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Chinese oil and gas shares soared significantly on Monday, as prices soared in the wake of drone attacks on the world's biggest oil processing facility and an oilfield in Saudi Arabia.Shares of energy equipment companies and oil and gas firms traded in Shanghai and Shenzhen jumped 3.96 and 2.96 percent respectively on Monday, according to Shanghai-based information provider Wind Info.Brent Crude on Monday opened at $67.8 per barrel on the oil futures market, an over 10 percent surge from Sunday's close of $60.22. And crude prices once jumped nearly 20 percent during the trading day.'The intern...
Date: 2019 - 09 - 17
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BEIJING - In the early 1980s, a steam turbine factory in inland China was on the brink of bankruptcy, forcing its workers to produce kitchen knives to survive.The factory now has turned into one of the world's largest manufacturers of power generators, with its products and services exported to nearly 80 countries and regions.The secret behind the transition, said Xu Peng, deputy general manager of Dongfang Electric Corporation, was the company's relentless efforts in research and development.'Innovation is what brings us to where we stand today,' Xu said.Dongfang Electric is among the thousan...
Date: 2019 - 09 - 16
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YINCHUAN - The rising popularity of a water-saving irrigation system in Oman and Egypt, designed by Northwest China's Ningxia University, serves as a witness to the China-Arab win-win cooperation in science and technology.Comprised of underground pipes, wind and solar power equipment and mobile intelligent control devices, the system enables water to spread to targeted spots more accurately compared with many surface drip irrigation systems currently deployed in Arab countries.'It is more water-efficient and can be controlled remotely with just a smartphone,' said Sun Zhaojun, dean of the scho...
Date: 2019 - 09 - 11
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BEIJING - China's exports of goods rose 2.6 percent year on year in August, while imports fell 2.6 percent, customs data showed Sunday.Trade surplus stood at 239.6 billion yuan (about $33.79 billion) last month, expanding 41.8 percent from one year earlier, according to data released by the General Administration of Customs (GAC).The country's exports grew 6.1 percent year on year in the first eight months of the year, while imports edged up 0.8 percent, leading to a trade surplus of 1.77 trillion yuan, widening 46 percent during the period.The growth slowed from a rise of 6.7 percent for expo...
Date: 2019 - 09 - 09
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HOHHOT - Inner Mongolia autonomous region, China's major coal producer, has sped up the adjustment of its energy structure, a local official has said.Li Li, director of the regional energy bureau, said Tuesday at a news briefing that the region has upgraded the energy structure by using coal for electricity, oil and gas production.Li said that the energy industry in Inner Mongolia is important to ensure the energy demand for the country's economic and social development and ecological protection.Inner Mongolia supplied 180.6 billion kilowatt-hours of electricity in 2018, ranking first in the c...
Date: 2019 - 09 - 05
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A major privately surveyed index monitoring China's manufacturing sector recovered in August to rise into expansionary territory and register a five-month high, indicating improvement in economic fundamentals.Resilient domestic growth is helping the world's second-largest economy surf through external headwinds, said economists, who called for more policies to advance stable growth in the face of any continuing downside pressure.The Caixin/Markit manufacturing purchasing managers index for August was 50.4, up from 49.9 for July, marking the quickest expansion of the sector since March, accordi...
Date: 2019 - 09 - 03
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