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Shanghai plans to avoid a 'Mickey Mouse' operation

SHANGHAI - Political consultants to the Shanghai municipal government urged the city to get more deeply involved in its joint venture with Walt Disney Co before signing the final agreements on Shanghai Disneyland. Tu Haiming, president and general manager of Shanghai Hodoor Real ...

Hutchison Whampoa to spin off port assets

HONG KONG - Hutchison Whampoa, a Hong Kong-listed ports-to-telecom conglomerate controlled by billionaire Li Ka-shing, said Tuesday it planned to spin off the port operations in southern China and list it at Singapore stock market. HPH Management, a subsidiary of Hutchison ...

M&A deals rose by 30 percent last year

BEIJING - Outbound merger and acquisition (M&A) deals by Chinese buyers increased by more than 30 percent to a new peak of 188 transactions in 2010, with a value of about $38 billion, a report from PwC said on Monday. The United States has become a major recipient of Chinese M&A ...

Li Ning expects business to slow

BEIJING - Li Ning Group Ltd said on Monday that its 2011 gross profit margin will be 1 percent lower than the previous year and its third- and fourth-quarter order growth will be lower than the first two quarters. Analysts attributed the gloomy performance to the company's ...

GE to build innovation center in SW China

CHENGDU - General Electric Co (GE) announced Monday it will build an innovation center in Chengdu, capital city of southwest Sichuan province, focusing on the country's local healthcare market. According to GE, the Chengdu innovation center will be different from traditional ...

Wuhan Iron taps wine industry

Wuhan Iron and Steel Co has made a foray into the food producing sector. Its international trading subsidiary presented 38 kinds of grape wine at a recent food expo in December, the Securities Daily reported Monday. The newspaper said the company's goal is to make its non-steel ...

Currying favor with the Chinese

An employee serves curry dishes at an Indian restaurant. As the population from Arabic regions increases fast in China, Indian restaurants are seeing a large demand for curry across the country. [Photo / Bloomberg] BEIJING - By importing Indian food and opening more restaurants, ...

Rosy times ahead for rosewood furniture

A yellow rosewood chair at a recent furniture fair in Beijing. More than 2 billion yuan ($3 billion) in hot money flooded into Vietnam from China to buy yellow rosewood goods last year. [Photo / China Daily] BEIJING - Guo Haibing, a rosewood furniture seller in Beijing, said he ...

Made in China porcelain for British royal wedding

A worker polishes a cup made in China and bearing the portrait of the UK's Prince William and his fianc e Kate Middleton at a factory in South China's Guangxi Zhuang autonomous region, Jan 11, 2011. [Photo/Asianewsphoto] BEILIU, China - A Chinese porcelain manufacturing company ...

China's CSGC aims high on new energy development

BEIJING - The China South Industries Group Corporation (CSGC), the nation's leading military industrial company, said on Saturday that it would make more efforts focused on new energy development during the next 5 years. The company also announced that its 2010 profits increased ...

China's hair-care market powers ahead

A local government official teaches primary school pupils how to identify fake brands of shampoo and other care-hair products in Shijiazhuang, the capital city of North China's Hebei province. The market for care-hair products in the country has great potential considering the ...

Li Ning says Q4 store sales growth at 3.6%

HONG KONG - Li Ning Group Ltd said on Monday that same-store sales growth of its L-Ning brand products increased 3.6 percent in the fourth quarter and about 3.9 percent for the full year. In a filing with the Hong Kong bourse, China's home grown sporting goods brand said it ...

China makes its mark in Indian market

The Lenovo logo on the wall at the Chinese company's Indian branch in Bangalore. The company, which took over IBM's personal computer arm in 2005, now has a bold plan to surpass all its competitors to become the largest player in India by 2014. [Photo / China Daily] China's ...

China gets first overseas order for LNG ships

BEIJING - China State Shipbuilding Corporation (CSSC) signed a contract with Exxon Mobil and Mitsui & Co Ltd on Saturday to build four LNG ships (liquefied natural gas), the nation's first overseas order for such an advanced carrier. Hudong-Zhonghua Shipbuilding (Group) Co Ltd, a ...

Intime sets store by new outlets

BEIJING - The Chinese department store operator Intime Store Group Co plans to open 12 new outlets around the country within three years, with others to follow later, in a move designed to make the company a national chain. Chen Siyu, investor relations manager of Intime, told ...

Wage hike in firms likely to hit 8.4% in 2011: Report

China's average salary level is expected to increase by 8.4 percent in 2011, the highest increase since 2008, the Fortune Weekly reported Friday, citing a report conducted by 51job, a Nasdaq-listed human resource solutions provider in China. According to the report, the nation's ...

Boeing aims to keep flying high

A Boeing 787 Dreamliner prepares to take off from Paine Field in Everett, Washington. In terms of pilot training, Boeing is moving a 787 flight simulator to Shanghai, to join five simulators for the 767 model already housed there.[Photo/Agencies] The US planemaker is looking to ...

Sinovel Wind shares fall 9.6% on debut

Beijing-based company raised 9.5 billion yuan in biggest IPO in China this year Shanghai - Sinovel Wind Group Co, China's biggest maker of wind turbines, fell on its first day of trading in Shanghai as rising competition for clean-energy products fueled concern the company's ...

Fosun and Prudential hunt together

A bronze cannon sits across from a Prudential Financial Inc building. The company said it will invest $500 million in a private-equity fund it formed with China's Fosun Group. [Photo / Bloomberg] $600 million private-equity fund to invest in high-growth companies BEIJING - China...

Boeing's reach is woven into China's aviation industry

Employees work on the wings of a Boeing 737 in Kansas. [Photo / China Daily] SEATTLE, Washington - David Langridge believes his job is taking him "around the world" without getting on board an airplane. A driver with Boeing Commercial Airplanes, Langridge takes guests of the ...
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Lucrative golf industry lures stiff competition
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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 ...
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