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Huawei Seeks to Enlarge Indian Market Share

Huawei Technologies Co Ltd, China's top telecom gear maker, aims to invest more than $2 billion in India over the next five years. The company will build a new research and development park in India's southern city of Bangalore and increase the number of engineers engaged in ...

Fisker Automotive to Sell Electric Cars in China

The California-based premium electric vehicle manufacturer Fisker Automotive is ready to sell its environment-friendly low carbon-emission cars in China next fall, the company announced on Wednesday. Executives from the Fisker Automotive and China Grand Auto(CGA) formalized the ...

UK's Centrica to buy Suncor natural gas assets in Alberta

The UK's Centrica said Thursday it had agreed with Suncor Energy to buy the Canadian company's natural gas assets in the Wildcat Hills region of Alberta for C$375 million ($357 million). The acquisition will be made through Centrica subsidiary Direct Energy,whose gas reserves ...

China's Shipping Company Taps into Turkish Market

China Ocean Shipping (Group) Company (COSCO), China's largest shipping group, has been strengthening its foothold in Turkey since entering the market in 1996. COSCO, which owns and controls over 800 modern merchant vessels with an annual carrying capacity of 400 million tons, ...

China Automaker JAC to Export 620,000 Cars to Brazil in Next 10 Years

Chinese carmaker Jianghuai Automobile Co., Ltd. (JAC) started shipping the first batch of 500 cars to Brazil on Tuesday. It signed a deal in August to export 620,000 ethanol-powered cars to Brazil in the next ten years. In a statement on Wednesday, the company said it will send ...

Paypal to Set up E-Commerce Hub in SW China

China will see a further expansion of exports as the online payment service provider Paypal is to set up an international e-commerce hub in southwest China's Chongqing Municipality, Chinanews.com.cn reports. Paypal, a subsidiary of the US-based online marketplace operator, eBay ...

6 Taiwan Banks Approved to Open Mainland Branches

The Chinese mainland has approved the applications of six Taiwan-based banks to open branches on the mainland, a mainland spokesman said Wednesday. The mainland has also given approval for four other Taiwan banks to establish representative offices on the mainland, Yang Yi, the ...

Wal-Mart Invests in China E-commerce Retailer

US chain Wal-Mart has invested in Chinese e-commerce consumer electronics seller 360buy.com as the world's largest retailer steps up its presence in China, a report said Tuesday. According to the Financial Times, Wal-Mart has teamed up with another five investors to inject 500 ...

Central SOEs to Earn 1 Trillion Yuan in 2010

China's central state-owned enterprises' (SOEs) annual profit in 2010 is estimated to exceed 1 trillion yuan (150 billion US dollars), Xinhua New Agency reports. China's SOEs had acquired a net profit of more than 800 billion yuan in the first 11 months of 2010, experiencing an ...

Amazon Says New Kindle Its Best Seller

Amazon.com Inc. said on Monday that its latest third-generation e-book reader Kindle had become the bestselling product in the online retail giant's history. Amazon said in a press release that sales of the new Kindle had surpassed sales of "Harry Potter and the Deathly Hallows ...

Chinese Mainland, Taiwan Airlines Expand Co-op

Chinese mainland-based Xiamen Airlines and Taiwan-based Mandarin Airlines announced Monday that they would begin sharing flight codes on two cross-Strait flight routes in a move to assist those people flying between southeastern Fujian's Xiamen City and the island's Taipei and ...

Major Chinese Industrial Enterprises' Profits up 49.4% on-year

The profits of major Chinese industrial enterprises in the first 11 months of the year grew 49.4 percent year on year to 3.88 trillion yuan (588.2 billion U.S. dollars), the National Bureau of Statistics (NBS) said Monday. The enterprises' core business revenue rose 31.8 percent ...

China Erects World's Largest Foaming Agent Plant

China has completed construction of a factory capable of producing 100,000 tonnes of foaming agent annually in Qaidam Basin of Qinghai Province. Such foaming agent is said to be widely used in the energy saving in architecture, shoe-making, automotive and food processing ...

China's Shandong Airlines Plans to Buy 15 Jets Worth 1.2 Bln USD

China's Shandong Airlines has announced that it plans to purchase 15 Boeing 737-800 passenger jets as the country's air travel market grows. Worth up to 1.2 billion U.S. dollars, the planes will be delivered between 2014 and 2015, a company statement posted on the Shenzhen Stock ...

BOC Signs Co-op Agreements with 2 Taiwan Banks

Bank of China (BOC), China's fourth largest lender by assets, announced Friday that it had signed comprehensive cooperation agreements with with two Taiwan-based commercial banks. This is the first time for a mainland bank to sign such agreements with its Taiwan counterparts. BOC ...

SAIC Group to Triple Capacity in E China City

Shanghai Automotive Industry Corp. (Group), China's largest carmaker, agreed on Friday to more than triple its annual production at its subsidiary in the eastern city of Nanjing to 1 million units within five years. SAIC Group, a partner of Volkswagen AG and General Motors, ...

GM Recalls About 109,000 Vehicles on Passenger Airbag Concerns

General Motors (GM) on Thursday announced that it is recalling about 109,000 vehicles due to concerns of the passenger air bag failing to deploy. The company said in a statement that the recalling covers Cadillac CTS models from the 2005-2007 model years, adding that there are no ...

Rio Tinto's Pilbara Expansion Wins Approval

Australia's mining giant Rio Tinto Ltd has won the approval from the Western Australian (WA) government for its multi-billion dollar iron ore expansion in the state's Pilbara region, WA Premier Colin Barnett said on Thursday. The 3.9 billion Australian dollars (3.9 billion U.S. ...

Shanghai, Silicon Valley Banks to Form Venture

The Shanghai Pudong Development Bank and The Silicon Valley Bank in the US now plan to set up a joint bank in China that will be designed to serve small and medium-size technology companies. The Shanghai Pudong Development says Silicon Valley Bank plans to invest as much as 500 ...

Facebook Founder Meets Sina Chief

Facebook founder Mark Zuckerberg has now visited Sina's Beijing offices, as the billionaire executive continues his tour of China's biggest Internet companies. Zuckerberg is said to have had an "information exchange on the Chinese Internet market" with Sina Chief Executive ...
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Bill Gates talks nuclear
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China slams Japan's NHK governor's denial of Nanjing massacre
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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
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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
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Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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Chinese leader calls for more marine power
Chinese leader calls for more marine power
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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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