Anshan cements steel moves in US

Steel prices are likely to rise in China in the fourth quarter as power restrictions trim production capacity due to the country＇s urgent call to meet energy-saving targets while new construction projects will push up market demand, industry analysts said.     

ENVIRONMENT

China closes old power plants to save energy China’s local governments should step up efforts to close 10 million kilo-watts of outdated coal-fueled power station capacity this year, Chinese Vice     

South China＇s Guangdong to Build Another Nuclear Power Plant

South China＇s Guangdong Province has planned to build an other nuclear power plant in its Shaoguan City in response to the provinces power shortage ,according to the report of Xinhua on Feb.15     

Energy

Wind may prop China＇s power rash
Wind power alone can potentially allow China to reduce emissions by 30 percent in about twenty years, according to a prominent science magazine on September 11. 2009.     

NDRC Issued Opinions to Regulate Auto Industry

In view of the surplus of China＇s auto in dustry production capacity, and the situation may get intensified, the National Development and Reform Commission （NDRC） recently issued the implementation opinions for auto industry to deal with the surplus of production capacity, and expedite the structural adjustment based on the relevant dispose of the State Council＇s notice about expediting the structural adjustment of the industries with surplus production capacity.     

Cold weather strains Beijing＇s natural gas supply

The volume of natural gas consumption in Beijing Municipality is now close to the city＇s maximum supply capacity due to the colder： than-expected winter, State media reported on Jan. 9.     

Instattations of sotar energy in 1st three quarters doubled

China has completed building the first-stage of Jiuquan wind power base, the country＇s largest wind power project, in northwest China, local officials said at the ceremony to mark the completion on November 3.     

Chinese firms power on with Indonesia plan

Chinese companies are likely to continue to participate in Indonesia＇s second 10,000 megawatt （mW） nation- al power development plan, following a record of success- ful cooperation during the first pro...     

Gov＇t to Spur Consumption by Increasing Purchasing Power

The Chinese central government aims to spur domestic consump tion by increasing consumer purchasing power in the coming years in a bid to continue maintaining a steady development of the nation＇s economy.     

China to develop 13 solar power projects in western region

China, the world＇s second-biggest energy user, plans to develop 13 solar power projects in the western region as part of a government aim to cut emissions and boost energy investment in the area.     

ENERGY

China, Iran sign oilfield development deal;Power output falls 13% in Jan on weak demand;Crude oil imports fall 8% in Jan;China＇s largest wind power facility R＆D center to be established in Xi＇an     

Key power plant starts operation in SW China

Xiaowan hydro station, a keystone power generation project in southwest China＇s Yunnan Province, became operational Sept. 26, according to a statement from the China Huaneng Group.     

Want a Railway Ticket During the Spring Festival Holiday？

Traditional Spring Festival in China means a family reunion time no matter how difficult to realize it. Due to China＇s large amount of population moving at one time, its limited transportation capacity is often hard to bear in the around one month lasting time. A railway ticket to home could be as precious as gold. We often call this nationwide migrating crusade ＂Chunyun＂ in China. In the special period, Chinese transportation industry, especially the railway transportation, receives the highest focus from all the aspects. What＇s the difference of Chunyun this year？ What new efforts exerted by Chinese government？ Let＇s hear the voice from the Ministry of Railways.     

Energy Giant Fires up Profit

China Shenhua Energy Co, the nation＇s biggest coal producer said 2006 profit rose 12% after it increased production to meet higher demand from power generators and steel makers.     

China＇s Hydroelectric Power n Trouble

As a fast-rising country, the state of energy consumption in China is significantly different from that in the developed .world, which has been using electricity of a relatively stable quantity for years. In China, however, the ever-hungry electricity demand requires at least 7% annual increase to meet the need of ballooning GDR According to the Annual Report on China＇s Energy Development （2009）, up till the end of 2008 the total installed capacity of electricity has reached 790 million kW, including nearly 100 million kW newly developed in 2008 and a similar increment in 2007. Take Japan as an example, one of the TOP 10 electricity consumers in the world, with around 200 million of installed capacity. It seems that in mere two years China has built so many power plants that are enough to serve the entire Japan.     

China＇s Shougang aims for 30 mln-tonne annual capacity

Shougang Group, China＇s eighth largest steel maker, will expand its annual production capacity to 30 million tonnes by 2012 with new projects in Caofeidian and consolidation in other regions, reported China Daily on September 4.     

Global Champions in Waiting ——Prospects and challenges of Chinese Automobile firms M＆A activities on the world stage

In recent years, Chinese companies have accelerated their global activities in line with China＇s ascent as a major economic power. While some Chinesecompanies globalize organically, many others have pursued mergers and acquisitions （M＆A） to accelerate their global presence. High-profile deals such the SAIC＇s 50.6% acquisition of Korea＇s Ssangyong in 2004, Nanjing Auto Group purchased British auto company MG in 2006, and more recent Geely Automobile Holdings acquire＇ Australia＇s Drivetrain Systems Interna- tional, or DSI, the world＇s second largest auto transmission supplier in 2009, have introduced the world to a new generation of Chinese companies with aspirations to be global competitors. Under the circumstance of global financial crisis, as vehicles sales slump and companies burn through cash, many players in automobile industry are confronting cost pressure and tighter access to credit. As a result, many distressed assets are potentially up for sale. This also means opportunities for Chinese automobile players with international expansion to jump onto the global stage.     

Anyuan Automobile： Moving Steadily Towards the Global Market——An Interview with Su Liqian, General Manager of Wuxi Anyuan Automobile Co., Ltd

Wuxi Anyuan Automobile Co., Ltd, located in Wuxi, China＇s Jiangsu Province,receives investment from Wuxi Anyuan Industry Joint Stock Co., Ltd as an R＆D （research and development） center and as a production base for the export of luxurious passenger buses. The company＇s facilities cover a large area of 90,000 square meters. During the first phase of construction, factory buildings with a floor area of 15,000 square meters were erected, enabling an annual production capacity of 1,500 buses, worth of RMB 0.5 billion. During the second phase, another 20,000 square meters were allocated for use as factory buildings, which brought the company＇s annual production capacity to 5,000 buses, worth of RMB 1.5 billion. Among the company＇s 1,200 employees, 196 are working as technical or managerial nersonn el.     

Hhuaneng profits jump on eaper coal higher output

Huaneng Power International Inc., one of China＇s five largest listed power generators, boosted its net profits in 2009 by 242.61 percent yearon-year to RMB 5.08 billion （$743.78 million）, the company announced on March 24.     

China eves closing coal-fired power plants in capital

China is considering moving the last four coal-fired power and heating plants out of Beijing＇s municipal area, replacing them with gas-fired stations, state media reported on Monday, in an effort to improve air quality in the capital.