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Investment is taking off for airline center in Tongzhou

Hainan Airlines (HNA) will invest 30 billion yuan ($4.39 billion) to build a massive Beijing International Aerotropolis (BIA) in Songzhuang, Tongzhou district. The 44-hectare project kicked off on Wednesday. On completion it will cross into Shunyi district and the city center, ...

Boeing CEO says China to continue to be US major market

CHICAGO: China will continue to be both major market and partner to the United States, supporting thousands of US jobs and contributing significantly to the US balance of trade, said CEO of a Fortune 100 company in Chicago on Wednesday. James McNerney Jr, chairman, president and ...

Expedia surfing for new online acquisitions

BEIJING - Expedia Inc, an Internet-based travel agency, announced on Wednesday it will pump at least $50 million in China by the end of 2011 and is also looking for new acquisition targets in the latter half of this year. Expedia plans to gradually increase its investment in the ...

Auto JVs to benefit from cheap EU imports

SINGAPORE - PSA Peugeot Citroen and Volkswagen AG's joint ventures in China will benefit as a weaker euro reduces the cost of components imported from Europe, Nomura Holdings Inc analysts said. Dongfeng PSA, a partnership between France's Peugeot and Hubei-based Dongfeng Motor ...

Steel firms nervous over talk of rebate cut

BEIJING - Chinese steel producers are worried over a possible export rebate cut by the Chinese authorities amid growing export risks imposed by trade remedy measures from the United States and the European Union. Wu Genping, the official of the General Administration of Customs, ...

Australian delays approval of China-CSR sugar deal

CANBERRA - Australia's Foreign Investment Review Board on Wednesday delayed a final decision on whether China's Bright Food Group can go ahead with its $1.62 billion bid for a sugar unit of Australia's CSR Ltd. The order by the Foreign Investment Review board, officially issued ...

China's Dynasty Wines may purchase new, old world vineyards

Dynasty Fine Wines Group Ltd, part- owned by France's second-biggest liquor company, may spend almost $150 million to boost capacity 43 percent to meet rising demand in China. The Tianjin, China-based company may buy vineyards in Australia, New Zealand, Chile or France and has 1 ...

Shopping firm beset by debt

Suppliers queue as employees clear out offices On Tuesday, on the 17th floor of the futuristic and stylish Soho Building on Guanghua Road, Chaoyang district, employees of Dazhong Gouwu (Mass Shopping), a TV shopping company, were packing their personal effects and preparing to ...

China drug sales outlook a shot in the arm for Japanese drugmaker

TOKYO: Astellas Pharma Inc, Japan's second - biggest drugmaker, will hire at least 300 sales employees in China as part of a plan to bolster global revenue by 17 percent in five years. Sales in China are projected to double by the year ending March 2015, Astellas said in ...

Datang International Power invests $576m in mainland's gas project

HONG KONG - Datang International Power, the Hong Kong-listed unit of the State-owned power generator China Datang, has said it would invest 3.93 billion yuan ($576 million) to set up a joint venture for a coal-based gas project in North China's coal-rich Inner Mongolia. In a ...

Midea recalls its so-called purple clay cookers

China's home appliance giant Midea will allow consumers to return a kind of electric cooker produced by the company, in response to a China Central Television (CCTV) broadcast on Monday that revealed the cookers were made of ordinary clay instead of the purple clay described in ...

China Merchants hopes container shipments top 2008

China Merchants Holdings (International) Co, the owner of stakes in ports that move a third of the country's cargo containers, said volume this year may surpass 2008's record. Shipments at China Merchants' mainland ports rose 22 percent in the first fourth months, Deputy Managing ...

Foxconn president refutes 'sweatshop' allegation

TAIPEI - President of Foxconn Terry Gou has denied claims Foxconn is a sweatshop for its factory workers in his first public comments after a string of suicides by the company's employees. Gou also promised to stabilize the situation at Foxconn in comments made at a forum on ...

Kailuan eyes 50% more coal output in 2010

China's coal producer Kailuan Group plans to raise coal output by nearly 20 million tons, or 50 percent, to 60 million tons this year, a top company official said on Tuesday. The group produced 40.45 million tons of coal in 2009. Kailuan aims to further increase production to 100 ...

Ansteel says US plant investment 'commercial'

Anshan Iron & Steel Group, part of China's fourth-largest steelmaker, said it's making its investment decision in the US based on market needs after a group of US lawmakers opposed the plan. [US lawmakers urge probe of Chinese steel investment] The "investment decisions in the ...

Natural Dairy seeks approval to buy NZ farms

Natural Dairy (NZ) Holdings Ltd, a Chinese company that wants to buy farms in New Zealand, has lodged an application with foreign investment regulators for approval to buy properties known as the Crafar farms. The proposal sent to the Overseas Investment Office today will ...

TNT enhances lead on Sino-Europe shipping

SHANGHAI: TNT, a leading global international express company, on July 5 announced the expansion of its delivery capabilities between China and Europe with the addition of a dedicated B747 freighter service between Shanghai and its European air hub, Liege, Belgium. Offering six ...

Barclays in talks with China funds on ETFs

Barclays Capital is in talks with several Chinese fund managers to develop cross-border exchange-traded funds (ETFs) to be listed on the Shanghai bourse as China seeks to widen channels for its growing yuan savings. Barclays Capital, the investment banking arm of Barclays Bank ...

China's CIC may spin off Huijin unit

China Investment Corporation (CIC) may spin off its Huijin unit, which is the majority shareholder in many banks such as Bank of China, the Financial Times reported, citing people familiar with the matter. The move is being championed by China's Vice Premier Wang Qishan and would ...

China's Huijin to issue 120b yuan bonds

BEIJING: Central Huijin Investment Co, the domestic arm of China Investment Corp, the country's sovereign wealth fund, plans to issue at least 120 billion yuan ($17.71 billion) in bonds, three sources close to the matter told Reuters on Tuesday. The bonds will be issued in ...
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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
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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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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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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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