Posted by: poddy on September 12th, 2008
Chinalco Northeast Light Alloy Co, which provides aluminum alloys to the aviation and defense industries, will spend more than 5 billion yuan ($729 million) to build a new plant as it tries to meet rising demand.
Construction of the 200,000-ton-a year alloy plant in Harbin, Heilongjiang province, began on Tuesday and it is due for completion in […]
Posted by: poddy on September 12th, 2008
China’s mainland reported a 41.6 percent year-on-year surge in the actual use of investment from other areas in the first eight months of this year.
Investment inflow reached $67.73 billion from January to August, China’s Ministry of Commerce said on Wednesday.
Zhang Hanya, a researcher with the National Development and Reform Commission, said the impressive growth indicated […]
Posted by: poddy on September 12th, 2008
The Ministry of Finance will “soon” draft special rules requiring local governments to buy more products from small and medium-sized enterprises (SMEs).
Funding to SMEs will be increased significantly to help them cope with the tightened credit situation and falling global demands, the ministry said Thursday.
The ministry will earmark 3.51 billion yuan ($512 million) worth of […]
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