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Chalco to seek bank loans as equity market declines

Aluminum Corp of China Ltd, China's largest maker of the metal, will seek bank loans after an equity market decline forced it to delay share sale plans. The deadline for a planned sale of yuan-denominated shares in China would be pushed back by a year from August 23, the Beijing...

China Vanke sales rise 28% in June

China Vanke Co, the country's largest property developer by market value, said Monday that its sales revenue in June rose 27.9 percent from a year earlier despite the government's tightening moves. In a statement filed to the Shenzhen Stock Exchange, the developer said its ...

State Grid inks deal with China Telecom

State Grid Corp of China signed an agreement with China Telecom over the weekend to cooperate in power grid and telecommunication areas, a move enabling China s largest grid operator to take part in the triple network project, the China Business News reported Monday. The triple ...

China Merchants Group acquires Aussie Loscam

Hong Kong-based conglomerate China Merchants Group has acquired Australian pallet maker Loscam Ltd, Locam said in a statement on Monday. The business was sold by private equity group Affinity Equity Partners for an undisclosed sum. Loscam makes and hires out wooden and plastic ...

China Metal Recycling to step up acquisitions

China Metal Recycling Holdings Ltd, the nation's biggest scrap metal recycler, plans to step up domestic acquisitions as the global economic recovery reduces supplies from overseas. The company, which counts Baosteel Group Corp and Jiangsu Shagang Group Co as customers, is ...

Wilmar to buy CSR's sugar division for $1.5b

Wilmar International Ltd, the world's largest palm oil trader, agreed to buy CSR Ltd's sugar unit for A$1.75 billion ($1.5 billion), beating China's Bright Food Group Co's bid for Australia's biggest refiner. [Bright plans sweet offer to Aussie CSR] The offer includes A$1.35 ...

Valin to set up joint ventures with Mittal

China Hunan Valin Iron and Steel Group has won approval to set up two joint ventures with Arcelor Mittal, the world's largest steelmaker, the 21st Century Business Herald reported Thursday. The two smelters will pour 12.3 billion yuan ($1.8 billion) in the projects to produce ...

Gome: agreement on Haier products may generate $7.4b in sales

Gome Electrical Appliances Holding Ltd, China's second-biggest electronics retailer by market value, will sell Haier Group products in a deal it says may generate 50 billion yuan ($7.4 billion) in sales over three years. Gome will add 600 Haier products a year for distribution in ...

Apple to launch second store in China

Apple Inc will launch its second retail store in China, the Shanghai Apple Store, on July 10, China Business News reported Friday. The move marks Apple restarting its store opening spree in China. Sources with Apple Inc told the paper that the company plans to open two stores in ...

Rpt says CNOOC on talks to buy BP Argentine stake

China National Offshore Oil Corp (CNOOC), the country's third-largest oil and gas company, declined to comment on reports it is in talks to buy as much as $9 billion worth of BP Plc's assets in South America. "We don't comment on market rumors," Jiang Yongzhi, a Beijing-based ...

NEC to bring branches under unified operation

IT company NEC (China) Co Ltd is planning to bring 20 of NEC Corp's branches in China under unified operation, the company said on July 1. The branches were previously run separately and reported to NEC's headquarters in Japan separately, which made it hard to provide quick and ...

Steel mills expand iron ore output to ward off soaring import costs

BEIJING- As the world's leading iron ore producers never reduce their appetite for price hikes, China's major steel mills have looked to domestic deposits as they plan to triple their exploration in six years to gradually wean off dependence on exports. The Angang Steel Company ...

Vanke, Evergrande lead in first half sales

China Vanke Co Ltd and Evergrande Real Estate led in property sales in the first half of 2010, according to a report released by China Real Estate Information Corporation and China Real Estate Appraisal, the Securities Journal reported Friday. The report said that a total of 11 ...

Baidu to recruit from US Silicon Valley

BEIJING - Baidu, the largest Chinese Internet search engine, plans to recruit at least 30 engineers from the Silicon Valley at a job fair in the United States on July 10, the first step of their global recruitment plan. All the positions, including R&D engineers, software ...

Tudou.com tops Chinese video website in US

Tudou.com became the most popular Chinese-language video sharing website in the US, TechWeb reported Thursday, citing a report of the marketing research firm ACNielsen. Tudou.com ranks the fourth among all the video websites in the US, according to Nielsen's report. The time ...

Foxconn relocates production to save cost

Taiwain's high-tech giant Foxconn plans to move its major production line from Shenzhen to Langfang in North China's Hebei province in an attempt to reduce labor costs, chinanews.com.cn reported Thursday. Vincent Tong, spokesman for the corporation, says the relocation is ...

Sony recalls 55,362 laptops in mainland

Sony started recalling 55,362 Vaio laptops in the Chinese mainland from June 30, China's top quality watchdog said Wednesday. The laptops are at risk of overheating, which may lead to distortion of shapes, or even skin burns, said a statement on the website of the General ...

Chinalco halts Aussie bauxite mining project

Aluminum Corporation of China (Chinalco) and the government of Queensland, Australia have agreed to abort the Aurukun bauxite development deal signed by the two parties in 2007. Due to various unfavorable factors, the program cannot resume under the existing framework, Chinalco ...

Fashion giant sues over store openings

Leading domestic fashion producer Shenzhen Copais Industrial has launched a lawsuit against SKN, an arm of South Korea-based SK Group. Copais is suing SKN claiming they failed to fulfill its commitment based on contracts with OBZEE, a company SKN acquired in 2007. The total loss ...

China MediaExpress added to Russell Global index

China MediaExpress Holdings Inc said Tuesday it has been added to the Russell Global Index. The company operates video ads on intercity and airport express buses in China. The Russell Global Index includes 98 percent of all the investable securities in the world. Shares of China ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Bill Gates talks nuclear
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
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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