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China’s No.3 steel mill, Wuhan Iron and Steel Company Ltd (600005.SS), posted a 90.43 percent rise in first-half net profit over a year earlier, due to strong domestic demand and higher steel prices, Xinhua reported on Sunday.
Wuhan Steel’s net profit was 963.53 million yuan ($142 million) for the first half of 2010, as its steel [...]

Two China New Energy Firms Eye $2 Billion in HK IPOs

China Huaneng Group Corp and Datang Corp, the country’s top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday, reported Reuters.
The deals are unfolding as China aggressively develops its renewable energy sector and the [...]

AU Says must Replace Western Partners with China

The African Union said on Saturday Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank, reported Friday’s Reuters.
Maxwell Mkwezalamba, the AU’s economic chief, said Africa must end its reliance on Western money.
« We need to diversify our partners [...]

Electric Chain Saw

An electric chain saw is a hand-held electrically powered tool that is primarily used for cutting down timber. This is made up of a portable power saw that is composed of numerous teeth which is then linked onto a seemingly endless chain. The chain used in the manufacturing of an electric chain saw is very similar to that found on bicycles. The most common type of electric chain saw that is commonly used is the “skip tooth” electric chain saw. This particular kind of chain saw has been named as such since the tooth is located on every other chain link on the electric chain saw.