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Air China Rises on Upbeat Earnings Guidance for 2009

The share price of Air China, China's largest air carrier, closed up at midday Wednesday in Shanghai against widespread losses across the board, after the company announced an expected return to profit in 2009. The company's stock price edged up 1.26 percent to end at 11.22 yuan ...

China's Industrial Value-added Increases 11% in 2009

China's value-added of industry rose 11 percent in 2009 from a year earlier, but the growth rate was 1.9 percentage points lower than 2008, the National Bureau of Statistics (NBS) said Thursday. Compared with the corresponding period of 2008, growth of quarterly value-added ...

China's Poly Real Estate 2009 Profit Surges 50% on Property Boom

Poly Real Estate Group Co., Ltd, China's leading property developer, estimated on Sunday its profit shot up around 50 percent in 2009 boosted by strong sales and rocketing property prices. The profit was expected to total 2.24 billion yuan (329 million U.S. dollars), the Shanghai...

China's Haier Benefits From China-ASEAN FTA

From panel spraying, frame welding to fittings assembly, these are the workshops of a factory of China's electronic giant Haier in Thailand. The products were so familiar, and so was the scene of lots of identical, nearly- finished refrigerators queuing on the assembly lines. ...

China's Outbound Tours to Top 51 mln in 2010

China's outbound tours in 2010 were expected to top 51 million, up seven percent year on year, said Shao Qiwei, director of China's National Tourism Administration (NTA), on Monday. The 2010 World Expo to be held in Shanghai would attract 3.5 million overseas visitors to the city...

Taobao Turnover to Hit 200 Billion Yuan for 2009

Taobao's gross turnover in 2009 is expected to exceed 200 billion yuan ($ 29.3 billion), and an executive committee is to be established to push for the success of the 'Big Taobao' strategy, according to a spokesperson for Alibaba Group on Jan. 25. The parent company also expects ...

UK Luxury Car Brand Opens up Huge Store in Beijing

Luxury carmaker Aston Martin launched its flagship store in Beijing Sunday evening in a push to increase its presence in the premier Asian market. The store, located at 66 Jinbao Street, Chaoyang District, is more than twice as big as Beijing's other two Aston Martin stores and ...

CRCC Shares Open Higher on Forecast of Soaring Profits in 2009

Shares of China Railway Construction Corporation (CRCC) Limited, a mega-size comprehensive building enterprise in China, opened at 8.53 yuan (1.25 U.S. dollars) per share Thursday, up 0.71 percent from a previous close. The bonanza emerged after CRCC Thursday forecast a 50 ...

China's Tibet Tianlu Forecasts Profits to Jump 850% in 2009

Tibet Tianlu Co., Ltd, a major road builder in southwest China's Tibet Autonomous Region, Friday forecast its 2009 net profits would jump 850 percent from a year earlier. In a statement filed to the Shanghai Stock Exchange, Tibet Tianlu gave no exact figure of its net profits in ...

China Extends Anti-dumping Measures on Phenol

The Chinese mainland announced Sunday it would extend anti-dumping measures by five years on imports of phenol from Japan, the Republic of Korea, the United States and Taiwan. The Ministry of Commerce (MOC) said in a statement posted on its website that it decided to review the ...

China Eastern to Launch New Air Service Between Kunming, Dubai

China Eastern Airlines will launch new air service from the southwestern Chinese city of Kunming, the capital of Yunnan Province, to Dubai on Feb. 22, the company said Saturday. China Eastern will operate three flights a week, including a direct one, between the two cities, a ...

China's Foreign Trade of Electronic Information Products Down in 2009

China's foreign trade in electronic information products fell 12.8 percent last year, the first annual decline since 2000, the Ministry of Industry and Information Technology (MIIT) announced Wednesday. The combined import and export value stood at 771.9 billion U.S. dollars last ...

China's Green Energy Company to Become China's First World Cup Global Sponsor

China's Yingli Green Energy Holding Company Ltd. announced Wednesday that the company would be the global sponsor of the 2010 International Federation of Association Football (FIFA) World Cup held in South Africa. Yingli, a solar energy company located in Baoding, north China's ...

Lenovo Reports 80 mln USD Quarterly Profit on Strong Sales

Lenovo Group., the world's fourth largest personal computer manufacturer, posted a net profit of 80 million U.S. dollars in its third fiscal quarter from Oct. 1 to Dec. 31, compared with a 97 million loss in the same period of 2008. The company attributed the growth to strong ...

China Minmetals' 2009 Profit Dives 56% on Lower Demand, Weaker Metal Prices

China Minmetals Corporation's 2009 profit fell 55.6 percent year-on-year to 3.15 billion yuan (462 million U.S. dollars) on weaker foreign demand and lower metal prices, the state-owned company said Thursday. The Beijing-based metal and minerals trader's revenue declined 7.9 ...

GE China Capitalizes on Environmentally-efficient Products

According to GE China President and Chief Executive Officer Mark Norbom, China is in the process of evolving from a low-quality product manufacturing center into a high-quality one, in which he sees vast market potential by bringing into the nation his company's environmentally...

New Free Trade Zone to Benefit China

China's top brands could be on the road to becoming global household names after the launch of the 4.5 trillion U.S. dollars China-ASEAN Free Trade Area (CAFTA) market, the world's largest free trade zone, according to trade experts. Despite the country being an economic ...

China First Heavy Industries Breaks IPO Price

China First Heavy Industries (CFHI), a leading heavy industry manufacturer, opened at 5.48 yuan (0.8 U.S. dollar) per share for its debut at the Shanghai Stock Exchange, breaking its initial public offering (IPO) price. The northeastern Heilongjiang-based firm set its IPO price ...

China Issues First National Census of Pollution Sources

China on Tuesday issued its first national census of pollution sources, with datas showing that the country's wastewater discharge totalled more than 209 billion tonnes while waste gas emissions topped 63.7 trillion cubic meters in 2007. The result was announced at a press ...

China's Foreign Trade up 44.4% in Jan

China's foreign trade posted a 44.4 percent growth in January 2010 year on year, the General Administration of Customs (GAC) announced Wednesday. Exports in January stood at 109.47 billion U.S. dollars, up 21 percent from a year earlier, while imports rose 85.5 percent to 95.31 ...
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