China Studies Floating Gas Plants for South China Sea
of the National Shipbuilding Industry, told Reuters the government was ready to finance research and development and offer tax incentives for any local manufacturing work needed to build such floating liquefaction plants. Government officials could not be reached for comment, but the Ministry of Finance issued a policy document in April supporting local companies developing offshore engineering technology through tax incentives and the waiving of import tariffs on components and raw materials. (By Chen Aizhu; Editing by Dean Yates and Tom Hogue
China to Step Up Ocean Research as Russia Cuts Arctic Budget
China will step up the building of research vessels including polar icebreakers, mother ships for manned submersibles and comprehensive research vessels reports Xinhua, while Russia's Ministry of Finance has refused to pay for Arctic research according to news on the official website Arctic-Info. Jiaolong, China's first manned deep-sea submersible, is scheduled for oceanic research in the southwest Indian Ocean and the northwest Pacific Ocean in 2014, the State Oceanic Administration (SOA) informed Xinhua at a national maritime work conference. Xinhua cites Liu Cigui, head of the SOA, as saying