Analysts believe that the platform, once accomplished, could significantly boost the efficiency of the country’s construction work on islands in the South China Sea. In a phone interview with the Global Times on Thursday, Liu Zhengguo, director of the general office of the China Shipbuilding Industry Corporation (CSIC), China’s leading shipbuilding group in charge of designing and assembling the platforms, said the company is "pushing forward the work.""The development of nuclear power platforms is a burgeoning trend," Liu said, when asked to comment on a previous media rep...
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Chengdu Tianfu International Airport, the biggest airport in West China once built, is about to start construction after getting approval from the National Development and Reform Commission, reported jiemian.com on Tuesday.With a total investment of 71.86 billion yuan (around $11 billion), the new airport is the biggest civilian airport to be built during the 13th Five-Year Plan.The airport is set to become the biggest one in West China and the fourth largest in China when it comes into service in 2020, said Pan Gangjun, general manager of Sichuan Airports Group.Located in Jianyang city in Sou...
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China’s Ministry of Human Resources and Social Security and Ministry of Finance have jointly issued a notice on cutting social security premium in a latest move to reduce enterprises’ burdens.According to the notice, effective from May 1, the employers’ contribution rate to the pension fund will be cut to 19-20 percent depending on conditions.In places where the employers’ contribution to the pension fund is over 20 percent of the payroll, the rate will be lowered to 20 percent.In places where the employer’s contribution is already 20 percent, the rate can be lowered to 19 percent in the next ...
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A rooftop solar power project in Shanghai has become the first recipient in China of a loan from the New Development Bank, formerly known as BRICS Bank.Shanghai Lingang Hongbo New Energy Development Co will receive the equivalent of $81 million in yuan, according to a source at the bank, who did not want to be identified.The loan is among the first set－worth a combined $811 million－to be approved by the bank’s board to fund projects in China, Brazil, India and South Africa.Russia, which along with the four nations makes up the BRICS bloc, has so far not been included in the initial round of lo...
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2016
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A Chinese military aircraft has landed at a new airport on an island China has built in the disputed South China Sea, state media said on Monday, in the first public report on a move that raises the prospect of China basing warplanes there.The United States has criticized China’s construction of artificial islands in the South China Sea and worries that it plans to use them for military purposes, even though China says it has no hostile intent.The runway on the Fiery Cross Reef is 3,000 meters (10,000 feet) long and is one of three China has been building for more than a year by dredging sand ...
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