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China Eastern to begin seeking investors this year

China Eastern Airlines, one of China's three major carriers, hopes to start the work of introducing strategic investors within this year, China Business News reported Friday, citing the carrier's chairman, Liu Shaoyong. Liu told the newspaper that big-name airlines with ...

Cargo throughput rises but passenger numbers drop for China's large ports

Major indices of China's large ports mostly pointed to better performance in April with increasing cargo throughput and exports volume, the Ministry of Transport said Wednesday. According to latest figures posted on the ministry's website, China's large sea ports and river ports ...

China Shipping Container Lines Co. plunges into red in 2009

China Shipping Container Lines Co., China's biggest container shipping company by carrying capacity, swung into the red in 2009 with a loss of 6.49 billion yuan (950 million U.S. dollars) as the financial crisis took its toll. The loss compared to a net profit of 134.69 million ...

China, UAE sign MoU on railway cooperation

A delegation of the Chinese Ministry of Railways inked a memorandum of understanding (MoU) with the United Arab Emirates (UAE) Tuesday, with the aim of pushing forward cooperation in railway construction between the two countries. The document was signed by Chinese Minister of ...

Company expands with port investment

Shenzhen Chiwan Wharf Holding, a port unit of China Merchant's Group, have acquired a 40 percent stake in Laizhou port in Shandong province, reflecting its optimism due to the rebound of global trade this year after the financial recession. Shenzhen Chiwan, last week signed an ...

China Qinfa to buy 2 bulk carriers for $69m

China Qinfa Group, a leading non- State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay $69 million for construction of two 82,000-DWT bulk carriers. In a statement filed to the Hong Kong stock exchange, China Qinfa said two of its ...

World Bank lends US$250 million to improve roads in Ningxia

The World Bank's Board of Executive Directors approved on May 13 a loan of $250 million to China to help improve the road infrastructure in the Ningxia Hui Autonomous Region in support of more balanced social and economic development. Located in the western interior, Ningxia is ...

Aviation profit posts huge jump

A recovery in demand propelled China's aviation industry to record 9.39 billion yuan (US$1.37 billion) in net income in the first four months of this year - a huge improvement considering the profit for the whole of last year, the industry regulator has said. The industry's ...

Bombardier expects smaller aircraft sales to take flight

Civil aircraft maker Bombardier Inc on Tuesday said it expects bulk of the new orders for its new regional aircraft to come from China as demand for smaller passenger jets is fast growing in the nation. The Canadian company said its new 100- to 150-seat aircraft, the CSeries, ...

Boeing staff go on strike over medical benefits

Boeing employees in Long Beach near Los Angeles went on strike on Tuesday to press their demand for better medical benefits. The strike followed the overnight breakdown of negotiations, organizers said. "We're fed up," said Brian Sullivan, who has worked at the plant since 1985. ...

HK's cruise terminal sails to 2013 opening

The Kai Tak Cruise Terminal Building will be completed in 2013, a year ahead of the original schedule, Hong Kong's top financial official said at the signing ceremony of the building's design and build contract on Saturday. Financial Secretary John Tsang witnessed the signing of ...

Air China delays flights to Europe due to new volcano eruption

Air China, the nation's flag international carrier, announced here Saturday that it has delayed some of its European flights due to the new Icelandic volcano eruption that had spewed a huge ash cloud and again disrupted air traffic in the region. Flight CA907 from Beijing to San ...

Air China finds big saving

Air China, the country's flagship international carrier, said it will save an estimated 549 million yuan (US$80 million) annually after the carriers were exempted from paying a business tax on international and regional routes. It based its estimates on revenue from international ...

United, Continental airlines agree to merge

The parent company of United Airlines and the Houston-based Continental Airlines said on Monday that they have agreed to merge into the world's largest carrier in a deal worth about 3 billion dollars. The deal, valued at nearly US$3.2 billion, would create the world's largest ...

Deer Air renamed Capital Airlines, completes 1st flight

China's Deer Air Co. Ltd., a subsidiary of Hainan Airlines, has changed its name to Capital Airlines. The airline completed its first flight under its new name Monday, taking a special delegation to Shanghai from Beijing Capital International Airport. The Beijing-based Capital ...

COSCO Pacific net profit up 207% in Q1

COSCO Pacific Limited announced here Wednesday that its first quarter net profit was up 207 percent year-on-year to 133.247 million U.S. dollars. According to its financial and operational highlights, the first quarter net profit was mainly contributed by disposal of its equity ...

Air competition heats up in Sichuan

China Eastern, one of the leading air carriers in China, Tuesday confirmed to the Global Times that the company has opened a branch in Chengdu, capital of Southwest China's Sichuan Province, a move that promises to bring fierce competition to the region. China Eastern is the ...

Air China to introduce 96 new planes

Air China, the country's flagship international carrier, plans to introduce 96 new planes to its fleet by 2012 to meet rising air travel demand. The Beijing-based carrier will boost expenditures by 50 percent to 1.5 billion yuan (US$219.7 million) this year to receive 33 new ...

China Containers Q1 profit down 15.42%

China International Marine Containers (Group) Co., Ltd. said Monday its Jan-March profit went down 15.42 percent from a year earlier to 354 million yuan (51.83 million U.S. dollars). China Containers said Monday night in its quarterly report that the profit was mainly brought by ...

China Railway Group quintuples its profit in 2009

China Railway Group Ltd. said Monday its 2009 profit rocketed 517.6 percent from a year earlier to 6.89 billion yuan (1 billion U.S. dollars) on the global economic recovery. In its annual report filed Monday night to the Shanghai Stock Exchange, China Railway, the country's ...
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Latest World News

china

Xi Jinping to lead national security commission
Xi Jinping to lead national security commission
The Political Bureau of the CPC Central Committee has decided that ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

world

market

Xinhua Insight: Emerging economies able to secure steady growth
Xinhua Insight: Emerging economies able to secure steady growth
DAVOS, Switzerland, Jan. 25 (Xinhua) -- Emerging economies are ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

finance

company

Shell companies struggle to stay listed
Shell companies struggle to stay listed
China is planning to clamp down on back door listings. A back door ...
HK Disneyland Gets Toy Story Land
HK Disneyland Gets Toy Story Land
A general view of Toy Story Land at Hong Kong Disneyland is taken ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...

industry

sports

Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualified for the 2014 FIFA U-20 women's World Cup following a 4...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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 ...
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