Chinese authorities have failed to observe the terms of their power purchasing agreements for two foreign-invested power projects in Fujian province, the Financial Times said. The Meizhou Wan and Houshi power generation projects are the latest of several such cases that have occurred over the past five years. Local government officials have told the plants […]
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The State Council has approved a radical reform of the State Power Corporation, which holds a near-monopoly on electricity generation and distribution, in order to spur competition within the industry, South China Morning Post said. The reform, proposed by the State Development Planning Commission, involves splitting generation from distribution, restructuring assets, setting up bidding systems […]
Shanghai city government plans to develop three logistics parks as part of its move to attract more international logistics firms, according to Shanghai Daily. The parks will 8 be sited in Waigaoqiao, Pudong and at a third location northwest of the city near the Outer Ring Road. The Waigaoqiao site will be developed over […]
The State Post Office and Guangdong Post Office will invest millions of yuan to build what will be the most advanced postal services and logistics support centre in Asia, Shenzhen Commercial Daily said. The new centre will be situated in Shenzhen Aviation Logistics Park and will use advanced automatic mail-handling systems. Mail will no longer […]
The proposed 2,400km Sino-Russian pipeline that will bring Siberian crude oil to China is expected to be operational by 2005, Xinhua reported. The oil will be used mainly in refineries in the oil-producing Daqing region of northeast China. China National Petroleum (PetroChina) plans to invest US$700m while the Russian financial commitment is expected to reach […]