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Sojitz forms alliance with Jiangsu Shagang as steel demand grows

TOKYO - Japan's Sojitz Corp said it teamed up with Jiangsu Shagang Group Co, China's largest privately owned steelmaker, as demand increases in the world's biggest market for the alloy. The alliance will cover supplies of iron ore and factory equipment, Kenji Asano, general ...

ChemChina buys control of Israeli agri-chemicals maker

China National Chemical Corp (ChemChina) offered to buy a controlling stake in Makhteshim-Agan Industries Ltd, the largest maker of generic agricultural chemicals, in a deal valuing the Israeli company at $2.4 billion, Bloomberg News reported Wednesday. ChemChina agreed to ...

CNPC's pipeline network links up with Russian crude oil line

China National Petroleum Corp's (CNPC) northeastern pipeline network has linked up with a Russian oil line, Bloomberg News reported Wednesday, citing the company's newsletter. CNPC will receive 15 million tons of Russian crude each year through the pipeline starting Jan 1, the ...

Total looks to China for business deals

PARIS - French giant oil company Total, which plans to spend more next year to bolster its market share, is looking to China to improve businesses in Asia, a local daily reported on Tuesday. "We are willing to participate in the construction of a refinery in China. We seek to ...

China completes main parts for 1st homegrown large passenger jet

XI'AN - An aviation company in Northwest China's Shaanxi province Tuesday finished producing the wings, wing flaps and other components to be used in China's first homegrown large passenger jet, the C919. Xi'an Aircraft International Corporation (XAIC), a subsidiary of China ...

Gold miner apologizes for fatal dam breach

HONG KONG - China's largest gold miner Zijin Mining has expressed "deep sorrow and regret" and decided to donate 50 million yuan ($7.5 million) regarding the casualties and loss of property following a dam overflow in September when a typhoon hit southern Guangdong province, the ...

A golden handshake for China's biofuel

BEIJING - Friendly policies for overseas investors to invest in China's biofuel sector have influenced partnerships between domestic and foreign companies to develop the alternative to fossil fuel. Green Biologics (GBL), a British biotech company, has signed deals with two ...

Wal-Mart to invset in China B2C website

The US-based retailer Wal-Mart Stores Inc and five other companies have agreed to invest more than $500 million in 360buy.com, China's biggest business-to-customer (B2C) website, the Chinese company said, The New York Times reported Monday. Richard Liu, 360buy.com's chairman and ...

Chinese mainland, Taiwan airlines expand cooperation

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

China completes world's largest foaming agent factory

XINING - China has completed construction of a factory capable of producing 100,000 tons 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 ...

Agria and New Hope look to pastures new

WELLINGTON, New Zealand - PGG Wrightson Ltd shares rose the most in 14 months after a Chinese company bid to take partial control of New Zealand's largest agricultural services company. Zhongshan-based Agria Corp and New Hope Group, a Chinese agriculture and food group, offered ...

Yinfu Gold to sell shares in Hong Kong

BEIJING - Yinfu Gold Corp, a Chinese gold exploration and mining company, plans to sell shares in Hong Kong to fund acquisitions and investments on the Chinese mainland and in Southeast Asia. Yinfu will sell the shares in the second half of 2011 after completing its transfer to ...

Wuxi Weifu plans more expansion

BEIJING - Wuxi Weifu High-Technology Group Co Ltd, China's leading provider of diesel-injection systems with a 50 percent market share, plans an aggressive expansion through financing from a private placement of new shares to its two major shareholders. The issue of 112.9 million ...

China CNR says $406m in contracts to build trains

SHANGHAI - China CNR Corp Ltd, one of the country's largest train makers, said on Thursday it has won 2.7 billion yuan ($406.3 million) in contracts to build subway trains and other types of vehicles, Reuters reported Friday. The company said in a filing to the Shanghai Stock ...

B2C website 360buy.com gets fund injection

BEIJING - 360buy.com, China's biggest business-to-customer (B2C) website, says it has received more than $500 million in a new round of funding and it expects up to 26 billion yuan ($3.9 billion) in sales next year. Richard Liu, 360buy.com's chairman and chief executive officer, ...

SouFun plans to buy former AIG building in US

SouFun Holdings Ltd, a Beijing-based operator of home-furnishings websites, agreed to buy a Lower Manhattan building once owned by American International Group Inc for $46 million, Bloomberg News reported Friday. SouFun plans to purchase 72 Wall St, which once served as AIG's ...

Shandong Air to buy 15 Boeing aircraft worth $1.2b

SHANGHAI - China's Shandong Airlines Co Ltd plans to buy 15 Boeing Co B737-800 aircraft worth up to $1.2 billion, Reuters reported Friday. According to a company statement, the purchases will be funded by business revenue and bank loans, with the aircraft to be delivered between ...

Bharat Forge expects China venture to post annual profit

Bharat Forge Ltd, India's biggest automotive forgings maker, expects its China venture to post an annual profit for the first time since it began four years ago, Bloomberg News reported Thursday. "The Chinese joint venture has turned around completely," Amit Kalyani, executive ...

China Merchants looks overseas after 'stellar' trade jump

China Merchants Group, the investor in ports moving about a third of the nation's containers, will seek more overseas projects as local trade growth slows from this year's "stellar" pace, Bloomberg News reported Thursday. The company is looking at building ports and investing in ...

Zoomlion rises in HK debut as construction increases profit

Changsha Zoomlion Heavy Industry Science & Technology Development Co rose on its Hong Kong trading debut on speculation China's economic growth will stoke demand for bulldozers, cranes and excavators, Bloomberg News reported Thursday. The country's second-biggest maker of ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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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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