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Thu, 23 Feb 2012 01:21:19 +0000

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Shanghai Electric sells stake in Topsolar for RMB 138.6 mlnPublished: 04 Jan 2009 01:07:07 PSTJan. 4, 2009 (China Knowledge) - Shanghai Electric Group Co Ltd (SEG), China's largest producer of power equipments, has sold the 36% stake it holds in Shanghai Topsolar Green Energy Co to Yancheng Dongtou New Energy Equipment Co for RMB 138.6 million, according to a SEG's statement filed with the Shanghai Stock Exchange.The transaction is estimated to bring SEG a net gain of RMB 3.38 million.The Shanghai-based company will sell the remaining 25.35% in Topsolar soon and expected to gradually exit the field of solar energy business and focus on its core business such as wind power. SEG's gross profit rate of electrical equipments in the first half of last year rose to 19.5%, while that of its solar energy-related business stood at 7.1%, according to a company source.Copyright � 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News冷风机弹簧过滤机网络电话クレジットカードショッピング現金化弹簧 air conditioner motor solid wood kitchen cabinets

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Thu, 23 Feb 2012 01:20:18 +0000

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Toyota cuts output at China plant Published: 28 Sep 2008 01:16:43 PSTTOKYO, Sept 28 - Japan's Toyota Motor Corp has started to reduce production at a plant in China, the world's second-largest auto market, the Nikkei business daily said on Sunday.Toyota has begun to reduce production of small- and medium-sized automobiles at its main factory in Guangdong by about 10 percent, the paper said.The Nikkei said it was the first time that Toyota was adjusting production at the plant, which has an annual production capacity of 200,000 vehicles.The output cut, which began this month, is likely to take place for several months at least, it said.Mazda Motor Co said in August that it is cutting production in China after slower-than-expected sales of its compact cars swelled inventories.Car sales growth in China slowed to 17.07 percent in the first half after a rise of 20 percent or more annually since 2005.rta kitchen cabinets 工作流外汇交易北京翻译公司搅拌机芦荟外汇保证金交易 skateboard bearings

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kuu18 - Ð½Ð¾Ð²ÑÐ¹ ÑÑÐ°ÑÑÑ: Deliveri equipaciones de fútbol ng the Fruit of Romance equipaciones de fútbol abendgarderobe große größen outsourcing cities alcohol fireplace Metallurgical [...]

Thu, 23 Feb 2012 01:19:20 +0000

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Delivering the Fruit of RomancePublished: 21 Apr 2009 19:26:58 PSTAuthor: Dong JirongLychees, with their reddish spiky skin around a delicious, jelly-like pulp are much favored fruit around the world, and China is no different.They taste great but unfortunately get spoil really quickly. However, thanks to the modern transportation it’s not difficult to find cheap, ripe Lychees in Beijing, even though the northern capital is far away from the southern China where Lychees are grown.More than a thousand years ago, a woman who lived in Chang’an, today Xi’an, capital of Northwest China’s Shaanxi Province, was also fond of Lychees. She was Yang Yuhuan, the favorite concubine of Emperor Tang Xuanzong (685-762) and one of the most beautiful and fashionable women in Chinese history.Due to slow modes of transportation, the Emperor set up a special courier service with teams of swift horses to deliver the fresh fruits hundreds of miles from south China to the Imperial court for his consort. It’s said that riders and horses were changed along the way and the fruit was rushed to the palace as quickly as possible before they were spoiled.When the Lychees arrived, the concubine was very happy would give a beautiful smile. A poem by Du Mu, a poet of the Tang Dynasty (618-907), exposed and satirized this palace extravagance. It reads: "A horse gallops across the land at full speed, and the concubine laughs. Who else knows it is lychees coming." Ever since then lychees have been considered in China the finest of delicacies and a symbol of romance. One type of lychee is even named “Smiling Concubines.”One might be amazed by the speed at which fresh lychees were carried to Chang’an. To understand it, it is worth learning more about the postal service in the Tang Dynasty.The national postal service was created in the first Chinese empire, under the Qin Dynasty (221-207 BC), to enhance the imperial control throughout the huge country. About a thousand years later, the postal system was more developed and efficient in the Tang Dynasty.The central government employed thousands of postal workers of various ranks and responsibilities to provide service for post offices and larger postal stations. Major postal stations were placed every 30 li (one li in Tang times = 450 m) along every major road in the country. According to historical records, during the reign of Emperor Tang Xuanzong, 1,639 postal stations were established nationwide, of which 260 were marine stations, 1,297 were land stations, and 86 served both functions. The speed of postal service was legally regulated. Depending on the urgency of the post the speed of postal riders ranged from 180 li, 300 li, and even up to 500 li, about 225 kilometers, a day. This full-fledged postal system helped to connect the heart of the empire with every corner of the country.Knowing this, it’s not difficult to understand how the special lychee-delivery team was able to transport fresh lychees the many miles to Xian so efficiently.Yet, no matter how swift the postal service was, it would still take days to deliver the spoilable fruit from South China to the northern city of Xi’an. It’s said that measures had been taken to maintain its freshness before embarking on a long and tough journey. Some agree trees with would-be ripe lychees atop were transferred along the way and the fruits would be picked down when the destination was drawing near. Some others maintain lychees connected with branches and leaves were put in containers and sealed with wax to ensure freshness.Ordinary fruit they might be in China today, lychees were capable of being, without exaggeration, crowned “the National Fruit” more than a millennium ago as they happened to be the favorite of the First Lady. What’s more, the love story of Emperor Tang Xuanzong and Lady Yang also justifies the lychees o ready to assemble kitchen cabinets 工作流北京翻译公司 lithium batteries 风机箱弹簧 in stock kitchen cabinets miniature bearings

