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FAW Rolls out First Batch of New Energy Vehicles

A staff member is seen at the office building of China FAW New Energy Vehicle Branch in Changchun, capital of northeast China's Jilin Province, Aug. 22, 2011. FAW's new energy cars, namely Besturn plug-in hybrid electric vehicle (PHEV) and Besturn EV, debut in Changchun on Monday...

Service Seeks Road to Success

Visitors to a high technology exposition gather at the beidou navigation pavilion for information about the development of China's navigation industry. The event, the 14th China Beijing International High-Tech Expo, took place in May in Beijing. [Photo: China Daily] Beijing Uni...

Sina to Monetize Weibo Web Service

Sina Weibo is displayed at Global Mobile Internet Conference 2011 in Beijing,April 27,2011. [Photo: CFP] China's biggest Internet portal, Sina Corp, expects to monetize its most popular micro-blogging service, Sina Weibo, in the first half of next year, said a top official on ...

Hsu Fu Chi Deal Offers 23pct Return

The booth of Nestle SA at an expo in Beijing. The company's acquisition in China is giving traders a chance to profit without any risk of losing money. [Photo: China Daily] Nestle SA's biggest acquisition in China is giving traders a chance to reap a 23 percent profit without the ...

Nokia, China Mobile Open the Windows

The Nokia N9 smartphone is displayed at a Nokia news conference in Espoo, June 21, 2011. [File photo: Agencies] Nokia Corp plans to introduce phones using Microsoft Corp's Windows operating system, based on China Mobile Ltd's self-developed third generation (3G) mobile networks ...

Media Markt Plans Larger Network

Media Markt's first outlet in Shanghai. The Germany-based company plans to have six or seven stores this year. [Photo: China Daily] The electronics retailer Media Markt, owned by the German group Media Saturn Holding, plans to have six or seven stores by year-end, all in Shanghai...

Baojun Enters Growing Segment

The Baojun 630 automobile is displayed in Shanghai. General Motors's minivan joint venture SAIC-GM-Wuling Tuesday launched the first model under its passenger car brand Baojun to cash in on the rapidly growing passenger car segment in China. [Photo: Shanghai Daily] General Motors...

Automakers Hunt for Sweet Spot in Brazilian Market

A Jianghuai Automobile Co Ltd production line in Hefei, Anhui province. The company plans to invest $600 million in a production plant in Brazil to help raise its global market share. [Photo: China Daily] Chinese automakers are keen to raise their presence in emerging markets ...

DQ Admits Its Raw Mix Comes from Baxi

A Dairy Queen ice cream store in Nanjing, Jiangsu province, Aug 3, 2011. [Photo: CFP] US-based ice cream chain Dairy Queen (DQ) admitted the raw mix they use to make ice cream is produced and provided by Beijing-based Baxi, a Chinese company established in 1994. The company ...

SAIC Restructuring Plan Approved

The Shanghai Automotive Industry Corp (Group) booth at the Auto Shanghai 2011 car show. The car company said earlier this year that it hopes to merge its manufacturing capabilities. [Photo: Bloomberg] SAIC Motor Group, China's largest automaker by sales volume and revenue, ...

Carlyle to Buy 9 pct of Haier

A man walks past washing machines of Panasonic Corp and its Sanyo Electric unit displayed at an electronics store in Tokyo.[Photo: Agencies] Buyout firm Carlyle Group agreed to buy 9 percent of Haier Electronics Group Co Ltd (HEG) through convertible bonds, raising its stake in a ...

Yanchang Petroleum to focus on petrochemicals

Shaanxi Yanchang Petroleum (Group) Co equipment. Yanchang Petroleum is one of only four qualified Chinese oil companies that hold domestic oil and natural gas exploration rights. [ Photo/China Daily] Shaanxi Yanchang Petroleum (Group) Co, China's fourth-biggest oil producer by ...

Gaming Companies Make Overseas Play

Netizens play online games at an Internet cafe in Zaozhuang, Shandong province. China's online gaming industry generated record high revenues of 32.37 billion yuan ($5 billion) last year. [Photo: China Daily] Nation's entertainment industry is enjoying 'golden age' of expansion ...

Officials Consult Apple before Closing More Suspect Stores

A customer looks at products in a fake Apple store in Kunming, capital of Yunnan province, on July 22. The store was made famous by a blog posting that said even a store worker there did not realize it was a fake outlet. [Photo: Reuters/ Aly Song] Questions hang over three ...

Apple's Sales in China Grow Sixfold

Customers examine Apple Inc products at the company's official store in Shanghai. Despite surging sales, customers with broken products must make an online appointment and wait about a week to meet with service technicians because of the scarcity of official Apple stores. [Photo: ...

Siemens' Health Unit to Focus on Smaller Cities

This file photo, published on Tuesday, July 19, 2011, shows that staff working at a promotional boost of Siemens' healthcare division at an industry expo held in Beijing in March, 2011. [Photo: CFP] China is expected to be the second-largest market in the world for Siemens Ltd's ...

NDRC Approves Peugeot, Chang'an JV

Chang'an Automobile Group's Alto at an auto expo in Beijing. The Group's joint venture with PSA Peugeot Citroen will produce environmentally friendly light-duty commercial vehicles and passenger cars at its factory in Shenzhen, Guangdong province. [Photo: China Daily] China's ...

Sinopec Tops Chinese Fortune 500 Again

Sinopec tops Fortune China's Fortune 500 list for 2011. [File Photo: Agencies] Fortune China revealed its 2011 'Chinese Fortune 500' list this Wednesday with Sinopec topping the list for the second time with its revenue totaling 1.91 trillion yuan, Beijing Times reports. ...

Huang Guangyu's Company to Bid for Retired Aircraft Carrier

Huang Guangyu [File Photo: sina.com] A Hong Kong-based company which is backed by China's home appliance tycoon Huang Guangyu is bidding for a retired British aircraft carrier in auction with plans to alter it into a luxury exhibition platform, The Beijing News reports. Zhao ...

Passenger Vehicle Sales Help GM Reverse Slump

Two women examine a General Motors Co Chevrolet Volt at an expo. The automaker's Chinese sales rose in June as customers bought more Buick and Chevrolet cars. The company sold 193,878 vehicles in China last month, 10 percent more than the 176,489 sold a year earlier. [Photo: ...
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