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ZTE looking to narrow sales gap with Huawei

A worker sweeps up in front of a ZTE Corp advertisement for smartphones and tablets outside one of the company's media events in Beijing in April. ZTE's flagship mobile phone, the ZTE Blade, achieved unexpected success in Europe last year, with more than 1 million sold on the ...

Bayer breaks ground for Qingdao plant

A Bayer Group logo in Shanghai. The group plans to build five downstream facilities in China, an investment worth a total of 110 million euros ($155 million). [Photo / Provided to China Daily] QINGDAO, Shandong - Bayer AG broke ground for a new polyurethane plant in Qingdao on ...

CICC to buy 35% of Zheshang

The investment bank may become first domestic securities firm to take control of a trust, says source BEIJING - China International Capital Corp (CICC), the nation's top-ranked investment bank last year, is set to become the first domestic securities firm to take control of a ...

Yanzhou Coal targets $1.1 billion in initial sale

The state-of-the-art information control center of Yanzhou Coal Mining Co. The company may raise more than $1.1 billion in an IPO for its Australian unit. [Photo / China Daily] SYDNEY - Yanzhou Coal Mining Co, China's fourth-largest producer, may raise more than A$1 billion ($1.1 ...

Michelin drives up investment in China

A tire factory in Jining, Shandong province. China's automobile industry has boomed in the past two years, making the country the largest vehicle market in the world with 18 million units total sales last year. The country has also been on the radar of multinational tire ...

Gamesa benefits from China's wind policy

The Chinese government is asking for larger wind turbines, as locations with superior wind resource have already been taken, leaving the areas where wind power generation requires larger and stronger wind turbines. [Photo / Bloomberg] MADRID - About 350 kilometers from Madrid, ...

China builds mega deep-sea oil rig

The oil rig, named CNOOC981, is launched Monday in Shanghai. China has inaugurated its most advanced deep-sea oil platform capable of operating at up to 3,000 meters under the surface of the ocean. This move boosts the country's offshore tapping capabilities and enhances its ...

iPad factory blast may hit sales

Doctors and nurses receive workers injured in an explosion Friday night at the Foxconn factory in Chengdu where iPad 2s are assembled. Two employees died and 16 were injured. [Photo / Provided to China Daily] Latest incident again puts company's image under a harsh spotlight, ...

Radical reforms at China Eastern

Airport personnel load a China Eastern Airlines Co Ltd passenger airplane at Beijing International Airport. [Photo / Agencies] Radical reforms at China Eastern help it to turn around its business SHANGHAI - When he entered the room, Liu Shaoyong, general manager of China Eastern ...

Ministry of Mines vying for strategic partners

Ready to go: Zambia's mining sector has been kickstarted with a round of oil and gas licenses issued in July. [China Daily] Country thirsty for investment to help it bring a wealth of untapped minerals to the surface Editor's note: Underpinned by copper, cobalt and manganese, ...

Sports shoe firms look for foothold in Taiwan market

A client takes pictures of a sports shoe at an expo in Jinjiang city, Fujian province. Shoe manufacturers in the province are attempting to break into the market in Taiwan. [Photo / China Daily] QUANZHOU - Shoe manufacturers in Quanzhou city, Fujian province are speeding up their ...

Canon eyes growing market

Passengers wait for a tram in front of an advertisement for Canon Inc in Hong Kong. The company expects China to overtake Japan and become its third-largest market by 2015. [Photo / Agencies] The Japanese electronics giant expects to see growth rate of at least 25 percent ...

Facebook plans to keep in touch

Facebook CEO Mark Zuckerberg speaks at the company's headquarters in Palo Alto, California. Zuckerberg is said to be planning a second visit to China to examine ways of expanding the social-networking site in the country. [Photo / China Daily] The world's most popular SNS is ...

MDT operations in China set to be turbocharged

SHANGHAI - MAN Diesel & Turbo SE (MDT), a subsidiary of the Germany-based MAN Group, formally opened the second phase of its production plant in Changzhou, Jiangsu province, on Wednesday to support expansion in China. The new development will see the production area double to 20...

Sandvik still sees opportunities in nuclear power

A worker for Sandvik AB's mining and construction unit in Jiading, Zhejiang province. Since 2009, the Swedish industry group has provided parts to Shanghai Electric Nuclear Equipment Co Ltd and Harbin Electric Nuclear Equipment Co Ltd. [Photo/China Daily] High energy demand will ...

XCMG to buy stakes in two European firms

Products made by Xuzhou Construction Machinery Group on display at a machinery exhibition in Shanghai. The construction machinery industry in China has experienced a 30 percent expansion in annual sales during the past few years. [Photo/China Daily] BEIJING - Xuzhou Construction ...

China Unicom's Latest Strategy

China Unicom, the only telecommunications operator in China that offers the Apple Inc iPhone, has been aggressively attempting to lure in more 3G users. [Photo: China Daily] China United Network Communications Group Co Ltd (China Unicom) has for the first time introduced two ...

Bayer unit to invest more in China

Bayer AG said it will invest in Chongqing as one of its five downstream businesses worth 110 million euros ($156.5 million). [Photo / Agencies] SHANGHAI - Bayer MaterialScience AG, an arm of the German pharmaceutical and chemical producer Bayer AG, outlined plans to invest more ...

TCL to delay Taiwan IPO

Customers selecting TCL Televisions at a store in Beijing. A source says TCL Communication Technology Holdings is likely to postpone its Taiwan listing plan and may also reduce the size of any subsequent offer. [Photo/ China Daily] A company source says the handset maker will ...

New Continental plant to enhance Asian growth

An employee inspects tires at the Continental AG factory in Aachen, Germany. The tire giant invested more than 185 million euros in the Hefei plant in China, which will have an initial annual production capacity of 4 million units. [Photo / Agencies] HEFEI - Continental AG, the ...
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