Word: fujian
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...WIND AND OTHER RENEWABLES: Current Percentage: 1.5% Target for 2010: 10% MAJOR PROJECTS: The nation's biggest wind farm will be built in Pingtan county in Fujian province. The first phase started in 2000 with a capacity of 6 megawatts. Most of China's wind farms currently provide electricity for remote villages in the far west. The west is also home to the country's largest solar power station, which is located on 3,000 sq m of a livestock farm in Xinjiang. When fully operational it will provide electricity for more than 10,000 local farmers. Although scientists...
...looking for support and not finding much. But winning the job of Communist Party Secretary there was Huang Jingao's big chance. He'd oversee the completion of renovations to the county town's riverfront and then could reasonably expect promotion to a bigger town in his coastal province, Fujian. The county's top position was a reward to the 52-year-old cadre for exposing corruption and braving death threats in a nearby city, and now he expected a quieter time. "I really did not want to be drawn into that kind of case again," he wrote in August...
...Philip Morris International will soon produce the world's best-selling cigarette in the world's largest tobacco market. China's more than 300 million smokers consumed 1.75 trillion cigarettes last year, but foreign sales accounted for only about 5% of these because of government restrictions. The venture with Fujian province's Longyan Cigarette Factory will make Marlboros widely available in China. But Big Tobacco's China dreams have gone up in smoke before. In 1986 R.J. Reynolds formed a $31 million joint venture to make Camels; 13 years later, the American partner bailed out by selling to Japan Tobacco...
...announced joint venture with the Longyan Cigarette Factory in southeastern Fujian province will make Marlboros for the domestic market. Production, slated to begin by year's end, is expected to exceed two billion cigarettes in the first year. Late last month, Philip Morris technicians spent a week adjusting machinery at the Longyan factory, according to an industry consultant familiar with the deal...
...tiny. It has about 150 employees and reported just $31 million in revenues and $14 million in profits in its last fiscal year. Other signs of overheating: shares of China Life Insurance, the country's largest insurer, are up 56% since their Dec. 18 debut, while gold-mining company Fujian Zijin Mining Industry saw its stock price surge 73% in its first day of trading, Dec. 23. In the short term, such suspension of disbelief can be highly profitable, but it can also be an excellent way of losing money fast. "Some of the investors will ultimately be burned," says...