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voda 10 januari 2018 21:15

China to boost shallow geothermal power heating to curb coal use in winter

Reuters reported that China will boost shallow geothermal energy heating in smog prone Beijing-Tianjin-Hebei and nearby regions. in a bid to curb coal use during winter as part of Beijing's fight against air pollution. Geothermal energy contained in terrain and waters less than 200 metres underground, with temperatures below 25 Celsius is encouraged to power heating systems in buildings

The National Development and Reform Commission asked regions with rich geothermal resources to replace coal heating "as soon as possible"

Some budgetary fund from central financial authorities will be allocated to support construction of geothermal projects

The NDRC has also asked local authorities to open the urban heating market and encourage private capital to invest in geothermal projects.

Source : Reuters

Bijlage:

voda 10 januari 2018 21:42

China aims to enable half of all new cars with AI by 2020 - NDRC

Reported that China aims to implement artificial intelligence technology in at least half of all its new cars by 2020 and cover 90 percent of its big cities and highways with a wireless network that can support smart vehicles, its top state planner said.

It said in a statement that these goals are part of a draft for a national smart car strategy that the National Development and Reform Commission (NDRC) wants to seek public feedback for.

China is aiming to become a world leader in artificial intelligence by 2025, with an aim to grow its core AI industries to over CNY 150 billion by 2020. Smart cars are a key part of the project.

The NDRC said it wanted to build a national team with officials from the State Council to guide smart car innovation and planned to encourage the launch of preferential policies for related businesses which could include tax cuts.

Source : Reuters

voda 11 januari 2018 17:06

France and China to build EUR 10 billion nuclear reprocessing plant

Global Construction Review reported that after more than 10 years of negotiations, French nuclear power company New Areva has signed a memorandum of understanding with the Chinese National Nuclear Corporation to build a EUR 10 billion plant in China to reprocess nuclear waste.

Considered crucial to the future of the French company, the arrangement was signed in Beijing in the presence of presidents Emmanuel Macron and Xi Jinping.

Although not legally binding, the agreement does commit the two sides to reaching the final handshake as soon as possible and to begin work on the plant in the course of 2018.

Philippe Knoche, the chief executive of New Areva, said in a press statement that “CNNC and New Areva have stepped up their efforts to reach agreement on the contract and we are seeing today very positive results. I am looking forward to finalising the negotiations soon, and starting the implementation of this landmark project with our partner CNNC in 2018.”

The site will be built in China, and will follow the basic design of France’s La Hague reprocessing plant in Normandy.

French newspaper Le Monde commented that the deal between New Areva and CNNC has been under discussion for so long, with so many changes of direction and disappointments, that it had became something of a joke in the world of the French nuclear power.

The deal is important for New Areva because with Japan, German and the US effectively out of the nuclear business, and with France placing more emphasis on renewables, China looks set to become the centre of the world’s nuclear power industry.

It also allows the French company to make the most of its expertise in nuclear fuel. China plans to avoid future uranium shortages by becoming one of the few countries in the world to build a “closed fuel cycle” industry, in which waste is reprocessed into new fuel.

This is New Areva’s speciality and, given the fact that Areva Group has made 6,000 employees redundant in the past two years, China represents a once-in-a-generation opportunity for the company to secure its future.

It also builds on the close relationship that has developed between EDF, the main French energy utility, and CNNC, with the French company holding 30% of the Taishan reactor (pictured), due to go online this year in southeast China.

Source : Global Construction Review

Bijlage:

voda 11 januari 2018 20:28

China punishes automakers for environmental offences - MEP

IANS quoted Beijing, China's environment watchdog as saying that it has punished two automakers in Shandong province for producing vehicles that failed to meet emission standards. Eight light diesel trucks produced by Shandong Kama Automobile Manufacturing Co. exceeded emission standards and 318 heavy diesel trucks had substandard pollution control devices, the Ministry of Environmental Protection (MEP). The company was ordered to correct the problems and fined CNY 31.7 million.

Shandong Tangjun Ouling Automobile Manufacture Co. was also fined for producing 109 substandard light diesel trucks.

Emissions from vehicles are a major source of air pollution in China. A revised policy in December outlined new vehicle emission limits on carbon monoxide, hydrocarbons, nitrogen oxides and particulate matter.

