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Sinohydro to raise $2.7b in share sale

A project by Sinohydro Group Ltd, China's largest builder of dams. The company plans to raise $2.7 billion in a Shanghai IPO to finance its expansion both in China and the international market. [Photo/China Daily] Dam builder will launch deal next week to bankroll power projects ...

Fuel-saving strategies to be extended

A salesman explains energy-saving vehicle subsidies to a customer in an auto market in Nanjing, Jiangsu province. The government has disbursed 12 billion yuan ($1.88 billion) subsidies for 2.51 million energy-saving cars. [Photo / China Daily] Government planning changes to ...

Low-carbon growth 'needs incentives'

DALIAN, Liaoning - Government incentives are important to pave a low-carbon road for economic growth, and the corporate sector should be the main player through technological improvement, said officials and industry insiders at the World Economic Forum in Dalian. "The most ...

Pilot cities to test vehicle power pricing

Electric cars set to become major customers for utility companies BEIJING - A new electricity pricing system for electric vehicles is likely to be established in pilot cities to boost China's fledging new-energy vehicle industry, experts said. New-energy vehicles will become big ...

Gamesa Corp plans to sail into a prosperous future

Workers prepare a wind turbine for shipment at the Gamesa factory in Tianjin. The company said it will invest in two new plants in China. Provided to China Daily Beijing - Gamesa Corp Tecnologica SA, a leading Spanish wind turbine manufacturer, plans to invest 90 million euros (...

CNOOC: Oilfield halt to hit output

A ship moves near the platform B in Penglai 19-3 oilfield at north China's Bohai Bay, in this file photo taken on July 15, 2011. [Photo/Xinhua] Following the full suspension of drilling operations on Sunday at its Penglai 19-3 oilfield, China National Offshore Oil Corp (CNOOC) ...

Global demand for iron ore grows: Rio Tinto

Rio Tinto says the global demand for iron ore will grow over the next eight years. [Web photo] Global iron ore production growth needs to be at a rate of at least 100 million tones a year over the next eight years to meet rising demand, the world's mining giant Rio Tinto said on ...

Patience is a virtue for haute couture

A customer looks over Hua Fu dresses in a NE Tiger Fashion Co shop.[China Daily] Domestic high-end clothing manufacturers have a long way to go to become luxury brands, but this is the best time for luxury brands to develop in China, experts said. Luxury brands need historical ...

Merck Serono sees growth in individualized R

Merck Serono Co Ltd, the biopharmaceutical division of Merck KGaA, will pursue stratified treatment research and development (R&D) in China, with the drug company's fourth R&D facility worldwide starting up in Beijing on Wednesday. "We are really pioneers in the stratified ...

Manager sacked over oil plant fires

The general manager of the Dalian Petrochemical Company of China National Petroleum Corporation (CNPC), a leading on-shore oil producer, was removed from his post Tuesday following the branch's second fire in two months, a company source said Wednesday. Photo taken on Aug. 29, ...

Nuclear industry's growth to slow

A nuclear power plant in Taishan, Guangdong province. China will have 42 gigawatts of nuclear capacity by 2015, according to Zhang Guobao, former head of the National Energy Administration.[Photo/Bloomberg] BEIJING - The expansion of China's nuclear power industry will slow from ...

World's largest solar powered optical sculptures park opens

The Solar Powered Optical Sculptures Park opens on Aug 29, 2011, displaying more than 100 optical sculptures in Shandong province's Dezhou city. [Photo/CFP] The Solar Powered Optical Sculptures Park opened Monday, displaying more than 100 optical sculptures in China Solar Valley ...

Hawtai's diesel cars inching ahead

Zhao Yi, vice-president of Hawtai Motor, believes that diesel is the best choice for Chinese automakers. [Photo / China Daily] BEIJING - When the public doesn't buy into the superiority of diesel-powered cars, the so-called fuel-efficient and environmentally friendly vehicles can ...

Xinjiang set for US$11b in CPIC investments

China Power Investment Corp (CPIC), a State-owned energy company that is one of the country's five major power generating groups, will invest more than 70 billion yuan ($11 billion) in its power, coal and coal chemistry sectors in the Xinjiang Uygur autonomous region over the ...

ConocoPhillips apologizes again for oil spill

ConocoPhillips China President Georg Storaker makes statement at a news conference in Beijing on Wednesday about the Bohai Bay oil spill earlier this summer. ConocoPhillips China President Georg Storaker apologized again for the Penglai 19-3 oil spill in Bohai Bay earlier in the ...

Overseas energy deals 'require caution'

Shenhua Group Corp Ltd's booth at a coal industry exhibition. Mongolia said it will rethink its plan to give the Chinese group a 40 percent stake in the Tavan Tolgoi coalfield. [China Daily] Experts warned that Chinese energy companies must conduct better risk assessments and ...

Manufacturing set for slower contraction

China's manufacturing may contract at a slower pace in August as the world's second-biggest economy weathers slumping global confidence. A preliminary reading of 49.8 for a manufacturing index released by HSBC Holdings PLC and Markit Economics on Tuesday compares with a final ...

Out with the old, in with the new

A chocolate factory in Nantong, Jiangsu province. Chinese manufacturers are upgrading their equipment to gain an edge in competition and reduce energy consumption. [Photo / China Daily] China determined to upgrade its machinery and improve environment SHANGHAI - The old-fashioned ...

When saving energy became a fashion

A production line of High Fashion (China) Co Ltd in Hangzhou, Zhejiang province. [Photo / Provided to China Daily] One company in Zhejiang has been upgrading its facilities to reduce pollution SHANGHAI - In addition to being one of the largest silk producers in the city of ...

Foxconn to employ legions of robots on production line

Women employees work at assembling line at a factory of Foxconn. [File photo] Foxconn plans to churn out a million robots by 2013 to assist in manufacturing alongside human employees, founder and chairman Terry Gou said during a visit to an IT park in Shanxi Province. The Taiwan...
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Latest World News

world

Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
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UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
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Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
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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
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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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