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Vehicle Maker to Build Plant in India

Beiqi Foton Motor, China's largest light commercial vehicle manufacturer, Wednesday said it will build a US$387 million plant in India to tap the vast market potential. The plant, which will start production in July 2013, will have an annual capacity of 96,000 commercial vehicles ...

Merchandisers Maliciously Attack Largest B2C Platform

Thousands of small merchandisers waged war Tuesday night against larger companies on tmall.com, China's largest business-to-consumer platform by transaction value, after the platform announced that it would quintuple its service fees on Monday. Starting from 9 p.m. Tuesday, ...

Multiple benefits from resource tax adjustments

The reformation of China's resource tax is expected to bring about multiple benefits both in terms of environmental protection and boosted fiscal revenues for local governments, analysts said. The State Council, or China's cabinet, announced Monday that starting from Nov. 1, ...

Sinopec, Russia's Sibur Plan Joint Ventures

China's top oil refiner, the Sinopec Corp., and Russia's leading petrochemical holding company SIBUR signed a memorandum on Tuesday for two planned joint ventures for the production of butadiene nitrile rubber in the cities of Krasnoyarsk and Shanghai. According to the document, ...

Nike to Invest in China "Very Aggressively"

Nike brand President Charlie Denson said on Tuesday that the company will continue to invest heavily in the world's most populous country, as the world's top sportswear maker plans to double sales in China by 2015. Although the world economy -- notably in the United States and ...

China's First English Microblog Service Launched

Tencent, China's largest instant messaging service provider, on Tuesday officially launched an English version of its microblog service or Weibo, the Chinese equivalent of Twitter, in a move to meet the social networking needs of English-speaking users. The English version of ...

U.S. Official Hails Chinese Project in Texas

A Texas official expressed his warm welcome to a recent jumbo-sized Chinese project in the state and hailed it as a role model for future "win-win" business cooperation between the United States and China. The project worth 1 billion U.S. dollars is invested by China's Tianjin ...

China stocks close at one-year low after trading resumes

Chinese shares closed down on the first trading day this month after the Shanghai and Shenzhen stock markets resumed trading on Monday after a seven-day National Day holiday. Key indexes of both bourses opened higher Monday but closed at the lowest points in one year. The ...

Sinopec to buy Canada's Daylight for $2b

Canadian oil and gas explorer Daylight Energy Ltd said on Oct 9 it has agreed to be acquired by China's Sinopec International Petroleum Exploration and Production Corp (SIPEPC) for about C$2.2 billion ($2.1 billion). The deal for Calgary, Alberta-based Daylight is for C$10.08 per ...

Most Listed Companies Forecast Upbeat Results

Earnings forecasts of listed companies on the Shanghai and Shenzhen bourses suggest that over 60 percent are poised to post upbeat results for the first three quarters, Shanghai Securities News reported Monday. By Sept. 30, 826 listed companies in the two bourses had unveiled ...

Sinopec to Buy Canada's Daylight for $2b

Canadian oil and gas explorer Daylight Energy Ltd said on Oct 9 it has agreed to be acquired by China's Sinopec International Petroleum Exploration and Production Corp (SIPEPC) for about C$2.2 billion ($2.1 billion). The deal for Calgary, Alberta-based Daylight is for C$10.08 per ...

DuPont starts up Cooper River Kevlar plant

DuPont announced the start-up of its $500 million Cooper River Kevlar facility near Charleston, S.C. (U.S.), which is expected to result in an initial 25% increase of overall global production capacity for Kevlar. Ultimately, a 40% increase is expected after continued technology ...

Group-buying Sites Entering Gold Market

The gold bugs who are now flocking to special websites to buy the glittering metal at supposedly discount prices may be subjecting themselves to risks, warn investment advisers and lawyers. In the past few months, the price of gold has increased in both domestic and international ...

JAC Motors to Invest $500M in Brazil Plant

China's automobile maker JAC Motors on Friday announced it will invest 500 million U.S. dollars in its first overseas plant, which will be located in Brazil's northern state of Bahia. Years of strong economic growth and a rapidly growing middle class have made Brazil the fourth ...

EU Approves Acquisition of Skype by Microsoft

The European Commission on Friday gave the green light to Microsoft's acquisition of voice and video communication provider Skype, thus removing the last hurdle in the process. According to a statement released by the Commission, "the deal would not significantly impede effective ...

Samsung's Preliminary Operating Profit Grows 12 Pct in Q3

Samsung Electronics, the world's largest maker of memory chips, televisions and flat screens, estimated Friday that its third-quarter operating profits grew 12 percent compared with three months earlier. The preliminary estimate for operating profit posted 4.2 trillion won (3.56 ...

Google Earth Tops 1 Bln Downloads

Google announced Wednesday that Google Earth, the tech giant's virtual globe, map and geographical information program, has been downloaded more than one billion times since it was first introduced in 2005. According to Google's official blog, there have been more than one ...

CDC Files for Bankruptcy Protection

CDC Corp. an internet-related Chinese company listed in NASDAQ, filed on Wednesday for bankruptcy protection, hammering its stocks by more than 50 percent. CDC filed the bankruptcy in the U.S. bankruptcy court in Atlanta. According to CDC's latest quarterly earnings report, it ...

Alibaba 'Interested' in Buying Ailing Yahoo

Jack Ma, founder and CEO of Chinese e-commerce giant Alibaba, is "interested" in buying Yahoo Inc if the opportunity presents itself and has held discussions with other potential buyers about options. Asked whether Alibaba might buy the ailing US-based Internet company, Ma told ...

Metal Trader Gives Copper Second Try

China Minmetals, a State-owned metals trader, has made a $1.3 billion offer to take over the Toronto-listed copper producer Anvil Mining, marking Minmetals' second attempt to obtain copper assets this year after it had failed to take over the African copper miner Equinox. ...
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china

China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

world

market

China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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GM China chairman to retire
GM China chairman to retire
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industry

Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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sports

Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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