Source : IANS

voda 11 januari 2018 20:29

Chinese longest underwater highway tunnel under construction

Xinhua reported that construction of a tunnel has started under Taihu Lake in east China's Jiangsu Province. It will be the longest and widest underwater highway tunnel in China. The Jiangsu provincial transport department said Tuesday that a 43.6-meter wide highway tunnel on Changzhou-Wuxi Highway will run for 10.8 kilometers under the lake.

Xia Wenjun, head of the project, said the tunnel is scheduled to open in 2021. Xia said that "Taihu Lake is a famous scenic place. Tunnel construction must not impact on the lake's environment."

Source : Xinhua

Bijlage:

izdp 11 januari 2018 20:34

Ja, China heeft echt het licht gezien qua milieu en maakt er echt werk van.
Dat licht zal de roze olifant aan de andere kant van de oceaan nooit zien.
Gebrek aan voldoende hersencellen.

hirshi 11 januari 2018 20:57

quote:
izdp schreef op 11 januari 2018 20:34:
Ja, China heeft echt het licht gezien qua milieu en maakt er echt werk van.
Dat licht zal de roze olifant aan de andere kant van de oceaan nooit zien.
Gebrek aan voldoende hersencellen.

China heeft het licht gezien?
Te dom om zoiets te verzinnen.
Iets voor linkse domoren.

voda 12 januari 2018 12:27

Update: Chinese export stijgt wederom
Handelsoverschot op 362 miljard yuan.

(ABM FN-Dow Jones) De export in China is in december voor de tiende maand op rij gestegen. Dit bleek vrijdag uit cijfers van de Chinese douane.

De uitvoer van Chinese goederen nam afgelopen maand, gerekend in yuan, met 7,4 procent toe, na een toename van circa tien procent in november. De import steeg in de laatste maand van 2017 met slechts 0,9 procent.

Gerekend in dollars steeg de export in december met 10,9 procent en werd er 4,5 procent meer ingevoerd. De verwachtingen van economen lagen op respectievelijk 9,5 en 15,0 procent.

Het was voor het eerst sinds medio 2016 dat de export harder groeide dan de import.

Het handelsoverschot van China kwam vorige maand uit op bijna 362 miljard yuan, omgerekend ongeveer 55 miljard dollar, waar door economen was gerekend op 38,5 miljard dollar.

Update: om meer informatie toe te voegen.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires

voda 12 januari 2018 14:34

China says no major oil spill after Iran tanker collision

AFP reported that Chinese authorities battling to prevent an environmental disaster after a collision between an Iranian tanker and a cargo ship said no major oil spill has been detected, but 31 sailors remained missing. Cleanup and rescue ships have faced toxic fumes, rain and windy conditions as they scrambled to find survivors and avoid a massive oil slick since Saturday's incident.

The Sanchi, carrying 136,000 tonnes of light crude oil, has been in flames since colliding with the CF Crystal, a Hong Kong-registered bulk freighter, 160 nautical miles east of Shanghai.

Experts warned that a spill of the Panamanian-flagged 274-metre (899-foot) tanker's cargo could spell environmental catastrophe as authorities said the ship could explode or sink.

But China's transport ministry said in a statement that as of 6:00 pm Tuesday, "no large-scale oil spills were found on the sea surface" where the search is being conducted around the stricken vessel, which continued to burn.

The ministry said that the oil from the tanker is condensate oil that is expected to quickly evaporate upon hitting the water, with "very little residue on the water's surface."

A simulation test also found that less than one percent of oil content would remain on the sea surface five hours after a condensate oil leak.

The ministry said that thirteen search-and-rescue vessels are continuing to look for missing crew members within 900 square nautical miles of the tanker. But weather conditions are unfavourable, with "overcast and rainy weather", strong winds and waves.

Of the 30 Iranians and two Bangladeshis on the Sanchi's crew, only one body has so far been found.

The oil tanker was on its way to South Korea when it collided with the CF Crystal, which was transporting grain to mainland China. The Crystal's 21 Chinese crew members were all rescued.