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kuu18 - Ð½Ð¾Ð²ÑÐ¹ ÑÑÐ°ÑÑÑ: Shanghai inspector geiger counters becomes new home for GM int'l operation base inspector geiger counters automotive fuse hex [...]

Thu, 23 Feb 2012 01:17:01 +0000

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Shanghai becomes new home for GM int'l operation basePublished: 12 Jul 2009 23:02:01 PSTBy Shi JieruiGeneral Motors Corp (GM) is establishing Shanghai as its new international operations base, and appoints former GM Asia Pacific president Nick Reilly, to be executive vice president of the global operational base, right after GM's restructuring.The new GM has given up all if its previous regional operation systems and withdrawn the establishment of operational areas in Latin America, Europe, North America and Asia Pacific. Instead it has settled its global operational base in Shanghai, coordinating its operations in various areas around the world.The establishment of GM's operation base in Shanghai demonstrates the emphasis GM has placed on the Chinese market, the company said in a statement.GM reported its sales in China surged 38 percent in the first half year to a record 814,442 units. In 2008, its sales in China grew 6.1 percent to 1.1 million units. Explore the World, Understand China!Please log on http://www.gloaltimes.cn cheap kitchen cabinets 弹簧 elevator manufacturer 有机玻璃风机港澳游激光切割机喷丝板

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China's shipbuilding industry shows signs of recoveryPublished: 17 Aug 2009 23:30:59 PSTTop 5 News From ChinaKnowledge.comHang Seng Index opens 12 points lower on TueReneSola to invest RMB 4.8 bln in PV project in WuzhongChina Oceanwide interested in 29% stake in Legend HoldingsDell, China Mobile jointly developing mobile devicesAir China buys 13% stake in Hong Kong's Cathay PacificAug. 18, 2009 (China Knowledge) - China's shipbuilding enterprises received new shipbuilding orders totaling 4.1 million dead weight tons in July, accounting for nearly 70% of the world's total, according to statistics released by the China Association of the National Shipbuilding Industry. It is the second consecutive month that China has received the most shipbuilding orders, surpassing Japan and South Korea, the two largest shipbuilders in the world. China's shipbuilding industry has taken a series of measures, including adopting a relatively relaxed loan policy, to rejuvenate the industry. Meanwhile, shipbuilding enterprises have closely cooperated with ship owners to expand market demand. In the first half of this year, China's total export volume of the three main ship types amounted to US$9.13 billion, accounting for about 70% of China's total ship export volume.The world's shipbuilding industry received no global shipbuilding orders in May 2009, marking the lowest level in at least seven years. Due to overcapacity in the shipping market, China's shipbuilding industry has faced order cancellations, ship delivery delays and severe financial strain.To combat these difficulties, China's shipbuilding enterprises should focus on achieving high productivity, high efficiency, low cost and low energy consumption and change the risks into opportunities, said Yang Xinfa, deputy secretary of CANSI.Copyright � 2009 http://www.chinaknowledge.com RTA cabinets 门禁 china elevator lipo battery 超声波清洗机弹簧弹簧实验室家具

