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Rongshida Sanyo wins investors' interest

Shares of Hefei Rongshida Sanyo Electric Co Ltd closed up 7.94 percent Tuesday, leading the household appliance board, though it posted a no-surprising annual report on the same day, the National Business Daily reported Wednesday. Special Coverage:2009 Annual Reports of Listed ...

AES closes stock sale to CIC

Global power company AES Corp said it raised $1.58 billion by selling a portion of the company to a subsidiary of China Investment Corp (CIC). AES announced in November that it would raise the money by selling a 15 percent stake in the company. Late Monday, the company said that ...

Suning net profit soars in 2009

Suning Appliance Co Ltd, an electronics retailing giant in China, Tuesday reported that its net profit in 2009 reached 2.89 billion yuan ($423.6 million), up 33.17 percent year-on-year. Special Coverage:2009 Annual Reports of Listed Companies The company attributed the surge in ...

Zhong Jiang Real Estate '09 profit dives over 90%

Jiangxi Zhong Jiang Real Estate Co Ltd said Tuesday its net profit of 2009 slumps more than 90 percent. The company's profit fell to 14.8 million yuan ($2.2 million) in 2009, down 92.38 percent year-on-year, according to its annual report filed to the Shanghai Exchange listed. ...

Wuhan Steel raises April steel prices

China's Wuhan Iron and Steel Co has raised April prices for hot- and cold-rolled steel by 300 yuan a ton, and for galvanised steel by 200 yuan a ton, the China Securities Journal said on Tuesday. Wuhan Steel was the first to announce April prices among China's steel sector, which ...

China State Construction to issue up to $3b bills

SHANGHAI - China State Construction Engineering Corp, the country's largest homebuilder, said on Tuesday it planned to issue up to 20 billion yuan ($2.93 billion) worth of bills. The funds raised by the bills, with a maturity of no more than 10 years, would be used to supplement ...

HP apologizes for its faulty laptops

"Hewlett-Packard sincerely apologized to its customers for the inconvenience brought by its products and services," said Zhang Yongli, global vice president of HP, in a statement posted on its official website on Monday. HP began offering an extension of warranty periods for some ...

Versace, HUGO BOSS tested disqualified

Big brands such as Versace, HUGO BOSS, D&G are on a list announced by Zhejiang Administration for Industry and Commerce before World Consumers Rights Day for disappointing quality. Almost 60 percent of clothes are disqualified during a spot check of imported clothing in Zhejiang ...

China tire demand to triple global growth

Tire sales growth in China, the world's largest rubber consumer, will be three times the global rate in coming years as car ownership increases, Sumitomo Rubber Industries Ltd said. Sales will grow in China by about 10 percent a year from almost 150 million tires in 2009, making ...

China Cosco confident on container-rates rise

China Cosco Holdings Co, the nation's largest container-ship operator, expects to win a planned rate increase in new contracts as an economic rebound revives trade and shipping lines continue capacity restrictions. "I'm full of confidence" about the on-going annual contract ...

China to complete design of jumbo jet by year end

BEIJING - China would complete the draft design of its first independently-developed jumbo jet by the end of the year, said its chief designer here Friday. The home-made jumbo jet, known as the C919, is expected to be put into production next year and enter service in 2016, said ...

Polluting plant shut down

LONGCHANG, Sichuan - A polluting plant in this small county bordering Sichuan province and Chongqing municipality has been ordered to stop operation in the wake of a lead poisoning scandal, which has sickened 49 people. Zhongyi Alloy Co Ltd in Zhoujiasi village in Longchang ...

China Dongling to reopen lead/zinc plant

HONG KONG - China's Dongling Group is preparing to restart a 100,000-ton-a-year lead and zinc smelter this month, which has been shut since August last year following accusations by locals that it was a source of lead poisoning. "Yes we are working on it. But (we) don't know ...

Haier selling GE appliances in rural China

SHANGHAI - Chinese appliance maker Haier says it has joined with General Electric in selling GE appliances to rural areas, the focus of subsidies intended to boost spending by hundreds of millions of farmers. Haier, headquartered in Qingdao, Shandong province, is the world's ...

Air China hit 2-yr high on M&A hopes after fundraising

HONG KONG - Investors bid up Air China shares to a two-year high on Friday on expectations the world's largest airline by market value will use its new $950 million war chest to fund acquisitions at home and abroad. Air China announced late on Thursday that it would issue new A ...

Hebei Steel eyes more acquisitions

Hebei Iron & Steel Group is planning more mergers and acquisitions in China and abroad as part of a government drive to improve the country's mills. "We want to make further progress on mergers and acquisitions," Chairman Wang Yifang said at a press conference in Beijing Thursday...

Subway to open 500 stores across China in next 5 years

Subway, the US-based sandwich-shop chain, plans to open 500 stores in the Chinese mainland during the next five years as it tries for a bigger share of the fast-food market there, said co-founder Fred DeLuca. Subway, which now has 144 stores in the mainland, will add another 50 ...

Soho China profit jumps more than eight-fold

Property developer Soho China Ltd said 2009 profit surged more than eight-fold, beating analysts' estimates. Net income jumped to 3.3 billion yuan ($483 million), or 0.625 yuan a share, from 399.1 million yuan, or 0.076 yuan, a year earlier, according to a statement.

Pacific region offers 'friendly skies' for United Airlines

BEIJING: United Airlines, the world's largest transpacific carrier, said it's seeing a "real recovery" across the Pacific region, especially in China, thanks to corporate customers' growing confidence in the world economic recovery. "The Pacific is showing its traditional ...

Geely set to inject $900m into Volvo

BEIJING - Chinese auto maker Zhejiang Geely Holding Group is ready to inject $900 million operating capital into Volvo on top of the $1.8 billion purchase price, Geely chairman Li Shufu said Tuesday. "We should not only inject money into Volvo, but also endeavor to improve Volvo...
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Bill Gates talks nuclear
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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
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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
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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