Source : AFP

Bijlage:

voda 15 januari 2018 11:17

China zinc output falls 1.5 % in 2017 - Antaike

Kitco quoted Antaike as saying that China's zinc and zinc alloy production dropped by 1.5 % in 2017 to 4.73 million tonnes due to low processing fees, inadequate concentrate supply and the impact of strict environmental inspections.

December output fell by 25,000 tonnes from November to 402,000 tonnes on the back of environmental checks in Hunan province and seasonal maintenance at smelters elsewhere.

Market is "confused" about post-winter consumption outlook in China but historically low zinc concentrate and ingot inventories are set to support prices.

Antaike said that China's 2018 zinc output seen rising as more smelters come on stream, with Baiyin Nonferrous Group having already launched new capacity in the fourth quarter of last year.

Source : Kitco

voda 15 januari 2018 12:25

New Russia-China oil pipeline comes online - Xinhua

China’s capacity for importing Russian crude from eastern Siberia has doubled to 30 million tpy (600,000 bpd) with the opening of a second pipeline, Xinhua state news agency reported last week. The second pipeline is expected to make Russia the single biggest oil supplier to China in 2018 in rivalry with Saudi Arabia. The new pipeline, with an annual throughput capacity of 15 million tpy (300,000 bpd), runs alongside the Eastern Siberia-Pacific Ocean (ESPO) pipeline already in operation between Skovorodino in Siberia and Daqing in China’s Heilongjiang Province. The two lines cross the border at Mohe.

The pipelines in China are operated by state-run PetroChina.

ESPO has shipped 110 million tonnes (806.3 million barrels) of oil since it began operating in 2011, Xinhua said.

Xinhua said the introduction of the second line was “intended to deepen energy co-operation between China and Russia and serve the China-proposed Belt and Road Initiative”.

China has been steadily increasing crude oil imports from wide-ranging global sources since the price crash in 2014, including Central Asia, the Middle East, South America and the US, while its domestic production has declined.

Imports in November topped 9 million bpd, including record purchases from the US averaging 289,000 bpd, shipping tracker ClipperData reported.

Much of the additional Russian imports will go to three major refineries operated in northeast China by PetroChina which are undergoing capacity upgrades, Reuters said. These are at Liaoyang, Dalian and Jilin.

The state major is investing US$880 million on doubling refining capacity to 400,000 bpd at its Liaoyang Petrochemical plant in Liaoning Province. The upgrade is anticipated to be completed this year.

Source : Strategic Research Institute

voda 15 januari 2018 12:26

Chinese leads in global shipbuilding industry in 2017

CCTVPlus reported that China’s shipbuilding industry ranked first in the world in 2017, according to a report recently released by the world’s largest shipbroking and integrated shipping services provider. Data released by the British shipbuilding analysis agency Clarkson Research Services shows that in 2017, China took the first place in three indexes measuring the development and capacity of a country’s shipbuilding industry: the completion of ships, new orders, and volume of holding orders.

Mr Guo Dacheng, chairman of China Association of the National Shipbuilding Industry, said that “The completion rate reached 41 percent [of the global market], while the volume of new orders came to 42.4 percent, and our holding orders accounted for 44 percent. I should say that it’s not easy to achieve such a level in this difficult situation.”

From the 1950s to the beginning of the 21st century, the three indexes had been topped by Japan or South Korea. In 2010, China exceeded South Korea and ranked first in the world. The record was kept for years until China was surpassed by South Korea in the completion in 2016 and ranked second.

Among the three indexes, the volume of new orders is the most noticeable. The new order China received in 2017 saw a year-on-year growth or nearly 30 percent. The increase reflects an improvement of the quality of China’s shipbuilding industry.

Source : CCTVPlus

Bijlage:

morgen1 15 januari 2018 17:22

HNA's Problems Mount as Airlines Delay Payments, Bank Sets Up Team to Handle Debt: Sources

www.nytimes.com/reuters/2018/01/15/bu...

voda 16 januari 2018 15:46

China's 2017 iron ore imports hit record high

Kitko reported that Chinese iron ore imports fell 11% in December from the previous month, but full-year shipments were at a record high, customs data showed, as the world's top consumer bought more imported raw material to ramp up steel output. Arrivals for December came in at about 84.3 million tonnes, versus 94.54 million tonnes in November, according to Reuters' calculations based on annual data from the General Administration of Customs showed.

