[Winning the bid for the urban renewal project in Yuhuan City, Zhejiang Province] On June 2, 2023, the Zhejiang Government Procurement Network released a bidding and winning announcement for the Yuhuan City Organic Renewal Central Business District Project. The project was won by a consortium of 8 units, including China Railway Construction Investment Group and China Railway Construction Investment Fund Management Co., Ltd., with a total investment of 7.438 billion yuan. The project covers an area of approximately 882.01 hectares, ranging from Jingba Road in the east to Waihuan West Road in the west, Wei Er Road in the north, Guangling South Road to Chezhan South Road to Liudao Avenue in the south, as well as the Yuhuan City Quality Improvement Base and Urban Balcony Block. The cooperation content includes: overall planning and services for project development; Investment in the development and consolidation of project land; Investment and construction of infrastructure and public service facilities; Investment and construction of resettlement housing; Smart city construction and urban operation, etc. The actual cooperation content of this project is subject to the preliminary design documents reviewed or filed for each sub project. The cooperation period of this project is 15 years, including a construction period of 5 years and an operation period of 10 years. Editor/Zhao E

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• 2026.05.15 11:59
• [China and Kazakhstan sign potato processing cooperation project]
• Pavlodar Oblast of Kazakhstan signed a memorandum of cooperation with Xuechuan Agriculture of China to implement a large-scale potato processing project. The project plans to build a modern agricultural and industrial park, with an annual processing capacity of 100000 to 200000 tons of potatoes, covering planting, research and development, processing, and supporting facilities, with a total investment of 100-200 million US dollars. Xuechuan Agriculture has strong capabilities, and this cooperation will make up for the shortcomings in local agricultural deep processing, create employment opportunities, and both parties have expressed their long-term willingness to cooperate and provide support.Editor/Gong Ziwei

• 2026.05.15 11:53
• [Sinopec achieves breakthrough in exploration of ultra deep shale gas fields]
• On May 13, 2026, Sinopec Deep Ground Engineering achieved a new breakthrough in the Sichuan Chongqing Natural Gas Base, with the proven geological reserves of the Ziyang Dongfeng shale gas field in Sichuan reaching 235.687 billion cubic meters, marking the birth of China's ultra deep shale gas field with a capacity of billions of cubic meters. The gas field is buried over 4500 meters deep, and the research team has overcome multiple technical challenges, achieving a strategic leap from deep to ultra deep shale gas in China, which is of great significance for strengthening national energy security.Editor/Gong Ziwei