The China Iron and Steel Association has announced the elimination of export rebates on 83 steel products, and lowered the rate on 76 products beginning April 15, apparently part of a strategy to “rein in [China’s] surging trade surplus.”

Novolipetsk Steel, NLMK, the leading Russian steel producer, announced in a statement today that it has signed a long-term supply agreement with Tebian Electric Apparatus Stock Co., Ltd. (TBEA), the Chinese transformer producer, to supply grain-oriented (GO) electrical steel to China.

The completion of the acquisition of its parent and its possession of 3G technology has made Ningbo Bird Co Ltd a highlight in the capital market.

The government has announced a new set of regulations allowing private capital to become involved with the national security and military industries.  Industry analysts believe this move will stimulate industry consolidation, modernization, and whole listing of state-owned corporations.

The State Development and Reform Commission (SDRC) has approved new licenses for four mobile phone makers. Industry experts expect these new licenses to boost industry restructuring and market consolidation as competition over the mobile phone space becomes fiercer. 

Official sources report that the government is likely to open up the general aviation sector by announcing a new set of regulations.  Will this give privately owned jets, business flights, and general aviation room to grow?

The latest report from CTR Market Research on China's advertising market in 2006 shows that new media, such as outdoor advertising and building televisions, successfully generated growing advertising revenues in 2006.  Banking and wealth management products, and sports marketing campaigns in particular benefited from new media advertising.

Netease.com Inc, one of China's leading online services providers, attracts people with its online game services to Internet users through the licensing and the in-house development of large multi-player online role-playing games, including Fantasy Westward Journey, Westward Journey Online II and Datang. However, its third-quarter financial report aroused concerns that with its two major games starting to decline, what can the company do to stay competitive in China’s online gaming market?

The current amount of electricity generated by natural gas only contributes 2.1% of China’s total electrical needs, but that is expected to increase to 6.7% by 2020. Greater government emphasis on natural gas usage and the country’s rich natural gas reserves has convinced experts that the natural gas industry will enjoy a bright future. However, the road ahead is bumpy with obstacles and internal restrains.