Western regions' energy productivity is up to five times less efficient than coastal areas in the southeast, according to a report jointly produced by the National Bureau of Statistics, the National Development and Reform Commission and the Office of the State Energy Leading Group. Average energy consumption across the country last year was 1.22 tonnes […]
Category: Energy & Environment
The retail price of electricity was lifted an average US$0.0032 a kilowatt-hour Friday to ease pressure on power producers facing higher coal prices and requirements to clean up their plants. It is the first adjustment since May 2005 and was made under a government-set mechanism pegging the cost of power to the market price of […]
Shanxi Coking Coal Group, one of the country's biggest coke-making companies, plans to raise at least US$1 billion in an initial public offering in Hong Kong next year, the South China Morning Post reported. The company recently mandated Morgan Stanley, JP Morgan, Deutsche Bank and BOC International to handle the share sale, sources told the […]
China and Australia will move forward with free trade talks, even as several sticking points slow negotiations. The announcement came as Australian Prime Minister John Howard visits China to mark the arrival of the first shipment of liquefied gas from that country. While in Shenzhen, Howard said his country is eager to enhance ties with […]
China's iron and steel industries saw lower profits in the first five months of the year, state media reported. Citing National Bureau of Statistics figures, China's official press said profits in the country's iron and steel industry dropped 37.4%. Meanwhile, the oil processing and coking industry reported losses of US$2.7 billion. Other industries fared better. […]