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Panasonic staff continues protest

Workers gather outside the Panasonic factory building in Beijing yesterday. [China Daily] More than 200 employees blocked the gate of a factory belonging to Panasonic Corporation of China for the fourth day yesterday in a desperate attempt to secure a better severance deal. ...

DDS workers demanding back pay from govt

Authorities in Shenzhen, Guangdong province, yesterday began paying workers whose wages have been defaulted by a local express delivery company due to its sudden closure. But thousands of workers in the company's branches in other cities in the province, including Guangzhou, ...

XAIC extends contract with Boeing

A Boeing 737 aircraft parked at Jinan Yaoqiang International Airport. The deal will help XAIC in its efforts to become a strategic partner for Boeing. [China Daily] Xi'an Aircraft International Corporation (XAIC) yesterday delivered the 1,500th vertical fin for Boeing's best...

BOC may float shares in Hong Kong

Li Lihui, president of Bank of China. Bank of China (BOC) is planning to raise additional capital by selling new shares in Hong Kong after its 40 billion yuan ($5.9 billion) convertible bond sale on the mainland, analysts said yesterday. The nation's third largest lender by ...

Google case 'will not derail ties'

Chinese analysts yesterday tried to downplay suggestions in Western media that the Google case could lead to increased tension between Beijing and Washington, saying that bilateral ties are strong enough to withstand any disagreement. It is "just a commercial dispute" that ...

Comac expects 100 C919 orders

A visitor looks at the C919 aircraft mockup at the Singapore Airshow.[Xinhua] SINGAPORE: Commercial Aircraft Corp of China (Comac), maker of the nation's first narrow-body passenger plane, the C919, aims to win around 100 orders for the aircraft by the year-end as it challenges ...

Yulong's niche in competitive smartphone market

Li Wang In China's mobile phone industry where domestic and foreign firms share the market, Yulong Computer Telecommunications Scientific Co and its founder Guo Deying seem a little out of kilter. The company is a domestic firm, but its handsets are sold at about same price as ...

Clients, staff protest as DDS goes bust

Angry clients and staff gather outside the Shenzhen office of DDS on Saturday to demand their money. [China Daily] The chairman of DDS, a failed courier firm in Shenzhen, Guangdong province, has been detained after hundreds of former clients and employees blocked traffic in a ...

Many rebounding companies having tough time finding workers

Migrant workers queue in Guangzhou railway station, Guangdong province, on Wednesday. Many workers choose to go back home earlier to avoid the traffic peak of the Spring Festival. [China Daily] Zhou Taocan's garment company had few customers during the first half of last year. ...

Cruise sector hits high water mark with surging volumes

China will today start work on the compilation of an industry standard for its cruise sector and a unified national tourism service standard for its international cruise ports, said an industry official yesterday. The study on the standard, initiated by the China National Tourism ...

TSK&F invests in R&D to boost bottom line

TSK&F, a major pharmaceutical company, yesterday forecast its sales of over-the-counter medicines in China will post "explosive" growth in the next decade, as it introduces more drugs tailored to the local market. Danny Ng "The growth rate will be double the market average by at ...

ArvinMeritor boosts spending

Xugong products displayed at a recent machinery expo in Beijing. Xugong and its partner ArvinMeritor plan to invest $10 million more to expand their joint venture. [China Daily] US automobile parts maker ArvinMeritor has said that it would channel the bulk of its investments to ...

CNNC buying Canadian miner Khan Resources for $52.9m

Workers take part in the expansion of CNNC's Qinshan nuclear power station in Zhejiang province. Chinese firms are accelerating overseas development of uranium resources. [China Daily] CNNC Overseas Uranium Holding Ltd (CNNC) is buying Canadian mineral exploration firm Khan ...

Yuguang plans new smelting lines, capacity expansion

Lead producer Henan Yuguang Gold & Lead Co Ltd (Yuguang), is expanding its output and launching two new smelting lines in China this year to capitalize on the global price rally for the metal. Yang Anguo, chairman of Yuguang, told China Daily that the company would grow lead ...

Sinosteel launches sustainability report

The simultaneous launch of Sinosteel's Corporation Sustainability Australia Report in Beijing and Perth marks a major first for a Chinese enterprise involved in business activities in a developed country. [China Daily] Sinosteel, China's largest State-owned steel trader, launched ...

Complant to build potash plant in Congo

China National Complete Plant Import & Export Corp Ltd (Complant) and Canadian miner MagIndustries Corp have agreed to jointly build a potash fertilizer plant in the Republic of Congo, which may ease Chinese demand for the product. China is the world largest potash fertilizer ...

Traditional medicines take on Western competitors

Challenging the west: herbally-sourced items on the production line of Yunnan Baiyao. Yunnan Baiyao, a legendary Chinese herbal medicine famed for its seemingly magical ability to help wounds heal, is no longer a purely classic Chinese medicine. Now the iconic herbal brand, ...

Top bidder stripped of villa land contract in Beijing

The Beijing municipal government has torn up a commercial residential land contract that set the record last year as the most expensive residential land in Beijing. Beijing municipal bureau of land and resources announced the news on its website yesterday. According to the ...

High-end liquor firms get busy

Labeling bottles of an expensive Chinese spirit. Business has begun to boom in the sector. [China Daily] Consumption surges to unexpected levels as Spring Festival nears China's high-end liquor producers are back with a bang after being hammered for more than a year by the ...

Chocolate firm Godiva eyes sweet prospects in Shanghai

A woman looks at chocolates at a recent expo in Shanghai. [China Daily] Shanghai's love affair with fine chocolates is a boon to foreign makers of the sweet stuff, and Belgian luxury chocolatier Godiva is well aware of this. Following its entry into China with the opening of a ...
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