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Beijing Foton Cummins starts engine productionPublished: 10 Jun 2009 22:24:49 PSTShanghai, June 10 (Gasgoo.com) Beijing Foton Cummins Engine Company Limited (BFCEC), a 50:50 joint venture between U.S-based Cummins Inc. and China's Beiqi Foton Motor, put its production line into operation today, producing Cummins light-duty, high-performance ISF diesel engines, xinhuanet.com reported.With a power range from 109-170 horsepower, the new ISF2.8 and ISF3.8 meet stringent emission standards worldwide, including Euro IV and above. The ISF engines will be supplied to both the Chinese and overseas markets. The Foton Cummins ISF3.8 diesel engine will be produced and used in Beiqi Foton's Aumark, Auman, Ollin and MP-X vehicles. Cummins and Foton Motor have invested $146 million together in the joint venture. BFCEC will have an annual capacity of 400,000 units. When operating at full capacity, BFCEC will be Cummins' highest volume manufacturing plant and one of the largest light-duty engine manufacturing facilities in China. Full Story烘箱过滤器 panoramic elevator lithium batteries 超声波负压风机 oa办公系统カード現金化比較

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kuu18 - Ð½Ð¾Ð²ÑÐ¹ ÑÑÐ°ÑÑÑ: SINA's n in stock kitchen cabinets et profit up 54% in 2008 in stock kitchen cabinets redispersible [...]

Thu, 23 Feb 2012 01:13:07 +0000

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SINA's net profit up 54% in 2008Published: 18 Mar 2009 00:25:19 PSTMar. 18, 2009 (China Knowledge) - Nasdaq-listed SINA Corp, a leading internet portal in China, on Monday announced its 2008 financial results, which showed a net profit rise of 54% from a year earlier, sources reported.The company realized US$88.8 million in net profit in 2008, largely attributable to its online advertising business. Its net revenue rose 50% year on year reaching US$369 million, of which US$258.5 million came from its advertising business. During the fourth quarter, SINA realized US$101.5 million in revenue, up 46% year on year, while down 4% from a quarter earlier.As for the first quarter in 2009, SINA predicts that its total revenue will bebetween US$73 million and US$77 million. Charles Chao, CEO of SINA, said the advertising revenue may not perform well in Q1 because customers have suspended advertising budgets amid the global financial crisis. Advertising revenues are expected to be between US$43 million and US$46 million. Copyright � 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News纯水设备激光打标机 Rift platinum 深圳装饰公司物流公司环保空调現金化比較 monolithic refractories

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Thu, 23 Feb 2012 01:11:49 +0000

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TCL sells 6.28 mln LCD TVs in Jan-OctPublished: 12 Nov 2009 01:11:15 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketNov. 12, 2009 (China Knowledge) - TCL Corp, a major Chinese TV and mobile phone manufacturer, earlier this week released its sales figures, which show that the firm sold 6.28 million liquid crystal display TVs in the first ten months of this year, more than double the number it sold in the same period of last year, sources reported.TCL Multimedia Technology Holdings Ltd is the only subsidiary of TCL whose sales increased in the period; sales of mobile phones and home appliances declined during the period.The firm saw sales of audiovisual products grow 23.6% year on year in the first ten months, whereas CRT TV sales dropped 49.2% from a year earlier during the period.LCD TV sales reached 753,000 units in October, surging 78.4% year on year. Domestic sales skyrocketed 340.2% from a year earlier, and sales in North American and emerging markets were up 322.3% and 255.9% during the period, respectively.TCL sold 59,000 air conditioners and 29,000 refrigerators in October, 21.3% and 34.6% more than last October, while washing machine sales fell 13.6% year on year to 44,000 units.The firm's sales revenue for the third quarter of this year was nearly RMB 12.77 billion, up 26.16% year on year, and its net profit skyrocketed 169.08% from a year earlier to RMB 37.4 million, according to sources.Copyright � 2009 http://www.chinaknowledge.com 老房子換金クレジット現金化深圳装修公司 CFD 湿帘 lithium battery refractories castable

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kuu18 - Ð½Ð¾Ð²ÑÐ¹ ÑÑÐ°ÑÑÑ: Shanghai all aluminum alloy conductor 's new apartment transaction volume shrank 3.9% in Jun all aluminum [...]

