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 DEVELOPMENT OF CHINA'S INDUSTRY |
| Three Facts contributed to the rapid growth of city gas consumption. First, after West to East Gas Transmit Project put into operation in 2003, with several years of supporting infrastructure construction in the cities along the pipeline |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics released by Ministry of Commerce, in 2006 there were 78 projects using foreign investment in gas production and supply industry, down 1.27% under the same period of the previous year. The actually used foreign capital amount was 210 million USD, down 4.82% under the previous year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Foreign services suppliers which have been engaged in inspection services in their home countries for more than three years are permitted to establish joint venture technical testing, analysis and freight inspection companies with no less than US$ 350,000 in registered capital. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| In 2006, the average price of gas spot goods in U.S. was 6.74 USD per million British thermal units. Compared with the average price of 8.97 USD per million BTU in 2005, it was down 24.8%. Meanwhile, the average price of future gas was 6.98 USD per million BTU, which was down 23% compared with 2005 when it was 9.02 USD per million BTU. |
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