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Xi'an Aircraft Int'l Corp. Net Profit Up 9 pct Last Year

Net profit of Xi'an Aircraft International Corporation (XAIC), a China-based aircraft maker and components supplier, rose 9.47 percent year on year to hit 345.56 million yuan (about 52.36 million U.S. dollars) last year, the company announced Tuesday. Total business revenue ...

For FAW, the name is the game

BEIJING - FAW Group Corporation, China's second-largest auto manufacturer by sales, is targeting a 10 percent increase in sales revenues this year as it expands the development of its brand portfolio. "The sales revenues of FAW Group will see a 10 percent increase this year, and ...

Mattel: Sorry, doll, it just didn't work

The Barbie shop in downtown Shanghai is closed. [Photo / China Daily] SHANGHAI - Counters selling Barbie dolls in Shanghai are still in operation, but Mattel closed its Barbie concept flagship store in Shanghai on Monday after almost two years of poor performance. Mattel Inc, the ...

China seeks global suppliers for jumbo jet engines

SHANGHAI - China's jumbo jet engine developer said on Tuesday that it was seeking local and foreign partners to supply parts for the country's large commercial jets engines. AVIC Commercial Aircraft Engine Co (ACAE) started seeking suppliers to take over work packages for an ...

Lenovo to launch LePad 2

New tablet version comes in effort to catch up with US rival's product BEIJING - The Chinese computer maker Lenovo Group said on Monday that it plans to launch the second version of its tablet computer LePad this year, as part of its efforts to catch up with Apple's latest iPad 2...

Apple offers refund to recent iPad buyers

Customers try out Apple's iPad at a Shanghai store. People who bought the tablet within two weeks before the discounted price was announced on March 3 can get a partial refund. [Photo / China Daily] SHANGHAI - Apple Inc has said it will refund 1,100 yuan ($167) to its customers ...

China Vanke '10 net profit up 36.65%

BEIJING - China Vanke Co, the country's biggest developer by market value, said its 2010 net profit rose 36.65 percent on strong demand for homes. Its net income surged to 7.28 billion yuan ($1.1 billion), from 5.3 billion yuan in the previous year, the company said in a ...

Boeing sees China driving Asia aircraft demand

Boeing Co sealed two deals with Chinese airlines as the world's second-largest economy expects to order more than 2,000 aircraft over the next five years as demand for air services booms. China expects to order 1,100 new transport aircraft and 1,000 general aviation aircraft in ...

New customers make up L'Oreal sales in China

A subway station in a Shanghai features advertisements for Garnier men's moisturizer, a brand belonging to the L'Oreal group. L'Oreal aims to double the number of people using its products by 2020. [Photo / Bloomberg News] SHANGHAI - Millions of new Chinese customers helped to ...

Prada shuns Milan for HK listing

Prada SpA's logo is displayed on a store window in the district of Tsim Sha Tsui in Hong Kong. The fashion brand is planning the largest initial public offering of a family-owned Italian company since 2006. [Photo / Bloomberg] HONG KONG - Prada SpA, the fashion house known for ...

Environmental green light given to power project

BEIJING - China has granted initial environmental approval to an $8.8 billion project by the South African petrochemical firm Sasol Ltd and China's top coal producer Shenhua Group to turn coal into fuels. The environmental clearance brought the project, potentially one of the ...

CNPC wants increase for tax threshold

A worker piles up barrels of oil displaying the China National Petroleum Corp logo. [Photo / China Daily] SHANGHAI - China should raise the threshold for the government's windfall tax on sales of crude oil to at least $60 a barrel from the current $40, said an executive with the ...

XAIC '10 net profit up 9%

BEIJING - Net profit of Xi'an Aircraft International Corporation (XAIC), a China-based aircraft maker and components supplier, rose 9.47 percent year-on-year to hit 345.56 million yuan ($52.36 million) last year, the company announced Tuesday. Total business revenue reached 10.53 ...

Express delivery companies suspended

BEIJING - The State Post Bureau has suspended the business of 17 Chinese express delivery companies because they lacked operating permits, according to the bureau's official website. "Customers should be vigilant when using express delivery services," the bureau said on its ...

Caterer turns on the heat

A customer receives a free nail beauty service at a hot pot restaurant owned by Sichuan Haidilao Catering Co Ltd in Shanghai. One of Haidilao's first tactics to lure Chinese diners was a free nail service while they waited for a seat. There were also free drinks, fruit and cake ...

Trials planned for TD-LTE

A China Mobile logo at an exhibition in Beijing. China Mobile will set up more than 1,000 base stations in seven cities this year for a TD-LTE test, according to a statement of the company. [Photo / China Daily] China's new 4G telecommunications standard to be tested in seven ...

Aviation firms look to take off in China

Workers dust off a model of a Commercial Aircraft Corp of China (Comac) C919 airplane displayed at the Airshow China 2010 in Zhuhai, Guangdong province, in November. [Photo / Bloomberg] BEIJING - The chief designer of China's first commercial jetliner, Wu Guanghui, refuted ...

Sales of China's jumbo jets to reach 2000 in two decades

BEIJING - The Commercial Aircraft Corporation of China (COMAC) said Saturday it is expected to sell 2,000 jumbo jets, the homegrown C919, over the coming 20 years. More orders for the C919 were in the pipeline this year in addition to the existing orders of 100, Wu Guanghui, vice ...

China Southern's first A380 makes maiden flight

PARIS - The first Airbus A380 of China Southern Airlines, the biggest Chinese airline by fleet size, made its maiden flight on Friday. The plane flew from France to Germany for cabin work and painting, the French producer Airbus said in a statement. The first of five Airbus A380s ...

Milk hoarding scandal hits Hong Kong stores

HONG KONG - Allegations that staff at a Wellcome store in Hong Kong stockpiled tinned baby milk formula for resale on the mainland will be investigated by The Independent Commission Against Corruption (ICAC). That's according to Nelson Wong Sing-chi, a member of the Legislative ...
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