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Datang Telecom planning PE fund

An employee using a radio tag scanner to find information about a toy sheep at an IT exhibition in Beijing. [NAN SHAN / FOR CHINA DAILY] BEIJING - Telecom equipment maker Datang Telecom on Wednesday said it plans to set up a 5 billion yuan ($732.18 million) private equity (PE) ...

Wuhan Iron & Steel snaps up Venezuelan ore

Deal paves the way for 'China price' separate from rate set by big three BEIJING - Wuhan Iron & Steel Group, China's third-biggest steelmaker, will buy iron ore from Venezuela at a long-term contract price this year, paving the way for a "China Price" separate from what the big ...

US labor group offers helping hand to Foxconn workers

GUANGZHOU - A San Francisco-based labor council wants to help its counterparts in Guangdong province press IT giant Apple for more profits to its scandal-hit Chinese manufacturer, to improve the treatment of Chinese workers, a senior trade union officer has said. Apple Inc is a ...

Sinopec reports 16.74% rise in refining in H1

A Sinopec logo is displayed at one of its gas stations in Hong Kong March 26, 2010. [Agencies] BEIJING - China Petroleum and Chemical Corp (Sinopec), the nation's largest oil refiner, said Tuesday that it processed 101.45 million tons of crude oil in the first half of 2010, up 16...

Apple fiscal 3Q net income jumps 78%

The Apple logo shines inside of an Apple Store in New York July 19, 2010. [Agencies] SEATTLE - Apple Inc blew past expectations with its latest quarterly report on Tuesday, selling almost as many of its new iPad tablets as it sold Mac computers. Apple also gave higher revenue ...

Google's Q2 earnings rise 24%, but miss target

Two office workers walk out of Google's head office in Beijing July 9, 2010. [Agencies] SAN FRANCISCO - Google Inc's second-quarter earnings missed analysts' target as higher expenses and the fallout from the European debt crisis dragged down the Internet search leader. The ...

Toner cartridge conflict heats up

Generic printer cartridges are at the center of an overseas patent dispute. [Duo Duo / China Daily] Canon asks for much-feared USITC Section 337 action against China firm Canon, one of the world's largest maker of office equipment, initiated a US International Trade Commission ...

Google pulls plug on 2 sites

Google China's headquarters in Zhongguancun, Beijing. [Nelson Ching / Bloomberg] BEIJING - Google Inc said on Tuesday it will shut down two unpopular Chinese online services and end technical support for a Chinese-language forum website. The online giant made the announcement in ...

Ericsson wins China Mobile services deal

A bus passes a China Mobile shop in Hong Kong March 18,2010. [Agencies] STOCKHOLM - Mobile telecom gear marker Ericsson has won its largest-ever managed services deal in China, a three-year contract with China Mobile to maintain 22,000 base stations in Hebei province. Ericsson, ...

Little impact on Dalian shares

The pipeline explosion occurs in Xingang area of the Dalian Port. [Li Qiang / China Daily] Fallout on port operator expected to be limited after oil spill incident BEIJING - Dalian Port (PDA) Co, China's largest crude-oil terminal operator, witnessed its sharpest share price drop ...

Forklift industry to move into high gear

A worker from a factory in Haikou, Hainan province, stacks stock with a forklift. [Zhang Mao / China Daily] BEIJING - Forklift sales in China more than doubled in the first half of the year and are poised for further growth in the full year, industry experts said on Monday. China ...

Power generators report increased demand; coal costs dent profits

Workers set up power transmission cables in Gansu province. [Zhang Tieliang / China Daily] BEIJING - Even though China's electrical generation capability continues to grow, power generators are unlikely to maintain that growth this year as high coal prices are eating away at ...

Bright Food inks NZ deal

Models show off clothes made of recycled materials from Shanghai Bright Dairy & Food Co Ltd products. [Yang Yi / China Daily] Beijing - Shanghai-based Bright Dairy & Food Co has agreed to pay $58 million for a 51 percent controlling stake in New Zealand's Synlait Milk Ltd, its ...

Scandal-hit Foxconn sets sights inland

Chen Gang, who works for Foxconn's Communication and Network Solution Business Group, is reluctant to leave Shenzhen and says he will weigh his options if his division is relocated. [Zou Zhongpin / China Daily] Central cities battle it out to lure electronics giant. Li Yuefeng in ...

China's Bright Dairy invests in NZ's Synlait

WELLINGTON - China's Bright Dairy & Food Co is investing $58 million in New Zealand milk producer Synlait, which will use the money to lift exports of milk powder and infant formula to China. Bright Dairy, majority owned by Bright Food Group, will take a 51 percent stake in the ...

West rushes to adopt Chinese-style furniture

The dining area of the Bamboo House, part of the Commune by the Great Wall-Kempinski property near Beijing. The popularity of Chinese cultural elements in furnishing design in Western countries has grown in part thanks to the release of Chinese film blockbusters and also because ...

Manufacturing in China 'has a future'

Alexander van Kemenade, an analyst with the China Regional Forecasting Service for the Economist Intelligence Unit, said that speculation of a mass exodus of manufacturers to cheaper locations such as Vietnam and Bangladesh was alarmist. [Zhang Wei / China Daily] No dramatic mass ...

China, the big draw for IMAX

Avatar has helped many theaters earn a lot money because of the IMAX format. [Chi Tu / for China Daily] Canadian film company plans to expand with more giant-screen theaters BEIJING - IMAX Corp, the Canadian motion-picture film format company, is gearing up to expand in China ...

Cold chain opportunities galore for US companies

Imported fruit displayed at a supermarket in Beijing. China imports many agricultural products, like fruit, from the US. [Shao Xian / For China Daily] BEIJING - The shifting market dynamics of the food industry in China offer immense opportunities for American companies to boost ...

Media speculates over report Philips may sell unit to TPV

Philips LCD TVs at a local store in Shantou, Guangdong province. [Zheng Wenjia / For China Daily] BEIJING - Local media is speculating that Dutch electronics giant Royal Philips Electronics is mulling whether to sell its LCD TV business in the Chinese market to Hong Kong-listed ...
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China offers inspirations to global dilemmas
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China slams Japan's NHK governor's denial of Nanjing massacre
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market

China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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GM China chairman to retire
GM China chairman to retire
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industry

Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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Chinese leader calls for more marine power
Chinese leader calls for more marine power
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sports

Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
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 ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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