Coating applications, one of the major sources of industrial volatile organic compound emissions, are facing stricter industry regulations as air pollution has emerged as a major issue for the Chinese government, sources said. The central ...
Tags: Stricter Standards, Coating Firms
The profits of China's state-owned enterprises (SOEs) surged 10.1 percent in the first 10 months of the year from the same period in 2012, said the Ministry of Finance on Wednesday. Profits for national and local SOEs stood at 1.97 ...
Tags: SOE Profits, Economy
State-owned China Petroleum & Chemical Corp or Sinopec, is developing a second natural gas storage facility, with a capacity of 10.42 billion cubic meters, at the onshore Zhongyuan block in China, the company said Monday on its website. ...
Tags: Sinopec, Gas Storage
When the world was digesting news of Detroit’s bankruptcy in July, the biggest ever by a municipality in the US, attention in China turned to the highly indebted government of Jiangsu province. Provincial, city and county authorities ...
Tags: Bond Markets, Local Officials
In another sign of the government's resolve to tackle the problem of excess industrial capacity, the Ministry of Land and Resources will reject applications for land acquisition by companies in sectors with low capacity utilization ratios. ...
Tags: Surplus Capacity, Mineral
Judging by the designer shoes this young Chinese entrepreneur is sporting, his business, a cozy Italian restaurant in an upscale Shanghai neighborhood, must be doing rather well. The new car parked outside reinforces that observation. On ...
Tags: Bank Loans, Innovation
Hazardous smog has hit 17 Chinese provinces and municipalities, affecting 600 million people this year. The capital, Beijing, was shrouded in smog for several days during the seven-day national holiday, disappointing visitors who wanted to ...
Tags: Air Pollution, Coal Use
In the first three quarters of 2013, the CPC Central Committee and the State Council committed to the general tone of making progress while ensuring the stability, stabilized the macro-economic policies, made innovation on the ...
Tags: economy
China will raise electricity tariffs for power plants running on natural gas in at least eight provinces, the National Development and Reform Commission has announced. Prices of on-grid tariffs at gas-fired power plants will be raised in ...
Tags: Metallurgy, Mineral, Energy, power
Less tax for small businesses and more financial support for local government are on the cards as the Chinese leadership considers to start reforming the fiscal system. On August 1, the turnover tax was replaced by a value-added tax (VAT) ...
Tags: Fiscal Reform
Chinese shipbuilders have been sailing toward bankruptcy in recent years, with China trying to consolidate the industry and bail it out from the woe of overcapacity. With delays in deliveries, order cancellations and price decreases for ...
The Ministry of Textiles, Government of India, has prepared a draft notification for mandating use of four Fire Retardant (FR) textiles standards under Bureau of Indian Standards (BIS) Act, 1986, and has invited public opinion on the same ...
Tags: FR Textiles, Apparel
China has this week ordered 58 companies, ranging from steel, coke and cement producers, to cut excess production capacity by the end of the year, in the latest attempt to ease overcapacity in bloated sectors. This is the third batch of ...
Tags: Overcapacity, Metallurgy
The National Textile Corporation (NTC), a Government of India undertaking, will invest Rs. 4.64 billion on spinning and weaving projects in the southern state of Andhra Pradesh, The Hindu reports. The Ministry of Textiles has agreed to ...
Tags: Textile
India's Cabinet Committee on Economic Affairs (CCEA) has given its approval for continuation of Comprehensive Powerloom Cluster Development Scheme (CPCDS), a Central Sector Plan Scheme, during the 12th Five-Year Plan. The modified scheme ...
Tags: Textile