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Air China receives its first Boeing 777-300ER

Air China, the country's biggest international carrier, received its first Boeing 777-300ER Thursday afternoon, which is also the first such aircraft for the Chinese mainland. Air China will introduce 19 such aircrafts in the future, the company's vice president He Li said at the ...

Taobao sued for selling fakes

Swiss luxury watch brands, Omega, Longines and Rado, have filed a lawsuit with a Beijing court against leading Chinese e-commerce portal Taobao for selling counterfeit watches on its website. The three watchmakers claim that they have found fake watches being sold on Taobao, and ...

Chinese automakers need new export model

China's auto makers should switch to exporting technology and capital rather than vehicles to get into foreign markets, according to a senior Chinese industry figure. "This is an inevitable change for Chinese auto makers who want to go global," Xu Heyi, chairman of China's fifth ...

China discovers world's second largest molybdenum deposit in east China

China has discovered its largest molybdenum deposit containing 2.2 million tonnes of the silvery metal, which ranks the second largest in the world, in east China's Anhui Province. Anhui Geology and Mineral Resources Bureau estimate the deposit in Jinzhai County has 1.275 billion ...

Xunlei postpones initial public offering

Xunlei, a leading consumer internet platform for digital media in China, announced Wednesday it had postponed its initial public offering (IPO) on the NASDAQ Global Select Market. The company, which was scheduled to go public on July 20, said in a statement it decided to postpone ...

Zhejiang's SMEs quickening pace of stock listings

Private enterprises in Zhejiang province, especially small and mid-sized enterprises (SMEs), are speeding up their migration to listed status, said Ernst &Young (E&Y), a leading global tax and transaction service provider. According to data released by E&Y on Thursday, there are ...

Mercedes opens global design center in Beijing

German automaker Daimler AG inaugurated its fifth Mercedes-Benz Global Advanced Design Center in Beijing on Thursday, a sign of the growing importance of the Chinese automobile market's influence on the changing needs and trends in vehicles. It is the first functional design ...

China's fast neutron reactor test run succeeds

China has scored a major breakthrough in nuclear technology. Its first experimental fast neutron reactor has successfully integrated into the North China grid, laying the foundation for future consumer use. Today's test run was conducted with a capacity of 65 megawatts. It's the ...

Macao launches eco-fund to encourage purchase of "green" equipment

Government of Macao Special Administrative Region (SAR) has announced the creation of Environmental Protection and Energy Conservation Fund, providing financial support for purchasing green technology products and equipment, the Macao Daily Times reported on Thursday. The ...

IPO a No Go for Chinese firms

Two Chinese companies have postponed their plans for initial public offerings (IPO) in the US led by poor market conditions as investors are losing confidence in US-listed Chinese companies due to a series of accounting scandals in recent months. Xunlei Limited, a Shenzhen-based ...

Mysterious "Apple Stores" discovered in SW China

Although Apple recently revealed its ambitious plan of expanding its retail store network, maybe no one can foresee the swift discovery of three mysterious "Apple Stores" in China's remote southwest. The three stores, however, are not listed on Apple's official website. They were ...

China's telecom sector revenue grows 10.1% in H1

China's telecommunications sector revenue grew 10.1 percent in the first half, surpassing that of GDP for the first time since 2007, a senior official said Thursday. "A lasting sound macro economy creates a favorable environment for rapid growth in the telecommunications sector." ...

Chinese, Russian automakers form JV

China's fifth largest automotive group, Beijing Automotive Group (BAIC Group), announced Tuesday the establishment of a joint venture with Russia's AMS Auto. The Beijing-based BAIC Group said total investment in the joint venture, BAW-RUS Automotive Co Ltd, is about $176 million, ...

China's first rice production cost, price index launched in C province

Central China's Hunan Province, a major rice grower in the country, has established an index on the production cost and sales price of rice, the first of its kind in China. The index gives a detailed calculation of the production cost as well as wholesale and retail prices of ...

Land supply for affordable housing up 24 pct in first half

China's top land authority said Wednesday that land supply for the nation's affordable housing went up 24 percent in the first half of the year from the same period in 2010. The Ministry of Land and Resources announced that land supply during the period for affordable housing ...

China's publishing industry records 19 pct growth

China's publishing industry saw a 19-percent increase in its gross output in 2010, despite a marked trade deficit with much fewer exported publications than imports, according to a government report released Wednesday. The industry's gross output topped 1.26 trillion yuan (196.7 ...

Discovering what drivers want in their automobiles

Despite rising prices for essential goods and fuel, the Chinese desire to own a car is as strong as ever, The Nielsen Company said in a recent study. According to the research, nearly 94 percent of Chinese consumers said that they intend to buy a car in either the short or long ...

Smart leads the charge

China has been the third-largest market for the smart brand of micro-cars by Mercedes-Benz, presenting great potential to be the No 1 market for the German automaker in the near future, said company executives. "Since its debut in China in 2009, smart has maintained strong ...

Kweichow Moutai expects 15% increase in production this year

China Kweichow Moutai Distillery Co, the parent of the world's second-largest listed distiller by market capitalization, forecast a 15 percent increase in output this year as the country's rising incomes boost alcohol demand. "Even though we've raised prices quite a few times ...

Motor vehicles in China hit 217 mln

The number of motor vehicles in China hit 217 million as of the end of June, including nearly 98.46 million automobiles and 102 million motorcycles, according to a statement released by the the Ministry of Public Security on Tuesday. The ministry's definition of motor vehicles ...
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Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

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 ...
Lucrative golf industry lures stiff competition
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
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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