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Sinochem takes 50% stake in Dutch company

China's Sinochem Group will take a 50 percent stake in an anti-invectives unit of Netherland's DSM for 210 million euros ($279 million) in cash, 21st Century Business Herald reported Thursday. "China has become the fastest-growth economy," said DSM CEO Feike Sijbesma. The group's ...

Arrail Dental to operate 50 clinics in 5 yrs

Arrail Dental, a high-end dental service provider in China, plans to expand its medical institutions in China from the current 16 to 50 in the next five years, Founder and CEO Robert Zou said April 7. The new clinics and dental hospitals will still mainly reside in Beijing, ...

Aircraft manufacturers eye Chinese opportunities

Visitors at the 2011 Shanghai International Business Aviation Show on Wednesday at Shanghai Hongqiao International Airport Business Aviation Center. Around 100 companies including jet manufacturers, ground service providers, maintenance operators, and training providers took part ...

Foxconn sees lure of Brazil

A shuttle bus of Foxconn Technology Group in the Longhua Science and Technology Park in Shenzhen, Guangdong province. Foxconn is a key supplier to top technology brands, including Apple.[Photo / Agencies] IPhone maker considers investing $12b to expand operations overseas BEIJING ...

Nestle China insists products 'absolutely safe'

BEIJING - Nestle China released an announcement on Tuesday, saying its products are "absolutely safe for consumption", in response to earlier reports that cast doubt on the company's infant foods and alleged they contained toxic metals. The announcement said Nestle products ...

Intel's New Chip Looks Promising to Firms

Intel Corp's newly-launched chip is expected to be adopted by at least 35 devices made by companies including Lenovo Group and Fujitsu Ltd, the United States-based chip giant said Tuesday in Beijing. "The new Atom platform represents our commitment to bring amazing personal and ...

Indiana Subaru Plant Plans to Halt Production Temporarily

Subaru of America will halt production on one of its Indiana plant's production lines temporarily owing to a parts shortage caused by Japan's disaster, the automaker said Wednesday on its website. The company said that Subaru and Camry production will be shut down on April 15, ...

Zhongjin Gold Q1 profits likely to rise more than 50%

BEIJING - Zhongjin Gold Corp, China's second-largest bullion producer by market value, said on Wednesday that its profits are likely to rise by more than 50 percent in the first quarter of this year. Soaring gold prices and better business management helped boost its profits, the ...

Baby Food Giant Insists Products 'Absolutely Safe'

Nestle China released an announcement on Tuesday, saying its products are "absolutely safe for consumption", in response to earlier reports that cast doubt on the company's infant foods and alleged they contained toxic metals, China Daily reported. The announcement said Nestle ...

China State Construction Q1 new contracts worth $29b

China State Construction Engineering Corp signed contracts worth 191.5 billion yuan ($29.3 billion) in the first quarter of the year, up 95 percent over the same period a year ago. The company also said it achieved sales of 18.7 billion yuan in its real estate business with total ...

Largest investment in Shandong by Singapore company

APRIL increases investment by 30 billion yuan in phase three development of China pulp and paper operations Singapore APRIL SSYMB, the China arm of APRIL Group, a subsidiary of Singapore's Royal Golden Eagle Group (RGE Pte Ltd), today announced that it will make an additional ...

Jinan Steel proposes new merger plan

China's Jinan Iron & Steel has rolled out its third proposal to merge with Laiwu Steel in a share swap, to forge the country's sixth-biggest steel giant Shandong Steel Group, the two companies said on Wednesday. The shareholders of Laiwu Steel will get 2.43 shares of Jinan Steel ...

Carrier AdvanTE3C Solutions Center to provide solutions for regional markets

SHANGHAI - Carrier Corp, the world's largest provider of heating, air-conditioning and refrigeration solutions by sales, aims to broaden its market share in China, amid increasing competition from domestic rivals in energy efficiency areas. On Wednesday, Carrier opened its ...

Siemens aims to get in sync with China

Siemens AG has reorganized its business and added an infrastructure and city development division, which includes its energy-saving operation. According to the company, China's industrial upgrade and its focus on promoting businesses related to environmental protection coincide ...

Everbright Bank Gains Regulatory Support for HK Listing

China Everbright Bank's H-share IPO plan has now gained regulatory support after it won shareholders' approval last month. The mid-sized bank announced in February that the bank plans to issue no more than 12 billion shares in the Hong Kong market to replenish its core capital. ...

ICBC Plans to Open First Branch in Brazil

Industrial & Commercial Bank of China has now planned to open a branch in Brazil, extending its reach to Latin America's largest economy, following expansions in Europe and the U.S. Brazil's central bank said ICBC intends to set up a full-service bank in Sao Paulo with initial ...

ZTE Enters Indonesia's PC Tablet Market

ZTE Indonesia, a subsidiary of China's ZTE Corp. is entering Indonesia's tablet personal computer (PC) market by launching its ZTE Light Tab on Tuesday. The launch was a follow up of its success in markets of Europe, Japan and Malaysia. "ZTE Light allows Indonesians to enjoy new ...

Property Developers Cash-starved amid Gov't Tightening

Chinese property developers are suffering from a slump in cash flow amid government tightening measures meant to battle rising inflation and rein in speculation in the housing market, according to a report by a financial information provider. The free cash flow of the 84 property ...

Orkla metal unit in $70m China JV with Chinalco

OSLO - Orkla's aluminum extrusion unit Sapa said it had formed a joint venture with Aluminum Corp of China Ltd (Chinalco) to build a plant to serve China's high-speed train industry. The two partners will together invest $70 million in the 50-50 joint venture. "The JV will build ...

Shenhua to seek rights issue

According to China Shenhua Energy Co, coal production this year will increase 14.8 percent to 258 million tons and sales will reach 350 million tons, up 19.6 percent year-on-year.[Photo / Agencies] Coal giant to raise up to 120 billion yuan upon shareholder approval SHANGHAI - ...
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world

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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
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industry

Minivans rev up sales for GM
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Court rejects Apple lawsuit over iPad name
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Chinese leader calls for more marine power
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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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