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Merck begins work on new unit

SHANGHAI - Drugmaker Merck Sharp & Dohme (MSD) started work on a new manufacturing site in Hangzhou on Monday as part of its expansion plans in China. The 37,000 sq m manufacturing site in Hangzhou Economic and Technological Area has been set up with a total investment of 1.1 ...

Currency moves may imperil textile firms

BEIJING: Half of China's textile companies risk going to the wall if the yuan appreciates 5 percent against the US dollar, an industry lobby group warned. China National Textile and Apparel Council Vice-President Gao Yong attributed this knife-edge existence to the industry's ...

Baosteel to be evaluated for Nissan supply

China's second-largest steelmaker Baosteel Group said it will be evaluated by Japanese carmaker Nissan Motor Co as a global autosheet supplier. This is the first time a Chinese steel producer has entered the car maker's global supply evaluation mechanism. As China's leading auto ...

Hainan encourages tourism firms to go public

South China's Hainan province plans to invest 3.5 trillion yuan ($516.85 billion) in the next 11 years to build the southern tropical island into an international tourism island, sources from the Hainan Tourism Development Commission said, the Shanghai Securities News reported ...

Zijin's copper mine sewage contaminates river

A sewage leakage from a copper mine has contaminated a local river in China's Fujian province, causing mass deaths of fish, environmental authorities confirmed on Monday. An initial investigation has found the leakage was from a plant of the Zijinshan Copper Mine, a copper ...

Grange seeking China debt talks for planned $1.6b iron ore project

Grange Resources Ltd, Australia's largest iron ore pellet producer, is seeking debt funding from China to help finance a A$1.8 billion ($1.6 billion) iron ore mine in western Australia. "We will be talking to financiers in China in the not too distant future to shore up the debt ...

China's telecom gear vendors await Indian move amid perplexity

MUMBAI - Chinese telecom device vendors expressed their anxiety and confusion while waiting for the release of official telecom security norms with Indian government to re-gain access to the emerging market, according sources from Chinese telecom gear makers. "We're now in a ...

Changan, PSA sign contract to create new JV in China

PARIS - China Changan Auto Group Corporation (CCAG) and French leading carmaker PSA Peugeot Citroen signed a contract Friday here on the creation of an equally owned joint venture in China. The contract was signed by Xu Bin, president of China South Industries Group Corporation, ...

Toyota 'open' to increasing salaries

NAGOYA, Japan - Toyota Motor Corp is open to raising the wages of workers in China, where a series of strikes have disrupted its operations, the automaker's president said on Friday. Akio Toyoda said raising wages in China would bring some benefits, like helping to create a ...

Air China tackles services to narrow gap with Cathay

SHANGHAI - Air China Ltd, the nation's largest international carrier, said it is working on more than 100 service improvements as it competes with Cathay Pacific Airways Ltd and Delta Air Lines Inc on overseas routes. Targets include onboard catering, seat comfort, inflight ...

Google's license renewed

Beijing - Google Inc said on Friday that Chinese authorities had renewed the license of its domestic website, securing its presence in the world's biggest Internet market. "We are very pleased that the government has renewed our license and we look forward to continuing to ...

Chinese steel mills cut output to maintain prices

Chinese steel mills are cutting their output to reduce losses as the country's steel inventory reached a historic high and domestic steel prices continued to drop for more than ten weeks in a row, the Economic Information Daily reported Friday. Steel prices on the international ...

Private TV channel wins venture capital funds

BEIJING - Blue Ocean Network (BON TV), China's first private English-language television channel targeting overseas audiences, aims to increase its international presence after receiving venture capital funding. BON TV, which was founded in 2006 and started broadcasting last ...

Engineering machinery firms strive for energy efficiency

BEIJING - Engineering machinery makers will develop more energy-saving products as industry competition intensifies and the nation presses ahead with its focus on energy efficiency, analysts and industry experts said on Thursday. "Energy-efficiency will be one of the key trends ...

Sino-Ocean seeks controlling stake in Kee Shing

Sino-Ocean Land Holdings announced Wednesday night that it intends take a controlling stake in Kee Shing (Holdings) for HK$474 million ($61 million). Sino-Ocean, which went public on the Hong Kong stock exchange less than three years ago, said in a statement that it offered at ...

COSCO, SeaEnergy in offshore wind industry agreement

LONDON - British renewable energy firm SeaEnergy PLC announced Wednesday it signed an agreement with Chinese shipbuilder COSCO to develop and market steel structures for the offshore wind industry. The cooperative agreement was expected to lead to a definitive contract to develop ...

Ansteel calls for fair market environment in US

SHENYANG - China's Anshan Iron and Steel Group Corp (Ansteel) called for maintaining a fair market environment in the US on Wednesday after 50 US lawmakers sought to block its investment in a US steel company. In a recent letter to US Treasury Secretary Timothy Geithner, the ...

China Poly Real Estate H1 sales up 3.3%

China Poly Real Estate Group Co, one of the country's biggest developers, said on Thursday its property sales in the first six months rose 3.3 percent year-on-year. Sales from January to June were at 21.76 billion yuan ($3.21 billion). Vanke, who posted a 19.5 percent rise in ...

ZTE ranks 3rd in global optical networking market

JAKARTA - China's ZTE Corporation, a leading global provider of telecommunications equipment and network solutions, on Wednesday announced that it is ranked third in the global optical networking (ON) industry according to the latest research by industry analyst firm Ovum, a ...

Barclays to boost investment bank in Asia with new hirings

Barclays Plc, the UK's third- biggest bank, hired Vanessa Koo from Goldman Sachs Group Inc and James Lim from BNP Paribas SA as part of plans to bolster its investment-banking unit in Asia. Koo will focus on mergers and acquisitions in the mainland, Hong Kong and Taiwan, while ...
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China offers inspirations to global dilemmas
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Bill Gates talks nuclear
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China slams Japan's NHK governor's denial of Nanjing massacre
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world

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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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IMF chief warns of risks to recovery
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GM China chairman to retire
GM China chairman to retire
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Minivans rev up sales for GM
Minivans rev up sales for GM
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Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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Chinese leader calls for more marine power
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Lucrative golf industry lures stiff competition
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Two models stand beside golf equipment and bags at a recent golf ...
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 ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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