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Alibaba's Ma: Compensation talks ongoing

Headquarters of Alibaba Group Holding Ltd in Hangzhou, Zhejiang province. [China Daily] Jack Ma, founder and chief executive of Alibaba Group Holding Ltd, said compensation negotiations between the management and Yahoo Inc and Softbank Corp are still going on, and he declined to ...

A latter-day tale of three Chinese cities

Tourists shopping for handicraft products in Wuyi, Zhejiang province. China's booming private economy features entrepreneurial spirit as well as regional divergence. [China Daily] In contrast with boomtowns such as restless Wenzhou and flashy Yiwu in prosperous Zhejiang province, ...

A latter-day tale of three Chinese cities

Tourists shopping for handicraft products in Wuyi, Zhejiang province. China's booming private economy features entrepreneurial spirit as well as regional divergence. [Photo / China Daily] SHANGHAI - In contrast with boomtowns such as restless Wenzhou and flashy Yiwu in prosperous ...

Net video providers look to diversify

The Youku.com website is displayed on a computer. The Chinese Internet video market rose to global prominence with Youku's US$233 million initial public offering in the United States in December. Visitors shunned the booths of traditional television companies and elbowed their ...

Solar power to become cheaper

A photovoltaic panel production line in Jiangsu province. China had solar projects totaling 300 megawatts, at the end of 2010, after starting two pilot projects in the past two years. (Photo / China Daily) The price of solar power in China is expected to drop by 20 percent in the ...

GE, Harbin Electric sign deal

Harbin Electric Co Ltd will purchase four of GE's gas turbines with FlexEfficiency technology, to be used in district heating applications, in a move to further develop in China's high-end electric market. GE and Harbin Electric (HE) signed a Memorandum of Understanding on Friday ...

Navistar plans to expand into China through partnership with JAC

Navistar International Corp., a U.S.-based manufacturer of commercial vehicles, motor coaches and diesel engines, said on Thursday it would strengthen cooperation with its Chinese counterpart to expand into the world's biggest auto market. Dan Usian, president of Navistar ...

Association predicts China to pass Japan as top luxury market in 2012

China is expected to replace Japan as the world's top consumer of luxury goods by 2012 due to its growing demand and the declining consumption in Japan, the World Luxury Association (WLA) said Thursday. The luxury goods sales value in the Chinese market, excluding private jets, ...

China opens machinery, electronic exhibition in Mumbai

China unveiled its fifth exhibition on machinery, motors, home appliance and consumer electronics in India's business hub Mumbai Thursday in a bid to promote bilateral trade. The three-day annual event draws 109 companies and around 200 exhibitors and has more than 3,000 square ...

Chemical firm investigated over toxic leak

A woman in Yuhang district in Hangzhou, capital of East China's Zhejiang province, tries to grasp a metal jug as she takes water from a truck on Tuesday. [Photo/Xinhua] HANGZHOU - A chemical company in East China's Zhejiang province is being investigated on the suspicion that it ...

Subsidies given for scrapping old cars

A sales clerk walks past brand new cars at a dealership yesterday in Shanghai. China's passenger car sales fell 6 percent in May from a month earlier amid weakening demand because of the expiry of incentives to boost buying, high fuel prices and production cuts by some Japanese ...

Volvo recalls 2337 imported vehicles in China

Volvo began recalling 2,337 vehicles in China on Wednesday to fix problems that could pose safety risks, China's quality watchdog said. The recall affects 280 imported XC60 vehicles and 318 imported S60 autos manufactured between Jan. 20 and Jan. 28, 2011, as well as 1,739 ...

P&G to target smaller cities to boost growth

Head & Shoulders, Procter & Gamble Co's (P&G) shampoo brand, will target small Chinese cities to boost sales growth, the company said last week in Seoul. "Head & Shoulders will start entering county-level or village-level areas in China. It's part of our company's strategy to ...

Beijing home prices feel the chill of city's cooling measures

New-home prices plummeted by more than 20 percent year-on-year in the capital city in May, and analysts said other cities will follow the trend in the second half of this year. In Beijing, the average price of a newly constructed unit dropped to 23,467 yuan ($3,400) a square ...

Textile industry rues cotton price volatility

The volatile price of cotton is making times harder for China's textile industry, which has already been squeezed by higher labor costs and the appreciation of the yuan. Many textile makers, especially smaller concerns, increased their stock of the raw material last year to hedge ...

Yangshan adds depth to planned Shanghai hub

Yangshan Deep-water Port's throughput volume will grow by at least 40 percent, on the back of Shanghai's ambition to become an international shipping hub, said a senior executive from the port's development company. Yangshan Port, part of the Port of Shanghai, is situated at the ...

China moves to improve safety of nuclear power plants after Japanese crisis

The Chinese government, drawing lessons from Japan's recent Fukushima nuclear crisis, is working on nuclear safety planning and conducting more regular safety inspections for nuclear facilities, a senior official said in Beijing on Friday. Vice Minister of Environmental ...

UnionPay cards to be accepted by Brazilian bank, POS system

China UnionPay, the country's largest bank card payment processor, said Thursday that its cards will now be accepted by automatic teller machines (ATMs) owned by Brazilian bank Itau Unibanco starting from June 2. Point of sale (POS) systems used by Redcard, the country's leading ...

East meets West in Tasly's TCM venture

The traditional Chinese medicine (TCM) industry looks likely to gain an overseas presence by tapping into the US market. Tasly Group Co Ltd, one of China's leading biopharmaceutical companies, announced on Thursday a $40 million investment plan in TCM product research at a new ...

Baotou Steel Rare-Earth taking over smaller firms

Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co, the world's largest rare earth producer, will consolidate 35 local rare-earth miners by June and will further unify the distribution and processing of the metals, the region's government said on Wednesday. The Inner ...
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china

Bill Gates talks nuclear
Bill Gates talks nuclear
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
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 ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
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sports

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 ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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