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Shandong Airlines to buy 15 Boeing jets

JINAN - China's Shandong Airlines signed a contract Monday with US-based Boeing Company to buy 15 Boeing 737-800 passenger aircrafts with a catalogue price of about $1.35 billion. The airliners would be delivered to Shandong Airlines over the next five years, said Zhang Xingfu, ...

ChemChina signs deal to buy 60 percent of MA Industries

TEL AVIV, Israel - China National Chemical Corp (ChemChina) has signed the deal to buy 60 percent of Israel's MA Industries, Reuters reported Sunday. The deal, which values the world's biggest maker of generic crop protection chemicals at $2.4 billion, will see MA's parent Koor ...

Farmer's instinct moves him to till various fields

A woman steps into a Youngor store in Beijing. Youngor has had a stranglehold on the biggest share of China's shirt market for 15 consecutive years. [Photo/China Daily] Youngor Group's Li says drive to achieve powered diversification of his company shanghai - Li Rucheng, the 59...

GD Power unit gets nod for building wind farms in Shandong

GD Power Development Co said its Shandong New Energy Co unit won preliminary state approval to build two wind farms in East China's Shandong province with combined capacity of 400 megawatts, Bloomberg reported Monday. GD Power announced the Shandong wind farm approvals on its ...

China's top gold producer says profit hits 3.2b yuan in 2010

BEIJING - China National Gold Group Corp, the country's largest gold producer, said Sunday its operating profit in 2010 reached 3.2 billion yuan ($471 million), more than five times the amount in 2006. Liu Bing, deputy general manager of the company, said at a press briefing the ...

China Minmetals reports 123% jump in 2010 profits

BEIJING -- China Minmetals Corporation said Thursday that its profits soared 123.2 percent year on year in 2010 due to robust commodity sales. Profits totaled 7 billion yuan ($1.06 billion) last year, the company's president Zhou Zhongshu said, attributing the profit growth to ...

China buys 150,000 tons of Australian feed wheat

BEIJING - China's State-owned grains trader COFCO Co Ltd has bought three cargoes of Australian feed wheat for March and April shipment, a Chinese feedmill source and a trade source with knowledge of the shipments said on Thursday. The cargoes, totalling about 150,000 tons, were ...

GE says China deals to bring $2b in sales

NEW YORK - Five deals that General Electric Co (GE) signed with Chinese partners this week will generate more than $2 billion of revenue over the next decade for the US conglomerate, including about $1 billion of exports from the United States, GE said on Wednesday. GE did not ...

Airbus hits new record aircraft deliveries in 2010

Airbus has increased its production output for the ninth year in a row and achieved a new company record of 510 commercial aircraft deliveries to 94 customers. Deliveries included 401 A320 Family aircraft, 91 A330/A340s and 18 A380s. In its military division, Airbus delivered 20 ...

Airbus celebrates 10,000th order with Virgin America's A320 deal

Airbus announced recently its 10,000th order with a firm contract from Virgin America for 60 A320s, including 30 A320neo aircraft. This is the first firm order for the A320 new engine option, making Virgin America the first official customer for the A320neo. The order formalizes ...

Increase in demand for aluminum plates expected

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] SHANGHAI - Aluminum plate consumption by global aircraft makers may rise 15 percent a year as ...

Companies see hopes for future

Chamber of Commerce survey uncovers confidence, prospects in growing economy SHANGHAI - The American Chamber of Commerce in Shanghai said US companies have achieved great success in the past year in China, and are optimistic about the two nations' closer ties and win-win ...

China CNR, CSR jump on reports of UK deal

China CNR Corp's booth at a train expo in Beijing. China CNR Corp and CSR Corp are in final negotiations for four deals worth 500 million pounds ($800 million), including a 200 million pound contract with Alliance Rail Holdings Ltd, according to the South China Morning Post. ...

Chinalco looks to go global

An Aluminum Corp of China booth at an industrial show in Beijing. The company has vowed to become one of the top five mining companies in the world within 10 years. [Photo / China Daily] BEIJING - Aluminum Corp of China (Chinalco), China's largest aluminum producer, is looking to ...

Chalco swings back to profit in 2010

BEIJING -- Aluminum Corporation of China, or Chalco, swang back to profit in 2010 as revenues increased and administrative costs fell, a company spokesman said Wednesday. Chalco posted a profit of 2.7 billion yuan ($410.1 million) in 2010 compared to a loss of 4.65 billion yuan ...

ICBC opens first France branch

PARIS -- The Industrial and Commercial Bank of China (ICBC) inaugurated its first French branch in Paris on Tuesday. At the ceremony, ICBC President Jiang Jianqing and French Finance Minister Christine Lagarde jointly pressed a red button to symbolically launch the new subsidiary ...

Air China to open 2nd Los Angeles-Beijing daily flight

LOS ANGELES - China's largest airline Air China will open a second daily flight between Los Angeles International Airport (LAX) and Beijing beginning Sept 1, generating millions of dollars annually and sustain several thousand local jobs, the airline announced Tuesday. Air China ...

Chinese steelmaker signs agreement with Canadian mining firm

Wuhan Iron and Steel Co (WISCO) has signed a framework agreement with Canadian mining company Adriana Resources for a joint-venture to construct and operate an iron mine in Canada, China Business News reported Wednesday. WISCO will invest C$120 million ($121 million) to purchase ...

Cartier to expand in US, Middle East

Bernard Fornas, chief executive officer of Cartier, says the company is accelerating boutique openings in the Middle East and the United States in case of a slowdown in the Chinese market. [Photo / Bloomberg News] GENEVA - Cartier, the jewelry maker is accelerating boutique ...

HK Disneyland reports first pre-depreciation earnings

HONG KONG - Hong Kong Disneyland, which was opened in September 2005, revealed its results of the fiscal year (FY) 2010 on Tuesday, which showed the theme park achieved its first notable earnings before interest, taxes, depreciation and amortization (EBITDA) in the last five ...
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China's farm product pricing plan shifts to market orientation
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Lucrative golf industry lures stiff competition
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Two models stand beside golf equipment and bags at a recent golf ...
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