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Ikea Aims for 15 Stores in China by 2015: An 18-month-old child and his mother arrive at the newly opened Ikea store in the Pudong New Area, Shanghai. The Swedish retail giant has been operating in the Chinese market for more than a decade. [Photo: China Daily] Eyeing increasing demand in the home products sector, Sweden...

Steady Growth in Helicopter Sales Expected: An AC313 helicopter produced by AVIC Helicopter Co.The company's Tianjin base has delivered two helicopters to clients this year. It will be able to produce 300 helicopters annually in the northern coastal city by 2017. [Photo: China Daily] Demand for civilian helicopters in ...

Stitched up for success: Success at home propels Wenzhou apparel maker to top 10 list in the world People walk past a Metersbonwe store in Hangzhou. The apparel maker has more than 3,000 stores nationwide. [Photo / China Daily] We are all familiar with the China story and how important the nation is to ...

Rio to reduce Q3 prices by as much as 3%: SHANGHAI - Rio Tinto Ltd, the world's No 2 iron ore miner, will drop its prices by up to 3 percent for Chinese steel mills for the third quarter, sources with knowledge of the contract details told Reuters. The modest price cut was in line with a decline in spot prices of the ...

Post Bureau acts against express-delivery companies: Shentong Express' Zhejiang headquarters in Hangzhou. Revenues of the country's express-delivery business grew by 20 percent year-on-year in 2010, according to the State Post Bureau. [Photo / China Daily] BEIJING - The State Post Bureau clamped down on 56 express-delivery ...

Ikea aims for 15 stores in China by 2015: An 18-month-old child and his mother arrive at the newly opened Ikea store in the Pudong New Area, Shanghai. The Swedish retail giant has been operating in the Chinese market for more than a decade. [Photo / China Daily] Company says it needs 3 outlets in Beijing, Shanghai to ...

Steady growth in helicopter sales expected: An AC313 helicopter produced by AVIC Helicopter Co.The company's Tianjin base has delivered two helicopters to clients this year. It will be able to produce 300 helicopters annually in the northern coastal city by 2017. [Photo / China Daily] TIANJIN - Demand for civilian ...

Airbus' battle to rule the airways: Technicians work on the final assembly line at Airbus SAS' A320 plant in Tianjin. The factory is now able to assemble three jets a month. [Photo / Bloomberg] Airbus China president says Chinese business must be seen as two-way traffic Laurence Barron, Airbus China president ...

High-speed technology eyes US patents: An attendant displays the use of rotating chairs in the business class carriage of the high-speed bullet train on June 16. [Photo / Xinhua] Move would open opportunities for railway projects in United States BEIJING - CSR Corporation Limited, one of China's two manufacturers of ...

Bayer plans to double China sales: The logo of Bayer AG shines from a high-rise building Meteorology Plaza in the Xuhui district of Shanghai. China is the company's largest market in the Asia-Pacific region. [Photo / Provided to China Daily] SHANGHAI - The German pharmaceutical and chemical producer Bayer AG has ...

China Economic News in Brief: Sino-U.S. oil JV; Fujian trade; Foxconn projects in Guangxi; Hebei trade: The following are some China economic news items in brief. CHINA, U.S. OIL COMPANIES JOIN HANDS IN NW CITY Shaanxi Yanchang Petroleum Group based in Yan'an of northwest China's Shaanxi Province has teamed up with the U.S. oil company, KER, according to company sources. The joint ...

BMW opens the door to CMBC finance deal: Olaf Kastner, President and CEO of BMW Brilliance Automotive, shakes hands with Hong Qi, Managing Director and President of China Minsheng Banking Corp, after signing a strategic cooperation agreement on June 21, 2011. [Photo/chinadaily.com.cn] Luxury car maker BMW Brilliance has ...

Alibaba to solve spinoff dispute: Two men talk beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province, in this file picture taken May 17, 2010. [Photo / Agencies] HANGZHOU -- China's Alibaba Group on Wednesday said the company and its major ...

Suning plans to go global in next 10 years: An outlet of Suning Appliance Co in Nanjing, Jiangsu province. The company had 1,380 stores by the end of March. [Photo / China Daily] NANJING - Suning Appliance Co, China's largest home appliance retailer by sales volume, plans to open more stores, increase online sales and ...

Comac Seals Deal with Engine Maker: A model of China-made big plane C919 is on display at the 49th Paris Air Show on June 20, 2011. [Photo: Xinhua] Commercial Aircraft Corporation of China Ltd (Comac) signed a contract on Monday with CFM International, making the engine maker the sole overseas supplier for its C919 ...

Men's magazines make their mark: A newsstand featuring a men's magazine advertisement in Shanghai. Fashion magazines for men have enjoyed an annual growth rate of more than 30 percent in China since 2006. [Photo / China Daily] They are the latest fashion accessory for trendy, cool metropolitan males to be seen ...

Movie trailers become stars in their own right: A still from the trailer for the movie A Chinese Ghost Story. China's booming movie market has led to the creation of professionally made trailers as a profitable business. [Photo / Provided to China Daily] BEIJING - The booming film market in China, besides generating box office ...

Harbin Electric Co plunges 51 percent: A steam turbine at Harbin Electric Co Ltd. The shares of the US-listed maker of electric motors plunged 51 percent in the heaviest day of trading in its history. [Photo / China Daily] Shares tank after questions about company's management-led buyout NEW YORK - Shares in Harbin ...

Sinopec plans new refinery complex: A China Petroleum & Chemical Corp (Sinopec) refinery in Beijing. Sinopec operates 13 of the country's 20 mega-refineries with more than 10 million tons of refining capacity. [Photo/China Daily] BEIJING - China Petroleum & Chemical Corp, the country's biggest refiner by capacity, ...

Ma is splitting Taobao into three companies: A billboard advertising Taobao in Shanghai. Taobao controls 80 percent of China's online retail market with 370 million registered members. [Photo / China Daily] Move will give better control over business models in competitive field BEIJING - China's e-commerce giant Alibaba ...

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