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China steel output rose 2% in early November: CISA

SHANGHAI - China's massive steel sector produced 2 percent more crude steel in the first 10 days of November than in late October, data from the China Iron & Steel Association (CISA) showed on Thursday. The country's average daily crude steel output stood at 1.601 million tons in ...

Foxconn aims to spark electronics sales war

An employee looks at a laptop during a media event at the inauguration of the first Media Markt store in Shanghai. Metro AG, the world's third-largest retailer, aims to expand rapidly to win a share of China's consumer electronics market. [Photo/Agencies] Company teams up with ...

China's Huaneng gets nod for Dalian wind power plant

China's largest electricity provider, Huaneng Power International said on Thursday it had won approval for the first phase of a wind power plant in the north of the country. The company will invest 495 million yuan ($74.53 million) in the plant, Huaneng said in a statement filed ...

Sam's Club eyes fatter wallets of middle class

Shoppers and employees at a branch of Sam's Club, which is owned by Wal-Mart Stores Inc, in Beijing. The warehouse club plans to expand its presence into smaller cities. [Photo/Agencies] NANJING - Wal-Mart Stores Inc plans to launch online sales of its membership warehouse retail ...

US firms vent frustration over China trade

WASHINGTON / NEW YORK - Despite a federal commission report that criticizes China for its "highly discriminatory" economic practices, many US companies said in a survey that they are committed to doing business in China. But the same survey, released by the US-China Business ...

China orders crackdown on heavy metals pollution

BEIJING - China's Ministry of Environmental Protection Wednesday urged local government agencies to step up checks on heavy metals industries and punish those companies illegally discharging pollutants.Tao Detian, a spokesperson with the ministry, made the remarks at a news ...

Sino-US ties crucial to world economy: business leader

NEW YORK - The head of a US company with more than 35 years of involvement in China has named economic ties between the two countries as the most important bilateral relationship in the world today. James Owens, chairman of Caterpillar Inc, said, however, that this relationship ...

Venture capital drives small-and-medium enterprises

Venture capital can be an important driving force for the development of innovative small-and-medium enterprises in China, experts said on Nov 16 at a forum on venture capital investment. Part of the ongoing 12th China Hi-Tech Fair, the forum was attended by venture capitalists, ...

Mining needs to be more eco-friendly

Senior executives of leading mining companies and officers of major financial institutions were on hand for a keynote forum on Nov 17, at the China Mining 2010 Congress and Expo, to discuss global mining developments and global market strategies. Zhou Zhongshu, president of the ...

Chinese are key players in the international market

Visitors taking a look at the layout of a standard production base model at the China National Gold Group Corp's display. [Photo/China Daily] Editor's note: During the ongoing China Mining Congress in Tianjin, experts and specialists exchange insight in the industry development ...

China's gold consumption set to rise by 4%: Report

TIANJIN - China's gold consumption is set to rise by about four percent from a year earlier to 430 tons this year, said a senior executive of China National Gold Corp, one of the country's largest gold producers. Sun Zhaoxue, the company's general manager, said that accelerating ...

China Unicom to launch own-brand smartphone by year-end

China Unicom, the country's No 2 mobile operator, said it will launch an own-brand smartphone series by the end of this year to draw more business to its 3G data network. The Uphone would be manufactured by Huawei Technologies and ZTE Corp, but pricing details and production ...

Huawei sets sights on top spot

A man at Huawei's booth at a telecommunication expo in Beijing. [Photo/China Daily] Firm forecasts it will overtake Ericsson in gear manufacturing BEIJING - Huawei Technologies Co, China's biggest telecommunications-equipment maker, forecast it will beat Ericsson AB to become the ...

China Communications Construction-led consortium wins contract of HK-Zhuhai-Macao Bridge

HONG KONG - Hong Kong-Zhuhai-Macao Bridge Authority has recently completed the tendering process of the design and built contract for the artificial islands and tunnel of the Hong Kong-Zhuhai-Macao Bridge, the key contract of the massive bridge, the Hong Kong government said in a ...

China's Dangdang files for $200m US IPO

E-Commerce China Dangdang Inc, the Chinese equivalent of Amazon.com, filed with the US regulators to raise up to $200 million in an initial public offering of American Depositary Shares. The China-based e-commerce company said in a regulatory filing that it would use the net ...

SGIM eyes resources around the globe

TIANJIN - State-owned Shandong Gold Corp Group is speeding up the pace of overseas resource acquisitions to secure its raw material supplies and expand its global footprint, a company executive said on Wednesday. The company will sign an agreement on Friday with Energia y ...

China Gold looks overseas

A worker operates a drill in a gold mine in El Callao, Venezuela. China National Gold Group Corporation is looking for gold resources in Congo, Brazil, Russia, Venezuela and Mongolia. [Photo/Bloomberg] Country's largest producer targets Brazil, Russia, Venezuela, Mongolia TIANJIN ...

S Africa signs $435m solar deal with Yingli

CAPE TOWN - South Africa has signed a deal with Chinese company Yingli Solar to build a $435 million manufacturing plant with a local partner, a senior government official said on Wednesday. Big jet takes off with 100 order>

US lifts tariffs on apple juice concentrates

BEIJING - China's fruit juice companies will become more active in the United States, after the US Department of Commerce lifted the 10-year-long anti-dumping tax on the country's apple juice concentrate products following a full review, analysts and industry insiders said on ...

China AVIC inks deal with COMAC to sell 100 jets overseas

ZHUHAI - China's AVIC International Holding Corporation on Wednesday signed a deal with the Chinese aircraft manufacturer Commercial Aircraft Corporation of China (COMAC) to sell 100 ARJ21-700 aircraft in overseas markets. Big jet takes off with 100 order.
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