On sep.27, a latest announcement was revealed by Fujian provincial authorities. It is announced that in order to further industrial cooperation with Taiwan, Pingtan Island is to be set up as a special economic zone.
Nowadays, Pingtan Island, the fifth largest island in China, attracts the attention of experts from both sides of the straits. Considering its location, the experts are trying to found a new model for the island, which lies 28 km from the provincial capital Fuzhou and about 120 km from Taiwan.
In order to bring benefit for Read more…
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announcement, China, economy, Fujian, island, plan, Taiwan
The Guangdong Highway Construction Corporation (herein after referred to as the collector), as the legal person responsible for the project, entrusts Chelbi Engineering Consultants, Inc. (herein after referred to as the collection agent) to internationally collect project designs for the Second Bridge in Humen, Guangdong, China.
1. Project Briefs
The Second bridge is a connecting line in the planned expressway network Read more…
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bridge, China, economy, Guangdong, Humen, plan, project
It has been confirmed that BeijingWest Industries of China will purchase the remaining global suspension of Delphi Corp; this acquisition is regarded as part of its rebuilding plan.
In the e-mail replying to China Daily on April 1st, this US auto parts supplier said its portfolio transformation, asset sale and purchase agreement have already been made.
BeijingWest Industries is owned by a state-owned company Shougang Group, Bao’an Investment and Development Co Ltd and Beijing municipal government, all of Read more…
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Beijing, China, Delphi, economy, industry, plan, suspension
Because of the health scares of food, a new way is going to be used by Chinese information and game portal Netease.com to ensure pork a safe quality.
William Ding, Netease founder and CEO said his firm would start feeding over 10,000 swine in Zhejiang province with a pastoral environment and strictly organic diet.
It is said that the process of feeding swine and the journey of the porker from farm to pork will be online for the Read more…
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business, China, economy, food, health, plan, pork, quality
A research and development (R&D) centre will be set up by Bayer Schering Pharma in Beijing to benefit from the country’s health reform plan which will cost the Chinese government 850 billion yuan. The centre will cost Bayer 100 million euros over the next five years.
Besides the other three centres in Germany and the US, the centre in Beijing will be the fourth in the world for the pharmaceutical division of the German drug and chemical group Bayer.
According to the company, the new centre aims to develop new drugs tailored to Asian patients Read more…
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Bayer, China, crisis, economy, healthcare, investment, plan, recession
Since Australia has pledged to reduce its greenhouse emissions by 5% to 15% by 2020, it unveiled the world’s broadest carbon trading scheme several days ago, turning out business calls for a delay due to the global slowdown.
While Australia is now second only to the European Union in its drive to cut emissions by establishing a cap-and-trade system that puts a price on carbon output, it was said that the target is far from powerfulness and blasted the trading plan that will give free credits to some of the economy’s most carbon-intensive industries.
According to Prime Minister Kevin Rudd, it is essential to implement carbon scheme in Australia, which has the fourth-highest per-capita greenhouse gas Read more…
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Australia, Canberra, carbon, China, economy, plan
As Japanese electronics giant Sony Corp’s major manufacturing centre and one of its key markets, China has about 48,000 employees, more than one quarter of Sony’s global headcount.
But the global recession has also forced Sony to close at least five factories and curb world-wide investment.
It is said that there will be 16,000 people losing jobs since Sonyis reviewing China operations amid a global layoff plan.
Because of the global economic crisis, Sony China said that it will actively support its headquarters in Japan.
Due to the economy slowdown, consumers are no longer willing Read more…
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China, employees, headcount, investment, market, plan, Sony
According to bankers and economists, next year, profitability of Chinese banks will be under pressure after lending rates are reduced.
The measures were announced by the central bank last week who had cut the reserve money requirements for banks and removed curbs on lending. These moves will squeeze interest spread of banks as well as Read more…
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bank, China, demand, economy, plan, stimulus
According to the municipal government official, in addition to the 500-billion-yuan plan introduced last Friday, the government will launch a 160-billion-yuan ($23.4 billion) economic stimulus package. The plan was approved by Shanghai Han Zheng on Monday. It will be spent in the coming two years on such areas as transportation, scientific innovation, industrial upgrading, environmental protection and projects regarding the 2010 Shanghai World Expo.
The urban construction Read more…
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China, government, package, plan, Shanghai, stimulus
Last week, Motorola announced a plan to cut 3,000 workers worldwide, with nearly 2,000 from its handset division. The announcement came after the firm disclosed a disappointing third quarter result, in which net losses amounted to 397 million, compared with a profit of 60 million last year. The company said on October 3 that it would cut the number of its employees in China as part of a global layoff plan amid financial turmoil.
Chen Lei, Read more…
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carry out, division, layoff, Motorola, plan
On sep.27, a latest announcement was revealed by Fujian provincial authorities. It is announced that in order to further industrial cooperation with Taiwan, Pingtan Island is to be set up as a special economic zone. 
