverage outputwas just 280,000 tons in 1980, andone million tons in 1985. In 1995, as a resultof a sharp increase, beverage output reached10 million tons. The past 15 years havewitnessed an annual growth rate of 26.7percent for beverage output. So the beverageindustry has become one of the foodstuffindustries that has developed the fastest inthe past decade. The variety has expandedfrom only carbonic acid beverages to juices,     

Tibet＇s hvdropower station won＇t affect water flows

The initial data published by General Administration of Customs of the PRC on November 13 showed that in October, China exported 1.21 million tons of coals, declining by 40% compared with that of last year on a year-onyear basis and dipping by 35% compared to 1.86 million tons in September.     

China Has Two More Key Harbors

The annual throughput of Yantai and Yingkou ports surpassed 100 million tons in 2007, bringing the number of such big harbors in China to 14, according to Communications Minister Li Shenglin.     

China Records Month-on-Month Decline in Steel Exports

China exported 5.94 million tons of rolled steel in July, a growth of 66% over the same month of last year,but a decline of 420,000 tons or 6.6% from the previous month. Zhou Xizeng,an analyst with CITIC Securities, said the month-on-month drop indicated that the government's efforts to     

“Theory on China's Grain Crisis” Lacks Scientific Basis

China is marching on towards the21st century with full confidence,and is forging ahead towards thegoal of socialist modernization. Near theturn of the century, a piece of sensationalnews was transmitted from abroad: "Whowill support China by the year 2030?" Thisproblem was put forward by Mr. Brown,director of the American Research Instituteof World Observation, He said that China'sPopulation is increasing, its cultivated landis decreasing, sown areas are being reducedand will continue to be reduced. The per unitarea yield is approaching its ultimate, so thattotal output will continue to fall. By the year2030, grain output produced by China itselfwill be reduced to 263 million tons, and willnot meet the grain needs of 479 million tonsor 568 million tons or 641 million tons for apopulation of 1.6 billion (consumption percapita is counted in terms of 300 kg, 350 kg     

Nation''s Sugar Shortage to Grow in 2005

China will have to import almost the same amount of sugar this year as itdid in 2004, as the gap between supply and demand is estimated to reach 1 million tons.     

Ping Ding Shah Coal Mining(Group)Co.Ltd

Ping Ding Shan Coal Mine wasestablished in 1955 and wastransformed into Ping DingShan CoalMining (group) Co. Ltd (PCMC) in 1996.The company was the first giant coal industrybase built after the founding of new China.It has over eight billion tons of coal reserves.At present, there are 12 pairs of operatingmines and three coking coal preparationplants producing 20 million tons of raw coaland smelting 3.5 million tons of clean coal ayear. The coal is provided to hundreds oflarge and medium-sized enterprises in the 11provinces and cities in the mid-south andeast of China, and part is exported abroad.Therefore the mine is known as the "coalbunker" of China.     

Huaibei Kaolin Development General Factory

With fixed assets of RMB 15 million.an area of 7,000 sqm, the Huaibei KaolinDevelopment General Factory is engaged inthe production and processing of Kaolin,with an annual capacity of 30,000 tons. Situated in the hinterland of East China,the factory is close to Jiangsu and Shandongcoastal open development belt, 300 km awayfrom Port Lianyungang, linked up with Jinghuand Longhai railways, with highwaysradiating in all directions. This area abounds in Kaolin resources,with good quality, and exploitable reservesof 36.4 million tons, thus assuring the rawmaterials for product processing.     

Nation‘s Sugar Shortage to Grow in 2005

China will have to import almost the same amount of sugar this year as itdid in 2004, as the gap between supply and demand is estimated to reach 1 million tons.……     

Nation''''s Grain Output to Top 490 mln Tons in 2006

China's grain output would increase for the third consecutive year to more than 490 million tons in 2006, according to the State Grain and Oil Information Center. The center slightly raised its 2006 maize, wheat and rice production forecasts. But the soybean forecast was cut by 400,000 tons to 15.5 million tons.     

Guangzhou Port Leaps to Be World's Fifth Largest

Guangzhou Port had leapt from the 12th place to the fifth in terms of cargo volume among the world's harbors last year. The south China port handled 300 million tons of goods and 6.6 million TEUs (20-foot equivalent units) in 2006. The port is China's third-largest cargo port after Shanghai Port and Shenzhen Port.     

Henan's Infrastructure and Investment Environment

Henan Province has been working hard to improve its investment environment and build up its infrastructure ever since the start of China's opening to the outside world. So far, the province has achieved great progress. Its annual output of raw coal is 90 million tons, ranking second in the country; it has an installed capacity of 7.6 million KWs, generating 43 billion KWhs of electricity per year.     

China Signs US$4.3b of Soybean Deals With U.S.

According to Bloomberg on February 16,China,the.world's biggest soybean importer and consumer,signed agreements in Iowa to purchase 8.62 million metric tons of the oil seed from U.S.suppliers in a deal valued at US$4.3billion.     

Waiting for A Recovery in An Embarrassing Situation

At present, China has a shipbuilding capacity of about 66 million dead weight tons （DWT）. According to Shipbuilding Industry Restructuring and Revitalization Planning, China is targeting~at taking a share of more than 35% in global shipbuilding completions in 2011, meaning a total production of 35 to 40 million DWT per year, of which 70% plus will be exported and the demand in domestic market totals 10 million DWT or so. Till then, more than one third of the constructed shipbuilding infrastructure is of overcapacities.     

Shanxi＇s coal exports down through October

Shanxi Province＇s coat shipments to other provinces have fallen by 103.61 million tons, or 21.3 percent year-on-year, to 383.71 million tons over the first 10 months of 2009, according to statistics released by the Shanxi government on Dec： 9.