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Air China cuts agents' commission on overseas flights 2 percentage points

A security personnel walks past an Air China Boeing 737-300 plane at Hongqiao Airport in Shanghai on January 18, 2010. [Agencies] Air China Ltd reduced the commission paid to travel agents for sales on overseas flights by 2 percentage points to pare selling costs, but said it ...

McDonald's under watch by China's food administration

Customers queue up in a McDonald's in Yichang, Hubei province on May 3, 2010. [Asianewsphoto] China's State Food and Drug Administration is monitoring McDonald's China Co's McNuggets as the product contains the chemicals tertiary butylhydroquinone and dimethylpolysiloxane. The ...

KongZhong CFO replaces co-founder Yang on board

Jay Kenneth ChangChinese online and mobile game maker KongZhong Corp said Tuesday that Chief Financial Officer Jay Kenneth Chang will replace co-founder Nick Yang on its board of directors. Yang informed the board of his decision to resign from the board as vice chairman ...

China oks Baosteel's Zhanjiang steel mill

An employee works at a factory of Baosteel Group Corp., China's biggest steel maker in Shanghai July 6, 2010. [Agencies] Baosteel Group, the country's top steel maker, has obtained approval to build its high-grade carbon steel project in the southern province of Guangdong, a ...

Bright Food fails in bid for Sydney-based CSR

Bright Food will focus on overseas mergers and acquisitions in regions such as South America and New Zealand in the next few months. [Gao Yuwen / for China Daily] Bright Food beaten out by Wilmar International for sugar division BEIJING - Shanghai-based Bright Food Group, China's ...

Lenovo plans plants in inland to reduce costs

A deliveryman unloads Lenovo products at a computer market in Beijing. [Doug Kanter / Bloomberg] SHANGHAI - Chinese computer maker Lenovo Group said on Thursday that it is considering expanding its manufacturing capacity in western China in order to meet rebounding market demand ...

GE expects China market to outstrip US soon

John G. Rice, vice-chairman of GE BEIJING - A high-level executive of General Electric Co (GE) said on Thursday that the China market will outstrip the United States in the years ahead, and the company will expand its business in China through partnerships with State-owned ...

Shougang close to Tonghua buy

Shougang's booth at the China Beijing International High-Tech Expo on May 31. [China Daily] Deal to help company expand capacity by 2012 BEIJING: Steelmaker Shougang Group will take over Jilin-based Tonghua Iron & Steel Group this month to further expand capacity. The deal comes ...

BaWang shares dive on cancer claims

Jackie Chan serves as a representative for BaWang products, as seen in this store display. [Wu Changqing / for China Daily] BEIJING - Shares of Chinese herbal shampoo maker BaWang International Group Holding Ltd tumbled in Hong Kong on Wednesday following a local media report ...

Spring Airlines promo to slash ticket prices

A Spring Airlines' counter at an airport in Shanghai. The privately owned budget airline is scheduled to launch its first international flight to Japan on July 28. [Zhang Heping / for China Daily] SHANGHAI - Charting a course counter to rival carriers that have jacked up ticket ...

DHL plans cautious strides for China growth

LEIPZIG, Germany - DHL Express, the express arm of Deutsche Post DHL, will continue to expand in China, but in a careful and cautious way, according to Charlie Dobbie, executive vice-president for network operations. Dobbie told China Daily that DHL Express will continue to build ...

ICBC to buy 70% of AXA-Minmetals

A pedestrian walks past a branch of the Industrial & Commercial Bank of China (ICBC) in the financial district of Beijing March 25, 2010. [Agencies] Industrial and Commercial Bank of China aims to acquire a controlling stake in French insurer AXA's Chinese insurance unit, the ...

African Minerals firms up $1.5b investment deal with Shandong

Steel bars being unloaded for trading at a market in Nantong, Jiangsu province. [Xu Ruiping / for China Daily] BEIJING - Shandong Iron & Steel Group on Tuesday said it will pay $1.5 billion for a 25 percent stake in African Minerals' iron ore project in Sierra Leone to bolster ...

Nokia to be awarded online map license

Nokia holds a 3G demonstration in Wangfujing, Beijing. [China Daily] Finnish handset maker is first foreign firm to win govt approval BEIJING: Chinese authorities plan to give Nokia a license to provide online mapping services in China, making it the first foreign firm to get ...

Minmetals on a rare earth trail

Rare earth being loaded onto a ship for export at Lianyungang port in Jiangsu province. [Tian Sheng / for China Daily] Metals trader to invest 1b yuan in Jiangxi over next two years BEIJING - China Minmetals Corp is planning to invest 1 billion yuan ($148 million) for rare earth ...

Foxconn urges HK judge to throw out suit filed by BYD

Employees work inside a Foxconn factory in the township of Longhua in the southern Guangdong province. [Agencies] Foxconn International Holdings Ltd urged a Hong Kong judge to throw out a lawsuit filed by BYD Co, mainland's largest maker of rechargeable batteries, that accuses ...

China moves to consolidate steel industry

China plans to step up consolidation of its steel sector this year by closing small mills and improving production standards, the Ministry of Industry and Information Technology said on Tuesday. In a new policy document, the ministry reiterated China's pledge to eliminate mills ...

COSCO acquires rights to Athens port

Vehicles for export sit parked at Piraeus port near Athens, Greece in February 17, 2010. [Agencies] Despite financial turmoil surrounding Greece, COSCO Pacific, a port operator subsidiary of China's State-owned shipping giant China Ocean Shipping (Group) Co (COSCO), has signed a ...

Zijin Mining shuts copper smelter after leakage

Dead fish lie on the bank of the Tingjiang River in Shanghang county, Fujian province, the result of sewage leaking into the river since July 3 from the local Zijinshan Copper Mine. [Jiang Kehong / Xinhua] Zijin Mining Group Co, China's largest gold producer, said it shut the ...

Prada denies stake sale reports

A pedestrian passes a Prada store in Shenyang, Liaoning province. Prada said that a media report about a Chinese tycoon having acquired the luxury brand's shares is not true.[China Daily] SHANGHAI: Prada SpA denied a report in Chinese media that said businessman Lu Qiang had ...
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