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Torrid VW expansion: Two southern plants approved by NDRC

German carmaker Volkswagen recently announced that its two new plants have been approved by the National Development and Reform Commission, the country's top economic planner. The facilities will boost the auto giant's annual production capacity in the country to 3 million units, ...

Chinese capital eyes Brazil's high-tech sector

China will invest $4.5 billion in Brazil's technology sector this year, as Chinese investment in the Latin American country shifts from agriculture and mining. Chinese investment is expected to hit $9 billion this year, with half of it going into high-tech industries, Alessandro ...

HKTDC Hong Kong Fashion Week opens

More than 1,700 exhibitors are taking part in the HKTDC Hong Kong Fashion Week for Spring/Summer and the concurrent HKTDC Summer Sourcing Show for Gifts, Houseware & Toys, which opened July 4 and continue until July 7 at the Hong Kong Convention and Exhibition Centre (HKCEC). The ...

Oil price trend remains up

Oil is a slippery substance easily held hostage to supply disruptions through natural events, wars, cartel agreements and political decisions. Between all these influences it is often difficult to extract the underlying trend behavior of the NYMEX oil price. Ten days ago the ...

PetroChina, INEOS complete transaction to form oil trading, refining joint ventures

PetroChina Company Ltd. announced Sunday that it has finished forming two joint ventures with INEOS Group Holdings PLC to conduct crude oil refining and trading. The two joint ventures, INEOS Refining Ltd. and INEOS Refiniung II Ltd., will use assets at Scotland's Grangemouth ...

China's non-manufacturing sector growth continues decline in June

Growth of China's non-manufacturing sector continued a slowdown in June, with a decline of the Purchasing Managers Index (PMI) for the sector, the China Federation of Logistics and Purchasing (CFLP) said Sunday. As a key economic leading indicator, the PMI of non-manufacturing ...

China's ports will remain number one

Chinese ports will remain the busiest in the world this year, although sluggish economic recovery in the United States and the European Union (EU) will dent their container volume growth, according to an outlook report by the Chinese Academy of Sciences. The report, released on ...

China's electronic information sector outpaces other industries in attracting investment

Investment continued to pour into China's electronic information sector in the first five months despite a slower pace of growth in May, according to the Ministry of Industry and Information Technology (MIIT). The electronic information industry attracted a total investment of 84...

Chinese software industry revenue growth slows in May: MIIT

China's software industry revenue expanded at slower pace in May, with a year-on-year increase of 29.3 percent to 141.5 billion yuan (21.9 billion U.S. dollars), the Ministry of Industry and Information Technology (MIIT) said Friday. The software industry's growth rate in May was ...

Second west-east gas transmission project begins operations

The China-Central Asia Natural Gas Pipeline, the major line of China's second west-east natural gas transmission pipeline, was officially put into operation on June 30. The pipeline, which has been watched closely at home and abroad, transfers natural gas from the shore of ...

Oil Edged down on Weak Economic Data

Crude prices edged down on Friday as U.S. and China's economic data came in weak, hurting the oil demand expectation. U.S. consumer confidence worsened in June, adding evidence to a looming economic situation in the biggest oil consumption country. The Thomson Reuters/ University ...

Software industry revenue growth slows in May

China's software industry revenue expanded at slower pace in May, with a year-on-year increase of 29.3 percent to 141.5 billion yuan (21.9 billion U.S. dollars), the Ministry of Industry and Information Technology (MIIT) said Friday. The software industry's growth rate in May was ...

Geely raises 1 bln yuan through bond sale

China's Geely Automobile has raised 1 billion yuan (153.8 million U.S. dollars) through a corporate bond sale aimed at financing the carmaker's development of core technologies on auto parts and auto electronic systems, company officials said Thursday. The fund-raising was a ...

Daimler to invest 2b euros into Chinese JV

German auto giant Daimler AG has signed an agreement with its Chinese partner Beijing Auto to invest 2 billion euros into their joint venture in the Chinese capital, allowing Mercedes to expand production of compact luxury SUVs, said the Chinese company on Wednesday. Under the ...

Experts urge stricter supervision to ensure nuclear safety

Governments should pay equal importance to supervision while stepping up nuclear power development, said experts at a seminar in reflection of the Japan nuclear crisis caused by a devastating earthquake and tsunami in March. They called for the establishment of powerful ...

BYD's profit plummets as industry sales drop

Chinese battery and carmaker BYD Co Ltd reported an 84 percent profit decline in the first quarter in a statement filed with the Hong Kong Stock Exchange on Wednesday, a day before going public in Shenzhen. On news of the net income plunge, the H-share listed company's stock fell ...

Steel producer to more than double output

China Gerui Advanced Materials Group Ltd, a Chinese maker of high-precision, cold-rolled strip steel listed on the NASDAQ index, started work on Wednesday on production lines that will allow it to make 300,000 tons more of its chief product a year. The company will spend $60 ...

International Apparel Sourcing Show with Texworld USA

The International Apparel Sourcing Show will take place July 19 - 21, 2011 alongside Texworld USA at the Javits Convention Center in New York City, New York. The show continues as an annual event taking place every summer alongside Texworld USA to create a larger sourcing ...

First business jet hangar opens in Beijing

China's largest corporate aircraft operator Deer Jet opened an all-weather hangar for business jets Wednesday in Beijing, the first of its kind in the capital city. Company sources said the move was aimed at improving Beijing's general aviation services and enhancing air safety. ...

Small firms, big problems as costs rise (2)

Monetary tightening When the country's consumer price index (CPI) surged to 5.4 percent in March - the first time that it has risen above 5 percent in almost three years - the authorities emphasized that fighting inflation is the government's top priority. In order to soak up ...
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Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
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
The Number One Document also proposed a new pricing plan for China's ...
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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