China Economic ReviewBP, the world’s second largest oil group, is to contribute US$10m to a clean energy research centre in partnership with the Chinese Academy of Sciences. The CAS-BP China Centre is the fifth BP centre worldwide. Its headquarters will be located at the CAS Institute of Chemical Physics in Dalian, Liaoning province. Researchers from other CAS […]
The Asian Development Bank has approved a US$147m loan to tackle acid rain in central Anhui province. The aim of the project is to reduce the pollution that causes acid rain, which is especially damaging to agriculture, forestry and water ecology in the Yangtze River valley. The project has three specific goals: to lower sulphur […]
China has pledged to cut the amount of sulphur dioxide, industrial dust and other major polluting wastes by 10 per cent in 2005, compared with 2000 levels. The State Council has approved government spending of Yn65bn on environmental control measures out of an estimated Yn700bn that will be spent nationwide in the five years to […]
The southern city of Shenzhen is being transformed from paddy field to a Chinese Silicon Valley, with only a brief interim period as a toy and textile manufacture. Even by Chinese standards, few growth stories have been as impressive as Shenzhen’s. Its odyssey from rural backwater to wildwest boomtown has become legendary, not just for […]
Figures from the Ministry of Foreign Trade and Economic Co-operation (Moftec) indicate a strong recovery in foreign direct investment (FDI) in 2001, apparently buoyed by China’s progress towards WTO membership. Realised FDI in 2000 was virtually unchanged from a year earlier, so the 14.9 per cent year-on-year growth in 2001 represents a dramatic rebound – […]