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China Leads Global IPOs

China will continue to lead the global initial public offering (IPO) market in terms of the funds raised and the number of deals, international accounting firm Ernst & Young said in a report on Tuesday. Mainland companies dominated the global IPO market by raising $188 billion in ...

China's Industrial Value-added Output up 17.6% in 1H

China's industrial value-added output was up 17.6 percent in the first half of the year from a year earlier, the National Bureau of Statistics (NBS) said Thursday. The half-year figure was 10.6 percentage points higher than that of the same period last year, said NBS spokesman ...

China Fixed-asset Investment up 25% in First Half Year

China's fixed-asset investment in the first six months rose 25.0 percent year on year to 11.4187 trillion yuan (1.67 trillion U.S. dollars), the National Bureau of Statistics (NBS) announced Thursday. Urban fixed-asset investment rose to 9.80 trillion yuan in the first six months...

Great Wall Motor to Expand its Overseas Market

China' s Great Wall Motor Company Limited will expand its overseas markets, especially in Russia, the Middle East and East Asia, its spokesman announced Thursday during the 7th Changchun International Auto Expo being held in northeast China' s Jilin Province. Increasing exports ...

Shanghai Port Container Throughput up 19% in 1H

Shanghai port reported an 18.8-percent year-on-year rise in container throughput in the first half amid strong economic recovery and booming trade. The country's largest port handled a record 13.86 million twenty-foot equivalent units (TEU) containers, the Shanghai border ...

Daimler in Truck Deal with Foton

German commercial vehicle maker Daimler AG on Friday said it will make heavy trucks in China through a joint venture with Beiqi Foton Motor to further expand its presence in Asia and the mainland. The 50-50 joint venture has been set up with total investment of 6.35 billion yuan ...

Chinese Steel Mill's Investment to Boost Sierra Leone Economy

Sierra Leone Mineral Resources Minister Alpha Kanu on Friday welcomed a 1.5-billion-dollar investment in a major iron ore mine in the country, saying that it will boost the local economy and create thousands of jobs. The Shandong Iron and Steel Group Co., Ltd. of China has signed ...

Shanghai Expo Providing Platform for Business Success

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China's Investment Environment Improving, Not Worsening

While China strives to create a more open and fair business environment, the country also wants business to embrace environmental-friendly policies. The move, aimed at a sustainable growth, should not be interpreted as worsening the investment conditions, analysts note. ...

China's Sinopec Reports 16.74% Rise in Refining in H1

China Petroleum and Chemical Corp. (Sinopec), the nation's largest oil refiner, said Tuesday that it processed 101.45 million tonnes of crude oil in the first half of 2010, up 16.74 percent year on year due to strong growth of the Chinese economy. The company, also a leading oil ...

Chinese Auto Makers Eye Growing Russian Market

Chinese auto manufacturers are eyeing opportunities in Russia as that country witnesses a recovery in its domestic auto market, an industry insider said Tuesday at a major auto show in northeast China. Fu Jianguang, district manager of the Great Wall Motor Company Limited, said ...

China's Capital Airports Reports Passengers up 17% in H1

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209 Enterprises Participate in Guangdong, Macao Branded Products Fair

The Guangdong and Macao Branded Products Fair 2010 was unveiled here on Thursday, with a total of 209 participating enterprises from the two places. Co-organized by the IPIM and the Department of Foreign Trade and Economic Cooperation (DFTEC) of Guangdong Province, the four- day ...

Qinghai to Up Lithium Output

Qinghai province in Northwest China plans to increase lithium output by nearly five times as demand for electric vehicles powered by lithium cells surges, a top local official said on Thursday. The province has the largest reserves of lithium in China and accounts for nearly 90 ...

Nissan China to Recall 421 Imported Civilian Buses

Nissan (China) Investment Co., Ltd. has decided it will start on Aug. 9 to recall 421 imported Civilian passenger buses sold on the Chinese mainland, China's quality watchdog said Friday. Those imported Civilian buses sold on the Chinese mainland were made between March 1, 2004 ...

China Orders Ports to Enhance Safety After Dalian Pipeline Accident

Chinese ports must strengthen safety measures, the Ministry of Transport said Friday, one week after two oil pipelines in northeast China's Dalian Xingang Port exploded and spewed oil into the Yellow Sea. Ports must perform checks and remove safety hazards ahead of the loading, ...

China Meets National Target of Closing Outdated Coal-fueled Power Stations

The Chinese government has met its annual target to close outdated coal-fueled power generating capacity of 10 million kilowatts this month, an energy official said Sunday. A total of 468 generators with generating capacity of 10.71 million kilowatts have been closed by July 15, ...

China National Gold Group 1st-half Profit up 3 fold

China's largest gold producer said on Tuesday its operating profits rose by three fold to 1.55 billion yuan (228.09 million U.S. dollars) in the first six months this year. China National Gold Group Corp. said in a statement that its first-half revenue grew by 98 percent from a ...

Foxconn Looks to Open IT Chainstores in Central China

The world's leading IT contractor Foxconn is talking with the government of Henan Province in central China about opening some 2,000 chainstores, an attempt to diversify its business mode. Officers of Foxconn Technology Group based in Guangdong Province have been negotiating with ...

China's Industrial Profit up 71.8% in 1H

Profits at Chinese industrial enterprises in 24 regions climbed 71.8 percent year on year to 1.61 trillion yuan (237.5 billion U.S. dollars) in the first six months, the National Bureau of Statistics (NBS) said Wednesday. The growth rate was 11.2 percentage points lower than that ...
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