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Starbucks in deal with JV partner in China

Starbucks Corp said it signed an agreement with its joint venture partner in South China, Maxim's Caterers Ltd that gives the world's largest coffee chain full control of more than half of its retail stores in the Chinese mainland. As part of the agreement, Starbucks has assumed ...

TCM company applies for EU product license

LANZHOU -- A traditional Chinese medicine company based in northwest China's Gansu province on Wednesday applied for a product license from the Swedish drug administration, becoming the first traditional Chinese medicine producer to apply for a license in a European Union (EU) ...

Tainted drink companies banned

BEIJING - The mainland's top quality watchdog issued a temporary ban on importing food from Taiwan enterprises identified as producing food with an illegal additive. The ban, which took effect on Wednesday, is the latest response from the General Administration of Quality ...

China to adopt measures to meet summer power demand

China will adopt comprehensive measures to increase its supply of available power while curbing excessive demand for energy, the National Development and Reform Commission (NDRC) said Wednesday. To meet demand during the peak summer months, the ministry will continue to work with ...

Toyota to Recall Prius Vehicles Globally

Toyota Motor Corporation on Wednesday announced that it will recall 106,000 vehicles around the world to replace the electric power steering pinion shaft attachment nuts. Of the total, approximately 52,000 would be from the United States. Toyota said in a publication that if the ...

Traditional Chinese Medicine Company Applies for EU Product License

A traditional Chinese medicine company based in northwest China's Gansu Province on Wednesday applied for a product license from the Swedish drug administration, becoming the first traditional Chinese medicine producer to apply for a license in a European Union (EU) country. The ...

CICC's Yuan Fund Targets PE Sector

China International Capital Corp, the country's leading investment bank, has approval from the authorities to raise 5 billion yuan (US$772 million) for its latest yuan-denominated fund to tap the nation's lucrative private equity sector. The first fund to raise money from limited ...

Insurers to Add Realty Investments

Around 78 billion yuan ($12 billion) of insurance capital is expected to enter Beijing's "economically affordable" housing market, marking further investment in the property market. Seven insurance asset management companies, led by China Pacific Insurance Assets Management Co, ...

CNBM to invest $400m in Indonesia

JAKARTA - China National Building Material Co Ltd (CNBM) plans to invest $400 million to build a cement factory and glassworks in the next two years in Indonesia's main Java island, a newspaper reported on Wednesday. "We are committed to build a cement factory in Grobogan and ...

Coca-Cola considers listing in Shanghai

Coca-Cola Co, the world's largest soft-drink company, is interested in a possible listing on the proposed international board on the Shanghai Stock Exchange, Hong Kong Economic Journal reported on Wednesday. "We are interested in exploring the opportunity of listing our stock on ...

China Southern to buy 6 Boeing cargo planes

HONG KONG - China Southern, the country's largest airline, said Tuesday that it would purchase six Boeing B777F cargo planes. In a statement filed to the Hong Kong stock exchange, China Southern said the catalogue price of each Boeing B777F is $264 million, but the airline's ...

China Targeting Telecoms In Corruption Probe

Central authorities in China are carrying out a sweeping corruption investigation targeting the country's telecom operators, including China Mobile, China Unicom and China Telecom. More than 60 people, including government officials and telecom employees, are under investigation ...

Philips Recalls 1.76 Mln Hairdryers due to Fire Risks

The Philips (China) Investment Co., Ltd. will recall 1.76 million foldable hairdryers from May 31 due to an overheating malfunction that may pose a fire risk, China's Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said Tuesday. The AQSIQ said in an ...

China's Chery Auto to Build Plant in Venezuela

Chery Automobile Co. will break new ground in Latin America and its factory of 200 million U.S. dollars in Venezuela will start producing vehicles for the region later this year. Chery had signed a cooperative agreement with China Development Bank and the Venezuelan government to ...

Aviation program to train more professionals for China

Tianjin - More than 400 graduates have successfully obtained their master degree or diploma from the Aviation Safety Management Master Program (ASM Master Program). The program is run by Airbus and its European and Chinese partners. This year marks the 10th anniversary of the ...

Hypermart operator eyes $1b HK IPO

China's largest hypermarket operator, Sun Holdings, is planning an initial public offering of up to HK$7.8 billion ($1 billion) in Hong Kong and has hired four banks to manage the offer, the Apple Daily reported on Monday. Sun Holdings, a 50:50 joint venture between the Taiwan...

HNA buys 60% of Turkish MRO firm

BEIJING - HNA Group Company Ltd, a diversified services provider, has acquired a majority stake in a Turkish maintenance, repair and overhaul (MRO) company to facilitate China's fourth-largest airline to penetrate the aviation networks in Europe, Asia and North Africa. HNA's MRO ...

Investigation into alleged graft at telcos

BEIJING - Chinese authorities have launched a large-scale investigation into the country's three largest State-owned telecom carriers on suspicion of corruption, after a series of dismissals of top-level executives and financial scandals rocked China Mobile Communications Corp, ...

China, Japan co-op in e-waste recycling plant

HANGZHOU -- An electronic waste recycling company, jointly funded by Japan's Panasonic, Sumitomo, DOWA Group and China's Hangzhou Dadi Environmental Protection Co Ltd, will be built in East China's Zhejiang province, local authorities said Monday. Located in Tonglu county under ...

CNOOC offloads Qatari license stake

DOHA, Qatar/BEIJING - CNOOC Ltd, China's biggest offshore oil producer, sold a 25 percent stake in a license to explore for hydrocarbons in Qatar to Total SA of France as the Chinese company seeks to reduce risk. The Beijing-based producer, which secured rights to the offshore ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
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 ...

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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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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
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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
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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