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XINING, Oct. 3 (Xinhua) -- China will put environmental concerns as top priority in tackling ways to exploit combustible ice, a kind of natural gas hydrate, in the permanent tundra in its northwest plateau region, said a combustible ice project leader. "We do not need to drill very deep to get the flammable frozen compound from tundra here in Muli Prefecture in Qinghai Province. However, as the sample is taken out, methane gas is easily released into the atmosphere," said Wen Huaijun, chief engineer of the combustible ice project in Qinghai. He said the project team under the China National Administration of Coal Geology is carrying out research to guarantee that the exploitation of the frozen natural gas does not cause environmental problems. Combustible ice is regarded as a potential source of alternative energy to coal and oil. One cubic meter of combustible ice can release 164 cubic meters of natural gas. The Ministry of Land Resources said on Friday that the prospective volume of the natural gas hydrate in the country's frozen earth regions is estimated to reach 35 billion tonnes of oil equivalent. China announced the first discovery of the resource under the bed of the South China Sea in May 2007. Wen said the environmental threats from the use of the resource even in a land-based region is enormous, because it releases carbon dioxide or methane into the atmosphere. "The plateau region is very sensitive to environmental changes. The biological conditions here are vulnerable," he said. Combustible ice usually exists in seabed or tundra areas (two mediums having the strong pressure and low temperature necessary to its stability). It can be lit up like solid ethanol, which is why it has the name "combustible ice." Wen said the combustible ice research project has been carried in Muli Prefecture, 4,100 meters above sea level, since 2004. "It still takes time and a huge amount of research investment to realize the dream of exploiting the resource, while ensuring the environment," he said. Wang Jianbin, deputy director of the Qinghai Bureau of Land Resources, said at the present stage, the project focus is still to ascertain locations of the deposit, and carry out a feasibility study on its exploitation.
BEIJING, Aug. 19 (Xinhua) -- China on Wednesday called for more policy assistance and financial support to encourage the development of small and medium-sized enterprises (SMEs). Attendees at a State Council executive meeting, chaired by Premier Wen Jiabao, agreed that promoting the sound development of the SMEs was of great importance to maintain economic growth and social stability. The government would exert more efforts to improve the policy and law system to create a more open and fair competition environment for SMEs. Measures would be taken to help SMEs tackle financing difficulties, and the establishment of the Growth Enterprise Market (GEM), the country's first Nasdaq-style market, would speedup helping small companies raise fund. The central government would also increase funding to support the SMEs, especially in sectors such as technological innovation, industrial structure adjustment and employment. The government would pick some SMEs to participate in the country's subsidized purchasing program of home appliances, agricultural machinery and automobiles in rural areas as well as the auto, home appliance replacement program. Attendees at the meeting demanded better services for SMEs and support to promote technological progress and structure adjustment in SMEs. They also reviewed and approved draft regulations on national body-building and on the administration of joint-venture establishment of foreign companies or individuals in China. Both regulations would be released to public after further revision.

XIAMEN, Sept. 9 (Xinhua) -- China remains the most attractive country for foreign capital, despite that the country's foreign direct investment declined for ten straight months, a commerce official said Wednesday. "China has been the top destination for foreign capital for 17 consecutive years," Wang Chao, assistant commerce minister, said at the World Capital Forum in Xiamen, east China's Fujian Province. A report released by the United Nations Conference on Trade and Development (UNCTAD) on July 22 showed that China stands first on the list of five most attractive destinations for foreign capital, followed by the United States, India, Brazil, and Russia. The country has received 48.3 billion U.S. dollars of foreign direct investment (FDI) from January to July this year, down 20.3 percent over the same time last year amid a global economic downturn, Wang said. Wang said the country's prospects for overseas investment remains optimistic as it would simplify examination and approval procedures toward foreign investors. It will also guide foreign investment to go to high technology industry, advanced manufacturing industry, energy saving and environment protection industries, in a bid to optimize investment structures.
TAIPEI, Aug. 25 (Xinhua) -- As of 18:00 pm Tuesday, Morakot, the worst typhoon to hit the island in 50 years, had claimed 461 lives and left 192 missing and 46 injured, according to Taiwan's disaster control center. Relatives mourn for their victims in front of mudslide area at the devastated village of Hsiaolin, in Kaohsiung county, southeast China's Taiwan Province, Aug. 15, 2009.Kaohsiung County had reported the largest casualties including 392 deaths, the center said. Morakot, which devastated Taiwan on August 8, had brought about a 14.5 billion NT dollars (440 million U.S. dollars) financial losses for agricultural, forestry, fishing and herding sectors, according to a report previously released by Taiwan's agricultural authorities . Photo taken on Aug. 24, 2009 shows the severely-damaged Nanheng Road section across the Taoyuan Village of Kaohsiung County, southeast China's Taiwan
来源:资阳报