Beijing’s central business district plans to double in size and this plan may involve the relocation of 10,000 households. The government will expand by 3-sq km from the East Third Ring Road near Guomao to the Four Ring Road near Sihui Bridge and it will be completed in the next 6 to 8 years.

This project will attract more major multinational corporations and create 100,000 new jobs. The Chaoyang district government, which is overseeing the project, is keen to turn more Read more…

Popularity: 1% [?]

business, CBD, China, economy, expansion, government, household

INVITATION FOR BIDS

Loan No. 2146-PRC

1. The Government of the People’s Republic of China (PRC) has received a loan from the Asian Development Bank (hereinafter called the ADB) in various currencies towards the cost of Coal Mine Methane Development Project. It is intended that part of the proceeds of this loan will be applied to eligible payments under the contract.

2. China International Tendering Company (ITC), for and on behalf of Jincheng CMM Comprehensive Utilization Co., Ltd, invites sealed Read more…

Popularity: 1% [?]

bid, China, cost, development, economy, government, project

China and Russia may join together to build a $4-billion oil refinery in the north of Tianjin municipality to meet the growing domestic demand, according to the local government.

The project, which will be located in Binhai Industrial Zone of Tianjin, is developed by China National Petroleum Corp (CNPC) and Russia’s OAO Roseneft. It is capable of processing 10 million tons of crude oil every year. Read more…

Popularity: 1% [?]

China, economy, government, oil, refinery, Russia, Tianjin

Thanks to the help of US taxpayers and China’s government, General Motors Corp can  continue its business, for GM gets a $13.4 billion loan from US taxpayer and $1,170 subsidies from the latter one.

As a result of cut in retail taxes on small vehicles, GM’s minivan venture sales in China have had a 32% rise in the first 2 months. Recently, the government is giving out 5 billion yuan in subsidies in order to promote the auto sales in countryside.

Because of the tax cut and subsidies, GM predicted that it would enjoy a double growth in China. However, in the US market, it saw a 51% slide in the sales, which forced GM to ask for about $16.6 billion aid from government. Read more…

Popularity: 4% [?]

business, China, economy, government, loan, tax, U.S.

Suning is going to expand its rural market by taking advantage of the government’s rebate  programme for household electric appliances. Suning is currently the second largest electrical appliances retailer, immediately after Gome. And through this effort, it is making an attempt to beat Gome in this war.

The company will open no less than 1000 shops, of which a small amount will belong to Suning, while the rest will belong to those who invested in Suning’s brand shops. These newly opened stores are to meet the rural residents’ needs by occupying smaller areas Read more…

Popularity: 1% [?]

China, economy, government, household, market, programme, Suning

After the examination of Aluminum Corp of China’s (Chinalco’s) investment in Rio Tinto, the Australia government has decided to extend another similar examination of two more Chinese firms’ investment in the country’s miners.

According to what OZ Minerals said on Monday, the country’s Foreign Investment Review Board would extend its review of the takeover of OZ Minerals by China’s Minmetals from March 24 and the examination would last for 90 days. Read more…

Popularity: 4% [?]

Australia, China, economy, examination, firm, government, investment

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTANT SERVICES)

Country: China

Name of Project: Sino-Singapore Tianjin Eco-City

Sector: Climate Change, CONSULTING SERVICES

Project ID No. : P098915

EOI No. SSTECP-1

Date: April 2 Read more…

Popularity: 3% [?]

China, cost, economy, Environment, facilities, government, Tianjin

The Ministry of Financial showed on its website on February 16 that the revenues the government had received was 613.16 billion yuan in January, 17.1 percent lower than a year earlier, within which the central government covered 296.48 billion yuan while the local government occupied 316.68 billion yuan, down 28.4 percent and 2.7 percent from a year earlier respectively.

It’s analyzed last month by the ministry that the rapid drop in the revenue mainly resulted from the financial crisis. It hurt the companies and led to lower profits. There was a drop of about Read more…

Popularity: 2% [?]

China, drop, economy, government, profit, revenue

According to the Australian government last month, a plan that place a mandatory filter on the Web to shield children in particular from accessing illegal and inappropriate material will begin this month.

Actually the plan of a filter system which aims to filter harmful information from the Internet met the opposition of Internet user groups, the pornography industry and others. Because they thought some legitimate websites would be blocked Read more…

Popularity: 4% [?]

Australia, China, economy, government, information, internet, material

Policymakers discussed the issues of jobless at the three-day Central Economic Work Conference which ended yesterday.

The jobless rate could rise next year from 4% this year because of massive job cuts. If the rate rises above 5%, social stability could be threatened, a senior lawmaker warned.

So the government at the conference discussed measures to create new jobs and maintain the existing unemployment rate during the global financial crisis as rate above 5% will lead to a series of negative consequences. What is more, the number of poor urban residents would increase and living standards in cities would decline.

As a result, in order to keep the jobless rate low, local government should promptly hire Read more…

Popularity: 2% [?]

China, conference, government, jobless, measure, rate