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Argentina rounds up soybean oil talks

Two teams of Argentine government officials are still in talks with their Chinese counterparts in Beijing regarding soybean trade disputes between the two countries, the Argentine Embassy told the Global Times Tuesday. "Officials from Argentina's Foreign Ministry and the Ministry ...

Expedia to inject $50m in local travel market by next year

Expedia, the largest online travel agency in the US, will try for a share of China's booming travel market by investing at least $50 million in the country by next year, the company's CEO said at a press conference Wednesday in Beijing. "In the next two to three years, Expedia ...

Midea recalls its so-called purple clay cookers

China's home appliance giant Midea will allow consumers to return a kind of electric cooker produced by the company, in response to a China Central Television (CCTV) broadcast on Monday that revealed the cookers were made of ordinary clay instead of the purple clay described in ...

Hong Kong, Bordeaux sign wine pact

Hong Kong and the Southwestern French region of Bordeaux on Tuesday signed a supplemental memorandum of understanding on cooperation in wine-related businesses, adding new elements to their 2008 deal. Permanent Secretary for Commerce and Economic Development of the HKSAR ...

Online payment in China rises

China's online payment value nearly doubled from a year ago with increasing number of users shopping online, a latest research report from an Internet consultancy showed. The online payment market totaled US$212.1 billion yuan (US$31.1 billion) in the first quarter, a 93.5 ...

China's overseas purchase market steams ahead

Hao Liang gave a loud whistle and a V-sign as he passed China Customs officials at Beijing International Airport without being asked to open his two suitcases. The 30-year-old's heavy bags contained milk powder, cosmetics and Apple iPads purchased in the United States. "I could ...

Gome sues former chairman Huang Guangyu

Hong Kong-listed Chinese electronics retailer Gome Electrical Appliances said it filed a writ of summons against former chairman Huang Guangyu at HK's High Court on Thursday for Huang's alleged breach of fiduciary duties in early 2008 as a former board director. In a filing to ...

Philippine commercial giant to open new mall in China

SM Prime Holdings Inc., Philippines' largest shopping mall operator, set to open its fourth SM mall on the Chinese mainland, which will be located in the city of Suzhou, the company said Wednesday. SM Prime Holdings currently operates three SM Malls in Xiamen and Jinjiang in ...

Parking Cost Soars in Shanghai

Shanghai has for the first time been ranked in the global top 50 most expensive monthly parking rates, an industry survey showed Monday. By June, the monthly parking cost in Shanghai stood at US$278.73, taking 38th position worldwide, international property services provider ...

China Post makes foray into online shopping

State-owned China Post is building an online shopping website with a Chinese portal. Ule, the site China Post co-founded with tom.com, is to be launched August 10. Ule has been on a test run for about one year, according to a tom.com marketing staffer named Jiang Feng. But most ...

Suning sees chance to grow

Suning Appliance Co plans to grow its computer, communications and consumer electronics business to 35 billion yuan (US$5.14 billion) in the next three years to tap the booming Chinese market. Personal computers and other consumer electronics products will be its core business, ...

Hotel star ranking system under increased scrutiny

The country is planning to accelerate a mechanism with which to strip poorly run hotels of their star rankings in order to protect the image of all the 15,000 star-rated hotels across the country, a top tourism official said on Monday. Anonymous customers' opinions will be ...

Shanghai SOEs may face shake up

Two listed retailers under the Bailian Group Co suspended trading on Monday due to corporate restructuring, which may be a sign of things to come in Shanghai as State-owned enterprises look to improve efficiency and eliminate overlaps in redundant business units. Shanghai Bailian ...

Shampoo products taking a bath with Bawang scare

Beijing's consumers are still in a lather about herbal Bawang shampoo products, despite the fact that China's food and drug watchdog has declared the Guangdong-based company that makes them compliant with quality and safety requirements. Bawang International Group's products were ...

Japanese muscle in on China's spa industry

Enchanting music emanates from an ancient Chinese zither. Flower- and herb-scented vapors wreath among wooden bathtubs featuring dragon and phoenix carvings. It brings to mind the indulgence of Yang Guifei, one of the four ancient Chinese beauties and a concubine during the Tang ...

'Made in China' - but for how long?

How long will companies be able to afford to manufacture in China? That such a question can be asked would have seemed absurd until very recently. For the past decade and more, China has been the manufacturing workshop of the world. Last year, according to IHS Global Insight, the ...

Carrefour joins hands with Chinese company

French retail giant Carrefour and a Chinese retail firm has established a joint-venture in Hebei Province in an effort to further explore the north China market. Carrefour and Hebei-based Baolongcang (BLC) Commercial Chain Co. Ltd. respectively holds 51 percent and 49 percent of ...

Online shoe-seller sues Google

A local court in the city will hear a case on Thursday in which an online shoe-seller is suing Google for damaging its reputation. Beijing Letao Culture Development Co Ltd, which runs letao.com, accuses Google of unfair competition and violating advertisement laws, through ads on ...

Carrefour closes store following 15 years of expansion in China

The world's second-largest retailer,Carrefour Group, will close its only store in northwest China's Shaanxi Province on July 28, the first closure of a Carrefour store following 15 years of continuous expansion in China since 1995. Carrefour China spokesman Chen Bo said the move ...

Chinese investment changes face of downtown Harare

Downtown Harare has assumed a new image characterized by clean, spruced up buildings that now house mostly small to medium Chinese retail firms. Most commercial buildings s in downtown Harare had become an eyesore in recent years as landlords struggled to maintain them due to the ...
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Latest World News

china

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 ...
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 ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

market

finance

Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...

company

industry

Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

trade

sports

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 ...
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 ...
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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