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Shipbuilding industry passes through stormy period

This deep-water semi-submersible drilling platform from the China Shipbuilding Industry Co is the sixth generation of its type in China, and a technological breakthrough. It was delivered to the Noble Corp in the US, an offshore drilling contractor, in 2009. [Photo / Provided to ...

Deloitte cuts China MediaExpress

The advertising company will miss deadline for SEC report NEW YORK - China MediaExpress Holdings Inc, the provider of advertising on buses in China whose stock has been halted since Friday after losing 48 percent in six weeks, said that Chief Financial Officer Jacky Lam and ...

China's search giant Baidu in wrangle over copyright theft

BEIJING - Baidu, China's search engine giant, was blamed Tuesday by Chinese writers for participating in copyright violations, since the website offers free online excerpts of unauthorized stories and books. On March 15, which is World Consumer Rights Day, more than 40 writers ...

Nation's biggest airlines plan bond sales

SINGAPORE - China's biggest airlines plan to sell the most bonds on record to fund growth even as the central bank is driving up borrowing costs and the industry forecasts a 46 percent plunge in profits on soaring fuel prices. China Eastern Air Holding Co sold 500 million yuan (...

Hainan Airlines still keen to buy MGM stake

BEIJING - Hainan Airlines, China's fourth-largest carrier, is still interested in buying a stake in US film studio Metro-Goldwyn-Mayer (MGM) after a failed bid last year, a source familiar with the matter said. The source said the carrier intended to join hands with a foreign ...

ABB to maintain investment pace

ABB Group opened China's first robotic automotive paint facility in 2010. [Photo / Provided to China Daily] BEIJING - The power and automation technology giant, ABB Group, will invest more than $100 million in China this year, to maintain its robust growth in the country, a ...

GE to increase focus on Chinese market

A General Electric Co jet engine at the eighth China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province, in November 2010. [Photo / Provided to China Daily] International sales expected to reach 60 percent of total revenue: CEO BOSTON, Massachusetts - ...

CSR explores investment opportunities in Bulgaria

SOFIA - A delegation from China's largest producer of locomotives and coaches is in Bulgaria to explore investment opportunities. Tang Kelin, executive director and vice president of CSR Corporation Limited, said on Monday that the main purpose of the visit is to investigate the ...

China e-commerce giant launches campaign to fight online piracy

BEIJING - Taobao.com, China's leading B2C (business-to-consumer) website, announced on Monday that it will launch a major campaign to stop online piracy and counterfeiting. The move comes after the site was labeled as a "notorious market" by selling products that violate ...

China's inte'l telecom connection recovered after Japan quake

BEIJING - China's international communication connections have mostly resumed after a massive 9.0-magnitude earthquake jolted Japan, damaging undersea cables, the country's telecommunications operators said Monday. China Telecom, China's largest fixed-line telecommunications ...

HP New CEO Sets Cloud, Software as Priorities

Hewlett-Packard will take cloud computing, connectivity and software as its strategic priorities into the future, the company's new CEO, Leo Apotheker, said at the HP Summit held in San Francisco on Monday. In his keynote speech for the HP Summit, Apotheker vowed to make HP a ...

Skyrocketing Moutai Price 'Normal' Says Chairman

A senior executive from the China Kweichow Moutai Distillery Co Ltd - the maker of one of nation's most famous alcoholic drinks - has responded to criticism that the iconic beverage costs twice as much in China as it does overseas. Ji Keliang, the company's chairman, told China ...

Agricultural group seeks more overseas expansion

Company finds farming methods are different in various countries BEIJING - Heilongjiang Beidahuang Nongken Group, the country's largest agricultural company, plans to expand its overseas business. The group's chairman Sui Fengfu said it plans to acquire 200,000 hectares of ...

Thinking out of the box for new gift ideas

SHANGHAI - With so many reasons to give gifts, for many Chinese, especially those living in municipalities such as Beijing or Shanghai, the problem often lies in the "what?" rather than the "for what?". "Precisely what should I buy?" is the question many Chinese ask themselves, ...

Wanting a share of the pot? Then buy stock

A chef makes meals at a fast food restaurant in Shanghai. In front of him are compound condiments made by Unilever. Unilever and Nestle possess the lion's share of the market for such products in China. [Photo / Provided to China Daily] BEIJING - Just two brands dominate the ...

Bosch gearing up for another boom

A technician checks capsules leaving the Bosch 3000 Encapsulation machine at the Elan Corporation plant in Westmeath, Ireland. The German company plans to integrate more into China's economy with more investment and technology innovation. [Photo / Bloomberg] B usiness in China ...

Chinese flights to and from Tokyo resume

BEIJING - China Southern Airlines, the nation's largest carrier by fleet, said its flights to Tokyo's airports were resumed. The airline canceled its flights to Tokyo Saturday after a devastating quake struck Japan on Friday. Meanwhile, China Southern Airlines flights to other ...

Retail park shines with optimism

A route indicator board in Solana in eastern Beijing showing directions to bar street, the skating rink, the cinema, the shopping center and restaurants. Thousands of Chinese and overseas customers visit the venue every day, demonstrating its success as a model of good business ...

Sinopec to shut Luoyang plant in Sept for maintenance

China Petrochemical Corporation (Sinopec), the nation's biggest fuel supplier, plans to shut its 160,000- barrel-a-day refinery in Luoyang city in Central China in September for maintenance, said the head of the plant, Bloomberg reported Saturday. The refinery in Henan province ...

Poisoning prompts workplace oversight

Employees of Apple Inc supplier want concrete action from govt BEIJING - A senior official in Suzhou, East China's Jiangsu province, has pledged to step up government supervision of workers' health following a poisoning incident at one of Apple Inc's supplier factories in the ...
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