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Small firms set for relief from finance crunch

Small enterprises that have been facing capital shortages might get relief soon, if State-owned banks ease lending policies for such businesses, Hu Xiaoming, vice-president at Alibaba Group, said. Hu made the remarks on Wednesday in Beijing as Alibaba (China) Co Ltd and the ...

Insurers will need injection of cash, S&P says

Chinese insurers will need more than 110 billion yuan ($17 billion) of external funding to fuel their rapid development in the next three years, insurance analysts from Standard &Poor's said on Wednesday. "This is particularly true for non-life insurers, given their relatively ...

Lenovo buys German PC firm

Lenovo Group Ltd on Wednesday said European authorities have approved its plan to acquire a German computer and consumer-electronics maker for 231 million euros (US$334 million) in a deal that could double the Chinese firm's market share in Germany. China's largest personal ...

Baidu to boost support for Qiyi

Baidu Inc, China's biggest search engine, will deepen investment in its online video arm Qiyi.com Inc, in a move to fuel future growth outside its core search business. "Between Baidu and our investment partners, we plan to continue to support the company (Qiyi), and a cash ...

HK utility buys 17% stake in mainland nuke plant

Hong Kong utility CLP Holdings Ltd said Monday it has bought a 17 percent stake in a nuclear power plant in southern China for 4.8 billion yuan ($745 million). CLP said its nuclear investment unit signed a deal with China Guangdong Nuclear Power Company Ltd to buy the stake in ...

Jilin Special: Changchun puts on its most ambitious auto event ever

A major automobile show in the city of Changchun - one of China's three most influential auto expositions - has shown the revitalization of the nation's auto manufacturing industry, the organizers are saying. The theme of the eighth China Changchun International Automobile Expo, ...

Agricultural Development Bank lends 15.5 bln yuan to water facilities in H1

The Agricultural Development Bank of China said Tuesday that it lent 15.5 billion yuan (2.41 billion U.S. dollars) for water facilities construction in the first half of this year. The amount was higher than that of the same period of previous years, the bank said, expecting the ...

Jilin Special: Sculpture show: Bigger and better than any of the past ones

Organizers of the 12th International Sculpture Symposium which started on July 14 in the city of Changchun have been delighted by the responses worldwide and the number of artists from around the world who have showed up. This major Northeast China event is taking place in the ...

Baidu to boost support for Qiyi

Baidu Inc, China's biggest search engine, will deepen investment in its online video arm Qiyi.com Inc, in a move to fuel future growth outside its core search business. "Between Baidu and our investment partners, we plan to continue to support the company (Qiyi), and a cash ...

Nissan-Dongfeng to invest 50b yuan

Nissan Motor Co's joint venture with Dongfeng Motor (Group) Co, the largest Sino-foreign auto partnership, on Monday announced in Beijing that it plans to invest billions of US dollars and double its annual sales over the next five years. The 50-50 joint venture, Dongfeng Motor ...

Huaibei Coal gets ready for Shanghai listing

Huaibei Mining Group Co Ltd, one of the 13 national coal production bases in China, said it will complete its domestic initial public offering to raise 8.5 billion yuan ($1.3 billion) by the end of 2011. The company plans to sell 2.2 billion shares on the Shanghai Stock Exchange. ...

CIC reports $51.5b net profit in 2010

China Investment Corp (CIC) added $35.7 billion in new investment in 2010, which reduced the cash balance in the sovereign wealth fund's (SWF) overall portfolio from 32 percent to 4 percent, according to its 2010 annual report released on Tuesday. CIC reported a net profit of $51...

Officials consult Apple before closing more suspect stores (2)

The investigation, after looking into about 300 shops in the city, found five unauthorized Apple stores, according to a report seen on the Kunming city government's website. Two of the five stores without business licenses have been closed, while three are still operating. Amy ...

Apple mania leaves me with a sour taste

It reads like something out of a gruesome science fiction novel. In recent months a 17-year-old student in Eastern China sold one of his kidneys to a dodgy dealer he met online to buy the iPad 2 he had his heart set on. At least he didn't sell that too. Although his story is ...

Volkswagen: Sales to top 2 million this year

Karl-Thomas Neumann, president and CEO of Volkswagen Group China, said last week that the German auto giant will for the first time sell more than 2 million vehicles in China this year, up from the 1.92 million sold in 2010. The target appears well within its grasp after the ...

Lanxess building $40m Changzhou plant

German leading specialty chemicals company Lanxess AG started the construction of its largest leather chemical plant in China in Changzhou, Jiangsu province, on Monday. Analysts have said China's rising demand for leather goods will present great market opportunities for leading ...

United Continental sees clear skies over China

Air travel demand between China and the United States will remain strong despite worries about economic weakness in both countries, said a top executive from the world's largest airline. "Demand on our routes to China is strong. I don't see that slowing. They continue to be among ...

CISA awaits OK for its iron ore index

China Iron &Steel Association (CISA), the country's steel lobby, has completed the draft of an iron ore index and expects its publication soon, a move that analysts said will more accurately reflect the Chinese market situation. Li Xinchuang, vice-secretary general of CISA, told ...

Chinese automakers seek global growth (3)

Fu Yuwu, vice chairman of the Society of Automotive Engineers of China, said the domestic auto industry's ambition to expand globally is still in an early stage in terms of export quantity. "Born just 55 years ago, the country's auto industry increased its production to 18 ...

Chinese automakers seek global growth (2)

Beijing also launched a car-quota system in January to combat its traffic woes, allowing only 240,000 new cars to be registered in the city this year, compared with the 800,000 new vehicles that took to the streets in 2010. In contrast with a 3.35-percent increase in auto sales, ...
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
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finance

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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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sports

Yao's gift of sport for all
Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
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