China Economic ReviewThe Chinese government has introduced a new policy designed to promote the use of new- and high-technology by domestic companies, said Caijing magazine. Traditional industries will be encouraged to use more technology and specific sectors such as bioengineering, aerospace, renewable energy and marine industries will be given extra support. More private equity will be encouraged […]
China is to spend Yn820m on promoting the use of high technology to develop energy resources in the Bohai Sea. The focus will be on technology for precision exploration, advanced drilling and enhanced recovery. According to Xinhua, the Bohai Sea has total reserves of 9.7bn tons of oil and gas, but its production last year […]
Sohu.com, one of China's three overseaslisted internet portals, improved its secondquarter results sharply on the back of its World Cup promotions, said the Financial Times. Revenues of US$6.13m were up 35 per cent on the first quarter, and 113 per cent year-on-year, giving it its first quarter of positive earnings. Increased advertising was one reason […]
Almost a month after the authorities closed all internet cafes in China for safety checks following a fire at a cafe in Beijing that killed 25 people, 30 of the capital's 2,400 internet cafes reopened for business in July. Their owners issued a public statement saying that they would comply with the regulations on internet […]
Officially renamed Shangri-La, Zhongdian is promoting itself hard as a tourist destination. However, there are concerns about the local management of the industry and its likely future impact on the environment. Just before sundown, a tour bus rambles down the rock-strewn dirt road leading to remote Peace Village in Yunnan province. The door opens and […]