Thu, 23 Feb 2012 01:11:00 +0000

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Shanghai's new apartment transaction volume shrank 3.9% in JunPublished: 02 Jul 2009 23:38:09 PSTTop 5 News From ChinaKnowledge.comMicrosoft China releases attractive retail prices for Windows 7Chinese airlines seek help covering rising jet fuel costsShanghai GM sales up 71.5% in JuneGoogle China ad revenue up 25% in Q2Taiwan's Chunghwa Telecom to launch new iPhone 3GsJul. 3, 2009 (China Knowledge) - Shanghai sold 17,051 new apartments in June, a decrease of 3.9% from a month earlier, representing the first month-on-month decline in the first six months of this year, but the average price surged 11.8% month on month hitting RMB 15,525 per square meter (sq m), source reported.According to industry sources, the city's new apartment transaction area exceeded 8.8 million sq m in the first half of this year, a year-on-year jump of 70%. The total for all of last year was only 9.07 million sq m. In the first six months, the average price was RMB 13,714 per sq m, a year-on-year decline of 3%, but an increase of 5% compared with RMB 13,054 per sq m in the second half of last year. Shanghai sold 4,813 high-end apartments with transaction price exceeding RMB 25,000 per sq m in the first half of this year, whereas it sold only 5,542 such units last year.In the second quarter of this year, Shanghai saw a 1.4% quarter-on-quarter growth in the average price of high-end apartments and a 1.3% quarter-on-quarter growth in the average price of villas. A high-end apartment project that belongs to Shimao Property Holdings Ltd and is located in Lujiazui, Pudong District had an average price of RMB 45,379 per sq m, a quarter-on-quarter increase of 30%, sources reported.Copyright � 2009 http://www.chinaknowledge.com 烘箱クレジットカード現金化クレジットカード現金化口コミ Aloe vera CFD CNC Machining lithium battery refractories china

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Thu, 23 Feb 2012 01:10:13 +0000

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JAC makes over 300,000 passenger vehiclesPublished: 27 Sep 2009 19:02:01 PSTJAC says it produced 305,385 units of passenger vehicles, and achieved success in making both commercial and passenger vehicles, as it previously only focused on commercial ones.Since March this year, JAC sold more than 10,000 units of passenger vehicles every month. JAC said the commercial vehicles are still the core business for the company. The 2009 sales target for commercial vehicles is 180,000 units and for passenger vehicles 120,000 units.Agencies and Shi Jierui contributed to this story Explore the World, Understand China!Please log on http://www.gloaltimes.cn 短信群发ショッピング枠現金化ペニーオークション外墙清洗弹簧 China Sourcing 深圳罗湖搬家ビジネスローン

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Thu, 23 Feb 2012 01:09:08 +0000

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City Introduction of Xinjiang, China: Kashi PrefecturePublished: 10 Apr 2009 13:35:34 PSTMajor Economic Indicators (2007)Land Area111,794 km2Population3.8 millionGDPRMB 21.7 billion (US$2.9 billion), 31.8% upGDP CompositionPrimary Industry (Agriculture)42.0%Secondary Industry23.3%(Industry&Construction)Tertiary Industry (Service)34.7%GDP Per CapitaRMB 5,958 (US$792) Unemployment Rate3.5%Fixed Asset InvestmentRMB 10.6 billion, 42.1% up Utilized FDIN.A. Total Import & ExportUS$1.2 billion, 197.2% up

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kuu18 - Ð½Ð¾Ð²ÑÐ¹ ÑÑÐ°ÑÑÑ: Shenergy ipad converter Group to issue RMB 4 bln in medium-term notes ipad converter roll forming machine [...]

Thu, 23 Feb 2012 01:07:47 +0000

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Shenergy Group to issue RMB 4 bln in medium-term notesPublished: 18 Aug 2009 17:35:37 PSTTop 5 News From ChinaKnowledge.comFounder Technology net profit falls 31% in H1First Eastern's unit to launch RMB 6-bln fund in ShanghaiVW China sales surge 68% to 128,000 units in JulyAirMedia unaudited Q2 net loss reaches US$7 mlnAngang Steel posts RMB 1.56 bln in H1 net lossAug. 19, 2009 (China Knowledge) - Shenergy Group, parent of Shenergy Co Ltd, will start this year's second issuance of medium-term notes worth RMB 4 billion on the interbank market on Aug. 20, 2009, sources reported.The medium-term notes will be issued at face value and the yield will be determined in the process of book building.Both the value date and the payment due date of the notes will be Aug. 21. The bonds will mature for payment after three years from the date of issue.Shenergy Group did not disclose the use of the proceeds from the issuance. The Shanghai-based firm earlier raised RMB 3 billion through issuing the first batch of medium-term notes of this year in order to replenish working capital and improve its debt structure.China Chengxin International Credit Rating Co has rated the issuer and the notes AAA and AAA.China International Capital Corp and China Construction Bank Corp have been assigned as the major underwriters for the sale.Copyright � 2009 http://www.chinaknowledge.com 冷热冲击试验箱深圳装饰公司港澳游管理咨询 Superannuation 搅拌机香港花店 autoboss V30

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kuu18 - Ð½Ð¾Ð²ÑÐ¹ ÑÑÐ°ÑÑÑ: Jinan Ir LED pour eclairage routier on and Steel suffered decline in profit in 2008 LED [...]

