German electronics and engineering firm Siemens announced that it has won an order to supply up to 38 trains for the Shanghai metro system. The deal includes a fixed contract for 28 trains for the Pearl line, with an option for another 10 for the Shanghai extension line. The trains will be manufactured by Siemens […]
A new chemical fibre plant in Luoyang, Henan province, went into operation in April, Xinhua reported. The Yn6.4bn project has an annual capacity of 200,000 tons of polyester, 90,000 tons of terylene short fibre and 100,000 tons of terylene long fibre. It forms part of Luoyang General Petrochemicals Plant. Luoyang is the fifth largest production […]
British mining development company Griffin Mining has been awarded a licence to develop the Caijiaying zinc-gold deposit in Hebei province, through its local subsidiary, Hebei Hau-ao Mining Development Co. Griffin said that this was the first licence awarded to a foreign company for a base metal deposit in the People’s Republic. The Caijiaying deposit has […]
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Real estate leads outdoor spend
Outdoor advertising captured 14 per cent of the total advertising market last year, according to a survey by O-Dex, with spending totalling Yn10bn. Mainland China’s three main cities of Beijing, Shanghai and Guangzhou accounted for 44 per cent of all outdoor adspend, and real estate was the top category, with a billing of Yn1.24bn. China […]
The soft drinks manufacturer Jinlibao has paid Yn31m to advertise in every one of the 64 World Cup matches, said China Central Television (CCTV). That works out at Yn484,000 per match. CCTV hopes to raise Yn500m from selling advertising time during the World Cup. The most expensive slots will be during the three scheduled first-round […]