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thestandard.com.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestandard.com.hk Daily Mail and Mail on Sunday newspapers.

China s Shale Gas Development Goals Just Pipe Dreams

China wants to reap the benefits of a shale gas revolution similar to the one in the United States, but there are many obstacles to this happening, experts say.In the first half of 2013, fifty-six shale gas wells were in the exploratory phase in the country, but only twenty-four were producing gas. Only six wells all dug by either China Petrochemical Corp. (Sinopec Group) or

Nation s opening-up seen as driver of global growth

China is firmly advancing high-level opening-up amid downward pressures and challenges from multiple global crises, which will help create favorable conditions for global economic growth and for rebalancing the world economy, prominent experts said at the 88th International Forum on China Reform in Haikou, Hainan province.

ADB expects pickup in fiscal outlays

The Asian Development Bank said it expects to see a pickup in China's fiscal outlays and additional infrastructure investment in the second half of this year as the country is still recovering from the impact of COVID-19.

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