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All-electric bus may help BYD drive into US

SHENZHEN - BYD Company Limited's first vehicle to hit the US road might be an all-electric bus and the US market is set to be the company's largest overseas market. BYD, partly owned by billionaire Warren Buffett, is currently building its US headquarters in downtown Los Angeles. ...

China firms raise decade-high amount in H1 IPOs

Chinese companies raised the most this decade in first-half initial public offerings as Huatai Securities Co and more than 170 other firms tapped the country's financial markets. Companies raised 215.3 billion yuan ($31.8 billion) from IPOs, said Tong Daochi, the China Securities ...

LAOX, Media Markt said to enter China retail market

Japanese electronics retailer LAOX Co and Media Markt, part of Germany's largest retailer METRO AG, Monday announced that they would open stores in Shanghai, adding even more heat to the fierce competition in the domestic market, the Beijing Business Today reported. LAOX ...

Foxconn's shares depressed

HONG KONG: Trading in shares of Foxconn International, the listed arm of the suicide-plagued Foxconn, resumed on Tuesday in Hong Kong and opened at HK$5.5($70.5), down 2.83 percent from the previous closing, in the wake of salary hike announcement. By midday, Foxconn Internationa...

Foxconn says wage hike may not harm company

SHENZHEN - The suicide-plagued IT manufacturing giant Foxconn said Monday that the company's decision to offer its Chinese mainland assembly line workers large wage hikes -- possibly causing a spike in operational costs -- may not damage company finances. In a statement posted on ...

Foxconn hikes workers' pay by nearly 70% after serial suicides

SHENZHEN - Foxconn, a world's leading IT contract manufacturer, announced Sunday night in a statement that it will raise wages for assembly workers at its production base in the southern Chinese city of Shenzhen by 66 percent to 2,000 yuan ($293.3) per month as of Oct 1. Foxconn ...

Foxconn to pay housing allowance in east China plant

JINAN - A plant of Taiwan's Foxconn Technology Group in east China's coastal city of Yantai Friday said it has agreed to pay housing fund for its 80,000 workers.It said in a statement that it was working on the details.The Economic Information Daily, a newspaper run by Xinhua, ...

Foxconn says to negotiate price rise with clients

HONG KONG - Foxconn International, the HK-listed arm of the Taiwan-based electronics giant Hon Hai Precision Industry, said here on Tuesday that it has started talks with overseas clients over a possible product price rise, which could partly offset rising operating cost ...

EU backs bid to cut emissions

BEIJING - The European Union (EU) is working with China on arrangements for a pilot scheme on carbon trading in the world's biggest developing country, said Jos Delbeke, director-general of the European Commission's (EC) climate team. During a two-day workshop with officials from ...

'Many areas' for Sino-US green cooperation

Focus should be on solutions, not finding fault with China: Analysts Washington - China and the United States should team up in clean-energy development to boost energy conservation and environmental protection, analysts have said. Bill Tyndall, senior vice-president of federal ...

Walmart rewards green ideas with shelf space

SHANGHAI - Wang Xuemei takes energy-saving so seriously she has invented a device that she hopes will become a commercial success. "I hope my invention, a solar-energy recharger, will make the battery charging process faster, greener and cleaner" said Wang, a student from Beijing ...

China beats US in green shopping bags

New York might consider itself the fashion capital of the world, yet it's surely not as fashionable as Shanghai or many other Chinese cities when it comes to shopping bags. Various cloth and canvas shopping bags have become a trend in supermarkets and on streets in many Chinese ...

E China to reduce dyeing capacity for environment

HANGZHOU - China's "textile town" Shaoxing county is set to reduce its annual textile printing and dyeing capacity by 710 million meters of textile before Sept 15, in a bid to save energy and cut emissions, sources with the county government said Wednesday. The reduction is about ...

'Green' plastics for cars, homes

German specialty chemicals group Lanxess plans to boost the supply of its products to meet growing demand for more environmentally friendly plastics in China. Three business units of the company - semi-crystalline products (SCP), inorganic pigments (IPG) and the wholly owned ...

Chemical company boss appeals 11-year sentence for environmental crimes

A chemical company boss who was sentenced to 11 years in prison for criminal enviromental negligence leading to a tap-water contamination scandal appealed his ruling Monday. Sources from the Intermediate People's Court in Yancheng, Jiangsu province, told Xinhua Monday an appeal ...

Latest World News

world

Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
CHICAGO -- Chicago held a ceremony Friday at the landmark Daley Civic ...
UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
The first day of the peace conference in Montreux, was marked by ...
Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
Three people have reportedly been killed in Ukraine's capital Kiev ...

market

finance

Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
Financial reform in the China (Shanghai) Pilot Free Trade Zone will ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...

company

industry

China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...

trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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