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CRCC's $1.2b share sale plan agreed

China Railway Construction Corp (CRCC's) plan to raise as much as 8 billion yuan ($1.2 billion) through a private placement has been approved by its shareholders, the company said. CRCC, a Beijing-based mega-size railway and highway builder, will sell more than one billion A...

Strikers seal deal at Toyota to resume work after pay hike

TIANJIN - Workers went back to work on Sunday morning at a Toyota parts supplier in North China's Tianjin municipality, ending a three-day strike for higher pay, local authorities said. Workers at the No 2 plant of Toyota Gosei (Tianjin) Co (TG) in the Dongli Economic Development ...

Ritz adds more glitz to Pudong

With the metallic red China Pavilion at its heart, Pudong is now, more than ever, an integral part of Shanghai, brought into even greater prominence with the city's hosting of Expo 2010. In a metropolis of steel and glass, the Ritz-Carlton Shanghai Pudong tailors its services to ...

Baosteel to quietly give in to Q3 ore price hikes - official

Leading Chinese steel mill Baosteel has not formally agreed a price for iron ore in the third quarter but may have to swallow whatever the big miners offer, a company official said on Friday. On condition of anonymity, the official told Reuters the company was highly unlikely to ...

China's bids on US magazine fail

Investors say more media buys are coming BEIJING - China's Southern Daily Group's recent attempt to acquire Newsweek magazine - the country's first bid for a Western publication - has failed, but the bidder is expecting to make other, similar purchases, the publication's senior ...

Skyworth '09 profits up 188.3%

Skyworth Digital Holding saw its profit jump 188.3 percent to HK$1.33 billion ($170.28 million) for the fiscal year ending March 31, 2010, the consumer electronics producer said in its annual report Wednesday. Turnover from continuing operations grew 48.5 percent year-on-year to ...

Google not on mapping list

Firm also faces uncertainties in getting ICP license BEIJING - Google Inc has not been included in the initial list of companies that the State Bureau of Surveying and Mapping (SBSM) plans to approve to provide online mapping services in the country. Twenty-three domestic ...

US blocks China fibre optics deal over security

A deal that would have given a Chinese investment company a 60 percent stake in Emcore's fiber optics business has been called off because of regulatory concerns, the companies said Tuesday. A filing with the Committee on Foreign Investment in the United States was officially ...

Walmart eyes fast growth of its 'direct farm program'in China

TIANJIN - Walmart in China is eyeing fast growth for its "direct farm program," which will bring benefits to 700,000 Chinese farmers by year-end, says Vice President of Walmart (China) Barry Friedman. "We hope that 1 million Chinese farmers can benefit from the program by the end ...

MCC's Afghan copper mine to start output in '13

CHENGDU: A copper mine joint venture between Metallurgical Corp of China and Jiangxi Copper in Afghanistan is expected to start production of copper concentrates in 2013, an executive at MCC Tongsin Resources Ltd said on Wednesday. The first phase of the Aynak copper mining ...

Smaller brands burn big rivals on SPF test

A recent sample test conducted by China Consumers' Association (CCA) on 72 sun protection products on the market shows not all big brands live up to their big names. The test includes two items: SPF (Sun Protection Factor) and PA. SPF shows how well a sun protection product does ...

Yum! Brands provides a feast for the east

Yum! Brands - the US-based parent company of restaurant brands that include Pizza Hut, Kentucky Fried Chicken (KFC), Taco Bell and Long John Silver's is opening another seven KFC restaurants on the Chinese mainland, Dickie Oliver, vice president of VP Global Infrastructure for ...

Foxconn to build plant in C China's Zhengzhou

ZHENGZHOU - Foxconn is to build a new plant in Zhengzhou, capital of central China's Henan province, municipal authorities said Tuesday.Foxconn and senior officials of Zhenzhou and Henan are working on the details of an agreement to build the plant, said a spokesman for the ...

Google changes mainland access

BEIJING - Google Inc will stop redirecting Chinese online users to its Hong Kong site in an attempt to renew its license for Google.cn, which is set to expire on Wednesday, the Internet search giant said on Tuesday. The Chinese government has told US-based Google that re-routing ...

Pratt & Whitney, AVIC in talks on making engines

SHANGHAI - Pratt & Whitney, a leading aircraft engine manufacturer, said it is talking with Aviation Industry Corp of China (AVIC) about manufacturing its latest engine models in China. "Both AVIC and Commercial Aircraft Corporation of China Ltd (COMAC) showed great interest ...

Lead recyclers idle 8% of total capacity on costs

Lead recyclers in China, the world's largest, have idled about 8 percent of capacity because of high input costs, according to a State-owned researcher. About 100,000 metric tons of the country's 1.2 million tons in annual lead recycling capacity have been suspended, said Hu ...

China's largest law firm opens HK office

Dacheng Law Offices, Asia's largest legal firm by number of lawyers, opened a Hong Kong office, joining rival US and Chinese firms that have expanded in the city to target a boom in finance and mergers. Beijing-based Dacheng will have 15 partners in Hong Kong by the end of this ...

China Resources, Tianjin Gas agree to $590m venture

HONG KONG - China Resources Gas Group and Tianjin Gas have agreed to set up a joint venture to supply natural gas in China's Tianjin, with total investment of about 4-5 billion yuan, China Resources said on Tuesday. City gas distributor China Resources would contribute 49 percent ...

Baidu to hire US engineers to work in China

SHANGHAI - Baidu Inc, China's leading search engine, will start hiring software engineers directly from the United States early next month, as it seeks to expand its technological capabilities and raise its global profile. Baidu, whose name is taken from an ancient poem, was ...

China Resources to buy 80% stake in Pacific Coffee

China Resources Enterprise Ltd, a partner of SABMiller Plc, will acquire 80 percent of Pacific Coffee Group, Hong Kong's second-biggest coffee shop chain, as it expands its consumer businesses. China Resources' Festive Wise Limited unit will pay HK$326.6 million ($42 million) to ...
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China's farm product pricing plan shifts to market orientation
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Minivans rev up sales for GM
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Lucrative golf industry lures stiff competition
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Yao's gift of sport for all
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