China is set to establish a company that will specialize in commercial rocket launches, Hu Shengyun, chief model designer with the China Sanjiang Space Group, said on Tuesday.Hu, also a NPC deputy, told Xinhua News Agency on March 15 that the company’s first commercial launch is planned for next year. Preparations have already begun, and some of China’s biggest Internet companies have expressed interest in a collaboration.The company will use solid-fuel Kuaizhou rockets, which can send a 1-ton payload to an altitude of 700 kilometers. Prelaunch preparations take just a few hours. What’s more, ...
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The CBI said the majority of nearly 800 firms taking part felt Britain remaining in Europe was "better for business, jobs and prosperity".But the group said it would not align itself with either side of the debate.Vote Leave chief executive Matthew Elliott said: "It’s welcome news that the CBI has seen sense and won’t be seeking to campaign in the referendum."Carolyn Fairbairn, director-general of the CBI, said: "The message from our members is resounding - most want the UK to stay in the EU because it is better for their business, jobs and prosperity."Walking awa...
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President Xi Jinping said the local government is duty-bound to protect the ecological environment on the Qinghai-Tibet Plateau, especially in the Sanjiangyuan area, where the Yangtze, Yellow and Mekong rivers originate.While joining a panel discussion on Thursday with lawmakers from Qinghai province, where Sanjiangyuan is located, Xi said that protecting the fragile ecology there is of utmost importance."The ecological environment has irreplaceable value," Xi told the deputies. "We should treat it as our lifeline and protect it like the apple of our eye."The Sanjiangyuan a...
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China's consumer prices grew 2.3 percent in February from one year earlier, up from January's 1.8 percent, according to data from the National Bureau of Statistics on Thursday. That is the biggest rise since July 2014.The reading beat expectations as economists from the Bank of Communications and China Merchants Bank forecast a 1.8-percent year-on-year increase for February.Meanwhile, producer prices slid 4.9% year-on-year in February, compared to a 5.3% fall in January. The drop was the smallest in eight months.HSBC analyst Qu Hongbin attributed the higher-than-expected CPI growth lar...
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China Railway Rolling Stock Corp subsidiary CSR Sifang America has been awarded a $1.3billion order to supply up to 846 railcars to the Chicago Transit Authority, the biggest train order in the midwest city’s history.The new cars, the 7000-series, will look similar to those that have been in operation since the1980s, the 2600-series, and will be locally assembled at a new purpose-built plant.Brian Steele, a CTA spokesman, said the contract is expected to create around 169 new jobs,including mechanical engineers and electricians.CSR Sifang America is a joint venture between Qingdao-based CRRC Q...
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