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US airlines eye huge pie in China

United Airlines employees wave to an aircraft as it prepares to take off from Dulles International Airport in Virginia on a non-stop flight to Beijing.[Bloomberg News] BEIJING - After hibernating for over one year due to the economic downturn, US airlines in China are rushing to ...

Aerospace firm wins C919 deal

A scale model of a C919 aircraft is on display at the recent China Chongqing High-tech Fair. The C919, China's first large commercial jetliner developed by COMAC, is expected to take flight in 2016. [China Daily] $1b long-term contract for aircraft's electric power generation ...

Molson Coors forms JV with Si'hai Beer

A worker pours granulated orange peel into a brew kettle for Blue Moon beer at the Molson Coors brewery in Colorado. Molson Coors Brewing Co is the biggest beer company based in North America. [Matthew Staver / Bloomberg news] New venture to expand brewer's distribution grid ...

Lawyers to address DRC impasse

A visitor passes Zijin Mining Group Co's booth at a recent exhibition in Beijing. Zijin and State-backed CAD Fund announced plans on May 7 to jointly acquire a 40 percent stake in Platimin Congo from Copperbelt for about $280 million. [Wu Changqing / for China Daily] African ...

Work on Tianjin crude reserve base starts

A security guard stands near oil tanks at Zhenhai National Oil Reserve Base in Ningbo, Zhejiang.[China daily] New Sinopec facility expected to bolster nation's energy security BEIJING - Oil refiner Sinopec has started work on a commercial crude reserve base with a capacity of 3.2 ...

Lenovo predicts smartphone sales will surpass 1m

BEIJING - Chinese computer maker Lenovo Group Ltd said on Tuesday that it expects to sell more than 1 million of its LePhone smartphones nationwide over the next 12 months, as the firm positions the device to take on Apple's iPhone. Yang Yuanqing, chief executive of the world's ...

Alcoa on the prowl for M&As in China

A worker takes the top off a mold at the Alcoa Howmet Industrial Gas Turbine and Structural Castings plant in Hampton, Virginia. At present, Alcoa has 26 smelters scattered around the world. [Agencies] BEIJING - Aluminum producer Alcoa Inc will enhance its position in China ...

Colorful means to battle red tide

La Mer Brand General Manager Eva SooHoo (right), Kong Hainan (left), professor of Shanghai Jiao Tong University, and guests of the company unveil this year's La Mer China ocean protection program in Beijing. [China Daily] Skin cream makers rebrand to show commitment to ocean ...

Brand new success for China's firms

Two people walk past a billboard advertising various brands including China Mobile, ICBC and the China Construction Bank. The three companies have recently been listed among the ranks of the Top 100 Most Valuable Global Brands 2010, according to the global market research and ...

Easy name sells well

Jonathan Chajet, the managing director of global brand consultancy Interbrand China, said Chinese brands often struggled in Western markets because consumers found their names 'tongue- twisters', lacking the easy resonance of established names such as Sony, Nokia, Apple and ...

Tian Yuan puts off its $450m Hong Kong IPO

HONG KONG - Chinese iron ore producer China Tian Yuan Mining Ltd postponed its $450 million Hong Kong initial public offering (IPO) on Friday, a day after Swire Pacific called off its planned $2.7 billion property IPO due to global market turmoil. Major stock markets around Asia ...

Baosteel uses temporary pricing to import ore

Big steelmaker studying impact of different costing mechanisms Beijing - Baosteel, China's largest steelmaker, also the chief negotiator of the country's iron ore talks, is importing iron ore from top global miners on a temporary price basis. Ma Guoqiang, general manager of ...

Ping An shares fail to shine

Green light for takeover of SDB does little to lift investor optimism BEIJING - Ping An Insurance (Group) Co's A- and H-shares both had a lackluster performance on Wednesday despite the insurer just getting the green light from regulators to go ahead with its plan to acquire ...

China Mobile platform puts digital publications at fingertips

BEIJING: China Mobile on Wednesday launched an online platform that enables its subscribers to read and download digital publications through cell phones and e-book readers, as part of its effort to profit from the country's emerging mobile reading market. Primary school students ...

Minmetals turns to Mauritania for ore supplies

BEIJING - China Minmetals Corporation, the nation's largest metals trader, is considering iron ore mining projects in the Western African nation of Mauritania to further diversify its raw material sources. Xu Siwei, vice-president of Minmetals, said on Thursday that the company ...

Omega poses threat to Rolex's Swiss watch hegemony

GENEVA: When it came to choosing a new watch, Ma Jun had no hesitation in selecting a $6,800 Omega Constellation over a Rolex. "Omega's designs are newer and trendier," said the 30-year-old businessman from Hangzhou, Zhejiang province. He bought the watch a month ago after seeing ...

ZPMC moves into rail, wind power

SHANGHAI: Shanghai Zhenhua Heavy Industry Co (ZPMC), the world's largest port equipment maker, is planning to expand into the nation's high-speed railway and wind power sectors, making them its new growth engines, company President Kang Xuezeng said on Friday. "Our next step is ...

Listed realtors to post rosy returns

Companies may report 60% growth in net profit for 2009 BEIJING: Listed property companies may on an average see a 60 percent increase in 2009 net profit and report even stronger numbers this year, industry analysts said on Thursday. According to Wind Info, a financial statistics ...

China Mobile to reduce capital spending

Wang Jianzhou, chairman and chief executive officer of China Mobile speaks at the company's 2009 annual results conference in Hong Kong on Thursday. EDMOND TANG / CHINA DAILY BEIJING - China Mobile, the world's largest mobile operator, said on Thursday that it plans to reduce ...

Teapot tempest brings 9.1m yuan judgment

A law book on judgements in intellectual property cases. Experts say the field in maturing and awards are increasing in value. LIU JUNFENG / CHINA DAILY Domestic companies were ordered to pay hefty compensation to UK electric kettle maker It proved to be more than a tempest in a ...
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