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'Made for China' Phoenix cabin marks 60th anniversary

As the China aviation industry celebrates its 60th anniversary this month, Eurocopter, in collaboration with Airbus, presents a brand new cabin interior concept specially designed for the Chinese market called Phoenix, to underline its commitment to the country's aviation ...

Airbus rolls out Phoenix cabins for Asian market

Inside of the Phoenix, a new cabin concept offered to Airbus corporate jet customers in Asian market. [Photo / Agencies] A new cabin concept called the Phoenix, featuring a color scheme and layout designed to appeal to Asian tastes, is being offered to Airbus corporate jet ...

Baidu to Close Its C2C Website

China's famous search engine Baidu will close its e-commerce unit youa.com by the end of April and transfer related business to its partners, the "Nanfang Daily" reports. On March 31, youa.com issued an announcement about its closure, marking the failure of Baidu's three-year ...

Android to Capture 49 Percent Smartphone OS Market by 2012: Gartner

Google's Android will become the most popular smartphone operating system worldwide and will account for 49 percent of the market by 2012, IT research and advisory firm Gartner said Thursday. According to Gartner's projections, worldwide smartphone sales will reach 468 million ...

China's Three Gorges Corp ready to invest $15b in Pakistan

KARACHI, Pakistan - The China Three Gorges Corp, China's largest hydropower developer, is ready to invest $15 billion in Pakistan's energy sector, which will add 10,000 mW to its grid in 10 years, Reuters reported on March 7, citing a senior company official. "We have given the ...

China Mining United Fund seeks IPO in HK, mainland this year

SINGAPORE - China Mining United Fund, a private company focused on mining-related investments, said on Wednesday it plans an initial public offer for its energy and gold assets this year, Reuters reported. Zheng Zhi, chairman of the company, told reporters at a mining conference ...

Chinese copper demand set to rise

SANTIAGO, Chile - Xstrata Plc said a build-up in copper stocks, responsible for the metal's worst first quarter in a decade, will end in "the next couple of months" as buyers return to the marketplace. Chinese demand may recover to grow 6 percent this year, Charlie Sartain, who ...

PetroChina to boost April oil processing by 15%

PetroChina Co, the nation's largest oil company, will increase oil processing and shorten maintenance of its plants to ease a fuel shortage in some regions, the Bloomberg News reported. The refiner will raise processing volumes by 15 percent this month from a year earlier and oil...

PetroChina to build natural-gas storage tanks

SHANGHAI - PetroChina Co, the country's biggest energy producer, is planning to build underground natural-gas storage tanks in Hutubi county in western Xinjiang Uygur autonomous region to guard against supply disruptions. Construction of the 4-billion-cubic-meter (cu m) Hutubi ...

China Vanke March property sales slow sharply

SHANGHAI - China Vanke, the country's largest property developer, said its sales growth slowed sharply in March as real estate transactions cooled after the government stepped up fights against speculative investments, Reuters reported Thursday. Sales grew 47.8 percent in March ...

Dairy firm to milk int'l demand

According to Fonterra Cooperative Group Ltd, Chinese demand for New Zealand milk products last year surged more than fivefold from 2008 to about 353 million kilograms. The dairy company forecast that exports to China will more than double to $950 million by 2020, from $400 ...

Chinese firms step up IPOs in March

BEIJING - Chinese companies have stepped up to go public and started to play actively on overseas stock markets in March, a leading Chinese private equity (PE) research agency said. According to the report released on Wednesday by Zero2IPO, 105 Chinese enterprises listed at home ...

Airbus targets Chinese market

SHANGHAI - Airbus plans to sell five new Airbus Corporate Jetliners (ACJ) in China each year during the country's 12th Five-Year Plan (2011-2015) period, the company announced in Shanghai on Wednesday. To boost sales in the Chinese market, the company adjusted the cabin design ...

Profit for China's leading rare earth producer surges

BEIJING - The Inner Mongolia Baotou Steel Rare-earth (Group) High-tech Co, China's leading rare earth producer, said on Wednesday that its net profit reached a record high of 750.74 million yuan ($114.6 million) in 2010 due to rising rare earth prices. This company's net profit ...

Airlines advised to inspect Boeing 737s

US aircraft maker Boeing advised airlines, including those in China, to inspect certain 737 models after a fuselage rupture occurred on a Southwest Airlines Boeing 737-300 in the US, the National Business Daily reported Wednesday. Boeing has advised its customers, including ...

Fosun looks for global expansion

Conglomerate says it is capable of managing assets worth $150b NEW YORK / BEIJING - One of the largest Chinese private conglomerates, Shanghai Fosun High Technology (Group) Co Ltd (Fosun Group), is capable of managing assets of more than 1 trillion yuan ($150 billion) with its ...

Milling machine maker looks to China for profits

MADRID - Nicolas Correa SA, Spain's biggest maker of milling machines by sales volume, expects to post profits in the next few years on rising sales of machine tools in China, Chairman Jose Ignacio Nicolas-Correa said. "We expect to turn profitable in the second half of this year ...

RBS hires Sherry Liu as China chairman, CEO

SHANGHAI - The Royal Bank of Scotland Group Plc said on Wednesday that it had hired Sherry Liu as chairman and chief executive officer of RBS in China. Liu was formerly with JPMorgan Chase & Co. Liu will oversee RBS's overall business in China, across banking, markets, wealth ...

Minmetals bids for Australian miner

The Chinese company offers $6.5 billion to secure supplies of copper and other metals MELBOURNE, Australia - Minmetals Resources Ltd, China's biggest metals trading company, on Monday offered $6.5 billion to buy Equinox Minerals Ltd, chasing Equinox's copper assets in Zambia and ...

King Long to deliver better results

In 2010, China exported buses and coaches to 12 European countries, including France, Germany and Great Britain. [Photo / China Daily] Bus maker wants to raise overseas sales to 5 billion yuan in five years XIAMEN, Fujian - Xiamen King Long United Automotive Industry Co Ltd, ...
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