China Economic ReviewThe growth rate of the telecoms sector in China appears to be slowing down, according to the Ministry of Information Industry. Total revenues for the sector in the first nine months of 2001 reached Yn257.5bn, 12.5 per cent higher than in the same period of 2000. This compares with a 25 per cent growth rate […]
The State Council has agreed a proposal to split China Telecom, the country’s major fixed-line operator, into northern and southern companies, China Daily said. The northern segment, covering 10 provinces, would be merged with data carriers China Netcom and Jitong Communications to form a new company, while the southern segment, comprising the remaining 20 provinces, […]
The central government has approved a US$3bn project to build a petrochemical plant in Quanzhou, Fujian province. The plant is a joint venture between China Petroleum & Chemical, Fujian Petroleum & Chemical, US oil giant Exxon Mobil and Aramco of Saudi Arabia, with each partner holding a 25 per cent stake. The plant will have […]
Construction of China’s first large-scale garbage incineration power plant in Ningbo, Zhejiang province, was completed in November, Xinhua reported. The plant, which cost Yn400m to build, will be able to incinerate 1,000 tonnes of domestic waste a day. Sewage from the plant will be drained through specially sealed waste pipes into a local sewage […]
Chinese and Russian technicians have begun to install equipment for the first phase of the Tianwan nuclear power station in Lianyungang, Jiangsu province, Xinhua reported. The Russian nuclear power minister Alexander Rumyantsev visited the city for the start of the installation. The first phase of the project involves two nuclear power generating units with a […]