News

China's top economic planner has called for proper planning for the construction of liquefied natural gas (LNG) storage facilities to improve the country's storage capacity.

Major state copper and aluminium producers were among the companies that traded almost half a billion yuan of metal on Shanghai Futures Exchange's (ShFE) new physical trading platform in its debut on Monday, the exchange said.

The deepest borehole to be drilled for scientific purposes by Asians-the first to penetrate a continental layer of strata from the earth's Cretaceous period-was completed in northeastern China on Saturday, four years after it began. It reached a depth of 7,018 meters.

BEIJING - China's Ministry of Commerce on Wednesday published the names of 11 private refineries with a plan to allow them to directly import crude oil.

Experts said China's energy sector needs to further open up and develop alternative resources as the nation's energy consumption continues to rely heavily on coal and imported petroleum.

Kerryb Puuahee, 31, is proud of breaking new ground in the male-dominated mine industry by becoming a female heavy equipment operator at a Namibian mine.

The US has been continuously "causing troubles" for the Chinese steel sector, so China must "have the guts to say no to them" and find their weak spots, said an official of the China Iron and Steel Association (CISA) on Thursday.

China is looking to boost its role in global commodity markets by allowing foreign investors to trade iron ore futures on the Dalian Commodity Exchange from Friday, a move which should help the country gain some pricing power over the key ingredient in steel.