Full year shipments rose 5% to a record high of 1.075 billion tonnes, exceeding 1 billion tonnes for a second year.

Chinese steel mills have increased production on the back of a strong recovery in steel prices that has pushed profits to the highest in about two decades.

Ms Wang Di, an analyst with CRU in Beijing said that "The 5 % annual increase is within our expectations."

Ms Di said that "Big miners have expanded their production and shipments while China's crackdown on illegal furnaces that use scrap for production in the first half spurred demand for seaborne iron ore. Appetite for imported iron ore from Chinese steel mills remains strong."

Demand for higher quality imported iron ore, mainly from Australia and Brazil, has partly been driven by China's pollution crackdown.

Chinese steel prices have nearly tripled from their lows in late 2015. Prices surged 46 % last year, while Chinese iron ore prices jumped 16 %.

Iron ore demand and steel output are expected to be at 1.12 billion tonnes in 2018 and 838 million tonnes respectively, the China Metallurgical Industry Planning and Research Institute said last month. Australia on Monday said it expects iron ore prices to average USD 51.50 a tonne this year, down 20 % from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks.

Source : Kitco

Bijlage:

voda 16 januari 2018 16:58

China to establish barrier-free transport system by 2020 - MOT

Xinhua reported that China is looking to establish a service system for barrier-free transport by 2020, according to the Ministry of Transport (MOT). A guideline on improving transportation services for the elderly and the disabled was jointly released by the MOT, the Ministry of Housing and Urban-Rural Development, the China Disabled Persons' Federation and four other departments.

By 2020, barrier-free facilities should be established at all newly-built and rebuilt railway stations, service centers along expressways, airport terminals and other transport facilities, for the disabled and the elderly.

The guideline reads post offices should make sure that any mails for the elderly and the disabled are delivered to their specific addresses, while new buses in cities with over 5 million citizens should be low floor vehicles.

Moreover, the guideline asks local governments to provide support in the forms of land and funds for the construction of barrier-free infrastructure.

Source : Xinhua

voda 16 januari 2018 17:18

China starts work on USD 1.5 billion maglev train factory

Global Construction Review reported that China Railway Construction Corporation began work on a USD 1.5 billion project to build an industrial complex to make parts for a maglev test line. The park will be in the city of Changsha in south-central Hunan province. It will cover 15ha and, when complete in 2020, is expected to have an annual output of USD 1.5bn. The line itself is expected to stretch 5.4km and will operate at a maximum speed of 200km/h.

China already has one maglev line operating in Shanghai that travels between Shanghai Pudong International Airport and an interchange with the Shanghai metro. This runs at more than 430km/h, making it the world’s fastest commercial train service. This was built with German technology.

It has another, low speed line in Changsha (pictured) that began operation in May 2016, and which used Chinese know-how.

Source : Global Construction Review

voda 16 januari 2018 17:20

China to construct 3 major infrastructural development projects in Zimbabwe

Construction Global reported that Zimbabwe and China are finalising modalities to commence construction of three major infrastructure development projects, as the two countries pledge to further strengthen their bilateral relations. The projects set for take-off include construction of the new parliament building, expansion of the Robert Mugabe International Airport and Hwange Thermal Power Station.

This was revealed by Chinese Ambassador to Zimbabwe Huang Ping, when he paid a courtesy call on Vice President Constantino Chiwenga.

The Asian giant remains Zimbabwe’s top trading partner, accounting for USD 365 million worth of imports in 2016.

Through its Export and Import bank, China has also provided several loans to Zimbabwe including US$150mn to upgrade the Victoria Falls Airport and USD 355 million for the expansion of Kariba hydro power plant.

Huang said that "Kariba, as you know has one generator now working, providing 150MW to the national grid."

"Another generator is going to be working, maybe before April and we are now working on how we can find a quicker way of constructing Harare International Airport [now Robert Gabriel Mugabe International Airport] and Hwange [Thermal Power Station] and for the Parliament, we are now doing the tendering and I think very soon we would be able to select a company to do the construction. There are other projects we are talking about, but also important is that we are preparing for His Excellency President Mnangagwa's visit to China."

