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For Dassault Falcon, the sky's the limit

The market is set to take off for the French manufacturer of business jets BEIJING - Having delivered three airplanes to China last year and another eight so far this year, the French business aircraft maker Dassault Falcon Jet Corp sees the country's burgeoning private sector as ...

North African crisis disrupts CNPC projects

BEIJING - China National Petroleum Corp (CNPC), the country's biggest oil and gas producer by volume, said it is evaluating losses made in Libya recently and its operations in the North African country had been halted after all of its more than 100 employees were evacuated from ...

Cathay Pacific sees opportunity from growth in mainland traffic

Cathay Pacific Airways Ltd and Hong Kong Dragon Airlines Ltd passenger planes are parked at Hong Kong International Airport. Cathay has a dominant share of about 43 percent of the passenger traffic out of Hong Kong. [Photo / Bloomberg] HONG KONG - A robust growth in passenger and ...

Nuclear power standards come under scrutiny

Plant operator conducts safety inspections on installations HONG KONG - China Guangdong Nuclear Power Group Co, the majority owner of the Daya Bay plant near Hong Kong, is conducting safety checks on its power stations, including those under construction, following the Japan ...

Budget hoteliers eye Motel 168 chain

A budget hotel of Home Inn & Hotels Management Inc in Shanghai. The top four Chinese budget hoteliers Home Inn, Jin Jiang, 7 Days Inn and Hanting Inn all indicated an interest in acquiring the Motel 168 chain from Shanghai Motel Management Co. [Photo / Bloomberg] SHANGHAI - With ...

Alibaba broadens SME loans

Alibaba's booth at a trade expo in Beijing. Alibaba will expand its small-loans business with Chinese commercial banks. [Photo / China Daily] E-commerce giant may add 15 lending partners to initiative BEIJING - Alibaba Group, the Chinese e-commerce giant, will expand its small...

China halts Libya investment

ZTE headquarters in Shenzhen, Guangdong province. Some Chinese companies, including ZTE, China's major telecom equipment maker, have been seriously affected by the political unrest and subsequent airstrikes in Libya. [Photo / China Daily] Exchanges 'will be seriously affected' ...

Chinese media group taps ROK film market

BEIJING - China's Zonbo Media and the Busan International Film Festival (BIFF) partnered to create a film distribution channel and chain of cinemas in the Republic of Korea (ROK). The Beijing-based ZONBO-BALCON, which came into shape under an agreement signed by both parties ...

Kweichow Moutai net profit up 17.13%

BEIJING - Renowned Chinese liquor producer Kweichow Moutai Co Ltd announced Monday its annual net profit in 2010 rose 17.13 percent year-on-year on strong market demand. Its net profit hit 5.05 billion yuan ($769.17 million), the Guizhou-based firm said in its 2010 annual report ...

Huge recalls under way as pork scandal continues

Workers scatter sterilizing chemicals while burying pigs that had been fed with the banned additive clenbuterol in Qinyang city, Henan province, last week. Clenbuterol encourages the development of muscle and reduces fat in pigs, but is harmful to humans. [Photo / Xinhua] BEIJING ...

Kweichou Moutai's dividend plan hits record

Kweichow Moutai Co offered a dividend to its shareholders for 23 yuan ($3.42) plus 1 share for every 10 shares. Kweichow Moutai, China's largest liquor manufacturer in terms of market value, made the offer in its annual report released Monday, Shanghai Securities News reported. ...

40 developers trapped in 600b yuan debt

Forty Chinese property developers have more than 600 billion yuan in combined debt, Guangzhou Daily reported on Monday. Though the red hot property market has recently cooled, many enterprises are still struggling with debt. The property developers will be in a worse position ...

Electrical appliance vendors seek the best way to survive

BEIJING - Despite the closure of the United States-based Best Buy Co Inc's branded-stores in China, multinational companies are keeping a close eye on the electrical appliances and electronic products retailing business in China amid aspirations to open more stores to cash in on ...

Sharing in factory proprietor's success

Ding Mingquan (left), chief executive officer and president of Fujian Jinjiang Aojin Knitting & Garments Co, Ltd, gives an employee a certificate for a portion of the company's shares. He said he has thought of many solutions to retain good workers, and found that share ...

Airline extends its international reach

China Southern Airlines, China's largest carrier in terms of fleet size, is scheduled to open more international non-stop flights starting from April, covering New Zealand, Europe and North America. The direct flight between Guangzhou and Auckland will take off on April 8, using ...

Japan quake prompts PetroChina M&A

The company's president pledges to accelerate its global expansion plans HONG KONG - PetroChina Co pledged to accelerate acquisitions of energy assets and develop the country's domestic resources of natural gas as demand for the fuel rises following Japan's nuclear reactor crisis...

Lanxess drives ahead in China

BEIJING - Lanxess AG, the world's biggest producer of synthetic rubber, said on Friday that curbs on the use of vehicles in Chinese cities will not harm its business in the country, despite a gearing down of the growth rate in the country's car sales. Government restrictions on ...

Huawei makes 1st post-quake shipment to Japan

BEIJING - Huawei Technologies Co, the world's second-biggest maker of mobile-phone networks, said it completed its first shipment of "essential" communications equipment to Tokyo since the earthquake in Japan. Technical teams from Huawei are working to help repair and restore ...

China State Construction plans rights issue

China State Construction is planning a rights issue to raise at least HK$3.6 billion ($460 million), the company said in a statement on Friday. China State Construction plans to issue 597.4 million rights shares on the basis of one rights share for every five existing shares at ...

Zijin Mining's shares drop on tax hike report

SHANGHAI - Zijin Mining Group Co Ltd said on Thursday that its tax rate will rise 10 percent this year after the government canceled its status as a high-tech company, following a severe pollution incident last year. In a statement to the Shanghai Stock Exchange, the country's ...
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