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Chinese Ministry Announces Terms of Entry to Magnesium Industry

Chinese Ministry of Industry and Information Technology (MIIT) on Thursday published strict conditions for companies wanting to enter the magnesium industry, setting requirements on the layout, production capacity and environmental protection for the industry. The move was to ...

Chinese Vehicle Maker BYD to Inaugurate Electric Buses in Denmark

China's electric vehicle maker BYD Automobile Co Ltd is set to trial a full-size, all-electric bus in the Danish capital Copenhagen, according to a news release issued by Denmark's biggest public transport operator Movia and Denmark's Ministry of Foreign affairs. Designed and ...

China's Retail Sales up 15.8% in 1st Two Months

China's retail sales rose 15.8 percent year on year to 2.9018 trillion yuan (441.67 billion U.S. dollars) in the first two months of this year, the National Bureau of Statistics (NBS) announced. Despite a spending spree during the traditional Chinese Lunar New Year holiday, the ...

Hong Kong GNP Rises 7.2% in 2010

The Census and Statistics Department of Hong Kong announced on Monday the city's Gross National Product (GNP) rose 7.2 percent year-on-year to 1,784.7 billion HK dollars at current market prices. After netting out the effect of price changes, Hong Kong's GNP climbed 6.2 percent ...

Entrepreneurs of Chinese Province, Myanmar Hold Business Meeting in Yangon

A business meeting of visiting entrepreneurs of China's Anhui province and Myanmar's was held at the Sedona Hotel here Monday to seek business cooperation between the Chinese province and Myanmar. Sponsored by the Bureau of Commerce of Anhui Province of China and co-organized by ...

China E-commerce Giant Launches Campaign to Fight Online Piracy

Taobao.com, China's leading B2C (business-to-consumer) website, announced on Monday that it will launch a major campaign to stop online piracy and counterfeiting. The move comes after the site was labeled as a "notorious market" by selling products that violate intellectual ...

China to Launch Three-year Project to Make Ballpoint Pens

China is set to launch a three-year project to develop its own core technologies in ballpoint pen making, which currently relies heavily on foreign technologies, said a statement from the Ministry of Science and Technology Wednesday. With a fund of 60 million yuan (about 9.1 ...

China's GD Midea 2010 Net Profit up 69.24%

China's major home appliance maker GD Midea Holding Co., Ltd., posted a 69.24 percent year-on-year net profit jump in 2010. In its annual business report filed to the Shenzhen Stock Exchange Thursday, the company said its net profit hit 3.13 billion yuan (about 476 million U.S. ...

Hong Kong Sees Lowest Unemployment Rate in Over Two Years

Hong Kong's seasonally adjusted unemployment rate fell to 3.6 percent in December-February quarter, the lowest level since July-September 2008, the official data released showed. The Census & Statistics Department said the unemployment rate decreased by 0.2 percentage point over ...

China's Leading Liquor Producer Kweichow Moutai Net profit up 17.13 Pct

Renowned Chinese liquor producer Kweichow Moutai Co., Ltd. announced Monday its annual net profit in 2010 rose 17.13 percent year on year on strong market demand. Its net profit hit 5.05 billion yuan (769.17 million U.S. dollars), the Guizhou-based firm said in its 2010 annual ...

China UnionPay Expands Bankcard Business in Taiwan

China UnionPay Co. Ltd. (CUP), a bankcard services provider, said Tuesday it has reached an agreement with Taiwan-based Chinatrust Commercial Bank (CTCB) that further expands the acceptance of CUP bankcards by merchants in Taiwan. CUP cards will be accepted by 10,000 point-of...

China WindPower Proposes Issue of RMB Bonds

China WindPower Group Limited, an investment holding company mainly engaged in wind power business and industry, said on Tuesday that it has proposed to conduct an international offering of RMB-denominated guaranteed bonds, targeting certain qualified institutional investors in ...

China Oilfield 2010 Net Profit Rises 31.7% as Exploration Expands

China Oilfield Services Limited (COSL), a leading integrated oilfield services provider, posted a 31.7 percent year-on-year net profit increase as its exploration business expands. Its net profit hit 4.13 billion yuan (629 million U.S. dollars), COSL said in its 2010 annual ...

Zhongjin Gold 2010 Profit Doubles on Higher Gold Prices

Zhongjin Gold Corp., China's second-largest bullion producer by market value, said Wednesday its profits more than doubled last year due to higher prices for non-ferrous metals. Net profits climbed to 1.13 billion yuan (171.21 million U.S. dollars) from 521.43 million yuan in ...

China's Top Air-conditioner Maker Gree Electric Net Profit up 46.76%

Gree Electric Appliances, China's largest maker of home air-conditioners, reported Thursday its 2010 net profit soared 46.76 percent year on year. The company's net profit hit 4.28 billion yuan (651.82 million U.S. dollars), the Guangdong-based firm said in its annual business ...

China to Speed up Shale Gas Development: Official

China aims to make major technological breakthroughs in developing shale gas to optimize the nation' s energy structure, the nation's top energy official said on Thursday. The National Energy Administration (NEA) is studying a policy of setting up pilot exploration areas and ...

China's Mobile Phone Users Top 878.83 Mln in February

ore and more Chinese are disconnecting fixed-line telephones and turning to mobile phones for communication, according to statistics released by the Ministry of Industry and Information Technology (MIIT) on Friday. China's mobile phone operators added 19.83 million new subscriber...

Chinese Industrial Firms' Profits up 34.3% in First Two Months

Profits for China's biggest industrial companies rose 34.3 percent year to year to reach 645.5 billion yuan (about 97.8 billion U.S. dollars) in the first two months this year, the National Bureau of Statistics (NBS) said. The combined revenues of these industrial companies ...

China Shenhua Says Net Profits up 23 Pct Last Year

China Shenhua Energy Co. Ltd., China's largest coal producer, said that its net profits reached 37.19 billion yuan (about 5.63 billion U.S. dollars) in 2010, up 22.8 percent from the previous year. The Shanghai-listed company said in its annual business report that revenues last ...

China's Chain Stores Sales up 21.2 Pct in 2010

China's top one-hundred chain store operators saw sales volume hit 1.66 trillion yuan (253 billion U.S. dollars) in 2010, up 21.2 percent year on year, said a report on Monday. The 2010 growth rate rose 7.7 percentage points from the previous year, according to a report published ...
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