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China irked by unfair treatment

A visitor uses his mobile handset to take a photograph at the Huawei Technologies Co trade stand at the Mobile World Congress in Barcelona, Spain, on Wednesday. [Photo / Agencies] NEW YORK - Political resistance in the United States to Huawei's latest effort to acquire technology ...

Baidu, Tencent, Alibaba forming oligopoly on Chinese Internet

An Internet oligopoly is forming among Chinese Internet enterprises, with Baidu Inc, Tencent Hodingd, Ltd, and Alibaba Holding Group, Ltd, taking up 70 percent of the total market value of all listed Internet companies in China, the Chinese finance website Hexun reported Friday, ...

China Overseas Land targets 20% net profit growth in 2011

China Overseas Land and Investment Ltd, China's largest developer by market value, aims to record 20 percent growth in net profit this year, its chairman said on Friday. However, growth in the doemestic real estate sector was expected to slow, Kong Qingping told Reuters on the ...

Baosteel signs ferrochrome supply pact with India Farco

Baosteel Group, China's second-largest steelmaker by output, said Friday it had signed an agreement with India's Ferro Alloys Corporation (Farco) to secure ferrochrome supply to support stainless steel production. Baosteel Resources, the group's resources subsidiary, inked a ...

China's airports rank among world's best five for customer service

COPENHAGEN - Airports in the Asia-Pacific region have swept all five top spots in a survey for the world's five best airports of high-quality of customer service. China registered a strong presence in the rankings, with Hong Kong International, Beijing Capital International and ...

Wuhan Steel to invest $57m in CIMC

A worker walks on a steel beam at a construction site for a bridge across the Yellow River near Zhongwei, in the Ningxia Hui autonomous region. Wuhan Iron & Steel Group announced it will invest C$56 million ($57 million) to acquire a stake in a Canadian mining company. [Photo / ...

Silver screen seeks golden future in China

BEIJING - When Barry Levine, a US movie producer and comic book publisher, planned to expand his business outside the United States, he fixed his eyes on China. The 62-year-old heads Radical Studios, a California-based company that makes comic books, films, music, and interactive ...

Lenovo sees 25 percent jump in profits

A Lenovo Group Ltd LePad, a tablet computer that runs on Google Inc's Android operating system, is displayed during the 2011 International Consumer Electronics Show in Las Vegas. [Photo / Agencies] PC maker says recovery in mature markets offset a decline in China BEIJING - ...

Sina Weibo valuation triples to $5.8b

SHANGHAI - Ye Fangzhao, a 25-year-old freelance brochure editor for auto companies, abandoned his Twitter account a year ago to start using Sina Weibo, a Chinese equivalent. Now he's on the micro-blogging service 10 hours a day to connect with motoring experts and keep up with ...

Mori Group plans to sell commercial space in Shanghai

A girl walks past China's tallest building, Shanghai World Financial Center (right). The building's developer, Japan's Mori Group, has decided to sell its office separately. [Photo / China Daily] SHANGHAI - In a break from its traditional "only for rent" operation of commercial ...

Zijing sued $26m for fatal dam breach

BEIJING - Zijin Mining Group, China's largest gold miner, is being sued 170 million yuan ($26 million) for damages after water from its tailing pond burst a dam and flooded residential areas killing 22 people, a court official said Thursday. Xinyi Municipal People's Court has ...

Logistics missing the boat

A package is being prepared for shipment. Logistics sales revenue in 2010 reached 60 billion yuan ($9.1 billion), a 20 percent year-on-year increase. However, delivery capacity could not accommodate the gigantic demand from the 370 percent growth rate in e-commerce over the same ...

Chinese firms hot on M&A opportunities

Executives of foreign companies are less optimistic about global recovery BEIJING - More Chinese companies intend to seek growth opportunities in mergers and acquisitions in the next half year, reflecting their greater optimism about global economic recovery than their foreign ...

Apple Inc admits fault in scandal

SHANGHAI - While Apple is enjoying hot worldwide sales of its fashion electronics, its health and environmental responsibilities have come under fire in China. Poisoned workers at one of Apple's supplier factories on the Chinese mainland have demanded a formal written apology ...

Moutai prices cut by nearly half in foreign markets

The domestic price of the renowned Kewichow Moutai liquor has jumped despite a retail price cap imposed by the producer. At the same time, Kewichow Moutai can be purchased in foreign markets for half the price, 21 Century Business Herald reported Thursday. The 375-mililiter ...

Full steam ahead for shipbuilders' plans for market position

BEIJING - China plans to maintain its current global market share of 40 percent in the shipbuilding industry during the next five years, further consolidating its dominant position in the field, said Zhang Guangqin, head of the China Association of the National Shipbuilding ...

Ford may build new plant in China

A woman examines a Ford Motor Co Focus on display at a dealership in Beijing. With Chinese customers buying Ford vehicles, the automaker is considering building a new plant in Tianjin. [Photo / Agencies] BEIJING - Ford Motor Co may build a new car plant in northern China after ...

China Telecom reveals bold broadband Internet agenda

Customers at a China Telecom branch in Nantong, Jiangsu province. The company plans to improve its Internet infrastructure by converting from low-speed copper wires to high-speed fiber optics and aims to boost high-speed Internet user numbers to 100 million. [Photo / China Daily] ...

Suntech Power wins $80m UN contract

Suntech Power Holdings Co announced that it signed an agreement on Wednesday with a Chinese supplier of the United Nations for producing more than $80 million worth of solar power equipment. This is the largest contract the United Nations has signed with a Chinese company. The ...

Best Buy rejects store closure 'rumor'

BEIJING - The consumer-electronics retailer Best Buy's own-brand outlets are suffering difficulties in China, and experts say it's because the US-based company has not tailored itself to the local market. Beijing Business Today reported on Friday that Best Buy might consider ...
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