China Economic ReviewHangzhou’s natural beauty and close proximity to Shanghai make it a popular place for hosting business meetings and conventions. But the development of the economy is endangering the natural environment. Chinese are fond of saying that there are two places like paradise on earth: the city of Suzhou, with its many gardens, and Hangzhou. The […]
The ancient city of Hangzhou is improving its infrastructure base and targeting high-tech and foreign firms to diversify its industrial base. When Jack Ma, chief executive of online marketplace Alibaba.com wanted to escape the high costs of doing business in Shanghai, he didn’t have to look far for a new location. Just a few hours […]
The Non-Ferrous Metals Corporation of China has invested nearly US$60m in the Chambishi copper mines since it bought the operation from the Zambian government in 1998 for US$20m, said the Zambia Post. The company is also installing advanced technology at the mines to treat the slag derived from the copper and turn it into cobalt. […]
PetroChina, the country’s largest oil producer, has set up a unit to invest in overseas oil refining and chemical production, Bloomberg reported. The unit, called PetroChina International, will manage the construction and management of storage facilities, retail distribution networks and refineries for its parent. PetroChina set up a separate company last year to invest in […]
China is considering revisions to its rules that will unify the inspection standards on imports and exports, China Daily said. The new system will use a single set of standards and assessment procedures for the inspection of commodities and one obligatory standard mark for commodities made in China and abroad. The current rules, which have […]