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Hainan Airlines to open flight service between Beijing and Okinawa

Hainan Airlines, China's fourth largest airline group, will launch international flight services between Beijing and Okinawa, said an official with the company on Thursday. The new international route is expected to start on July 28 with two round-trips every Thursday and Sunday ...

COSCO's second massive automobile transporter has begun operations (2)

Chinese car companies exported 72,100 units in May, a rise of 6.79 percent month-on-month and 53 percent year-on-year. That's a record high, according to figures released by the China Association of Automotive Manufacturers on June 9. During the first five months of 2011, China ...

Huntsman business a political issue

CHICAGO - An early 1970s photo in a Huntsman Corp annual report shows a smiling young Jon Huntsman Jr holding a dozen eggs in polystyrene packaging, an innovation that helped make a fortune for the family business. The chemical company and Huntsman name would later help the ...

Internet of Things to bolster food safety

Internet of Things technology will one day be widely used to boost food security in China, following recent scandals involving dangerous chemicals being added to milk powder and fruit drinks, industry officials told a forum yesterday in Shanghai. The Internet of Things, one of ...

RIM shares plunge as investors question BlackBerry sales

Shares in Research In Motion Limited (RIM), the the BlackBerry maker, tumbled over 16 percent on Friday, as investors reacted to uncertainty about the company's future. RIM announced Thursday that it would cut jobs as it works to roll out a new generation of products to stay ...

Lotus gears up to join China's sports-car pack

Lotus Cars Ltd announced its official foray into China on Wednesday, seeing the huge potential from China's surging super sports-car market. The British sports-car maker has authorized Symphony Lotus Ltd as its importer and distributor around the nation with the launch of a new ...

Ford starts work on new plant

Ford Motor Co yesterday broke ground on a US$500 million engine factory in southwest China as the US-based auto maker seeks to expand in the world's largest vehicles market. The plant in Chongqing will more than double the engine production capacity at its Chinese venture Changan ...

Mazda to recall 100,000 vehicles in China

Japanese automaker Mazda Motor and its Chinese joint venture Chang'an Ford Mazda will recall 94,874 Mazda3 vehicles starting Thursday over defective windshield wipers, China's consumer quality watchdog said on Wednesday. Imported cars that were produced between January 15, 2008 ...

China's top online retailer Taobao to be split into three

Alibaba Group on Thursday said it is splitting its e-commerce firm Taobao, China's largest shopping website, into three units. However, the group won't rule out the possibility of going public in the future, said Alibaba Group president Jack Ma in a letter provided by Alibaba. ...

Aerospace output value to reach 100 bln yuan in Tianjin by 2015

North China's Tianjin municipality plans to create a world-class aerospace and aviation industry cluster, said an official with the new area administrative committee on Thursday. Located in Binhai New District of Tianjin, the aerospace and aviation industry cluster is designed to ...

Property still regarded as best investment tool

Property remains the top investment choice in China despite the fact that nearly three-quarters of residents think housing prices are too high and "difficult to accept," according to a central bank survey released on June 16. The survey, conducted by the People's Bank of China ...

Beijing Hyundai to recall nearly 10,000 cars

Beijing Hyundai Motor started to recall 9,280 MoInca vehicles over defective engines on Wednesday, China's quality watchdog said. MoInca-model vehicles produced between August 1 and October 31 last year will be recalled, according to a statement posted on the General Administrati...

Tencent plans $3b open platforms (2)

There are currently 20,000 developers lining up to switch into the platform, Yin said. "On the previously opened Qzone platform, the most profitable third-party developer is making 10 million yuan a month," Ma said. "We want the developers to be successful, even before we are." ...

Oil Edges Up on IEA's Report

Related: IEA Foresees Increasing Oil Demand through 2016 IEA Foresees Increasing Oil Demand through 2016 Crude prices edged up on Thursday after the plunge on the previous trading day as International Energy Agency (IEA) reported global oil demand would rise. Oil got strength ...

IEA Foresees Increasing Oil Demand through 2016

Global oil consumption will increase by 1.2 million barrels per day over the next five years, the International Energy Agency (IEA) said Thursday. Assuming the crude oil price at 103 U.S. dollars a barrel, the IEA estimated that growth in oil supply capacity through 2016 can ...

Oil, Natural Gas Facing Different World Markets

Though characterized by recovery, the global oil and natural gas markets have gone their separate ways in recent months, chief of the International Energy Agency (IEA) said Thursday. The oil markets had seen a surge in demand in emerging markets, IEA Executive Director Nobuo ...

Chemicals giant eyes Chinese market

BEIJING - Dow Chemical Co will increase investment in China this year, which emphasizes the importance of the Chinese market amid economic uncertainties, the company said. "Dow Chemical's investment growth rate in China will increase by double-digits this year," said Peter Sykes, ...

Xunlei puts off pending IPO

Chinese digital media company Xunlei Limited may postpone its plan for initial public offering (IPO) on Nasdaq due to a weak market, according to an unamed source close to an underwirter responsible for Xunlei's listing. The Internet firm partly owned by Google filed with US ...

Changing isn't easy when they've got your number

Despite a government-led anti-monopoly move, only approximately 50,000 mobile subscribers have successfully changed their operators during the past six months and the government has said it's studying ways of increasing the number. By the end of May, more than 40,000 subscribers ...

NSF/ANSI 336 - a new green standard for furnishings fabrics

In response to a growing demand for independently-verified sustainable furnishing fabrics, NSF International, an independent developer of American National Standards that protects public health and the environment, has developed an official American national standard for ...
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