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Those algal blooms that have blotted waterscapes around China and almost sabotaged the 2008 Olympics may soon have a useful purpose -- fibers for high-tech fabrics.

A Chinese company is aiming to mass produce the fabrics that could be used in protective clothing worn by firefighters and medical personnel as early as next year, a company spokesperson said Friday....
Hyflux Ltd and Mitsui & Co will start a venture to buy stakes in four water treatment plants in China and offer to take Hyflux Water Trust private in transactions worth about $170 million.

Galaxy NewSpring Pte will buy the four plants for $53.1 million from Hyflux, the Singapore-based water treatment company said in a statement to the city-state's exchange on Monday.

The venture will offer
Chinese company and World Cup sponsor Yingli Green Energy Co has seen its stock price and orderbook grow since its sponsorship of the global sporting event.

The New York Stock Exchange-listed solar panel manufacturer's stock price rose $3.80 between June 7 to July 23, increasing the company's market capitalization by $560 million, the company's CFO, Li Zongwei, said over the weekend.

The Yi
Fall 1st time since '05, economic recovery also 'partly to blame'

Economic recovery has partly caused the country's air quality to fall in the first half of the year, the first such fall since 2005, figures from environmental authorities showed on Monday.

Ninety-one percent of the days in the first six months recorded air quality reaching or exceeding the national standard of Grade
Zijin Mining Group Co, China's largest gold producer, said it shut the copper smelter at its biggest mine after a leakage of acidic waste water killed fish. The shares fell to a 17-month low.

The plant, which produces 12,800 metric tons of copper a year, will only be reopened after checks by local environmental authorities, spokesman Zhao Jugang said by phone today in an interview. The company
China, the world's largest rare-earth producer, cut export quotas for the minerals needed to make hybrid cars and televisions by 72 percent for the second half.

Shipments will be capped at 7,976 metric tons, down from 28,417 tons for the same period a year ago, according to data from the Ministry of Commerce yesterday.

"The rare earths industry officials have realized that, after many year
The government will soon come out with environmental protection guidelines for domestic companies planning overseas investments, ministry officials said on Thursday.

According to experts, the guidelines will enhance the nation's "soft power" in the global arena and foster more investment deals.

Domestic companies that have overseas operations will have to take adequate steps to protect the
Power plant contractor China National Electric Equipment Corporation (CNEEC) has won a contract to build a $750 million power station in Australia.

The Latrobe Valley power station near Melbourne in Victoria will use new technologies to enable it to run on low-grade coal, which is often left unused.

The State-owned enterprise, which derives 80 percent of its business from overseas projects,




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