Liangjiang New Area draws 100bln yuan in 2013

Liangjiang New Area in Chongqing signed agreements with 240 projects for 2013, with a total contracted amount surpassing 100 billion yuan. The key projects include the cold rolled steel of Anshan Iron and Steel Group Corporation, Tencent Data Centre, and the international clearing and synthesis project of Jinye Jewellery, respectively invested in with 7 billion, […]

Minsheng Wharf to morph into cultural icon

A new cultural and creative industry park, the largest in downtown Shanghai by the shore of the Huangpu River, will open next year. The 100,000-square-meter park has a 739-meter-long waterfront facing the Huangpu River. It has Yangjing Port to the east, Minsheng Road to the west, Binjiang Road to the south, and the river to […]

SCO members expected to ease Asia-Europe road transport

An agreement opening road transportation between Asia and Europe is expected to be signed at the upcoming 12th prime ministers’ meeting of the Shanghai Cooperation Organization (SCO) member states, a Chinese diplomat said on Wednesday. Vice Foreign Minister Cheng Guoping told a press conference that the agreement would create conditions for an Asia-Europe transport corridor […]

Yinchuan to build Yellow River bridge

City government of Yinchuan signed an agreement on building a bridge across the Yellow River with the Shanghai Greenland Group on Aug. 14, 2013. It is said that the project, with a total length of 20.20 kilometers, will become the longest bridge on the river. The city’s riverfront district sitting on both sides of the […]

OECD revise up British economic growth

The Organization for Economic Cooperation and Development (OECD) on Tuesday sharply upgraded its growth forecast for Britain in 2013 and 2014, while revising down global economic growth estimates by a big margin. In its latest Economic Outlook report, the OECD said the British economy would grow by 1.4 percent this year and 2.4 percent in […]

Chongqing West Railway Station to begin construct

The construction of Chongqing West Railway Station, the largest one in west China, located at Shangqiao, Shapingba District, is to be begin in 2014, according to Chongqing Development and Reform Commission on November 18th, 2013, the transfer between train, light rail and coach can be completed within the station. The construction period is set for […]

Vice premier Wang Yang urges better business environment

Chinese Vice Premier Wang Yang said at a meeting on Tuesday that China will speed up construction of a modern market system. During the meeting with Chairman and Chief Executive Officer Scott Davis of United Parcel Service, Wang said China will build an open economic system, improve the environment for foreign investment, and actively push […]

Xi stresses innovation in revitalizing old industrial bases

Chinese President Xi Jinping recently stressed innovation-powered development in the revitalization of old industrial bases in northeast China and other regions. Xi, who is also general secretary of the Communist Party of China Central Committee, took an inspection tour to northeast China’s Liaoning Province from August 28 to August 31. During the tour, Xi underlined […]

China’s manufacturing sees hefty rebound in Aug.

China’s manufacturing sees hefty rebound in Aug.

China’s manufacturing sector saw a strong recovery in August, offering further signs that the world’s second-largest economy is moving out of the shadows of a protracted slowdown. The Purchasing Managers’ Index (PMI) for the manufacturing sector rose to 51.0 percent in August from 50.3 percent in July, marking the second monthly expansion in a row, […]

Northwest China to drive auto market growth

Northwest China to drive auto market growth

As China’s auto market slows after a decade of unprecedented growth, the country’s vast central and western regions are offering a new impetus to keep the boom rolling, industry watchers and insiders say. The northwest, in particular, is playing a more important role for the auto industry as recent sales growth there has far exceeded […]