ceshq

China plans 3 inland nuclear power stations
The design and first-phase construction of three inland nuclear power stations in China has begun, Wang Binghua, chairman of State Nuclear Power Technology Corp, said Wednesday at 2009 China Power Forum.
The new sites are Xian’ning in the central Hubei province, Taohuajiang in the central Hunan province and Pengze in [...]

Glut in output may hurt steel industry
Excess production may hit profi t margins. [China Daily]
China’s steel output may rise 10 percent this year, aggravating the steel sector’s oversupply problems and clouding the 2010 iron ore talks that are ready to kick off soon.
The country’s steel lobby, the China Iron & Steel Association (CISA), said yesterday [...]

Blowing up a property bubble

A bidder enters the race for a property during a sale at an auction house in Lanzhou, capital of Gansu province. [China Daily]
When China announced its massive stimulus plan, the package was aimed at putting the economy back on a long-term growth trajectory – not stoking another property boom.
But fears are [...]

Regulator to keep track of realtors
An eye-catching property ad along a street in Nanjing which reads “Do you want?” At the end of August, liabilities exceeded 90 percent of assets at more than 160 developers that have borrowed at least 50 million yuan each from banks, sources said. [China Daily]
China’s banking regulator plans to review [...]

Battle breaks out over game approval
In a rare turf war between regulatory agencies, the Ministry of Culture (MOC) yesterday opened fire on the General Administration of Press and Publications (GAPP), saying its decision to pull the plug on a popular online game was “an act out of bounds”.
The firefight broke out after GAPP decided [...]

Air China to hold 51% in cargo deal with Cathay
Air China will hold 51 percent of a cargo venture with Cathay Pacific which it hopes to finalize in the first half of next year, a Chinese airline executive said on Monday.
An industry newsletter sent to Reuters said the two carriers will provide 10 Boeing 747-400 [...]

Agricultural hi-tech fair opens, highlighting innovation
China’s most influential agricultural high-tech expo opened Sunday in Xi’an City, capital of northwest China’s Shaanxi Province, highlighting agricultural innovation and high-tech advancement.
More than 5,000 new agricultural technologies and projects of over 1,100 companies from home and abroad are showcased at the 16th China Yangling Agricultural Hi-Tech Fair, said Liang [...]

China probably not to extend favorable measures in property sector
With a solid recovery in the real estate market, the Chinese government would probably not continue the measures unveiled last October to boost the property sector amid the global financial crisis, the China Business newspaper reported Sunday on its website.
The Newspaper quoted an unnamed source close [...]

Smartphone wars heat up
Mobile operators are competing with each other in the 3G segment by offering new smartphones. [China Daily]
In China’s 3G-market arena, China Mobile has always been the front-runner. It was the first carrier to launch 3G services, the first to run an online application store, and the first to release its own mobile [...]

China retail sales may grow 16% in 2010
China’s retail sales will grow around 16 percent in 2010 as boosting domestic demand will remain the focus of policy, a newspaper cited a commerce official as saying on Thursday.
Wang Bin, an official in the market operation department of China’s Ministry of Commerce, said consumption had not [...]