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Airbus Parts Factory Starts Operation in N. China

A plant to manufacture and assemble airframe parts for Airbus wide-body aircraft started operation in China's northern industrial city of Harbin on Monday. The plant, covering 80,000 square meters of land, is owned by Harbin Hafei Airbus Manufacturing Center, a joint venture ...

Tencent Shares Rally on Group-buying Website Venture

Shares of Chinese Internet giant Tencent surged Monday with the opening of a new joint venture with US group-buying website Groupon. The launch of bargain website GaoPeng.com boosted Tencent Holding stocks by 3.2 percent to finish at 206 Hong Kong dollars in Hong Kong. GaoPeng...

General Motors Recalls 233,000 Cars in China

Shanghai General Motors Co. began recalling 232,931 cars in China Monday to fix faulty fuel lines. The recall covered 133,074 2-liter and 2.4-liter Regal sedans produced from Sept. 18, 2008, to Oct. 14, 2010, and 99,857 2.4-liter LaCrosse cars made from April 20, 2009, to Oct. 14...

Li Ka-shing Close to Buying E.ON's UK Network

Hong Kong billionaire Li Ka-shing is close to clinching a 3.7 billion pound ($5.97 billion) bid for E.ON AG's UK power networks, Reuters reported Sunday citing the Sunday Times. Li's investment arm, Cheung Kong Infrastructure Holdings Ltd, is understood to have outbid US power ...

Chanel finds a fashionable home on Channel Young

French model Fabrice Wattez speaks to the audience during a broadcast on Channel Young, a Shanghai-based TV station that focuses purely on fashion and urban lifestyles, the only one of its kind in China. [Photo / Dong Hongjing] SHANGHAI - Fifteen-minute specials every day on a ...

Tianjin Saixiang delivers 1st batch of A350 XWB transportation jigs

First Chinese producer of transportation jigs for Airbus aircraft in development Tianjin Saixiang Technology Co, Ltd, (TST) has delivered the first batch of Airbus A350 XWB transportation jigs. The jigs, including those for the transportation of wings, horizontal tail planes (HTP...

Airbus Fly Your Ideas challenge attracts over 300 teams worldwide

More than 2,600 students have registered for the second Airbus Fly Your Ideas (FYI) university contest which challenges students from all around the world to develop new ideas for a greener aviation industry that can shape the future of aviation and deliver a further reduction in ...

Gaokao trainers foresee a bright future

A large billboard stands in the lobby of a Beijing training organization advertising various educational programs for high school students to study at overseas universities. [Photo / China Daily] D emand rises for classes in how to excel in the national college exam BEIJING - ...

Tesco signs JV for 3 more China shopping malls

LONDON - Tesco, the world's third-biggest retailer, has signed a joint venture to build three more shopping malls in China as part of its plans to rapidly expand in the world's most populous country, Reuters reported Monday. The total value of the project to build the shopping ...

Hutchison seeks up to $5.8b in Singapore port trust IPO

Hutchison Whampoa Ltd, controlled by billionaire Li Ka-shing, is seeking $5.83 billion from the sale of Chinese port assets in what may be Singapore's biggest initial public offering (IPO), Bloomberg reported Monday. The world's largest operator of container terminals is offering ...

Groupon starts group-buy service in China

Groupon Inc, owner of the biggest coupon website, said it started an online group-buying service in China as consumers in the world's fastest-growing major economy increase spending over the Internet, Bloomberg reported Monday. The bittersweet of group purchase Tencent Holdings ...

Dell Planning Massive China Expansion in 2011

The world's second largest PC maker Dell is planning a massive expansion in China this year in a bid to reverse its declining share of the world's biggest Internet market. It will set up over 1,000 retailers in China that will showcase its products and applications for commercial ...

Huawei Looks to Lay U.S. Security Concerns to Rest

Huawei Technologies has urged the U.S. to investigate the company, hoping to dispel suspicions that it poses a threat to U.S. national security. In an open letter, Deputy Chairman Ken Hu provides details about Huawei's tax breaks, government research grants and its arrangement ...

Li Ka-shing close to buying E.ON's UK network

Hong Kong billionaire Li Ka-shing is close to clinching a 3.7 billion pound ($5.97 billion) bid for E.ON AG's UK power networks, Reuters reported Sunday citing the Sunday Times. Li's investment arm, Cheung Kong Infrastructure Holdings Ltd, is understood to have outbid US power ...

Toyota to recall 5,202 Lexus cars in China

BEIJING - Toyota Motor (China) Investment Co will recall 5,202 imported Lexus cars in China to fix a malfunctioning gas-pedal problem beginning March 23, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said Friday. Toyota's announcement of its ...

'Reselling' claims put more pressure on Carrefour

SHANGHAI - The French retailer Carrefour SA resells products bought from its suppliers to intermediate distributors at a discount in China to inflate sales figures, according to a report on the news portal NetEase.com on Friday. The retailer also increases the charges for ...

Huawei blasts 'misperceptions'

Huawei engineers working at the company headquarters in Shenzhen, Guangdong province. The Chinese phone-network equipment maker said it's not a threat to US national security. [Photo / Bloomberg] Company urges probe into claims it has military and government links BEIJING - ...

DSM plans to build a new factory in Jiangsu province

SHANGHAI - Royal DSM NV, the global life sciences and materials sciences company, will launch a 500 million yuan ($76 million) project in Nanjing, Jiangsu province to build a new production facility for composite resins targeted at the Chinese market. The facility, scheduled to ...

All central SOEs will be listed in future

The State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) has said that all large State-owned enterprises (SOEs), including centrally-administered SOEs, will be listed in the future, the Shanghai Securities News reported Wednesday. Shao Ning, ...

Huawei Asks for US Probe to Dispel "Untrue" Concerns

China's telecom giant Huawei issued an open letter on Friday saying it welcomes investigations from the U.S. government, if that could dispel misperceptions about the company. In the announcement posted on its website, deputy chairman of Huawei, Ken Hu, said he regretted that the ...
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