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Cycle maker gets Buffett share bump

The chairman of Chongqing Zongshen Power Machinery Co Ltd, Zuo Zongshen, test rides one of the company's new motor cycles. Media reports said Warren Buffett has expressed an interest in the Shanghai-listed firm. [China Daily] Everything that Warren Buffett mentions an interest in ...

Deutsche Boerse courts local IPOs

Boasting the most attractive global location for small and medium-sized enterprises (SMEs) to go public, Deutsche Boerse AG is eying China to recruit more members. "We are expecting at least five Chinese companies to be listed this year," Wu Jianhong, chief representative officer ...

China Eastern expands fleet size

China Eastern aircraft at Beijing Capital International Airport. The firm will soon expand its international flights. [China Daily] China Eastern Airlines, the nation's third largest carrier, has agreed to buy 16 Airbus A330 planes, which analysts see as an ambitious move to ...

Spot light: with Temel Kotil

Turkish Airlines launched non-stop flights from Shanghai to Istanbul on July 1. It now has five flights a week running between the two cities. CEO Temel Kotil, who wants to promote greater access to his country and its mysteries, sat down with Shanghai Star Weekend reporter Chen ...

Spotlight is on Beijing PR firm

Blue Focus, first in its sector to go public, aims to stave off foreign competitors Blue Focus Communication Group LLC, a Beijing-based public relations company, got a promotional boost of its own when it was listed on the second board on Feb 27. That glow is also being cast on ...

Canon says China may become top camera market in 2015

Ad of the Canon 400D on the China (Beijing) International Photography Profession Fair in the photo taken on Jan 11,2008. [Asianewsphoto] Canon Inc expects China's camera market to become the world's largest as early as 2015, overtaking the US, its head of the business said. Canon...

Textiles suffer turbulent year

Beijing - Usually high-flying foreign trade in the textile and garment industry had a bumpy year in 2009 as exports fell 10.1 percent to $167 billion, according to the statistics from China Customs. Sun Huaibin, spokesman of the China National Textile and Apparel Council, blamed ...

Gezhouba profits abroad

The Gezhouba dam in Yichang, central China's Hubei province. LIU JUNFENG/FOR CHINA DAILY Beijing - China Gezhouba Group Co Ltd (CGGC), one of the largest engineering and construction companies involved in the Three Gorges Dam project, said overseas contracts are likely to take up ...

Xiangguang Copper may buy 15% stake in CuDeco

A worker displays a core sample of chalcopyrite, which shows traces of copper. Copper is in high demand for use in the power stations being built to alleviate China's energy shortage. [Bloomberg News] Deal to help Chinese company get raw material from Rocklands mine Xiangguang ...

Moutai moves to double output

Moutai products on display at a company outlet in Beijing.[CFP] China's leading liquor producer the Guizhou-based Kweichow Moutai reported an output of 23,000 tons of base liquor in 2009 thanks to its efforts to boost production, Lin Shusen, governor of Guizhou province, said ...

$1.4b expansion for joint Sinopec-BASF project

On the outskirts of Nanjing, capital of Jiangsu province, a joint project between China's largest refiner Sinopec and German chemical company BASF is undergoing a new round of expansion. A total of $1.4 billion has been budgeted for the expansion, making it the leading chemical ...

BP looks to a cleaner, greener energy future

Log on to the website of British energy giant BP and you will find an online calculator that can help you to count your energy use and carbon dioxide (CO2) emissions. "We use energy in our daily lives all the time, often without thinking about it. We hope one can better ...

Alstom looks to high-speed train maintenance contracts

French company wants to work on ensuring higher reliability and availability of rail cars While bidding to supply the world's fastest train to China, Alstom is looking at another gold mine in the country - high-speed train maintenance services. Kim Chan, China managing director ...

Shoppers go crazy for Carrefour's business

A row of Carrefour shopping trolleys at the entrance to a Beijing outlet of the French retailer. [XU YIN / CHINA FOTO PTESS] Retailer embarks on strategic expansion on the back of high sales It's 1 am one day during this year's Spring Festival and hundreds of consumers are on a ...

China Unicom exec says iPhone price cut possible

A China Unicom employee displays an iPhone in Shenyang, Liaoning province. WEN XUAN/ CHINA FOTO PRESS BEIJING - China Unicom has adopted a high-price strategy for iPhone since it introduced Apple's popular smartphone in China in October last year. But it seems that China's No 2 ...

Ningbo Port eyes Shanghai listing

A container ship is loaded at Ningbo Port. ZHANG HEPING/ FOR CHINA DAILY BEIJING - Ningbo Port Co Ltd is expected to list its stock in Shanghai at the end of the second quarter of this year, the company's chairman said on Friday. "We will list our shares at the end of the second ...

Sinosteel to buy iron ore from Brockman

A worker cuts steel bars at a mill in Huaibei, Anhui province. [CHINA DAILY] BEIJING - 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 ...

China Zhongwang's net profit increases 85% year-on-year

Demand for aluminum extrusion products has risen approximately 25 percent per year in China in the past nine years. Zhongwang's sales increased 84 percent to 370,833 tons in 2009. [China Foto Press] SHANGHAI - China Zhongwang Holdings Ltd, the largest aluminum extrusion products ...

Chinese firms boost African investment

Young women cross the street in downtown Cairo. Chinese companies are keen to invest in Egypt thanks to lower operating, energy and labor costs. [VICTORIA HAZOU / BLOOMBERG] CAIRO - Africa, which boasts a large volume of natural resources and powerful consumption market, is ...

Telecom company rings in Q1 profit

A man reads texts on his mobile phone outside of a China Mobile's store in Beijing. China Mobile now has more than 500 million users.[Bloomberg] HONG KONG - China Mobile Ltd, the world's biggest phone carrier by market value, said first-quarter profit rose 1.1 percent, missing ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

world

market

China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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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
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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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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