Thu, 23 Feb 2012 01:06:56 +0000

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Jinan Iron and Steel suffered decline in profit in 2008Published: 08 Mar 2009 23:00:00 PSTMar. 9, 2009 (China Knowledge) - Jinan Iron and Steel Co Ltd, a major domestic steel producer in East China's Shandong Province, said it realized over RMB 780.6 million in net profit in 2008, 60.13% less than its profit one year earlier, the Shanghai Daily reported.According to the company's 2008 annual report, the steel producer realized around RMB 43.18 billion in operating income, up 21.38% year on year. Earnings per share (EPS) were RMB 0.55. The company will issue a dividend of about RMB 0.5 per 10 shares (including tax) to all shareholders.The company attributed the profit decline to the sharp decrease in both domestic and overseas demand amid the global financial crisis. Moreover, the demand contraction caused the rising stockpiling and led steel prices to drop.In 2009, the company hopes to realize RMB 881 million in net profit and hopes to output 7.67 million tons of pig iron, 8.93 million tons of steel and 7.53 million tons of rolled steel. Copyright � 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News深圳装修公司 car sun shades FAX DM uv灯 furniture legs bldc motor 乳化机 lithium polymer

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Chinese stocks open 0.2% higher on ThuPublished: 11 Nov 2009 17:50:38 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketNov. 12, 2009 (China Knowledge) - Chinese stocks opened higher on Thursday morning. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 3,181.46 points, up 0.2% or 6.27 points from the previous closing.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.22% or 28.99 points higher at 13,135.9 points.Copyright � 2009 http://www.chinaknowledge.com 深圳装饰风机 washing machine spare parts lithium batteries 外汇保证金离心风机乳化机冷热冲击试验机

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Thu, 23 Feb 2012 01:04:05 +0000

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Shandong Gold to buy exploration right from parentPublished: 27 Nov 2009 01:17:48 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketNov. 27, 2009 (China Knowledge) - Shandong Gold Mining Co, the third-largest bullion producer in China, plans to buy exploration right to the Sanshandao gold mining area in Laizhou, Shandong Province from its parent, Shandong Gold Group.The Shanghai-listed gold producer said in a statement on Wednesday that it will pay not more than RMB 209 million for the right, which Shandong Gold Group put up for sale at the Shandong Property Right Exchange Center. The base price was set up RMB 161 million.The Sanshandao mining area, with 3.76 million tons of usable ore, is expected to boost Shandong Gold's gold resources by 11 tons.In 2008, Shandong Gold posted a net profit of RMB 636.81 million, and its revenue were RMB 19.87 billion.Shares of Shandong Gold shed 3.83% to close at RMB 86.09 on Thursday.Copyright � 2009 http://www.chinaknowledge.com 冷热冲击试验箱クレジットカード現金化口コミ kitchen cabinets on sale OA dental bearings カード現金化比較电炉 lithium polymer

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Thu, 23 Feb 2012 01:02:27 +0000

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Tibet's GDP to maintain stable growthPublished: 24 Dec 2008 01:21:13 PSTDec. 24, 2008 (China Knowledge) - The gross domestic product (GDP) of China's Tibet Autonomous Region is estimated to reach RMB 39.2 billion this year, up 10.1% from a year earlier, sources reported, citing QiangbaPuncog, chairman of the regional government.Despite the difficulties and hindrances happened this year, such as earth quake, snow disaster and financial turmoil, the economy of Tibet also keeps double-digit economic growth in 16 years, said the chairman.The fixed-assets investment in the region is expected to reach RMB 31 billion, up 14.3% year-on-year.So far, 76 of the 180 projects in the country's 11th five-year plan have been completed. The per capita net income of farmers and herds people in the region will increase to RMB 3,170, representing a year-on-year increment of 13.7%.Tibet will receive 2.2 million tourists in 2008, according to QiangbaPuncog, without providing any estimated revenue for the whole year.Copyright � 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newsuv机外国為替 lithium 3.6V battery Aloe vera 热处理设备 kitchen accessories 深圳搬家公司深圳南山搬家公司

