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China to be largest growth market for Starwood

Starwood Hotels & Resorts Worldwide Inc (HOT), which opened China's first international-branded hotel 26 years ago, expects the nation to be its largest growth market in the next three to four years as it adds more properties. About 90 Starwood hotels are under construction in ...

Warner Bros offer films in China

LOS ANGELES -- Warner Bros Entertainment will begin offering its new releases and catalog films to Chinese consumers this summer in a tieup with its Chinese partner, marking its advance into one of the world's most populous markets, the company announced on Tuesday. The Chinese ...

Minmetals takes steps to help rare-earth industry consolidate

BEIJING - China Minmetals Group Corp has started exploration of heavy rare-earth minerals in Guangdong province and expects to become one of the top three heavy rare-earth companies to consolidate the scattered industry in the south of China, company executive told China Daily on ...

S&P lowers developers' outlook in China

Real estate market slows as tighter credit and gov't curbs 'start to bite' SHANGHAI - Chinese developers' outlook was cut to "negative" from "stable" by Standard & Poor's, which said tighter credit and further government curbs may lead to rating downgrades in the next year. ...

Chemicals giant eyes Chinese market

BEIJING - Dow Chemical Co will increase investment in China this year, which emphasizes the importance of the Chinese market amid economic uncertainties, the company said. "Dow Chemical's investment growth rate in China will increase by double-digits this year," said Peter Sykes, ...

Chinese Vice Premier Meets Cisco Chairman

Chinese Vice Premier Zhang Dejiang met in Beijing Wednesday with John Chambers, chairman and chief executive officer (CEO) of Cisco Systems Inc. Zhang said that he appreciated Cisco's long-term cooperation with China's information and telecommunication industries. "China has ...

'Yuan should play big role in Central Asia'

ASTANA, Kazakhstan - China's yuan should play a bigger role than the US dollar in trade settlements in Central Asia in order to boost regional trade, a top Chinese banker said on Monday. "China should continue to push the internationalization of the yuan and expand cooperation ...

China May steel output hits record but daily rate falls

China's steel mills defied credit tightening, razor-thin margins and a possible power supply crunch to produce a record 60.25 million tons of steel in May, although daily output declined slightly. Crude steel output fell to 1.94 million tons a day from last month's peak of 1.968 ...

Chaoda 'cleared' in land holdings claims

Chaoda Modern Agriculture Holdings Ltd, the Chinese vegetable producer defending a claim from Next Magazine that it overstated its land holdings, has not exaggerated its assets, Macquarie Group Ltd said after visiting plantations. Macquarie visited two of Chaoda's largest ...

Expansion not the only goal: WEI president

SHANGHAI - Chinese companies need to improve their competitiveness and increase efficiency and asset quality, instead of only focusing on expansion, a research organization said. Shen Hanyao, president of Warton Economic Institute (WEI) in Shanghai, which has published a report ...

HP shakes up managers, aims at China, India

Hewlett-Packard Co moved a veteran executive onto its board and announced the departure of two senior officers in a major ongoing management shake-up, and put new focus on China and India. Chief Executive Leo Apotheker, who took over at the world's No 1 computer maker in ...

Fractured supply lines hinder food safety in China

BEIJING -- A salient reason for China's current food safety crisis is fractured supply lines between the agricultural sector and food manufacturers, said head of China's leading food producer on Monday. There is insufficient coordination between enterprises in the upper and lower ...

Eximbank to Provide Financing for SCO Projects

The Export-Import Bank of China will continue to provide financing for the economic cooperation projects under the Shanghai Cooperation Organization (SCO), the bank's head said here Monday. The Export-Import Bank of China, or China Eximbank, is the only bank that provides ...

CNR to Deliver First Freight Trains to Europe

China CNR Corporation, a leading provider of locomotives, said Monday it has signed an agreement to sell 20 railway ammonia tank cars and another 20 liquified gas tank cars to Atir Rail of France. The deal will mark the first time that Chinese-made trains are to be exported to ...

Top luxury brands compete to tap China market

TIANJIN -- Prominent luxury brands are scrambling to get a slice of the competitive Chinese market. With a two-wheel drive specially designed for China's road conditions, an orange Lamborghini roadster was displayed at a luxury exhibition in the northern port city of Tianjin. The ...

Security issues shouldn't deter China investors

Charlene Barshefsky, a former United States trade representative, said on Saturday that the US may have too many national security concerns about foreign investment in certain fields, but Chinese investors should be determined to come. "I think the issue for the US, as for many ...

Huaxin and Morgan Stanley form JV

US company and Chinese partner will work with small-cap outfits SHANGHAI - Morgan Stanley on Friday formally unveiled a new joint venture with Huaxin Securities Co Ltd, in a move to boost its presence in China's investment banking industry. The Shanghai-based venture, Morgan ...

Everbright Bank likely to list in HK in July

BEIJING -- China Everbright Bank Co is expected to list at the Hong Kong Stock Exchange as early as mid-July after it has got green light from the securities regulator. The Beijing-based bank said in a statement on Saturday that it has received regulatory approval for its plan to ...

Huaneng Renewables share price falls 2.8% on debut

BEIJING -- Huaneng Renewables Corp, the wind-power unit of China's biggest electricity producer, made a lackluster debut on the Hong Kong bourse on Friday, with its share price down 2.8 percent from the offering price to hit HK$2.43 (31 cents). The company raised 799 million in ...

GM to Recall 50,500 Cadillac SRXs in North America

General Motors Co. announced Friday it was recalling 50,500 Cadillac SRX luxury crossover vehicles in North America to reprogram airbags, according to a report by Detnews. The recall affects 47,401 2011 model year vehicles in the U.S. and the rest in Canada and Mexico. GM ...
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Bill Gates talks nuclear
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China slams Japan's NHK governor's denial of Nanjing massacre
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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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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Minivans rev up sales for GM
Minivans rev up sales for GM
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Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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Chinese leader calls for more marine power
Chinese leader calls for more marine power
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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
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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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