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Oil Drops on More Saudi Supply, Stronger Dollar

U.S. oil price slipped below 100 dollars a barrel on Friday as Saudi Arabia added supply and the dollar gained strength. According to industry sources on Friday, Saudi Arabia was offering more crude oil to Asian refiners for July after it failed to persuade the OPEC to raise ...

Legendary Pictures forms JV in China

Legendary Pictures has formed a joint venture in China that aims to produce and distribute English- language movies that have the potential to be worldwide hits, it was reported on Thursday. The venture, called Legendary East, will take advantage of China's booming film business, ...

Chemical firm investigated over toxic leak

A chemical company in East China's Zhejiang province is being investigated on the suspicion that it discharged waste that polluted a local river and disrupted tap water supplies. Zhejiang Jinzhili Chemicals Co Ltd in the city of Lin'an is suspected of contaminating the Tiaoxi ...

Navistar plans to expand into China

Navistar International Corp., a U.S.-based manufacturer of commercial vehicles, motor coaches and diesel engines, said on Thursday it would strengthen cooperation with its Chinese counterpart to expand into the world's biggest auto market. Dan Usian, president of Navistar ...

Car sales stuck in low gear as sales tumble

China's automobile market continued to slow down with further negative month-on-month passenger vehicle sales growth in May, sparking concern that it may have difficulty reaching its previous sales target of 20 million vehicles this year. In May, sales of cars, sport utility ...

New breakthrough made in energy storage battery research

According to the Dalian Physics and Chemical Research Institution of the Chinese Academy of Sciences, its self-developed energy storage battery has been in failure-free operation for 1,400 days and successfully completed a 10,000 charge-discharge circulation in the test ...

Taiwan to allow individual tourists from mainland by mid-year

Individual travel for the Chinese mainland tourists to Taiwan will be allowed by the end of June, the mainland-based Association for Relations Across the Taiwan Strait and Straits Exchange Foundation, its Taiwanese counterpart, agreed Wednesday. At a meeting attended by the Zheng ...

Oil Climbs on Middle East Unrest, U.S. Trade Data

U.S. oil price continued climbing on Thursday as unrest in the Middle East caused supply concerns and positive U.S. trade data offered lift. The continuing violence in Syria and Yemen and the tension between Iran and Israel drew an unstable picture in the oil-rich Middle East and ...

Weibo's global prospects match up with the best

Sina will launch the English-language service for its microblog platform, Weibo, by the end of this year for overseas users, according to a company spokesman Tuesday. Since the Chinese have never provided an online social media platform for global communities before, the debut of ...

China bans foreign online mapping, except JV

Foreign companies are effectively banned from providing Internet mapping services in China, however joint ventures are exempted, according to a notice issued by the State Bureau of Surveying and Mapping on Wednesday. The notice cited an amended regulation on overseas organization...

GM intends to buy back 1% stake

Geneaal Motors Co, the biggest overseas auto maker in China, said it intends to exercise an option to buy back a 1 percent stake in its main car venture in the country to make it an equally held unit with its partner. "We have an option to buy that 1 percent," Chief Executive ...

Nanning Baling becomes 1st failed IPO

Nanning Baling Technology Co has become the first company in the 20-year history of the Chinese stock market to scrap its initial public offering after the formal launch after failing to draw sufficient interest from institutional investors,the Shanghai Securities News reported. ...

Volvo recalls 2337 vehicles in China

Volvo began recalling 2,337 vehicles in China on Wednesday to fix problems that could pose safety risks, China's quality watchdog said. The recall affects 280 imported XC60 vehicles and 318 imported S60 autos manufactured between Jan. 20 and Jan. 28, 2011, as well as 1,739 ...

Hangzhou Iveco to manufacture Fiat gearboxes

Fiat SpA, Europe's sixth-largest automaker by market share, will locally produce its gearboxes in China, as part of its plan to gain a foothold in the world's biggest automobile market. The gearboxes will be produced in partnership with the Italian carmaker's Chinese partners - ...

ZTE launches new salvo against Huawei

Chinese telecommunications equipment maker ZTE Corp has demanded rival Huawei Technologies Co stops making and using equipment related to fourth-generation time division long term evolution (TD-LTE) technology, expanding the legal battle between the two Chinese telecom giants. In ...

UAE looks to lure Chinese companies

TIANJIN - The United Arab Emirates (UAE) is striving to diversify its economy by attracting more businesses from China and other Asian nations to invest in its newly launched industrial zone. Chinese manufacturers, such as aluminum and steel companies, are being welcomed to ...

Textile industry rues cotton price volatility

SHANGHAI - The volatile price of cotton is making times harder for China's textile industry, which has already been squeezed by higher labor costs and the appreciation of the yuan. Many textile makers, especially smaller concerns, increased their stock of the raw material last ...

ZTE launches new salvo against Huawei

Chinese telecommunications equipment maker ZTE Corp has demanded rival Huawei Technologies Co stops making and using equipment related to fourth-generation time division long term evolution (TD-LTE) technology, expanding the legal battle between the two Chinese telecom giants. In ...

IEA believes new policy could lead to positive outlook on energy mix

China's new policy for gas usage could usher in a golden era for a greater role of natural gas in the global energy mix, the International Energy Agency (IEA) said. "Despite minimal growth in gas-fired power generation in China from 2000 to 2009, its 12th Five-Year Plan (2011...

Hangzhou Iveco to manufacture Fiat gearboxes

Fiat SpA, Europe's sixth-largest automaker by market share, will locally produce its gearboxes in China, as part of its plan to gain a foothold in the world's biggest automobile market. The gearboxes will be produced in partnership with the Italian carmaker's Chinese partners - ...
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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
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
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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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