From late December, visitors flock to this city in Heilongjiang Province in the north-east of China to experience one of the finest ice and snow festivals anywhere in the world.

BBC: Chill out in China: Harbin��s Ice and Snow Festival

Experts from Shandong, a province in the north-east of China, were asked to produce a feasibility study, and the government now proposes to start work.

ECONOMIST: The price of cheap petrol

The company has operations in the Middle East, Central Asia, the Asian-Pacific region and North America, but China projects account for 83% of revenue.

WSJ: Sinopec Engineering's IPO Has Skeptics