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Hyundai Motor Begins to Build Third China Plant

South Korean auto maker Hyundai Motor on Sunday started building its third China plant in Beijing, intended to meet rising demand after the firm's two existing Beijing plants exceeded their production capacity this year. The plant, with an investment of 6.5 billion yuan (975 ...

Anyone Today Can Look up and Harness Solar Energy: Suntech Chairman

"The cost of the technology was reduced dramatically in the past ten years, and that makes it possible for us to benefit more people with a sustainable and clean solution,"Zhengrong Shi, the founder and chairman of Suntech Power Holdings Co. Ltd, a leading solar energy company ...

CNMC Kicks off Production at Copper Mine in Zambia

Non-Ferrous China Africa (NFCA) of China Non-Ferrous Metals Mining Corporation (CNMC) on Saturday commenced production of its 1 million ton Chambishi Copper Mine West Orebody project. Zambian President Rupiah Banda officiated the commissioning ceremony and commended the owners of ...

Baidu Pledge Signals Crackdown on Copyright Thieves

Chinese netizens enjoying free online reading might soon be paying for literary works as two pillars of China's Internet world appear to make up in a row over piracy. On-line publisher Shanda Literature Corporation (SDL) is hoping that a pledge by search giant Baidu to resolve ...

Apple Makes Big Land Purchase to Expand Headquarters

Rapidly growing Apple Inc. has bought 98 acres of land in Cupertino, nearly doubling the size of its headquarters in the city in U.S. state of California, U.S. media reported on Friday. Apple bought the land from another Silicon Valley giant Hewlett- Packard Co. (HP), which is ...

Hungary's OTP Bank, China Union Pay Sign ATM Access Agreement

Hungary's OTP Bank and China's bank card organization, China Union Pay, signed an agreement on ATM access on Friday. The agreement will enable Chinese bank card holders to withdraw cash at OTP's automated teller machines and make purchases at shops equipped with OTP's point of ...

Factories in China's most Polluted City Make way for Cleaner Air

Zhu Yuzu, manager of a privately owned brick factory in northwest China's Gansu Province, will have a long winter vacation starting on Thursday. His factory, in the capital city of Lanzhou, Gaolan Yellow River Brick, will suspend production till the end of March 2011. Zhu's ...

HK's Largest Mobile Operator Launches upgraded Network

Hong Kong's largest mobile network operator CSL Limited announced on Thursday the launch of an upgraded network, implementing the advanced 4G technology, which could bring considerable increases in capacity and speed of the network for mobile phone users. The new LTE/DC-HSPA+ ...

China Mobile Signs Agreement with SPDB on Mobile Finance Cooperation

China Mobile, the world's largest mobile carrier, said on Thursday that it had signed an agreement of cooperation with the Shanghai Pudong Development Bank (SPDB) in areas of mobile finance and mobile e-commerce. The two companies will also cooperate in mobile phone on-site and ...

GM, Isuzu Recalling 192,676 Pickups

More than 192,000 General Motors and Isuzu compact pickup trucks are being recalled due to a problem with child-seat anchor system which doesn't comply with federal safety standards, according to the National Highway Traffic Safety Administration. The recall affects Chevrolet ...

China's Emission Control Efforts Bring Business Opportunities

Li Zongwei, chief financial officer of a solar energy company, was passionate while talking about the company's plan. "We are planning to expand our production capacity of over 700 megawatt (MW) per year by 2011, with 600 MW at our headquarters and 100 MW at another base in ...

Volvo Recalls Cars in Singapore

Volvo is recalling 300 of its S40, V50 and C30 cars of Model Year 2009-2011 in Singapore, local media reported on Wednesday. Local distributor Wearnes Automotive said in a letter to affected local customers that recent investigations have identified that the engine RPM may ...

Apple Releases Latest Mobile Operating System

Apple Inc. on Monday released iOS 4.2, the latest version of its mobile operating system, in an effort to boost the sales of the company's mobile devices in the upcoming holiday shopping season. The new software is now available for download to iPad, iPhone and iPod Touch by ...

Refiners to Raise Diesel Imports

China's two main refiners are boosting diesel imports to help solve a shortfall across the nation. Sinopec Corp plans to import at least another 200,000 tons of diesel after buying 80,000 tons earlier this month, according to a company newsletter. PetroChina Co has also ordered ...

Federal Judge Rejects Toyota's Most Motions on Loss Claims

A federal judge on Friday rejected most of Toyota's efforts to limit who can sue the company for economic loss due to alleged sudden-acceleration problems with its cars. Most of Toyota's motions to dismiss claims for economic loss by car owners cannot be accepted, said U.S. ...

Volkswagen Plans to Invest 51.6 Bln Euros in Next 5 Years

Volkswagen AG (VW), Europe's largest carmaker, said on Friday that it planned to invest 51.6 billion euros (71 billion U.S. dollars) in its automotive division between 2011 and 2015 as part of its bid to surpass Toyota Motor Corp. as the world's largest carmaker. Volkswagen ...

Europe: Russia to export over 15 mil mt/yr of coal to China over 25 years

p>Beijing and Moscow have agreed on supplies of at least 15 million mt/year of Russian coal to China over the next 25 years, with Beijing to provide Moscow with a $6 billion loan to finance development of coal projects, Russia's energy ministry said late Tuesday. The announcement ...

China Mobile to Smartphone into Other Industries

Rewritten by Tom McGregor China Mobile intends to expand beyond telephones to satisfy consumers' everyday needs, from purchasing vehicles to furniture, the corporation's CEO announced, as reported by PC World. Li Yue, China Mobile CEO said at the GSMA Mobile Asia Congress in Hong ...

Sina, MSN China Said to Tie up

Sina, China's largest news portal, is reported to have entered into a strategic partnership with MSN China, according to the Economic Observer. The collaboration between Sina and Windows Live Messenger, Microsoft's instant messaging service, will include Sina's Twitter-like ...

Boeing Projects 480 bln USD Growth in Chinese Market

The Boeing Company forecast Tuesday China will require 4,330 new commercial airplanes valued at 480 billion U.S. dollars over the next 20 years. Boeing made the forecast in a report released here, estimating China will triple its airplane fleet size over the period to make it the ...
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