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Symantec looks for security in Chinese market

BEIJING - Symantec Corp, the world's biggest maker of computer security software, said China will be its largest revenue contributor in the Asia-Pacific region in the next two years, as the company is going to expand aggressively to more Chinese cities. Enrique Salem, president ...

Air China receives Spanish tourism award

MADRID - Representatives of Air China collected a Plaque for Tourist Merit in Spain Thursday. The Plaque was awarded to Air China following a Royal Decree from Spain's Council of Ministers and the airline was one of just three organizations that won the award this year, the ...

Samsung, LG approved for $6b China LCD plants

Samsung Electronics and LG Display said on Dec 2 they have received official approval from China to build $6 billion worth of flat screen plants in the fast growing TV market. Asian makers of liquid crystal display (LCD) screens are rushing to set up production bases in China, ...

Liberty Mutual taking giant steps in China

Hangzhou - Liberty Mutual Insurance Co, the fifth-biggest foreign insurer in China, made another stride on Wednesday into China's insurance market, at a time when most overseas insurers are re-examining their business models in the face of stagnant growth. The company, whose ...

Yoox to open new online stores in China in 2011

Italian online fashion retailer Yoox is planning to bring some of the most exclusive fashion brands to China next year, tapping into the demand for luxury goods of the world's largest online population, Reuters reported on Dec 1. Yoox, which powers sites for 23 fashion groups ...

MGM China offering likely in first quarter

HONGKONG -MGM China, an MGM Resorts International joint venture in Asia's gambling center Macao, aims to launch an initial public offering in Hong Kong in the first quarter of 2011, a top executive said. The latest comments indicate a slight delay from previous plans to list this ...

Executives of yoghurt giant arrested for illegal fund raising

CHANGSHA - Four high-ranking executives of Taizinai, a leading Chinese fermented yoghurt producer, have been arrested for illegal fund raising, police in central China's Hunan province said Tuesday. Beginning in February 2008, Taizinai raised more than 137 million yuan ($21 ...

ThyssenKrupp to build $222.5m plant in China

ThyssenKrupp AG, Germany's largest steelmaker, plans to build a 170 million-euro ($222.5 million) facility to make crankshafts for the automotive industry near Shanghai, Chief Executive Officer Ekkehard Schulz said. The company expects to sign contracts for the plant with Chinese ...

Chinese Vice-Premier meets chairman of UPS

BEIJING - Chinese Vice-Premier Wang Qishan met with Chairman and Chief Executive Officer of United Parcel Service (UPS) Scott Davis in Beijing Tuesday. Wang congratulated UPS on its successful development of its business in China. Referring to China-US economic relations, Wang ...

PCM acquires GM's parts-supplier unit

BEIJING - Pacific Century Motors (PCM), a joint venture between Tempo Group and the Beijing municipal government, completed the acquisition of General Motors' steering-parts manufacturing unit on Tuesday, setting a record for the biggest single overseas purchase in China's ...

Dell to double investment in China to $250b by 2020

HONG KONG/BEIJING - Dell will likely spend $250 billion in China on procurement and other investments over the next 10 years as it expands in the world's No 2 personal computer (PC) market, the head of its China operations said on Tuesday. The forecast is more than double the ...

China CNR, CHALCO sign accord on supply guarantee

BEIJING - China CNR Corp announced Tuesday that it has signed a framework agreement with Aluminum Corporation Of China (CHALCO) to forge a strategic cooperation as both companies vowed to guarantee supplies to each other. China CNR and CHALCO will prioritize their supplies of ...

Fuji Heavy likely to build cars in China from 2012

TOKYO - Fuji Heavy Industries Ltd, the Japanese maker of Subaru-brand cars, is likely to begin production of cars in China in 2012 to meet demand in the world's fastest growing major economy, Bloomberg News reported Wednesday. The automaker will target annual sales of 100,000 ...

China's GD Power to raise 9.7b yuan via placement

SHANGHAI - China's GD Power, a unit of State-owned Guodian Corp, plans to raise not more than 9.7 billion yuan ($1.46 billion) via a share placement and has set a sale price at 3.19 yuan per share, it said on Wednesday. The company said proceeds from the sale of no more than ...

Leading car makers across Taiwan Straits set up JV

HANGZHOU - Two leading car makers across the Taiwan Straits established a joint venture Tuesday in East China's Zhejiang province. Dongfeng Motor, a leading auto maker in the Chinese mainland, and Yulong Motor in Taiwan, have jointly invested 3.4 billion yuan ($510 million) to ...

China Mobile to improve smartphone system with new alliance

China Mobile, the country's largest mobile carrier by subscriber bases, is making a new push to promote its own mobile operating system by establishing an "innovation alliance" to further its development, the US-based PCWorld reported Monday. The company, which has more than 570 ...

China's iSoftStone prices top of range

NEW YORK - China-based information technology (IT) services provider iSoftStone Holdings Ltd priced its initial public offering (IPO) at the top of the expected range on Monday, according to an underwriter. The company and shareholders sold 10,833,334 American depositary shares ...

Changing attitude bodes well for pioneers

BEIJING - A true, vivid story about ordinary people is better than any lackluster lecture, said Jimmy Zhong, vice-president of Philips (China) Investment Co, who has led the company's work on intellectual property (IP) in China for more than five years. "I was deeply impressed," ...

Huawei aims to build on patents

BEIJING - Huawei Technologies Co, China's top telecommunications equipment maker, aims to continue building on its strength for innovation and expanding cooperation with worldwide patent holders. Founded in 1988, the Shenzhen-based company has quickly grown into a leading player ...

Bayer to expand in China

Leverkusen, Germany - Bayer Group, the world's leading chemical and pharmaceutical company said its research and development (R&D) spending in 2010 is likely to record 3.1 billion euro ($4.03 billion), an increase of 13 percent year-on-year. The company also said it plans to ...

Latest World News

china

China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

world

market

China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

finance

industry

Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
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 leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

trade

sports

Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
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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