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Great Wall Motor recalls 17,916 Hover crossoversPublished: 26 Nov 2008 01:50:42 PSTNov. 26, 2008 (China Knowledge) - Hong Kong-listed Great Wall Motor Co, China's largest manufacturer of sports utility vehicles (SUV) and pick-up trucks, is recalling 17,916 Hover CUVs from Nov. 25, due to defects of the steering gears, according to China's General Administration of Quality Supervision Inspection and Quarantines.The defected vehicles were produced between Apr. 1, 2005 to Jul. 28, 2006 and reported to have oil leakage from the steering gears and oil blockage in the left cavity, according to the recall report. Great Wall Motor promised to offer free inspection for the recalled vehicle as well as replace the problematic steering gears.Copyright � 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News老房子外国為替 OA系统电磁流量计 passenger elevator bathroom vanities lithium polymer 冷热冲击试验机

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Thu, 23 Feb 2012 01:00:37 +0000

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China's fiscal revenue dives 17.1% in JanPublished: 17 Feb 2009 18:57:05 PSTFeb. 17, 2009 (China Knowledge) - China saw its fiscal revenue fall 17.1% year on year to RMB 613.16 billion (US$89.72 billion) in January, according to a statement issued by the Chinese Ministry of Finance on Monday.The revenue of local governments in January edged down 2.7% to RMB 316.68 billion over the previous year, while that of the central government experienced a sharper decline of 28.4% to RMB 296.48 billion from a year earlier, said the statement.The ministry attributed the dive mainly to the slowdown of economic growth, poor corporate performance and reduced channels for fiscal revenue. The government's tax-cutting policies also contributed to the sharp decline.The Spring Festival holiday also affected the fiscal revenue in January due to the deduction of five working days, whereas in 2008, the holiday fell in February, the ministry added. Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina NewsMBA car sun shades 外匯買賣电磁流量计 XP系统下载 kitchen cabinets wholesale 自清洗过滤器深圳搬家公司 Share trading

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kuu18 - Ð½Ð¾Ð²ÑÐ¹ ÑÑÐ°ÑÑÑ: Economic led flashlight recovery pushes up domestic oil demand led flashlight billige kleider Luteolin Api Ball Valve hot runner Share trading Wheel [...]

Thu, 23 Feb 2012 00:59:44 +0000

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Economic recovery pushes up domestic oil demandPublished: 15 Nov 2009 11:02:01 PSTBy Li Qiaoyi The International Energy Agency (IEA) raised its forecast for China's oil demand as the economy, spurred on by the government's stimulus packages, continues to bounce back.The IEA said the country's oil demand is expected to increase by 5.7 percent over last year to average 8.3 million barrels per day (bpd), 400,000 bpd higher than its previous monthly forecast, according to its latest monthly oil market report released Thursday."Surging demand in China" has partly contributed to the revised higher forecast for global oil demand, the IEA said in the monthly report.Global oil demand is expected to rise in the fourth quarter for the first time since the second quarter of 2008. The IEA increased its forecast for global oil demand this year to 84.8 million bpd, 210,000 bpd higher than last month's estimation, and raised its forecast for next year by 140,000 bpd to 86.2 million bpd.China released stronger-than-expected economic data last week. Industrial production in October showed the highest monthly increase since March, and urban fixed-asset investment in the first 10 months registered its biggest jump in 14 months, according to the National Bureau of Statistics.The IEA's forecast for China's oil consumption next year was unchanged from the previous monthly report that forecast an average 8.6 million bpd.Refiners would see narrower profit margins if the fuel price is higher than $80 per barrel. If the price is above $130 per barrel, refiners would see zero profit margins and the government is likely to take measures such as freezing domestic fuel prices to ensure supplies, according to the current fuel price mechanism.In addition, the IEA believes that the rollback of favorable measures encouraging car consumption at year end is likely to weaken the growth of gasoline demand.Zhong Jian, chief analyst of oilgas.com.cn, believes however that even though the country's oil prices are not in line with the global oil market, the government would issue new regulations if prices go too high.The total sales volume this year is contracting despite the recovery, said Zhong from oilgas.com.cn.The contraction is mainly due to declining diesel consumption because diesel used in large vehicles for transportation and manufacturing has dropped over the same period of last year, Zhong explained. Explore the World, Understand China!Please log on http://www.gloaltimes.cn 翻译公司 car sun shades 外匯買賣滤油机净化工程 kitchen cabinets lithium battery 除湿机 kitchen cabinets online

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