The production capacity of CGN Juner has doubled over the past five years, with its current annual capacity reaching 120,000 metric tons. As the company's new plant in Wenzhou, with 400 million yuan (.7 million) of investment, comes into operation later this year, the annual production capacity is going to grow to 200,000 metric tons.
The project, called Songke 2, was launched in April 13, 2014, in Anda, Heilongjiang province, by the China Geological Survey and undertaken by about 20 organizations, including the Institute of Exploration Technology, SinoProbe Center, China University of Geosciences, Jilin University and Petrol China Daqing Oilfield Company Ltd.
The project mainly comprises of the construction of a pier platform, two mooring piers, an approach bridge and support facilities. Once the project is completed, it will allow one 50,000-metric-ton freighter, one 30,000-ton freighter and four 7,600-ton freighters to dock simultaneously.
The project, which will last for eight years, will create over 100,000 job opportunities.
The problem goes well beyond Didi, though. China has grown so quickly that many areas of life - shopping, online banking, transportation - lack established role models.
The projects were mainly in high-tech and transportation industries, according to Meng Wei, a spokesperson with the National Development and Reform Commission.
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The premier reiterated that "houses are for living in, not for speculation."
The price of second-hand housing in the city rose 4.3 percent in April.
The probability that a devastating earthquake would happen in Beichuan is minimal as most of the underground stress had been released by the Wenchuan earthquake, Wang said.
The preparation for this center started in January. A number of Google's teams, such as the one for Tensor Flow - computation using data flow graphs for scalable machine learning, have taken part in the establishment of this center.