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SMIC shares fall: Shares of Semiconductor Manufacturing International Corp plunged almost 10 percent yesterday, the biggest fall in two months, because investors worried about the latest management shake-up of the Chinese mainland's biggest made-to-order chip maker. Hong Kong-listed SMIC, also the ...

Auto industry expected to grow faster in H2: The growth of China's auto sector will quicken in the second half of the year, according to top auto makers and experts at an auto expo in the northeastern province of Jilin. The government may implement favorable policies to boost the market and ensure sound development after ...

Auto Speical: 'Perfect dream car' for today's young elite in China: Mercedes-Benz was in the spotlight again last week, when its new compact executive car - the result of a joint venture with the Beijing Automotive Industry Holding Co Ltd - made its debut at China's National Indoor Stadium in Beijing. But, being in the spotlight is nothing new ...

Pork producers concerned about precarious price hike: Chinese pig farmers said they were concerned about the recent surge in pork prices, citing fears that the current boom might prompt vast profit-driven expansion and lead to price plunge. Latest statistics show China's pork prices surged 57 percent year-on-year in June, stoking ...

Use of chemicals 'threatens grain output': The heavy use of agrochemicals has led to a severe deterioration of arable soil and poses a serious threat to domestic grain output. The situation has led to some leading ecologists calling on authorities to reduce the use of pesticides and chemical fertilizers. Despite floods ...

Dana increases stakes in Chinese axle JV: US-based axle producer Dana Holding Corp has increased its stakes in a Chinese joint venture to 50 percent, Dongfeng Motor Co, Ltd (DMC), co-owner of the joint venture, confirmed Thursday. Dana, a leading supplier of driveline products, has paid DMC $124 million for an additional ...

China adjusts import tariffs on key technological components: China's Ministry of Finance announced Friday that the country has adjusted tariffs on imports of core components and raw materials used to build sophisticated technological equipment. Import tariffs and import-related value-added taxes (VAT) will be scrapped on key components and ...

China issues regulation on emergency response to power accidents: The Chinese government on Friday released a regulation providing that power companies should step up their emergency response capabilities to power safety accidents to alleviate and eliminate damage. Power safety incidents refer to those that disturb the operation of a power grid ...

Chinese visiting other countries, regions up 20 pct in first half of 2011: About 32.21 million Chinese mainland residents made overseas trips in the first half of this year, up 19.9 percent year-on-year, according to the Ministry of Public Security. China's Hong Kong, China's Macao, the Republic of Korea, China's Taiwan, Thailand, Malaysia, Japan, the ...

China's commerce ministry says Nestle's bid for Hsu Fu Chi under review: Swiss food giant Nestle's bid for control over Chinese candy maker Hsu Fu Chi was under review, China's Ministry of Commerce (MOC) said Friday. The ministry's anti-monopoly bureau will evaluate the application, Yao Jian, spokesman of the MOC, said at a press conference. Nestle ...

China's H1 power consumption up 12.2 pct: China's National Energy Administration announced Thursday that the country's total electric power consumption in the first half of the year rose 12.2 percent from a year earlier to 2.25 trillion kilowatt-hours (kwh). Power consumption in June rose 13 percent year on year to 396.5 ...

Railway official pledges better operation of high-speed railway: Chinese railway authorities are making all efforts to iron out problems with the Beijing-Shanghai high-speed railway and hoping for more public understanding and support on the project, a railway official said Thursday. Wang Yongping, spokesman with the Ministry of Railways, ...

Appliance makers pin hopes on real estate: China's major home-appliance makers have found a new source of profit as they cash in on the lucrative real estate sector, industry experts said. Home-appliance producer Zhejiang Supor Co Ltd plans to invest 1.5 billion yuan ($232 million) in the central business district area in ...

Peabody agrees to develop large coal mine project in Xinjiang: Peabody Energy Corp on Thursday that it has entered into a framework agreement with the Xinjiang Uygur autonomous region to develop a surface coal mine with annual production of 50 million tons. As the world's largest private coal company, US-based Peabody said it will construct, ...

Google quarterly earnings beat estimates: Google on Thursday released its second fiscal quarter earnings with numbers far better than analysts' estimates. The Mountain View, California-based company reported revenue of 9.03 billion U.S. dollars for the quarter ending June 30, 2011, an increase of 32 percent compared to ...

Tibet completes first expressway: Tibet has finished building its first expressway, a 38-km long, four-lane road linking Lhasa's city center with Gonggar Airport in the neighboring Shannan Prefecture, the local government said. The toll-free expressway will halve the travel time from downtown Lhasa to the airport ...

Sina microblog named hottest consumer brand: Sina's microblog is the most popular brand for Chinese consumers this year, People.com.cn reported on Wednesday, citing a survey by Nikkei Business Publications Inc. The company surveyed more than 1,800 Chinese consumers ages 20 to 40 to find the most popular 25 consumer brands ...

China eyes higher global innovation ranking: China will raise its global innovation ranking over the next five years, according to a newly issued national scientific and technological (S&T) blueprint. The blueprint, issued by the Ministry of Science and Technology on Wednesday, maps out the country's S&T development goals ...

BYD's net profit to drop 85% or more: BYD Co Ltd expects its net profits to plummet 85 percent to 95 percent for the first half of this year, compared to the same period a year ago, China Business News reported on Wednesday. The Shenzhen- and Hong Kong-listed Chinese automaker announced its expectations for a poor ...

Nanjing Pharmaceutical plans to work with Alliance Boots: Nanjing Pharmaceutical Co Ltd said on Wednesday that its parent company intends to reach a cooperative agreement with the UK-based pharmaceutical giant Alliance Boots to boost its market innovation ability and improve its competitive position. Nanjing Pharmaceutical Group, the ...

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