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Chinese wind turbine maker signs deals in US

BEIJING - Xinjiang Goldwind Science and Technology Co Ltd (Goldwind), a leading Chinese wind turbine maker, announced here Tuesday that it had signed deals with four large international component suppliers, including three in the United States. The deals were signed at Windpower ...

Dow Agro sets up China headquarters in Jiangsu

Dow Agro Sciences from the United States has launched its China headquarters in the city of Nantong in eastern China, according to company sources. The company is one of the world's top five agrochemical transnational corporations and a wholly-owned subsidiary of the Dow Chemical...

Sino-German JV in Tungsten processing planned

H.C. Starck, the world's leading refractory metals and advanced ceramics supplier based in Germany, will build two joint ventures in the city of Ganzhou of eastern China's Jiangxi province. According to an agreement between the German company and Jiangxi Rare Earth & Rare Metals ...

$1b jumbo deepwater rig delivered to CNOOC

SHANGHAI -- A 3,000-meter deepwater jumbo oil drilling platform was delivered here Monday to China National Offshore Oil Corp (CNOOC), the country's largest offshore oil producer, the latest step for China as it seeks more energy from the ocean. It took 6 billion yuan ($923 ...

China Exclusive: After 3 years and nearly a billion dollars, jumbo deepwater rig delivered to CNOOC

A 3,000-meter deepwater jumbo oil drilling platform was delivered in Shanghai Monday to China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil producer, the latest step for China as it seeks more energy from the ocean. It took 6 billion yuan (923 million U...

PetroChina eyes progress in Sino-Russian pipeline

BEIJING -- Senior executives of PetroChina Co Ltd, said Wednesday that the company will continue to seek opportunity for overseas merger and acquisition (M&A) and further expand its Latin American presence. In an interview with Xinhua at PetroChina's annual shareholders' meeting, ...

1,552 Jaguar Cars to Be Recalled in China

The British luxury car manufacturer Jaguar is now recalling 2 of its models sold here in China because of potential steering flaws. The recall involves over 15-hundred XF and XK cars. The company says the plating on the power-steering oil pipe is below design standards. The ...

Three Gorges Corp. Vows to Rectify Financial Problems

China's largest hydropower producer is now pledging to rectify the financial problems uncovered during its most recent audit. The National Audit Office has uncovered 31 different accounting problems with the China Three-Gorges corporation. The company says 10 of the problems have ...

Casinos bet big for Macao's gaming windfall

MACAO -- MGM China Holdings Ltd, a Macao casino joint venture between US-based MGM Resorts International and the daughter of gaming tycoon Stanley Ho, started Monday the process of retail book building for its initial public offering (IPO), days after Macao's another major casino ...

Central SOEs' net profit up 18% in first 4 months

BEIJING -- China's State-owned enterprises (SOEs) administered by the central government, or the central SOEs, posted a net profit increase of 18.2 percent year-on-year in the first four months. The pace of increase was 4.2 percentage points lower compared with that in the first ...

Israeli firm to secure Tianjin metro system

JERUSALEM -- Israel's NICE Systems has won a contract to provide video security camera and computerized surveillance alert systems for the metro system in China's northern city of Tianjin, company officials recently told Xinhua. "Asia has the biggest population in the world, and ...

Bauxite mining by Chinese firm in Fiji halted

SUVA -- The recent typhoid outbreak in Vanua Levu has halted the bauxite mining by a Chinese company in Fiji's Bua area, according to a manager of the company on Monday. Human Resources Manager for Aurum Exploration Fiji Limited, Basilio Vanuaca, told media that Fiji's Health ...

Foxconn Chengdu plant halts production

CHENGDU -- The death toll rose to three after one seriously injured worker died in hospital Sunday following an explosion at a Foxconn plant in southwest China' s Sichuan province on May 20, local authorities said on Sunday. The blast occurred about 7 pm on May 20 at a workshop ...

Three Gorges vows to rectify financial issues

YICHANG -- China's largest hydropower producer said on Sunday that it will take further steps to rectify financial problems that were uncovered during a recent audit. China Three Gorges Corp (CTGPC), which operates and manages the world's largest hydropower project, the Three ...

China's Power Giant to Invest $3bln in Energy Projects

China Guodian Corp. is planning to invest 20 billion yuan (3 billion U.S. dollars) in the development of energy programs in southwest China's Chongqing Municipality over the next five years, the company said in a statement Sunday. According to an agreement between China Guodian ...

SOE supervisor vows to boost transparency

BEIJING -- China's State-owned enterprises (SOEs) supervisor on Saturday said it would work to make the SOEs management more transparent after China's top auditor publicized irregularities among a number of famed SOEs. The release of the audit results will help the public to ...

Sino-German JV produces solar boiler for industrial use

A Sino-German joint venture recently announced a solar boiler for industrial use, as the development of solar power gains momentum in coal-dependent China, amid the rising doubts about nuclear safety. Ma Yingchang, deputy general manager of Linuo Paragigma New Energy Co Ltd, ...

MGM China targets $1.5 billion IPO in Hong Kong

HONG KONG - MGM China Holdings, owned by US casino operator MGM Resorts International and Hong Kong businesswoman Pansy Ho, is planning an initial public offering to boost expansion in China and elsewhere in Asia. MGM, which is opening an MGM Grand hotel this year in the Chinese ...

China's Fosun Group to buy 9.5% stake of Folli Follie

Fosun Group, the largest privately-owned conglomerate in China controlled by billionaire Guo Guangchang, signed an agreement with Greek luxury retailer Folli Follie to purchase 6.36 billion of additionally issued stock valued at 13.3 euros per share. Once the purchase is final, ...

Two dead, 16 injured after explosion hits Foxconn compound in SW

CHENGDU - Two people were killed and 16 others injured Friday after an explosion hit a Foxconn plant in Southwest China's Sichuan province, said local authorities. The blast occurred about 7 pm at a workshop in Hongfujin Precision Electronics (Chengdu) Co Ltd, a subsidiary of ...
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