Latest Economy of the People's Republic of China Stories

BEIJING, May 4, 2011 /PRNewswire-Asia-FirstCall/ -- General Steel Holdings, Inc. ("General Steel" or "the Company") (NYSE: GSI), one of China's leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced it has signed a 20-year unified management agreement with Shaanxi Coal and Chemical Industry Group Co., Ltd. ("Shaanxi Coal") and Shaanxi Iron and Steel Group Co., Ltd ("Shaanxi Steel"). Under terms of the agreement, General Steel will...

BEIJING, April 28, 2011 /PRNewswire-Asia-FirstCall/ -- China Petroleum & Chemical Corporation ("Sinopec Corp." or "the Company") (CH: 600028; HKEX: 386; NYSE: SNP; LSE: SNP) today announced its unaudited results for the first three months ending March 31, 2011. Financial Highlights: In accordance with the PRC Accounting Standards for Business Enterprises ("ASBE"), the Company's turnover in the first three months of 2011 was RMB 588.842 billion, up 34.25% over the same period in 2009....

New Berkeley Lab study forecasts peak in energy use in China within 20 years.As China's economy continues to soar, its energy use and greenhouse gas emissions will keep on soaring as well"”or so goes the conventional wisdom. A new analysis by researchers at Lawrence Berkeley National Laboratory (Berkeley Lab) now is challenging that notion, one widely held in both the United States and China.Well before mid-century, according to a new study by Berkeley Lab's China Energy Group, that...

COLUMBUS, Ohio, April 22, 2011 /PRNewswire/ -- Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") declared a cash distribution of $0.4375 per unit for the quarter ended March 31, 2011. The distribution will be paid on May 13, 2011 to all unitholders of record as of the close of business on May 2, 2011. Oxford also announced today that it will report first quarter 2011 financial results before the market opens on Thursday, May 5, 2011. A conference call to review the...

HONG KONG, April 1, 2011 /PRNewswire-Asia/ -- Yuzhou Properties Company Limited ("Yuzhou Properties" or the "Company") (stock code: 1628.HK), one of the leading property developers in China, announced today the audited annual results of the Company and its subsidiaries (collectively referred to as the "Group) for the year ended 31 December 2010 (the "review period"). Financial Highlights: In million RMB 2010 2009 Change Turnover...

HONG KONG, March 25, 2011 /PRNewswire-Asia/ -- Sinopec Shanghai Petrochemical Company Limited ("Shanghai Petrochemical" or the "Company") (HKEx: 00338; SSE: 600688; NYSE: SHI) announced today the audited operating results of the Company and its subsidiaries (the "Group" ) prepared under International Financial Reporting Standards ("IFRS") for the year ended December 31, 2010(the "Year"). According to IFRS, turnover of the Group for the Year amounted to RMB77,520.7 million, representing an...

HOUSTON, March 10, 2011 /PRNewswire/ -- Natural Resource Partners L.P. (NYSE: NRP) today announced that it has acquired approximately 160 million tons of aggregate reserves in Kentucky and Tennessee within the last month for a total purchase price of approximately $20.7 million. At the closings, approximately $14.7 million was funded through the partnership's credit facility and an additional $6.0 million is expected to be funded by mid-2011. (Logo:...

NEW YORK, March 4, 2011 /PRNewswire-Asia-FirstCall/ -- Zhongpin Inc. ("Zhongpin" or "the company," Nasdaq: HOGS), a leading meat and food processing company in the People's Republic of China ("China"), today reported higher revenues, net income, and earnings per share for the year 2010. Zhongpin also announced guidance for higher sales, net income, and earnings per share for the year 2011. Year 2010 highlights: Revenues increased 30% to $946.7 million in 2010 from $726.0 million in 2009.Net...

HONG KONG, Feb. 14, 2011 /PRNewswire-Asia/ -- Export prices of various China products are likely to increase in the months ahead, especially if the cost of major materials and components continues to go up. This was highlighted in the latest survey of 232 exporters by Global Sources (Nasdaq: GSOL) (http://www.globalsources.com). (Logo: http://photos.prnewswire.com/prnh/20030303/LNM011LOGO-b ) Seventy-four percent of survey respondents said they boosted export prices in 2010, due mainly to...

COLUMBUS, Ohio, Jan. 21, 2011 /PRNewswire/ -- Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") declared a cash distribution of $0.4375 per unit for the quarter ended December 31, 2010. The distribution will be paid on February 14, 2011 to all unitholders of record as of the close of business on February 1, 2011. Oxford also announced today that it will report fourth quarter 2010 financial results before the market opens on Thursday, February 24, 2011. A conference...