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Investors bet on property market boom

TOKYO - Grosvenor Group Ltd, the real estate company owned by the family trust of the UK's Duke of Westminster, aims to raise at least $270 million for a fund that will invest in properties in China as part of its expansion in Asia. Grosvenor, with about $16 billion in assets, ...

No pay raise for Carrefour Shanghai workers

Carrefour China Inc failed to raise salaries for its 6,000 employees in Shanghai, the National Business Daily reported Friday. "Salaries at Carrefour (Shanghai) failed to increase, but fell during the 11 years between 1998 and 2009. The situation did not change until 2010, when ...

ANZ names RBS's Li as new China boss

Charles Li SYDNEY/HONG KONG - Australia and New Zealand Banking Group (ANZ) named Charles Li from the Royal Bank of Scotland (RBS) as its new chief executive for China on Thursday, as it continues to expand in the region. Li was most recently country executive and head of global ...

33 firms among top emerging challengers

BEIJING - Thirty-three Chinese companies have made it to the top 100 "global challengers" this year, reflecting the dynamic growth and international aspirations of China's corporations, according to a report released by the Boston Consulting Group (BCG) on Thursday. The group ...

Apple secretive about its supply chain

A new iPhone4 is displayed in the Apple flagship store in New York. [Photo / Xinhua] BEIJING - Chinese environmental groups on Thursday singled out iPhone maker Apple Inc for failing to properly oversee its Chinese suppliers, leading to poor environmental and work conditions, and ...

Volkswagen Reveals All-new Passat in U.S.

Volkswagen of America, Inc., on Monday announced the world debut of an all-new Passat, a transformational car in Volkswagen's ambitious growth plan for the U.S. market at the 2011 North America International Auto Show (NAIAS). Designed in Germany and manufactured in America, the ...

China's Automaker BYD Presents Green Vision in U.S.

China's auto maker BYD Co., Ltd. presented its "Three Green Dreams" strategy on Monday at the 2011 North America International Auto Show (NAIAS). BYD's "Three Green Dreams" focuses on renewable energy generation, environmentally-friendly energy storage, efficient energy ...

PetroChina,INEOS Announce Plans for New Trading and Refining Joint Venture in Europe

PetroChina Company Limited, China's largest oil producer, announced on Monday that its subsidiary has entered into a framework agreement with subsidiaries of INEOS Group Holdings plc for a new trading and refining joint venture in Europe. The agreement was signed between ...

China's Shandong Airlines to Buy 15 Jets from Boeing

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

Chinese Internet Firms Form Association to Protect Online Game Copyrights

Chinese Internet game firms announced on Saturday the founding of an association for the protection of online game copyrights. Launched with guidance from China's General Administration of Press and Publication (GAPP), the China Online Game Copyright Protection Union seeks to ...

Volkswagen in Talks to Develop New 'Local' Car

Volkswagen AG, the second-largest foreign automaker in China, is in talks with its local partners to develop a new car, specifically for Chinese consumers. The move comes as the company looks to find more potential in new segments of the world's biggest automobile market, said ...

Minmetals Reports 123 pct Jump in 2010 Profits

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 U.S. dollars) last year, the company's president Zhou Zhongshu said, attributing the profit growth to ...

Chinese Bank Opens First Subsidiary in France

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 of the ...

CNOOC Taking Giant Steps

The headquarters of CNOOC in Beijing. The company plans to invest between 800 billion yuan and 1 trillion yuan during the 12th Five-Year Plan (2011-2015). [Photo: Bloomberg] For Fu Chengyu, the helmsman of China's largest offshore oil conglomerate, it's never been an easy job to ...

IBM, Apple Profit, Revenue Beat Expectations

International Business Machines Corp. and Apple Inc. posted quarter profit reports on Tuesday, both beating the Wall Street's estimates, showing an upbeat profit season for U.S. IT companies. IBM, the world's largest computer-service provider, reported that the profit for the ...

Hutchison Whampoa to Spin off, List Part Port Sssets in Singapore

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 Whampoa, has made ...

China Railway Awarded Fiji's Road, Bridge Projects

Fiji's Prime Minister Commodore Voreqe Bainimarama on Tuesday officiated at the ground breaking of Chinese-constructed road and bridge projects at Wainibuka in Tailevu Province. China Railway First Group has been awarded the contract. The ground breaking celebration is for the ...

Chinese Companies Ready for Canadian Investment

Nearly eight percent of Chinese companies are intending to invest in Canada within the next three years, according to a survey released Monday, with about half of those polled expressing an interest in the North American manufacturing sector. In the report "China Goes Global 2011...

Steve Jobs to Take another Medical Leave

Steve Jobs, Apple Inc's chief executive officer (CEO), on Monday announced that he is taking another medical leave, raising new concerns about the company's future. "At my request, the board of directors has granted me a medical leave of absence so I can focus on my health," Jobs ...

China's SOEs Post 40% Rise in Profits Last Year

China's state-owned enterprises (SOEs) saw profits increase 37.9 percent year on year to 1.99 trillion yuan (301.5 billion U.S. dollars) last year, the Ministry of Finance (MOF) said on Monday. Business revenue reached 30.33 trillion yuan, up 31.1 percent from a year ago. Both ...
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China offers inspirations to global dilemmas
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Bill Gates talks nuclear
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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 ...

world

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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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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
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industry

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 ...

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sports

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 ...
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