An official said that President Emmerson Mnangagwa is expected to undertake a state visit to China early this year “to cement economic ties between the two countries.”

China has agreed to provide over US$1bn for the expansion of Hwange Thermal Power Station that will add 600MW to the national grid, while the Robert Gabriel Mugabe International Airport will be expanded through a USD 150mn loan.

However, the new Parliament Building will be constructed through a US$46mn loan provided by the Chinese.

Source : Construction Global

voda 16 januari 2018 17:21

T7 Global partners China's largest construction firm to win Malaysia rail projects

The Edge Markets reported that T7 Global Bhd has formed a joint venture with a unit of China's largest construction and real estate conglomerate to bid for rail-related projects in Malaysia. In a statement, T7 said the JV named T7 China Construction Third Engineering Sdn Bhd (T7CCTE) will also take up other infrastructure and construction projects in the country.

The JV is 51%-owned by T7's subsidiary T7 Kemuncak Sdn Bhd and 49% by China Construction Third Engineering (M) Sdn Bhd (CCTE Malaysia) - a unit of China Construction Third Engineering (M) Sdn Bhd, which is in turn a subsidiary of China State Construction Engineering Corp Ltd (CSCEC).

The tie-up is a follow up to a memorandum of understanding to bid for the East Coast Rail Line project - which was inked in October last year between T7 and another of CSCEC's Malaysian unit China State Construction Engineering (M) Sdn Bhd, alongside Malaysia's Eastern Pacific Industrial Corp Bhd and CMC Engineering Sdn Bhd.

T7 said that projects to be bid by T7CCTE include ECRL, MRT, LRT projects and other construction business in Malaysia.

T7 executive deputy chairman Tan Sri Tan Kean Soon, said that "We feel honoured to collaborate with CCTE Malaysia, and believe this strategic alliance will bring T7 to a global scale, particularly in the infrastructure and construction business."

Meanwhile, CSCEC is the largest construction and real estate conglomerate in China with extensive experience and expertise in buildings, design and engineering, industrial facilities and infrastructure projects.

Source : The Edge Markets

voda 16 januari 2018 17:22

China-built Matara-Kataragama railway extension project in southern Sri Lanka

Xinhua reported that the track-laying commencement of the first phase of the China-built Matara-Kataragama railway extension project has been held in Matara in southern Sri Lanka. The first phase of the project includes constructing a railway service from Matara to Beliatta, in the south of the island country.

Mr Lakshman Yapa Abeywardena, Sri Lankan State Minister for State Enterprise Development, said during the ceremony on Friday that the Sri Lankan government was hoping to finish the first phase of the railway project in the coming months, which will benefit the public and tourists.

Mr Abeywardena said that "On behalf of the president and the Sri Lankan government, I would like to thank the Chinese government for this historic event. The extension is a historic development which will hugely benefit the public transport sector as well as the country's tourism sector."

He said that "Successive governments in the past have tried to implement this project. Due to the assistance of the Chinese government and the Chinese company, this project will soon be a reality."

Source : Xinhua

voda 16 januari 2018 17:23

Chinese CNPC looking for new gas sources in Myanmar

The China Daily reported that a subsidiary of China National Petroleum Corp (CNPC), the country's largest oil producer, is looking for new sources of natural gas in Myanmar to feed a pipeline between the two nations. CNPC Southeast Asia Pipeline Co Ltd is seeking additional gas to supply the pipeline which runs from Daewoo International's offshore blocks in Myanmar, said Chen Xiangqiu, vice president of the gas pipeline project, according to the paper.

The company has been transporting gas from Daewoo International's fields under a 30-year deal that started in mid-2013.

Chen said the CNPC unit had been looking for new gas deposits in Myanmar, as well as keeping abreast of progress on new gas fields developed there by Daewoo International and others.

The firm is also considering building a liquefied natural gas (LNG) terminal at the Made Island oil port in the western Myanmar state of Rakhine, the starting point of the Myanmar-China pipeline.

Violence in Rakhine has prompted some 650,000 Rohingya Muslims to flee to Bangladesh in recent months.

Source : China Daily

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