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Bright Food nears to acquiring GNC

Bright Food Group Co is reportedly close to a deal to buy the US vitamin retailer, GNC Holdings Inc.[China Daily] Bright Food Group, Shanghai's biggest food and dairy company, is reportedly close to a deal to buy United States vitamin retailer GNC Holdings Inc for between US$2.5 ...

Verdict for Rio Tinto trial handed down

Four defendants in the Rio Tinto case, including Australian national Stern Hu, got jail terms from seven to 14 years for bribery and infringing upon commercial secrets. [CFP] Four defendants in the Rio Tinto case, including Australian national Stern Hu, got jail terms from seven ...

Steel product prices may fall in June

A worker at a steel processing plant in Huaibei, Anhui province. Average steel prices in China had peaked the most in April since August 2009, with Mysteel's composite steel price index rising by 15 percent over the previous month. [Wu He/China Daily] Steelmakers are expected to ...

Jidong, CAD Fund team up for cement plant in South Africa

Cement producer Jidong Development Group and the China-Africa Development (CAD) Fund will set up a more than $200 million cement plant in South Africa's Limpopo province, China's largest investment in the African country for two years. The two Chinese entities have set up a joint ...

Metal recycling may make steel makers less dependent

A worker cuts up scrap steel at a waste recycling factory in Nanjing, Jiangsu province. As a substitute for imported ore, recycled scrap metals currently accounts for 8 percent of total steel production in China. [China Daily] Chinese companies should bolster investments in the ...

Sany Heavy mulls Hong Kong IPO

Sany Heavy Industry Co Ltd garnered 16.5 billion yuan in revenue in 2009 with 1.96 billion yuan in net profit, up 20 percent and 59.3 percent respectively from a year earlier. Construction machinery maker Sany Heavy Industry Co Ltd said on Monday it would seek an initial public ...

Sinosteel to buy iron ore from Brockman

A worker cuts steel bars at a mill in Huaibei, Anhui province. [China Daily]Iron ore trader Sinosteel Corp has agreed to buy future production from Australian miner Brockman Resources Ltd to secure raw material supplies for Chinese steel mills. Sinosteel, China's largest iron ore ...

Michelin seeks gov't nod for capacity expansion

Tires ready for shipment at the Michelin plant in Clermont Ferrand, France. The price increases of raw materials such as rubber last year will push up costs for Michelin by around 700 million euros ($858 million) this year. [China Daily] French tire maker Michelin is awaiting ...

Timberland takes up forestry management

It may not surprise you that a company with a tree as its logo spends a lot of time in the forest. But it may surprise you just how involved it is and the level of commitment it has made. As concerns over the environment grow due to the effects of global warming, US-based ...

Foot dragging slows Shanxi steel consolidation

A worker stokes a steel furnace in a Shougang Group plant in Beijing. Shougang paid 500 million yuan for a 90 percent stake in Changzhi Iron & Steel in Shanxi province last year. [China Daily] Steel industry restructuring in Shanxi province may kick off this summer, with State...

Wuhan Steel gets green light for Africa ventures

A port worker sifting through unloaded iron ore imported from Australia at a port in Rizhao, Shandong province. [Chen Weifeng / for China Daily]China's third largest steelmaker Wuhan Iron and Steel Group on Monday received approval from the National Development and Reform ...

CETC International integrates operations

CETC party secretary Fan Youshan (Left 2) and CETC International's President Yan Lijin (Left 4) unveils the CETC Foreign Trade Integration Center in Beijing on July 9, 2010. [China.org.cn] CETC International, the export arm of China Electronics Technology Group Corporation (CETC ...

Appliance makers may hike export prices

Galanz microwave ovens on display at a home appliance market in Shantou, Guangdong province. Exporters of home appliances are likely to increase export prices to mitigate the impact of an appreciating yuan on their bottom line, analysts and industry sources said on Thursday. ...

Zoomlion eyes HK offering

A man walks past Zoomlion machines in Beijing. Zoomlion's board of directors has approved the plan to list shares in Hong Kong. [China Daily] Changsha Zoomlion Heavy Industry Science and Technology Development Co, the nation's third-largest machinery maker by market capitalizatio...

Food maker looks on the bright side

Bright Food will focus on overseas mergers and acquisitions in regions such as South America and New Zealand in the next few months. [China Daily] Shanghai-based Bright Food Group, China's largest food company, is still gung ho on exploring overseas acquisitions despite its ...

Coca-Cola loses fizz to expand healthy drinks range

Bottles of Glaceau Vitaminwater move down a conveyor belt at a bottling plant in Hillside, New Jersey. China is the 14th market globally in which Coca-Cola has launched the high-end vitamin water. [China Daily, agencies] Coca-Cola Co, the world's largest beverage maker, has ...

BWI builds industry base, aims at global market

Beijing West Industries Group (BWI) opened its business and customer base in Beijing's Fangshan District June 27, nearly seven months after it acquired Delphi Corporation, a US brake and suspension component business. Fang Jianyi, chairman and CEO of BWI, said acquiring Delphi ...

Rebate removal to be hard on steel mills

Workers oversee production at a Hualin Steel Co Ltd plant in Hunan province. Exports of Chinese steel products surged to 17.9 million tons in the first five months, up 127 percent from a year earlier. [China Daily] The Chinese steel industry may suffer losses in the third and ...

China to overtake US as largest manufacturer

The China-made clothes are sold at a Marshalls store in New York, the United States, March 18, 2010. The Americans may find that the appreciation of China's RMB will increase their living cost, as many goods they have been consuming are made in China. [Xinhua] China is set to ...

Chint Group to invest in Gansu solar power projects

Workers assemble solar cells at a Chint Group plant in Zhejiang province. [China Daily] Power equipment manufacturer Chint Group Corp said it will invest 22 billion yuan ($3.25 billion) to build two solar power projects in Gansu province to expand its portfolio in new energy ...
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Latest World News

world

Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
CHICAGO -- Chicago held a ceremony Friday at the landmark Daley Civic ...
UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
The first day of the peace conference in Montreux, was marked by ...
Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
Three people have reportedly been killed in Ukraine's capital Kiev ...

market

finance

Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
Financial reform in the China (Shanghai) Pilot Free Trade Zone will ...
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 ...
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 ...

company

industry

China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
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 steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...

trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
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 ...
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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