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Foxconn has more than 1m employees in mainland

HONG KONG - Foxconn Technology Group, the world's largest contract manufacturer of electronics, said its workforce in the Chinese mainland now exceeds one million as the company continues to hire during the holiday season, Bloomberg News reported Dec 10. "We're still hiring as we ...

Datang Renewable raises $643m in HK IPO

HONG KONG - China Datang Corp Renewable Power Co, the nation's second-biggest wind-power producer by capacity, raised $643 million selling shares in Hong Kong at the bottom of its range, as investors shun renewable energy companies, Bloomberg News reported Monday. The unit of ...

China's Southern Airline to start flights to New Zealand

WELLINGTON - China Southern Airlines will begin flying to Guangzhou from Auckland three times a week from next April. Auckland Airport made the announcement at a news conference on Sunday afternoon. China Southern Airlines will run three flights between the cities (via Melbourne) ...

Rare earth miner fortifies mines to stop theft

HOHHOT - China's biggest rare earth miner has dug a massive trench and planted wire fences around a mine complex in north China in a bid to prevent theft of the minerals, says a company manager. Baotou Steel (Group) Corp had dug a 56-km trench around the complex in Baotou, Inner ...

Mengniu to bid on France's Yoplait

An official from Mengniu, one of China's largest dairy brands, confirmed the company will bid for the purchase of Yoplait, 21st Century Business Herald reported on Friday. The sale of the French dairy manufacturer draws interest from a wide range of players such as Lactalis from ...

Japanese electronics giant opens 1st store in China

SHENYANG - Yamada Denki, Japan's largest consumer electronics retailer, Friday opened an outlet in Shenyang, capital of Northeast China's Liaoning province. It is the first store ever built in China by the Japanese consumer electronics-retailing giant. The seven-floor store has a ...

Sinopec to buy plant in Argentina for $2.45b

BEIJING - China Petrochemical Group (Sinopec), China's largest oil refiner, said Friday it has agreed to purchase US Occidental Petroleum Corp's Argentinean subsidiary for $2.45 billion. Sinopec said in a statement Friday the acquisition includes all assets of Occidental ...

China's Bona film group issues IPO on NASDAQ

NEW YORK - China's Bona Film Group Ltd, issued its initial public offerings (IPO) on NASDAQ Thursday, raising approximately $100 million. Robert Greifeld, chief executive officer (CEO) of NASDAQ, said in the opening bell ceremony that Bona is the first Chinese film company to get ...

Citigroup eyes revenue growth

BEIJING - Citigroup, the third-largest US bank by assets, expects to achieve more than 50 percent revenue growth in its investment banking business in China next year, thanks to an abundant capital flow and a strong deal pipeline, according to one of the financial group's top ...

Bayer to double China sales

Bayer AG plans to more than double its China sales by 2015 from 2009 to about 5 billion euros ($6.7 billion), Bloomberg reported on Dec 8. The Europe's largest drug and chemical maker plans to spend about 1 billion euros to expand production capacity for high-grade materials in ...

Redbaby, Uni-Power to go public in 2011

Redbaby, China's biggest online retailer for baby products, and Uni-Power, a Chinese financial guarantee company, are expected to go public in 2011, Reuters reported, citing US venture capital investor New Enterprise Associates (NEA). Redbaby, which sells baby items as well as ...

Wipro to triple China payroll on booming market

CHENGDU - India's third-largest outsourcing company Wipro Ltd said on Wednesday that it will almost triple its payroll in China over the next three to four years, in an effort to increase its presence in the nation's booming IT market. Girish Paranjpe, joint chief executive ...

Foxconn paves way for production base in central China

CHANGSHA - Foxconn Electronics, the Chinese manufacturer of gadgets like Apple's iPad, Wednesday signed an agreement with the government of Hunan province to set up production and research bases in the central China province. It was the first move into Hunan by the world's ...

Dangdang bides time before e-book plunge

BEIJING - Dangdang.com, China's biggest online book retailer, is still waiting for a better time to launch e-book services, a branch that may help it catch up with its US counterpart Amazon.com and defend itself in the ever fiercer competition of online bookselling in China. ...

China's solar-powered air conditioner goes to US market

GUANGZHOU - China's first solar-powered air conditioner that can also send excess electricity to the power grid began rolling off a Gree Electric Appliances production line Wednesday. The first 50,000 units will be sold to the American market. After that, the units will also be ...

CNOOC signs Australian CSG energy accord

BEIJING - China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas producer, signed a deal on Wednesday with Australia's Exoma Energy Ltd for a 50 percent direct investment in a coal seam gas project (CSG) in Queensland. It's the Chinese company's ...

Chinese firm to dress Zambian athletes

LUSAKA - Athletic authorities in Zambia have signed a deal for a kit sponsorship with Pano Sports International Media Company of China, the Zambia Daily Mail reported on Tuesday. Zambia Amateur Athletics Association (ZAAA) president Elias Mpondela said his association will soon ...

China's homegrown low-floor light rail vehicle passes tests

CHANGCHUN - China's self-developed 100-percent-low-floor light rail vehicle (LRV) has passed safety tests and will likely go into use next year, the LRV manufacturer said Wednesday. A 100-percent-low-floor LRV is a vehicle with no steps between the entrances and the passenger ...

China opens theme park with traditional elements

HEFEI - Fantawild Dream Kingdom, a theme park in Wuhu city in East China's Anhui province featuring amusement facilities with Chinese elements like the legendary Monkey King, opened on a trial basis Wednesday. The theme park comes after Fantawild Adventure Theme Park opened three ...

Shutting windows on Web piracy

BEIJING - Microsoft launched a large-scale campaign to promote the authorized version of Windows 7 in China on Tuesday, in accordance with the latest intellectual property protection moves initiated by the government. During the next few months, Microsoft will employ various ...

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 ...

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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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