Three nuclear power plants currently under construction will begin operation in 2002, according to a Chinese nuclear official reported by Xinhua. The first generating unit in the second phase of the Qinshan station in Zhejiang province has started to generate electricity and the third is expected to begin commercial operation later this year. The Lingao […]
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Yingkou aims to double capacity
The port of Yingkou in Liaoning province is to invest at least Yn1.6bn over the next 10 years to double its handling capacity to 50m tonnes a year, said China Daily. Six new piers will be constructed and the port’s channel will be deepened to accommodate 10,000-tonne cargo ships. A large distribution centre and grain […]
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MTL to develop existing ports
Modern Terminals Ltd of Hong Kong said that it plans to invest US$128m-256m in its existing port projects in China over the next three years. The container terminal operator has investments in several berths in Hong Kong and Shenzhen. Preliminary data showed that MTL’s throughput rose 3 per cent year-on-year in 2001 to 3.16m teu.
An annual business confidence survey conducted in Hong Kong found that more international companies prefer to invest in Shanghai than in Hong Kong. The survey, conducted by the Better Hong Kong Foundation, found that 59 per cent of respondents said they intended to invest more in Shanghai, compared with 44 per cent in Beijing and […]
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Bid to host 2010 World Expo
China has formally applied to host the 2010 World Exposition, Shanghai Daily News reported. Shanghai’s acting mayor Cheng Liangyu said that preparing for the expo would require a minimum investment of US$2.5bn, but that the expo would stimulate the city’s infrastructure and service sector. Shanghai is one of six cities bidding to host the event. […]