First Coalbed Methane Pipeline Planned
China is planning to build its first cross-province coalbed methane
pipeline later this year, at a cost of RMB500m. Stretching for 120km,
the pipeline will link Duanshi County in Shanxi province with Bo'an
County in Henan province, and is expected to have a capacity of one
million cubic metres. The pipeline will ease the shortage of gas in
central China's Henan province. China plans to have a total of 10
coalbed methane pipelines by 2010.
China Sets New EU Export Barriers
Three Chinese trade associations - the China Chamber of Commerce for Import and Export of Textiles, China National Textile and Apparel Council and China Association of Enterprises with Foreign Investment - have announced new entry barriers for Chinese textile manufacturers seeking to export to Europe. From 2008, companies in eight categories of textile products must demonstrate registered capital of RMB500,000 and textile exports to Europe of more than USD10,000 from the previous year , as China seeks to control export growth in certain areas of the economy.
Ping An Reports Record Premiums
China Ping An, one of China's leading insurance companies, has
announced record premiums of RMB76.02 bn in the first nine months of
2007.The total includes RMB59.7 bn of life insurance, RMB16.3 bn of
property insurance, RMB1.09m of health insurance and RMB51.54 m of
endowment insurance, according to the China Securities Journal. Ping An
is publicly listed in both Shanghai and Hong-Kong, and counts RMB583 bn
in gross assets.
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