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BEIJING - China Eastern Airlines will get financing support of 50 billion yuan ($7.60 billion) from China Development Bank over the next five years, according to an agreement signed Wednesday. The fund will be used by China Eastern to purchase and hire aircraft, as well as build ...
BEIJING - China's Ministry of Science and Technology has approved a subsidiary of CSR Corporation Limited (CSR), China's largest rail vehicle maker, to set up an engineering research center for high-speed trains. The research center of CSR Sifang Locomotive & Rolling Stock Co Ltd ...
BEIJING - China's centrally administered State-owned enterprises (SOEs) had posted healthy profits in foreign markets since they adopted the strategy of going global in recent years, government official said Tuesday. In 2009, China's SOEs' overseas assets took up 19 percent of ...
SINGAPORE - Singapore property developer CapitaLand said on Tuesday it is in China for the long run, especially the affordable housing market, despite the recent cooling measures by the authorities to curb speculation. The company also said it intended to build affordable housing ...
MELBOURNE, Australia - BHP Billiton is buying shale gas reserves from Chesapeake Energy Corp for $4.75 billion, pitting itself for the first time against oil giants and China in the battle for the fast-growing energy source in North America. The deal marks the top global miner's ...
SHANGHAI - China's increasing spending power and its unprecedented urbanization campaign are providing great opportunities for property services companies at home and abroad. UK-based Savills is shifting its focus in China by offering more professional property services to its ...
TIANJIN -- Two Chinese companies jointly won a bidding project for solar power equipment with the United Nations worth $81 million, said a representative for Peak International Trade (Tianjin) Co Ltd in east China municipality of Tianjin on Tuesday. In three years, Peak and ...
TAICANG, Jiangsu - Nike Inc unveiled its biggest logistics center in Asia in Jiangsu province on Tuesday, as the US sportswear and equipment maker envisages rapid growth in its second-biggest market worldwide. The 200,000 square-meter logistics center in the city of Taicang, ...
'Fastest-growing company ever' hits lull, failed launch Discount website Groupon has buyers in markets across the globe rushing for great deals, but this time it may have itself been too hasty in launching a bid. After its China portal www.gaopeng.com went online on Feb 15 it was ...
People examine a bottle of Moutai in Shanghai, where an auction of vintage Chinese spirits will be held on Sunday. [Photo / China Daily] Price of vintage Moutai soars, fueled by thirst for alternative investments SHANGHAI - A small bottle of vintage Chinese spirit sitting in a ...
BEIJING - Baidu Inc may face anti-monopoly scrutiny after a Chinese website launched a complaint against the country's biggest search engine. Hudong.com, an online encyclopedia, is alleging that Baidu unfairly blocks its Web pages from search results in favor of its own ...
Customers arrive at a Best Buy Co store in Shanghai on Tuesday only to find it closed. Best Buy said it will close nine stores in China, along with its retail headquarters in the city. [Photo / China Daily] BEIJING - The consumer electronics retailer Best Buy said on Tuesday that ...
SHENYANG - China's Anshan Iron & Steel Group Corp. has inked a deal with British Stemcor to set up a joint venture, an official of the Chinese company said Tuesday. Anshan, the State-owned parent company of Ansteel based in northeast China, and Stemcor will each hold a 50 percent ...
Experts say that the unsuccessful business localization of U.S. retailer Best Buy may have underpinned its decision to close all nine outlets along with its regional headquarters on the Chinese mainland. The consumer electronics giant said in a statement on Tuesday that it would ...
Xinhua News Agency launched an Internet search engine jointly with China Mobile on Tuesday. The search engine, www.panguso.com, is expected to combine the advantages of Xinhua, a leading news agency and content provider, and China Mobile which has the latest network technologies, ...
A China Mobile advertisement in Beijing. Companies controlled by the central government, including China Mobile, are expected to pay more dividends to the State. [Photo / China Daily] BEIJING - Central State-owned enterprises (SOEs) will hand over 15 percent of their total ...
China's ANTA Sports Products Ltd said it recorded 20 percent growth in order book value for the third quarter of 2011, Reuters reported on Tuesday. The average selling price for its footwear and garments recorded double-digit growth from a year earlier at its trade fair held in ...
SINGAPORE - Road King Infrastructure Ltd, the toll-road operator with 15 projects spanning seven provinces in China, paid the highest yield on record to sell yuan bonds in Hong Kong and still saved on what it would have paid borrowing in China or in US dollars. Road King sold 1.3 ...
Hong Kong - Parkson Retail Group Ltd., the Beijing-based department-store chain controlled by Malaysia's Lion Group, will accelerate its expansion in China in the next three years. The company will open 8 to 9 stores a year through 2013, after opening 5 last year, Managing ...
Trial flight of a private helicopter in Haikou, Hainan province. [Photo / China Daily] BEIJING - The rise in China's jet fuel prices is expected to push up the costs of domestic airline companies by billions of yuan every year, while analysts hinted airliners could raise ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...