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New iPhone 4 creates battle for sales

Apple Inc and China Unicom, officially partners since they signed a deal in March 2009, appear to be in a head-to-head battle for sales of the iPhone 4, which was launched Saturday. China Unicom is selling the handset with a two-year contract, but Apple stores are offering the ...

Booming service sector

The booming home service sector in China would "effectively" create more jobs in the coming years, said an official Sunday. Cui Yu, director-general of the Department for Women's Development under the All- China Women's Federation, said China's aging society, with more than 270 ...

China: PetroChina's 20-mil-mt/yr oil refining project in S. China's Jieyang passes environmental assessment

PetroChina's 20-mil-mt/yr oil refining project in Jieyang City of South China's Guangdong Province has recently passed environmental assessment and was now pending approval from the National Development & Reform Commission, said an official with the local government. Construction ...

China has 1.13 bln phone users by August: official

China's phone subscribers rose to 1.13 billion by the end of August, said Yang Xueshan, vice minister of industry and information technology, on Saturday. Yang made the remarks at a forum in Shanghai, but he did not give the separate figures on fix-line and mobile phone users. ...

BHP Billiton acquired Potash, who will have the last laugh?

"Given the size of the deal,and the all-cash nature of it,it does not seem that there is an enormous universe here of potential interlopers,"Mr Kloppers said in London.(Financial Time) "The interest in buying Potash is a manifestation of how open Canada is to foreign investment. ...

Hutchison to buy assets

Hutchison Whampoa Ltd said Monday that it has agreed to buy port and property assets from China Resources (Holdings) Co Ltd for a total of HK$5.7 billion ($732.5 million). The acquisition will allow Hutchison, a ports to telecommunications conglomerate controlled by tycoon Li Ka...

Software industry posts 30% rise in revenue

China's software industry posted revenues of 828.6 billion yuan (123.67 billion U.S. dollars) in the first eight months of 2010, up 29.8 percent from one year earlier, the Ministry of Industry and Information Technology said Saturday. The growth rate was 8.8 percentage points ...

Middle East:Crude Oil investors richly rewarded

By Monty Guild The world markets moved like Superman last week. They lifted off and moved higher in a decisive manner. In the ongoing contest between bulls and bears, the bulls have had the upper hand in many markets. Wall Street also moved firmly into the bullish camp with U.S. ...

Europe: EU energy boss says coal aid to 2018 OK only if sure output ends

p>The European Commission could accept extending the right to give state aid to coal mines beyond 2014 if it is convinced output will be shut down when the aid ends, EU energy commissioner Gunther Oettinger said Wednesday. The EU's regulation governing state aid to coal expires ...

High-tech zones take lead in industrial innovation

China's 56 leading high-tech industrial zones have led the country's industrial innovation, playing an important role in the nation's economic development, a government statement said Saturday. The statement came from the Ministry of Science and Technology, which seeks to boost ...

IMAX fever on hold?

Chinese movie goers' passion for big screen movies, aroused by Avatar, appears to see no signs of fading away, given growing number of IMAX theaters available in the country. But industry insiders said Monday that weak investment returns may cast dim light on IMAX's further ...

E-shops become incubator of newly rich in China

He Hongwei, a college graduate living in central eastern China's Zhejiang Province, five years ago fussed over landing a decent job amid red-hot competition in the world' s most crowded job market. He then began selling novelty toys on the Internet. Five years on, he has grown ...

China should increase high tech exports

China has to increase the proportion of high-tech products in its total exports of machinery and electronic products in a bid to boost the country's competitiveness and snare a larger international market share, an official for the Ministry of Commerce (MOC) said Friday. China's ...

China: Run rate of Shandong independent refineries hits 28-month high of 50.9%

Operation rates of independent refineries in Shandong Province hit a 28-month high of 50.9% on average Thursday, up 3.6 percentage points from a week ago, up 21.9 percentage points from a year earlier, a survey found. Shandong Jincheng Petrochemical boosted crude throughput from ...

US vehicles sales set for pace rise

US automobile sales may have continued at the fastest pace since 2009 in December, carrying the industry to its first annual increase since 2005. Total sales probably ran at an annual rate of 12.3 million vehicles last month, the average of seven analysts' estimates compiled by ...

Asia: Coking coal static as concerns remain over market fundamentals

p>Spot coking coal spot prices showed little movement Wednesday, although miners were heard offering at higher levels. A number of market participants expressed concern about the strength of the Chinese steel market, in spite of recent gains in physical and futures prices. Platts ...

Lenovo eyes mobile Internet market

Lenovo Group Ltd hopes to further tap into China's mobile Internet market through enterprise solution applications on its Android-based LePhone. "We see a lot of opportunities in the enterprise solution sector of the mobile Internet market. Lenovo has an advantage in this sector ...

High-tech zones fuel innovation

China's 56 leading high-tech industrial zones have led the country's industrial innovation, playing an important role in the nation's social and economic development, said a statement from the Ministry of Science and Technology's Torch High Technology Industrial Development ...

EU probe angers wireless modem makers

China's top machinery and electronic products chamber said on Monday it is concerned that the fresh European Union (EU) investigation into Chinese-made wireless modems represents a new wave of trade protectionism. The latest anti-subsidy probe was launched on Thursday and comes ...

Multinationals manufacture margins

Even though the factory he works for produces 2 million computers for various global brands each month, Jin Zhiqiang does not intend to buy a computer assembled by himself for a simple reason. To Jin, a migrant worker from Anhui province, having a laptop computer seems too ...

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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