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Samsung Electronics Expands Presence in China's LCD Market

Samsung Electronics, the world's largest flat-panel maker, said Monday it held a groundbreaking ceremony for a new plant in China in a bid to expand its presence in the liquid crystal display (LCD) market in the world's most populous nation. According to an emailed statement sent ...

China Railway signs agreement with Myanmar

BEIJING-- China Railway Group Limited (China Railway) announced Saturday that it has signed a side agreement with Myanmar to jointly build a rail transport construction project in Myanmar. The side agreement was a supplement to a memorandum of understanding (MOU) signed in April ...

NZ company fined for misleading label

WELLINGTON -- A company that imported Chinese powdered royal jelly into New Zealand, and sold it in capsules claiming it was "Made in New Zealand" has been fined 11,400 NZ dollars ($9,137) for violating the country's Fair Trading Act. Honey New Zealand (International) Limited ...

Taobao's Mall Heats Up Rivalry

Chinese e-commerce giant Taobao is now stepping up its heated rivalry with bricks-and-mortar retailers, with the launch of a five-story home furnishings showroom here in Beijing. Taobao, which is owned by Alibaba, has opened the showroom for customers to try out sofas, tables and ...

Chinese firm offers apparatus to treat depression

HARBIN - A therapeutic apparatus to treat depression has been developed in northeast China's Heilongjiang province, government sources said Saturday. The apparatus, which claims to be the world's first instrument to treat clinical depression, combines transcranial magnetic ...

Parent company increases stake in PetroChina

PetroChina Co., Ltd., the listed arm of the country's largest oil and gas producer, said Friday that its parent China National Petroleum Corporation (CNPC) has raised its stake in the company by nearly 0.02 percent to 86.3 percent. CNPC has bought 31.08 million yuan-denominated A...

China Railway Signs Agreement with Myanmar on Rail Project

China Railway Group Limited (China Railway) announced Saturday that it has signed a side agreement with Myanmar to jointly build a rail transport construction project in Myanmar. The side agreement was a supplement to a memorandum of understanding signed in April between the ...

China Ranks Top 30 Auto Companies in 2010

China on Friday unveiled a list of the country's top 30 auto companies in 2010, including 14 state-owned enterprises, 13 privately-owned companies, and three three-way ventures. The Shanghai Automotive Industry Corp.(SAIC), China FAW Group Corp. and the Dongfeng Motor Group Co. ...

Fisher & Paykel expects boost from Chinese partnership

WELLINGTON - New Zealand home appliance manufacturer Fisher & Paykel Appliances, which is 20-percent owned by China's Haier white ware maker, has bounced back to a profit after reporting a loss of NZ$83.3 million ($67.49 million) last year. The company Friday reported an audited ...

Langham focuses on key China properties

BEIJING - The Hong Kong-based hotelier Langham Hospitality Group (LHG) is strengthening expansion plans in China through its management expertise in the scheduled opening of 50 new hotels in the next five years, targeting the luxury to mid-end range, a top company executive said. ...

China Southern to receive 1st Boeing 787

BEIJING - China Southern, one of China's leading airlines, will receive its first 787 Dreamliner aircraft from the Boeing company in the fourth quarter of this year, Boeing chairman and CEO W. James McNerney said on Thursday in Beijing. The aircraft will be the first of its kind ...

Chinese firm starts upgrading roads in Fiji

SUVA -- A road ground-breaking ceremony was held in Fiji's Sigatoka Valley on Friday with Fijian Prime Minister Commodore Voreqe Bainimarama drove an excavator to open the Chinese-constructed project of road upgrading for local villages. The 15 km road upgrade is being carried ...

Unilever's price rise 'a corporate decision'

Government will not interfere, official says BEIJING - Unilever's decision to raise the price of some of its products is a "corporate decision", and the government will not punish the company or "interfere" with its business, a senior official said. But a major priority for the ...

EU-China green co-op working well: EU official

BRUSSELS -- European Union (EU) and China share similar views over the development of green economy and cooperation of the two sides in this field is working well, said an EU senior official on Tuesday. China has recognized the significance of the green orientation of its economy...

EU-China green co-op working well: EU official

BRUSSELS -- European Union (EU) and China share similar views over the development of green economy and cooperation of the two sides in this field is working well, said an EU senior official on Tuesday. China has recognized the significance of the green orientation of its economy...

EU firms say China increasingly becoming 'strategic market'

BEIJING -- European companies said China is an increasingly important "strategic market," according to an annual business confidence survey released by the European Union Chamber of Commerce in China on Wednesday. Up to 78 percent of the companies surveyed registered significant ...

Unilever China raises prices after fines

BEIJING -- Unilever (China) Co, Ltd has raised the prices of some of its products in China three weeks after it was fined by the Chinese government over spreading news of price hike. Many supermarkets and shopping malls in China's southern city of Guangzhou have been informed ...

Nestle plans expansion in China

DONGGUAN, Guangdong - The Swiss food and beverage giant Nestle SA expects to announce expansion plans in China in the coming months, after boosting its seasoning production capacity in Dongguan, Guangdong province. On Tuesday, the company unveiled its plan to invest 320 million ...

CIC sees investment potential in Russia

MOSCOW -- Chinese companies can find rich investment opportunities in Russia through its planned direct investment fund and a new round of privatization, says China Investment Corporation chairman Lou Jiwei. Lou, who was invited to attend an international investment seminar, told ...

Intel posts possible future CEO to China

BEIJING - If you were the big boss of a world renowned technology firm, where would you send your potential successor? For Paul Otellini, chief executive officer of the world's biggest chip maker Intel Corp, the answer is China. Intel announced on Tuesday that it has appointed ...
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