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China Sunergy profit beats, says demand improving

BANGALORE - China Sunergy Co Ltd's third-quarter profit doubled, beating estimates, and the solar cell maker said it would expand capacity to cash in on growing demand, sending its shares up 8 percent. Sales of solar equipment have jumped this year as buyers rush to build ...

Aviation sector set for takeoff

China relaxes control of airspace, paving way for a travel bonanza SHANGHAI - Government approval of plans to open part of its low-altitude airspace to the general aviation industry may unleash pent-up demand for private air services and create a market worth more than one ...

CNOOC, Chesapeake close $1b shale deal

China's top offshore oil producer CNOOC Ltd and Chesapeake Energy Corp on Tuesday announced the completion of the Eagle Ford Shale project deal in the United States. The completion of the deal marks a victory for CNOOC's quest for US government's approval. New energies to lead ...

China's aviation industry gains momentum in 11th Five-Year Plan

BEIJING - China's aviation industry prepares for continuing growth during the 11th Five-Year Plan (2006-2010) and is expected to contribute to the country's fast and sustainable economic development, a Chinese official said Monday.Liu Lihua, director of the General Office of the ...

Study on coal-to-olefins business launched

Fu Xu, director of CNCIC, and Roger Lee, managing director of Tecnon OrbiChem, shake hands after signing a Memorandum of Understanding in Beijing to formalize the two firms' partnership, Nov 15. [Photo/ Provided to chinadaily.com.cn] China National Chemical Information Center ...

COMAC gets orders for 100 of C919 jumbo jets

ZHUHAI, Guangdong - Commercial Aircraft Corporation of China Ltd (COMAC) said Tuesday it has struck deals to build 100 of its self-developed C919 jumbo jets for sale to Air China and five other domestic and overseas airline companies.The agreements were reached between COMAC and ...

China needs more than 3,750 jumbo jets by 2029

ZHUHAI - China is expected to need more than 3,750 jumbo jets to meet its market demand by 2029, Commercial Aircraft Corporation of China said in a report on Tuesday. Over the next 20 years, air passenger volume in China will be the fastest growing in the world, expanding at an ...

Maersk wants more market share on imports to China

A Maersk container ship passes another ship as it leaves Hong Kong. The shipping company expects to see a continuous rise in freight demand in Asia, Latin America and Africa for next year. [Bloomberg] Shipments are expected to pick up due to rising demand in Asia BEIJING - Maersk ...

Increasing costs worry business managers

A man carries a bag of cotton in Hami, Xinjiang Uygur autonomous region. Rising costs of raw materials such as cotton have become a headache to many businesses. [Photo/China Daily] BEIJING - Nearly three-quarters of Chinese entrepreneurs considered the rising costs of labor and ...

Tougher times ahead for Shanghai hotels

SHANGHAI - With the end of the Shanghai Expo, some budget hotels near the site are also likely to close shop within the next two years. "We knew it (the hotel) wouldn't stay in this location for too long," said a marketing executive from Green Tree Inn who wished to remain ...

New plane reaches for the sky

Commercial airliner set to take on industry giants Boeing and Airbus ZHUHAI, Guangdong - The official unveiling of the C919 prototype, China's first large commercial airliner, on Monday has enhanced the nation's ability to compete with the industry's giants, Boeing and Airbus, in ...

Chemical company paints rosy picture for the future

A vessel being painted with Intersleek 900, made by AkzoNobel International. It is a unique patented fluoropolymer anti-fouling coating and marks the very latest advances in such technology, according to the company. AkzoNobel has set even higher performance standards for its ...

General aviation to be trillion-yuan sector

China's general aviation industry eventually will be worth more than 1 trillion yuan ($150.6 billion) with the continued easing of air space restrictions on low-altitude flights, the Beijing News reported Monday. According to the report, the central government has recently ...

Shanghai metro to install high-tech communications

SHANGHAI -- The communication-based train control technology (CBTC) is to be used on Shanghai metro line 11 beginning November 16 following a ten month trial in this East China metropolis. Free trade deal lifts businesse The automated control system, which is the most advanced ...

Airlines to ink deals for China-made planes

Commercial Aircraft Corp of China Ltd (CACC) will sign contracts with Chinese airline companies for its home-grown C919 this week in Zhuhai at the Eighth China International Aviation & Aerospace Exhibition, China Business News reported on Monday. Free trade deal lifts businesse>

Sourcing resources

Business people unload imports from Vietnam at a pier in Dongxing city, Southwest China's Guangxi Zhuang autonomous region. [Photo/China Daily] BEIJING - Prompted by rich resources, favorable locations, and reasonable prices in Southeast Asia, Chinese companies are increasingly ...

Developing a taste for local coffee

Choosing Nescafe, produced by Nestle, at a grocery store in Zurich. Swiss-based Nestle SA, the world's largest food company by sales, recently added Nescafe Yunnan Arabica coffee to its beverage portfolio, pinning much hope on its success. [Photo / Bloomberg] Yunnan, traditionall...

Chinese company Hanlong gets $1.5b for overseas expansion

CHENGDU - Hanlong, which has made a string of foreign investments since 2009, signed a cooperation agreement with the Export-Import Bank of China Saturday which would provide Hanlong with loans of up to $1.5 billion. Based in Southwest China's Sichuan province, Sichuan Hanlong ...

Games developer plans to double workforce in China

A worker at the headquarters of games company Electronic Arts Inc in Redwood City, California. [Bloomberg] BEIJING - Shanghai-based Spicy Horse Games, a content developer for Electronic Arts Inc, aims to double its workforce as it looks to tap the online games market in China, ...

Jade jewelry maker eyes global market

A Zhaoyi Jade outlet in Dawanglu, Beijing. The company plans to set up stores in New York, Paris, Hong Kong and Tokyo. [Photo/China Daily] BEIJING - Zhaoyi Jade is looking to tap into the international market in a bid to prove that Chinese luxury brands can find favor with ...
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