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Green Plans on Track, NDRC Says

An employee looks at energy-saving lights at a Suning appliance store in the Anzhen community in Beijing on Sunday. [Photo: China Daily] China is making concrete efforts toward a low-carbon economy by curbing overcapacity and boosting strategic emerging industries, a senior ...

Court action threat for Carrefour Foshan

Closed check-out lines at the Carrefour store in Foshan, Guangdong. Most shop owners in the store were unhappy at it closing during the New Year's Day holiday. [Photo / China Daily] FOSHAN, Guangdong - Vendors at a Carrefour store that closed last week said they would talk with ...

Oriental Land refutes Shanghai park stories

A worker harvests vegetables at a farm located at the site of a future Disneyland theme park in Pudong, Shanghai. Infrastructure work on the attraction is set to begin this year. [Photo / Bloomberg] Leisure and tourism company says media reports "are not true" SHANGHAI - Oriental ...

Boost to Chinese presence in Qatar

BEIJING - The Qatar Financial Center Authority (QFCA) is in talks with a dozen Chinese financial institutions including State-owned banks to facilitate the expansion of Chinese companies in the Middle Eastern country, the authority's top executive said on Wednesday. "We are ...

Xinjiang to boost infrastructure

Region plans huge investment in aviation systems, railways, roads URUMQI - Xinjiang, a key area for trade with Russia and neighboring Central Asian countries, will invest greatly in infrastructure systems to improve the opening up of the region, said a senior regional official. ...

Envoy: Chinese firms can do more in Myanmar

Thein Lwin, Myanmar ambassador to China BEIJING - Chinese investors can do more in Myanmar to match their country's economic clout, Myanmar's top envoy in Beijing has said. "China can do more for economic cooperation and infrastructure development (in Myanmar)," Ambassador Thein ...

Powering sustainable growth

Country faces energy challenges in switch to low-carbon economy BEIJING: China has made significant efforts to pursue energy and resource efficiencies to achieve sustainable development, while the nation still faces challenges in the transition to a low-carbon economy and needs ...

Resource tax revamp soon

An employee checking meter readings at an oil well in the Xinjiang Uygur autonomous region. [Zhou Jianling / for China Daily] Trials planned in Xinjiang, other regions before national roll out BEIJING - China is planning to alter the taxation structure on the profits that ...

SASAC chief has work cut out

Li Rongrong Wang Yong BEIJING - Li Rongrong, who stepped down as head of China's State-owned assets watchdog earlier this week, has already received plaudits for being a major instigator of reform. But his unfinished work of restructuring the country's State-owned enterprises ...

PetroChina FY net profit declines 9.7%

Maintenance workers at a PetroChina facility near Daqing, Heilongjiang province. The oil and gas company produced 840 million barrels of crude oil last year.[Agencies] BEIJING - PetroChina Co, the country's largest oil and gas producer, said on Thursday its net profit for 2009 ...

Weekly Data (March 27 - April 2)

$1.8 billion Geely buys Volvo for $1.8 billion Zhejiang Geely Holding Group, China's No 10 automaker, sealed a deal on March 28 to buy ailing Swedish luxury car brand Volvo from US giant Ford for $1.8 billion. The deal is China's biggest overseas auto purchase, said analysts. ...

Clean energy sources powering ahead

The Fangjiashan expansion project of the Qinshan Nuclear Power Project in East China's Zhejiang province is now under construction. It is designed to increase the generating capacity of the project from the current 300,000 kilowatts to 1 million kilowatts. [Wang Chaoying / China ...

Sowing the seeds for a truly green revolution

Workers at a biofuel power plant. [CFP] Poisonous shrub can help to produce biodiesel for cars with residue used as biomass to power electricity plants Farmer Li Guangrong was overjoyed last year when he received a red envelope filled with 3,000 yuan ($439) in cash. The 59-year...

China's wind energy industry sees challenges

Number of producers has increased from six in 2004 to more than 70 today Businessman Xu Zhichun's plans were thrown up in the air when demand for the wind turbine blades his company made suddenly crashed. The vice-general manager of Tianjin Dongqi Wind Turbine Blade Engineering ...

Powering sustainable growth

Country faces energy challenges in switch to low-carbon economy BEIJING: China has made significant efforts to pursue energy and resource efficiencies to achieve sustainable development, while the nation still faces challenges in the transition to a low-carbon economy and needs ...

Finding a Gap in the market

Customers walk past the GAP store in Beijing APM, Dec 5, 2010. [Photo / Asianewsphoto] Apparel retailer uses online presence to promote its wares, services BEIJING - It's a common scene in Gap Inc stores for shoppers to point at pictures they are carrying and tell assistants: "I ...

Retailers, suppliers face off

The increased price of Master Kong instant noodles made by Ting Hsin International Group has resulted in tensions between the popular instant noodle maker and supermarket giant Carrefour. [Photo / China Daily] Supermarket in dispute with noodle maker over price hike SHANGHAI - ...

Airlines seek to show travelers the high life

Qatar Airways Ltd company brochure on display. Qatar Airways introduced fully flat beds in business-class cabins in 2008 and now all new Boeing aircraft in the Qatar Airways fleet have them. [Photo / Bloomberg] BEIJING - A comfortable bathroom, the latest Hollywood movies or a ...

Maersk puts more focus on imports

A worker watches as a Maersk Line container ship docks at the North Port Pier in Port Klang, Malaysia. [Photo /Bloomberg] Container carrier to strengthen regional base to secure trade flows BEIJING - Maersk Line, one of the world's largest container carriers by volume and market ...

Trinity buys struggling Italian fashion house

Li & Fung Group's Trinity is moving up the value chain by becoming the full owner of Cerruti, which makes a significant proportion of its sales on the Chinese mainland, the world's fastest-growing luxury market. [Photo / Bloomberg] PARIS - Li & Fung Group's Trinity has bought ...
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