BizChina

Sugar output would drop by 530,000 tonnes to 1.7 million tonnes in Yunnan, China's second largest sugar producing area, said Deng Yi, president of the provincial sugar industry association.

The forecasted slump had pushed sugar prices to 5,200 yuan (761.8 U.S. dollars) per tonne, the highest in years, Jia said.

The rocketing prices would lead to excessive fluctuations in cane and sugar production, which was harmful to the long-term sustainable development of the industry, said Nong Guang, president of Guangxi's sugar industry association.

Zhejiang Furun Co. Ltd, a silk spinning and weaving company based in east China's Zhejiang Province, said Tuesday its 2009 profit jumped over 900 percent on a used army uniform recycling project and a machinery upgrade.

Total profit in 2009 soared 909.1 percent year on year to hit 68 million yuan (10 million U.S. dollars), according to a statement filed at the Shanghai Stock Exchange.

In 1995, Morgan Stanley published "The Internet Report," a groundbreaking study that became known as a Bible for investors during the dot-com revolution in the United States.

Fifteen years later, China Greentech Initiative has produced a similar report. However, instead of focusing on the future of the web in the West, it centers on the potential of green technology in China. It is called the China Greentech Report.

"China is going to be one of the most important green tech markets in the future," said China's "Queen of Green", Ellen Carberry, co-manager of the China Greentech Initiative, a Beijing-based group made up of more than 80 companies and organizations with interests in the environmental sector.

"People are ready to dive in, but they have to figure out where to go and what to do," she said.

In 2002, while working for IBM, Carberry moved to Beijing. Several years later, she left the company to help Red Hat, an open source software provider, set up its business operations here. Her latest venture is the China Greentech Initiative, producer of the groundbreaking report.

Maintenance at China's second-largest refinery.

Following this winter's harsh business chill, China's second-largest refinery is now feeling the warmth of spring, said Xu Xiankun, president of Sinopec Maoming Petrochemical Corp's ethylene facility.

After a halt in operations for maintenance and repairs in January and February that resulted big losses in revenue, the Shenzhen-listed company is expecting to hit a record-high monthly production of 100,000 tons of ethylene this March, a rebound fueled by the recovery of the manufacturing industry in the Pearl River Delta, the company told China Daily over the weekend.