company

PepsiCo Investment (China) Ltd, together with two of its employees, stood trial Wednesday at Guangzhou Intermediate People's Court on charges of smuggling ordinary goods, the New Express Daily reported. PepsiCo China was accused of knowingly making customs declarations for a kola...
Global mining giants Rio Tinto and Vale have thrown their weight behind calls for more flexible iron ore pricing. Sam Walsh, head of London-based Rio's iron ore business, was quoted by Bloomberg News as saying that the company may settle prices of the steelmaking ingredient on a ...
SHANGHAI: China Railway Group said on Thursday that it had won an Indonesian coal transport contract worth $4.8 billion. The long-term contract, equivalent to 14 percent of China Railway's operating income in 2008 under domestic accounting standards, would not have a major impact ...
Move designed to further tap into domestic markets and reduce costs BEIJING - Damco, the Denmark-based freight forwarding arm of A.P. Moller-Maersk Group, officially announced the opening of its office in Chengdu, Sichuan province on Wednesday. Damco, one of the world's largest ...
Shenzhen Airlines will retain its brand after Air China gains control, Tuesday's Beijing Times reported. Huang Bin, Air China's board secretary, told the Beijing Times Monday that Shenzhen Airlines will not change its place of registration and will keep its logo as well as ...
NANJING: An east China train manufacturer Tuesday dispatched 18 six-carriage subway trains to India's biggest port city, Mumbai. The trains were China's first-ever export of A-type subway trains, which were wider than 3 meters and had greater passenger capacity than other models, ...
Tingyi (Cayman Islands) Holding Corp expects competition in China's beverage industry to intensify as rivals including Coca-Cola Co step up investment in the world's third-largest economy. Tingyi, China's biggest maker of packaged food, will continue to upgrade factories with ...
Centrally-administered State-owned enterprises (SOEs) in overcapacity industries will be banned from buying into commercial banks, the Securities Times reported Tuesday, citing sources with the China Banking Regulatory Commission. The sources named the six industries as steel, ...
HANGZHOU - So far, 251 Toyota owners in east China's Zhejiang Province have received compensation from the Japanese automaker to cover expenses incurred in January's recall. An average of 300 yuan ($43.9) was offered to RAV4 owners either in cash or through coupons, said the ...
BEIJING - China Life Insurance Co, China's largest insurer, posted 71.8 percent growth in net profit for 2009 on higher investment income, the company said Wednesday. The insurer's net profit hit 32.88 billion yuan ($4.81 billion) last year, the company said in its statement ...
HANGZHOU - Over 1,700 kinds of uncertified auto parts have been found in two Toyota stores in Yiwu City, east China's Zhejiang Province, local authorities said Wednesday. The parts were found on March 18 in the warehouses of two dealerships belonging to FAW Toyota Motor Sales Co ...
NANJING - Usually bustling KFC restaurants in Nanjing, capital city of eastern China's Jiangsu Province, were quiet with only a few customers, as disputes over the fastfood chain's suspension of discount-coupons continued into the second day. Angry customers laid siege to scores ...
China's Tencent, as well as Russian firms, ProfMedia and DST, have submitted their offers for AOL's instant-messaging service ICQ, which is reportedly valued at up to $300 million. Since its spin-off from Time Warner, AOL has been trying to remake itself and is currently selling ...
BEIJING - Sichuan Changhong Electric Co Ltd, one of China's leading household appliances producers, said Wednesday its net profit jumped 272.17 percent in 2009 on the back of government stimulus measures. The company said its net profit rose to 115.81 million yuan ($17.03million) ...
The State-owned Agricultural Bank of China (ABC) kicked off its initial public offerings (IPO) procedure on April 7, with 21 underwriters reporting their preliminary underwriting schemes to the bank, caijing.com.cn reported Wednesday. It signals a substantive stage in ABC's ...
Sinopharm, China's largest drug distributor, is considering acquiring Nanjing Pharmaceutical Group Ltd to expand its presence in eastern China, according to a media report. Sinopharm had entered into a framework agreement with Nanjing's municipal government, a controlling ...
Australia and New Zealand Banking Group (ANZ) said on Wednesday it has received preparatory approval to set up a wholly-owned foreign bank in China, the world's fastest growing major economy. Local incorporation will allow ANZ to continue the expansion of its existing network in ...
BEIJING - Anhui Xingma Automobile said Tuesday its net profit jumped 265.32 percent year-on-year to 82.8 million yuan ($12.13 million) in 2009 on the back of government stimulus measures. Special Coverage:2009 Annual Reports of Listed Companies Revenue rose 41.23 percent year-on...
Beijing - Sandvik Group, a Swedish engineering firm, expects its sales in China to record double-digit growth in 2010 after a slowdown last year, mainly boosted by sales from mining machinery as China's demand for mineral resources such as gold is likely to double over the next ...
SHANGHAI - China Eastern Airlines Co Ltd signed a strategic cooperation agreement with China Airlines, Taiwan province's premier airline on Tuesday to extensively cooperate on cargo flights, passenger flights, logistics, aircraft maintenance and marketing. According to China ...
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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 ...
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 ...
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 ...
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 ...