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Chinese-funded Wholesale Market Opens in Moscow

A wholesale market jointly funded by China and Russia and selling Chinese goods opened Thursday near the Moscow Ring Road. Named "Russian Home", the market will trade in goods such as shoes, auto parts and clothes. Different from the Cherkizovsky Market that was shut down last ...

Online Food Sales on the Up

With growing sales online, food may well be the next hot commodity in China's e-commerce market. Online food sales are experiencing a boom as the Mid-Autumn Festival, when eating mooncakes is a traditional practice, draws near, and as growing numbers of Chinese companies enter ...

Three Overseas Chinese Companies Join Hands to Compete in Global Market

Three overseas Chinese companies joined hands Friday in Chicago, dedicated to working closely together to bring high quality health products and achieve success in the increasingly competitive global market. Three established overseas Chinese companies Suncast TV, Winalite ...

China Seeks to Play Green with Black Energy

For China, coal has been both an economic driver and a source of pollution. However, the world's fastest growing economy will continue to rely upon coal in upcoming decades to fuel its economic growth; the difference is that it is also striving to do so in a greener fashion to ...

China's Electricity Consumption up 14.7% in August

China's power consumption in August reached 397.5 billion kilowatt-hours (kWh), up 14.69 percent year on year, the National Energy Administration (NEA) announced Tuesday. This amount was 2 percent higher than in July, according to a statement on the NEA's website. The August data ...

China's Power Generation Capacity Leaps Above 900 mln Kilowatts

China's installed power generation capacity has exceeded 900 million kilowatts Monday after a reactor with the second phase of Ling'ao Nuclear Power Plant began operation in Guangdong Province, chief of the country's top economic planner said. Zhang Ping, director of the National ...

HK First Pacific Raises $400 Million

Hong Kong-based holding firm First Pacific Co. Ltd. raised 400 million U.S. dollars in fresh capital on Wednesday to refinance existing debt obligations. The 10-year bonds were backed by the company's shares in Philippine Long Distance Telephone Co. (PLDT), Philippines' largest ...

China's Software Industry Posts 30 Pct Rise in Revenue From Jan-Aug

China's software industry posted revenues of 828.6 billion yuan (123.67 billion U.S. dollars) in the first eight months of 2010, up 29.8 percent from one year earlier, the Ministry of Industry and Information Technology said Saturday. The growth rate was 8.8 percentage points ...

Brazil's Vale to List Shares on HK Exchange

Brazil's mining giant Vale will list its shares on the Hong Kong Stock Exchange, the world's leading iron ore producer announced. The decision to list its shares in Hong Kong Exchanges and Clearing (HKEx) offers direct access to the Asian capital market," the fastest growing ...

U.S. New Home Sales Unchanged in August

New home sales in the United States remained unchanged in August, the Commerce Department reported. New home sales remained at a seasonally adjusted annual rate of 288,000 units in August, unchanged from the previous month. But it was still the second slowest pace since the ...

China's Jan-Aug Industrial Profits Up 55 Pct

Industrial profits in China rose 55 percent in the first eight months of 2010 from the same period last year, the National Bureau of Statistics (NBS) said on Monday. The growth in profits marked a slowdown from the increase of 81.6percent in the first five months of the year. The ...

China's Chinalco to Invest 10 bln Yuan in Rare Earth Sector

The Aluminum Corporation of China (Chinalco), the country's top mining company, said Monday it has signed an agreement to assume a major stake in the Jiangxi Rare Earth and Rare Metals Tungsten Group (JXTC) for 10 billion yuan (1.5 billion U.S. dollars). Chinalco, keen to become ...

Chinese Vice Premier Urges Development of Nation's Auto Parts Industry

Chinese Vice Premier Zhang Dejiang has urged more efforts to develop China's auto parts industry and new energy vehicles, to increase the international competitiveness of the nation's auto sector. Auto-part producers should step up self-development of core technologies and form ...

China Expects Bumper Harvest As Autumn Reaping Begins

Chinese farmers have begun to reap crops as autumn drew to a close, and the nation is expecting a good harvest this year, China's Ministry of Agriculture (MOA) said here Tuesday in a statement on its website. The forecast is based upon higher average yields and an estimate that ...

Australia's New Home Sales Fall in 4th Straight Month in August

The sales of new homes in Australia fell by 2.6 percent to 6,887 in August, the Housing Industry Association (HIA) said in a statement on Wednesday. The fall followed a 7.1 percent drop in July and brought the decline since April to 19.7 percent. Sales in August were 20.5 percent ...

China Establishes New Automaker for "Beijing" Brand Automobiles

A new automaker, established Tuesday, plans to manufacture and sell automobiles under the brand name "Beijing", company management said Wednesday. BAIC Motor, jointly funded by Beijing Automotive Group (BAIC Group), the Beijing State-owned Assets Management Co. and four other ...

China's Vegetable Prices Up 3.8 pct During Week-long National Day Holiday

Wholesale prices of 18 types of vegetables in China's major cities rose 3.8 percent from the previous week during the week-long National holidays that started Oct. 1, the Ministry of Commerce announced Thursday. Supply of daily necessities was adequate and prices of vegetables ...

China Records 474 mln Road Trips During Week-long Holiday

China saw a record number of road trips by travelers during the week-long National Day holidays that started Oct.1, data from the Ministry of Transport (MOT) showed Thursday. Travelers logged in a total of 474 million journeys on the roads between Oct. 1 and 7, up 10.9 percent ...

Online Travel Services on the Rise

The Mid-Autumn Festival and National Day holiday this year caused problems for some employees because working days and rest days were split. However, it had little effect on sales of flights and hotel bookings as China's burgeoning travel market enjoyed a seasonal boom. The ...

China's National Day Tourism Revenue Grows to $17.48 bln

Tourism revenue in China reached 116.6 billion yuan (17.48 billion U.S. dollars) during the National Day week, an increase of 32.4 percent year on year, official data showed Friday. Scenic spots around China received a total of 254 million tourists during the seven-day break, up ...
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