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Shanghai citizens can take electric cars for free spin

From now on, citizens can test drive China's Pioneer electric car for free, said Minister of Science and Technology Wan Gang at the opening ceremony for the China (Shanghai) International Demonstration city Test Drive Center of Electric Vehicles, which went into operation on May ...

Copyright battles shouldn't be fought for wrong reasons

[By Liu Rui/Global Times] Baidu's copyright controversies have reached a new stage. On May 10, Baidu lost a lawsuit to Shanda Literature, a subsidiary of a leading Chinese interactive entertainment media company, Shanda Interactive Entertainment Limited. Baidu, one of the world's ...

Chinese coal producer reaps huge profits from CTL project

Shenhua Group, China's largest coal producer, has made huge profits from its pilot coal-to-liquid (CTL) project in north China in the first three months of this year, a company executive said Saturday. Zhang Yuzhuo, general manager of Shenhua Group, said at a forum held in east ...

China's land ministry urges regulating demolitions in land expropriation

The Ministry of Land and Resources (MLR) has issued a notice asking local departments to monitor forced demolitions and evictions in a bid to protect the people's interests. The notice said local land departments should map out emergency programs to cope with possible land ...

China power consumption growth rate slows in April, but strong demand in western regions

China's power consumption rose 11.2 percent year on year in April to 376.8 billion kilowatt hours (kwh), but the growth rate was 2.21 percentage points lower than March, the National Energy Administration (NEA) said Saturday. Demand was still strong, especially in western China, ...

Chinese nuclear power giant's uranium subsidiary develops new mines

The uranium subsidiary of China Guangdong Nuclear Power Group (CGNPG) has said it is developing two large mines in the mainland. The two mines will be located in south China's Guangdong province and northwest China's Xinjiang Uygur Autonomous Region, according to Saturday's China ...

Chrysler recalls 8,309 Jeep Wranglers in China

China's top consumer product quality watchdog said Friday that U.S. automaker Chrysler will recall 8,309 Jeep Wrangler vehicles sold on the Chinese mainland over potential safety hazards concerning the vehicles' automatic transmissions and related systems. Defects in the vehicles...

China Unionpay, Ping An sign strategic cooperation agreement

China Unionpay, a national bank card association, and Ping An Insurance (Group) Co. signed a strategic cooperation agreement on Friday to increase their influence in each other's industries. The two companies have launched cooperation in premium collections, issuance of Unionpay ...

Wal-Mart to invest in China's emerging e-commerce store Yihaodian

U.S. retailer giant Wal-Mart said on Friday that it has signed a deal to buy a minority stake in China's emerging online store Yihaodian. Wal-Mart said the transaction will be closed within 60 days, but the two companies did not reveal the specific volume of the deal. "Online ...

Chrysler recalls 8,309 Jeep Wranglers in China

China's top consumer product quality watchdog said Friday that U.S. automaker Chrysler will recall 8,309 Jeep Wrangler vehicles sold on the Chinese mainland over potential safety hazards concerning the vehicles' automatic transmissions and related systems. Defects in the vehicles...

Chery Auto, Bayer form lab for new materials

China's automaker Chery Auto and Bayer Group have jointly set up a lab to research and develop lightweight materials for automobiles, Chery announced Friday. "The establishment of the lab with Bayer Material Science is an important step for Chery Auto on the research and ...

Yahoo! still has hold on Alibaba

Yahoo! Inc still has a considerable say over Alibaba Group Holding Ltd after the Chinese e-commerce giant ceded ownership of its online payment business, said analysts. Yahoo's equity interest in Alibaba's subsidiary, Alipay.com Co Ltd, was transferred to a separate company, ...

Chinese tourists seek a new place in the sun

The Pacific Islands and African countries are looking to claim a share of China's lucrative tourism market, after the 2010 Shanghai Expo opened a window of opportunity for them. By sending executives and marketing officials to attend this week's Eighth World Travel Fair in ...

Coach. Inc. says owes its success to Chinese gov't

U.S.-based luxury brand Coach said China has provided it with adequate protection in intellectual property rights, which is crucial for the company's huge success in the Chinese market. "We work very collaratively with the Chinese government in protecting intellectual property ...

Leading commodities supplier Glencore launches HK IPO

Glencore International plc, one of the world's largest suppliers of commodities, started offering 31.25 million shares in Hong Kong on Friday, which is about 2.5 percent of 1.25 billion shares for its planned international initial public offering. The Swiss-based company ...

Chery Auto, Bayer partner up on lightweight materials for vehicles

China's automaker Chery Auto and Bayer Group have jointly set up a lab to research and develop lightweight materials for automobiles, Chery announced Friday. "The establishment of the lab with Bayer MaterialScience is an important step for Chery Auto on the research and ...

Technology IPOs maintain their luster

Analysts are still optimistic about Jiayuan.com International Ltd, NetQin Mobile Inc, and Renren Inc, the three Chinese Internet companies that listed on the Nasdaq this month, despite shares trading well below their IPO prices. On May 11, the online-dating and matchmaking site ...

Baidu to launch free legal music

Baidu, China's largest search engine, suspended updating its entertainment channel to prepare for the official launch of a service offering free downloads and online listening of copyrighted music, the company said Wednesday. The move was seen as a step forward for the company to ...

Yahoo shares slump over Alibaba's move

Jack Ma, CEO of Alibaba Group. Shares of Yahoo Inc. plummeted Wednesday over concerns that its stake in Chinese e-commerce giant Alibaba Group may lose value after Alibaba sold its online payment business. According to Yahoo's filing with the Securities Exchange Committee, ...

China's NBS offers explanation for misleading housing data

China's top statistics agency, the National Bureau of Statistics (NBS), offered an explanation on Thursday for a residential housing figure that confused the public. A detailed explanation by Xian Zude, the NBS's chief statistician, was published on the bureau's website after the ...
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Retailer's Net Profit Falls 3%
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Two models stand beside golf equipment and bags at a recent golf ...
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