The authorities are trying to discipline the housing market and sort out real estate’s relations with the banks. However, it is unclear whether these actions will divert activity towards the mass housing market.
Categories
Category: Energy & Environment
China's waterways clean-up campaign is falling far behind schedule. a top environmental official told China Youth Doily. Xie Zhenhua, director of the State Environmental Protection Administration, said that work had yet to begin on nearly two-thirds of the 1,590 projects that make up the 'three rivers and three lakes' initiative. Work has been completed on […]
The Three Gorges Dam started producing hydroelectric power last month, transmitting electricity to Shanghai and other eastern cities. AYn2bn switching station was recent-ly completed in Changzhou, Jiangsu province, to help transfer power from Hubei province, where the dam is situated. The dam will help alleviate power short-ages being experienced this summer in Shanghai and other […]
Categories
Pipeline for southern China
Sinopec is to start building aYn3.5bn refined oil pipeline in September that will transport petrol and diesel from Maoming in Guang-dong province to Kunming in Yunnan province. reported China Securities Journal. The I .690km pipeline is expected to be in use in the first quarter of 2005. It is being built to meet growing demand […]
Petro China's oil and gas output in the first half of 2003 was up 2.1 per cent year-on- year. China's largest oil company produced 386.4m barrels of oil, up 0.6 per cent, and 349.6bn cubic feet of gas, an increase of 13.5 per cent. Domestic oil output actually fell 0.3 per cent to 383m barrels, […]