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GE, Harbin Electric sign deal

A steam turbine at Harbin Electric Co Ltd. The company, aiming to boost its market share in China's high-end electric sector, will buy four of GE's gas turbines. [Photo / China Daily] Move will help develop China's high-end market for electricity, say sector observers BEIJING - ...

Banks May See Revenue Drop

The China Banking Regulatory Commission launched a series of measures on Tuesday to encourage specialized financial services for small and medium-sized enterprises because of financial difficulties from monetary-tightening policies by the central bank. [Photo: China Daily] China...

He doesn't play golf but can still hit a fair score

David M. Rubenstein However Carlyle Groups Rubenstein admits he turned down investment in Facebook BEIJING - Very few billionaires don't play golf. David M. Rubenstein, The Carlyle Group's co-founder and managing director, however, is one of the very few. His personal interests, ...

Chemical firm investigated over toxic leak

A woman in Yuhang district in Hangzhou, capital of East China's Zhejiang province, tries to grasp a metal jug as she takes water from a truck on Tuesday. [Photo/Xinhua] HANGZHOU - A chemical company in East China's Zhejiang province is being investigated on the suspicion that it ...

Exaggerated property ads get hostile response

A tricycle passes an advertisement for a real estate project that reads "gorgeous and delicate top home" in Beijing. [Photo/China Daily] Beijing - Exaggerated advertising claims for high-end properties targeting the super rich in China have come under widespread criticism for ...

Resourcehouse withdraws from listing

Owner's talk of connections fails to line up investors for $3.6b offering HONG KONG / SYDNEY - Australian billionaire Clive Palmer's much-touted ties with China weren't enough to persuade investors in Hong Kong to put up $3.6 billion for shares in his unprofitable iron ore and ...

Prada aiming to bag $2.6 billion in HK IPO

A handbag is seen behind a display window at a Prada store in Hong Kong[Photo/Xinhua] The Italian company is looking to cash in on China's rapid expansion HONG KONG - Prada SpA's initial public offering in Hong Kong is poised to raise as much as $2.6 billion, according to a ...

MGM China shares open firmer in HK debut

MGM China Chairperson and Executive Director Pansy Ho (L) shares a toast with CEO and Executive Director Grant Bowie during the debut of MGM China at the Hong Kong Stock Exchange June 3, 2011. MGM China Holdings Ltd, a joint venture between MGM Resorts International and Hong Kong ...

Rare earth giant takes over 35 smaller miners

BEIJING - Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co, the world's largest rare earth producer, will consolidate 35 local rare-earth miners by June and will further unify the distribution and processing of the metals, the region's government said on Wednesday. The ...

East meets West in Tasly's TCM venture

Martin O'Malley, governor of Maryland, left, visits the Tasly Pharmaceutical Co laboratory in Shanghai on Thursday. [Photo / Bloomberg] SHANGHAI - The traditional Chinese medicine (TCM) industry looks likely to gain an overseas presence by tapping into the US market. Tasly Group ...

Starbucks buys back control of stores

Customers sit outside a Starbucks coffee shop in Shanghai. Aiming to secure stronger control and better execution, the retailer has bought back the ownership of cafes from its partners in some provinces in China. [Photo / Bloomberg] SHANGHAI - The US-based coffee retailing giant ...

Lenovo Intends to Buy Control of Germany's Medion

A man pulls a delivery of Lenovo Group Ltd computers at a market in Beijing. Lenovo said it will acquire German multimedia and electronics maker Medion AG. [Photo: Bloomberg] Lenovo Group Ltd., China's biggest maker of personal computer, aimed to buy control of Medion AG, a ...

Firms in Beijing plan pay hikes

Almost every company in Beijing - Chinese and foreign-owned - have or will hike monthly salaries for workers during 2011, a survey has found. More than half of 500 enterprises polled in March also said they will boost pay by more than 8 percent on 2010 levels. Almost all of the ...

DHL to Expand in Western China

China's robust market has attracted a large amount of investment from DHL Express. Its North Asian hub in Shanghai, a $175 million investment, is under construction and is expected to ease the capacity strain on its Hong Kong hub. [Photo: Agencies] Deutsche Post-DHL's express ...

Developers consolidate amid tightening

Construction workers at the site of China Vanke Co's "Fun City" apartment complex on the outskirts of Beijing. [Photo / Bloomberg] 32 M&As were completed between January and March, a record high BEIJING - The number and value of mergers and acquisitions (M&A) in China's real ...

DHL to expand in western China

China's robust market has attracted a large amount of investment from DHL Express. Its North Asian hub in Shanghai, a $175 million investment, is under construction and is expected to ease the capacity strain on its Hong Kong hub. [Photo/Agencies] HONG KONG - Deutsche Post-DHL's ...

Marriott aims to keep apace of tourism growth

BEIJING - Burgeoning Chinese inbound and outbound tourism has provided a boost for US-based Marriott International Inc to further tap the domestic hospitality market and lure more Chinese tourists traveling abroad to its businesses, a senior company executive said. The hotel ...

CNGGC sees heart of gold in Africa

An outlet of China National Gold Group Corp in Shanghai. Gold jumped to a record $1,577.57 an ounce this month, helping make this year one of the busiest for gold deals since 2006. [Photo/China Daily] BEIJING - China National Gold Group Corp, the State-owned company that controls ...

Samsonite is closer to $1.5b HK IPO

HONG KONG - The Luggage maker Samsonite Group, backed by private equity firm CVC Capital Partners, moved closer to its $1.5 billion Hong Kong initial public offering, setting an indicative range for the deal on Monday, as it bets on booming Asian demand for global consumer brands...

Hong Kong shares close 0.29% higher

A pedestrian walks past a panel displaying Hang Seng Index in Hong Kong, south China, May 30, 2011. Hong Kong stocks went up 66.25 points, or 0.29 percent, to close at 23,184.32 on Monday, posting steady trend after last Friday's rebound.(Xinhua/Lui Siu Wai) Hong Kong stocks went ...
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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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market

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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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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sports

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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