Energy in China

Push for investment

In the face of slowing domestic growth and troubling economic news in the United States and Europe, China has begun rolling out programmes to boost its economy.

Wednesday, 20 June, 2012, 12:00am

Fuel fears

The Shanghai Co-operation Organisation ended its 12th summit in Beijing this month with a statement signed by all members, clearly expressing the group's opposition to any type of military attack on Iran. It particularly revealed China's concern about a US-led attack on Iran, a country of strategic importance for Beijing.

14 Jun 2012 - 12:00am

Price controls hit PetroChina profit

PetroChina, the nation's largest oil and gas producer, is pinning its hopes on more favourable government energy pricing and tax policies this year to reverse last year's fall in profits.

30 Mar 2012 - 12:00am

Shengli eyes big pipe production growth

Shengli Oil & Gas Pipe Holdings, a company spun off from state-backed oil and gas major China Petroleum & Chemical (Sinopec) in 2004 to its employees, plans to expand its steel pipe production capacity by 43 per cent in two years even as sales are hit by Beijing's macro-tightening measures.

13 Mar 2012 - 12:00am

US companies plan to boost China investment

American companies in southern China are operating profitably and plan an aggregate 20 per cent increase in investments over the next three years to expand their operations in the region despite a sluggish world economy, according to the American Chamber of Commerce in South China.

29 Feb 2012 - 12:00am

Sinopec targets Xinjiang for oil and gas expansion

Mainland oil and gas producer Sinopec plans to spend 53 billion yuan (HK$65.06 billion) on expanding output, refining capacity and fuel distribution infrastructure in the northwestern Xinjiang Uygur Autonomous Region.

14 Feb 2012 - 12:00am

Help China in drive for resources, U.S. body says

The US should partner China's aggressive international expansion to acquire resources instead of viewing it as a threat, said some speakers at a recent hearing of the US-China Economy and Security Review Commission (USCC), a US body that advises Congress on Sino-US relations.

13 Feb 2012 - 12:00am

Foreign backers no longer wanted for car plants

Beijing has put a brake on the rapid expansion of car manufacturing, discouraging foreign investment in assembly lines in the face of possible overcapacity.

The National Development and Reform Commission (NDRC), the top economic planning agency, said the policy was aimed at ensuring healthy development of the car sector.

30 Dec 2011 - 12:00am

Beijing must back NDRC in probe of telecoms giants

The National Development and Reform Commission's announcement last week that it is investigating two of the mainland's telecommunications giants for monopolising internet broadband services certainly stirred up a hornets' nest.

14 Nov 2011 - 12:00am

A summer of power failures looms

With summer yet to reach southern China, power shortages have been spreading from one province to another, prompting the National Development and Reform Commission to warn that the nation will see its most serious shortages in recent years.

8 May 2011 - 12:00am

Beijing asks for foreign companies' input on plan

Beijing had for the first time consulted foreign companies in the process of drawing up its five-year plan, the European Union Chamber of Commerce in China said.

26 Jan 2011 - 12:00am

Beijing to review opening of service sector

Beijing will study whether to further open the nation's service sector, including some industries not covered by its World Trade Organisation commitments, a senior official says.

9 Sep 2010 - 12:00am

Imports fuel pressure on gas price increases

Beijing will continue to raise gas prices as Monday's 25 per cent jump leaves plenty of room for further increases given that domestic gas cost just half that of imports, analysts said.

2 Jun 2010 - 12:00am

Beijing lifts the price for transmitting natural gas

Beijing has raised the price of natural gas transmission for the first time in more than five years, a move widely seen as a precursor for gas price rises to reflect higher costs of production from new domestic fields and more expensive imports.

28 Apr 2010 - 12:00am

Will new national energy agency be just another toothless body?

After more than two years of bureaucratic wrangling, the mainland leadership last week announced the establishment of the National Energy Commission (NEC).

1 Feb 2010 - 12:00am