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March 11, 2014

Singyes giant 1.1GW solar PV project in Gansu kicks off

The development of a 1.1GW solar power plant project in China's Gansu Province has begun, with China-based solar manufacturer and developer, China Singyes Solar Technologies Holdings, announcing the commencement of the 300MW 'first phase' in Hongshagang Industrial Park in Minqin County, Wuwei. (Renew Economy)

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March 11, 2014

Singyes giant 1.1GW solar PV project in Gansu kicks off

The development of a 1.1GW solar power plant project in China's Gansu Province has begun, with China-based solar manufacturer and developer, China Singyes Solar Technologies Holdings, announcing the commencement of the 300MW 'first phase' in Hongshagang Industrial Park in Minqin County, Wuwei. (Renew Economy)

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March 10, 2014

China to launch private bank pilot program

China will launch pilot programs testing the development of privately owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country's bank regulator Shang Fulin said on Tuesday. Alibaba, Tencent Holdings, JuneYao Group, Fosun Group and Chint Electrics are among at least 10 companies allowed to set up banks, the People’s Daily reported earlier. (Reuters/Bloomberg/People’s Daily)

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March 10, 2014

Unilever invests in Chinese water-purification

Unilever bought a majority stake in Chinese water-purification company Qinyuan Group Co., marking its first acquisition in China in a decade and a strategic move into a market with high demand for clean water. The purchase will enable Unilever to expand its existing purification brand Pureit through Qinyuan's distribution across hundreds of cities in China, said Unilever's Chief Executive Paul Polman. (WSJ Market Watch)

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March 10, 2014

China bond default unlikely to spark domino effect

On Friday, Chaori Solar became the first company in recent history to default on its bonds after it failed to make an interest payment. Some have expressed fears that the Chaori default could create a domino effect where investors quit the bond market altogether, though the domestic bond markets have so far treated the default as a non-event. (Financial Times)

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March 10, 2014

Bioenergy in China: can China learn from Germany’s experience?

Germany’s experiment with bioenergy villages shows that alternative energy sources can spur rural value creation. This has lessons for bioenergy in China. (Cheung Kong Graduate School of Business)

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March 9, 2014

China to improve environment legislation amid lingering smog

Chinese top legislator Zhang Dejiang on Sunday pledged to enhance environmental legislation and oversight of pollutant emissions, as Beijing continued to be shrouded in a spell of lingering smog. The top legislature will work to revise the Environmental Protection Law and the Air Pollution Prevention and Control Law to improve the environmental protection and management system, said Zhang, chairman of the National People's Congress (NPC) Standing Committee. (Xinhua)

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March 8, 2014

Only 3 of 74 Chinese cities meet air quality standards

Just three of 74 major cities recorded met national air quality standards throughout last year, Wu Xiaoqing, Vice Minister of Environmental Protection said on March 7th in Beijing. Only Haikou in Hainan, Lhasa in Tibet and Zhoushan in Zhejiang meet the new standards. (SCMP/XInhua)

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March 7, 2014

UK and China sign £20m low carbon innovation deal

The UK and China have signed a £20 million agreement to work together in developing innovative low carbon technologies. The three-year program will support research to develop new low carbon methods of manufacturing processes and technologies, urban living and offshore renewable energy production in the two nations. (Energy Live, E&T)

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March 7, 2014

Sinopec to allow foreign Investors

Sinopec will allow foreigners to invest in the company. The company said last month that it would allow outsiders to own up to 30% of its fuel-marketing business. (WSJ/Global Times)

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