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Huawei hires ex US official as adviser

John Bellinger Chinese telecommunications equipment maker Huawei is reported to have hired an ex official from the Bush administration as its adviser, in a bid to make inroads into the US market. John Bellinger, the adviser in question, worked as chief attorney at the State ...

Goldwind may raise $1.2b in HK IPO

A worker assembles wind turbines at Goldwind Science & Technology Co Ltd in Urumqi, Xinjiang Uygur autonomous region. Goldwind will spend about 15 percent of the proceeds of the IPO in design and development. [Qilai Shen/Bloomberg News] Wind-turbine maker to invest proceeds in ...

Lenovo's parent eyes HK list

Liu Chuanzhi, chairman of Legend Holdings. [File photo / Xinhua] Legend Holdings, parent of the world's No 4 PC maker Lenovo Group, plans to seek a Hong Kong listing in the next five to seven years, the South China Morning Post reported today, citing chairman Liu Chuanzhi. Legend...

Putting sustainability at the heart of business

Faruk Arig, president of Henkel China, said sustainable development, a distinctive feature of Henkel, was a crucial aspect of the company's work. Provided for China Daily Henkel, a German adhesives, cosmetics and detergents company, is focusing on business innovation and an ...

Beverage business economizes on water

Lin Menuhin, CSR director of Diageo Asia-Pacific, said Diageo employee volunteers have visited Sichuan to help with the post-earthquake reconstruction. They will go to Gansu in July. Provided to China Daily Drinks company Diageo puts the preservation of H2O at the top of its ...

20% raise for Foxconn workers

A member of a labor group places a lily on the street to mourn the deaths of Foxconn employees, who have committed suicide this year, during a protest outside Hong Hai Precision Industry, the parent company of Foxconn, in Taipei, on Friday. [Chiang Ying-ying / AP] Parent company ...

Big brewers fermenting deals in Southwest

A variety of brews are on display at a supermarket in Chengdu, Sichuan province. The average beer consumption per person in southwestern China is 29 kilograms annually. [Cui Hao / for China Daily] CHENGDU - The nights are certainly getting longer and louder in Jinli. No, it is ...

Lenovo to zero in on emerging markets

BEIJING - Chinese computer maker Lenovo Group Ltd said it will aggressively expand in emerging markets while holding the lead position in its home market this year. Yang Yuanqing, chief executive of the world's fourth-largest PC maker, said that the company will further cash in ...

Soft drink maker Wahaha to sell milk powder

Zong Qinghou, Chairman of the board of Wahaha Group Co Ltd. [File photo / Asianewsphoto] Hangzhou Wahaha Group Co Ltd (Wahaha Group) will extend to the infant formula milk powder field this year, Zong Qinghou, group chairman told Xinhua on Wednesday. A high-end infant formula, ...

Etihad Airways ups Beijing to Abu Dhabi flights

Jame Hogan, chief executive officer of Etihad Airways. [China Daily] BEIJING - Etihad Airways, the flag carrier of the United Arab Emirates (UAE), plans to expand its Abu Dhabi to Beijing service to seven days a week this year and begin non-stop flights to Shanghai in 2011 or ...

Dynasty eyes vineyards in New World regions

Customers choosing wines at a supermarket in Zhengzhou, Henan province. Wine consumption in China is expected to reach 900 million liters by 2013 compared with 675 million liters in 2008. [Sha Lang / for China Daily] HONG KONG - Dynasty Fine Wines Group Ltd, part-owned by France...

Foot dragging slows Shanxi province steel consolidation

A worker stokes a steel furnace in a Shougang Group plant in Beijing. Shougang paid 500 million yuan for a 90 percent stake in Changzhi Iron & Steel in Shanxi province last year. [China Daily] Region is fragmented with over 200 steel mills, 18 of which produce less than 2m tons ...

Chinese tailwind may help Greeks weather storm

A welder works at a shipyard in Yichang city in Hubei province. [China Daily] Jingjiang, Jiangsu province: For George Procopiou, the founder and chairman of Greek tanker operator Dynacom Tankers Management Ltd, attracting foreign investment from countries including China could ...

Hubei chemical firm sues over trademark loss

Trademarks of "Horse and Lion"(left) and "Hong Shi Ma" (right) Hubei Xiangyun (Group) Chemical Co, a large-scale chemical enterprise located in Central China's Hubei province, recently filed a lawsuit in Beijing No 1 Intermediate Court against the Trademark Appeal Board of the ...

Google's China fate hangs in limbo

Google China's headquarters in Zhongguancun, Beijing. The company's market share in China fell to 30.9 percent in the first quarter of this year. [Bao Fan / for China Daily] Late application submission may delay ministry decision BEIJING - Google Inc's application to renew its ...

Google's music partner seeks more alliances

BEIJING - Google's music partner in China Orca Digital is planning to reduce its reliance on the search engine for future growth and may even rope in rivals of the US company as investors. At the same time Orca remains confident that Google will continue to operate in China and ...

Foxconn plans $5b Chengdu production base

Foxconn workers walk on a footbridge outside a Foxconn factory building in the township of Longhua, in southern Guangdong province June 2, 2010. [Agencies] Foxconn Technology Co plans to hire 100,000 people for its Chengdu production base, in which the original equipment ...

Richard Li seeking to cut $1b from Vivacom debt

Richard Li, the president and chief executive of Pacific Century Group, participates in the "A Conversation With Richard Li of Pacific Century Group: An Eastern Investor Turns West" panel at the 2010 Milken Institute Global Conference in Beverly Hills, California April 27, 2010. ...

Dunhuang solar PV plants to be finished in July

A staff with China Guangdong New Energy Development Company (CGNEDC), a subsidy of CGNPC, talks about how solar photovoltaic (PV) power works at their 10-megawatt solar PV power plant in Dunhuang of Northwest China s Gansu province, July 2, 2010. The plant will be fully ...

Central Huijin backs BOC's rights issue

Pedenstrians pass by a BOC outlet in Nanjing, Jiangsu province on Jan 13, 2010. [Asianewsphoto] Bank of China (BOC), the country's third largest lender, said Monday that Central Huijin Investment Ltd, an arm of China's sovereign wealth fund, would fully participate in its rights ...
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