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Three lots auctioned in Hong Kong with "satisfactory" prices

The Hong Kong government conducted its second land auction in fiscal year 2011 (starting from April 1, 2011) on Thursday, selling three lots at the high end of estimated prices, showing strong needs in the market. The around 14,700-square-meter site, locating in the Hong Kong ...

Chinese mining company makes presentations at Guinea's Mines Expo

The International Mineral Investment of the China Power Investment company (CPIIM) on Wednesday presented its mining capabilities at the Guinean Mining Exhibition opened this week. The company, which was founded in 2009 with its headquarters in Beijing, wants to partner with the ...

More land opened up for affordable housing

The supply of land for subsidized housing is increasing dramatically in 2011, the nation's land watchdog said. An estimated area of 77,400 hectares is planned for government-subsidized housing projects, nearly 140 percent more than last year, Liao Yonglin, director of the land ...

China to double land supply amid efforts to cool housing market

The Chinese government will increase its supplies of available land for residential housing development this year as part of the country's efforts to curb its runaway property market. China plans to have 218,000 hectares of land available for housing development in 2011, nearly ...

Gezhouba to build, operate Indonesian hydropower plant

China Gezhouba Group Corp, the parent of the Three Gorges Dam builder, plans to invest $1 billion to build a hydroelectric power plant in Indonesia's Sulawesi Selatan province. The move is part of a strategy to consolidate the company's presence in Indonesia's utility sector. ...

Sina poised to expand Weibo's footprint

Sina Corp, owner of China's largest Internet portal, said yesterday it will invest US$100 million in its microblogging platform Weibo this year as it seeks to build a larger and more influential social media platform. "We will seek to build up our competitive edge against other ...

Google's Chrome debuts in June

Sundar Pichai, Google's vice president of product management, displays an Acer notebook running on the Chrome operating system at the Google IO Developers Conference in San Francisco on Wednesday. [Shanghai Daily] Laptop computers using Google's Chrome operating system will go on ...

Sina Weibo announces 140 mln registered users at the end of April

Sina Weibo, a Twitter-like microblog service, on Thursday announced that it had about 140 million registered users at the end of April, up from 100 million at the end of February. Sina estimates that its microblog service will have more than 200 million registered users by the ...

Facebook denies smear campaign against Google

Facebook on Thursday denied waging an alleged smear campaign against Google after it admitted having secretly hired a top U.S. PR firm to plant controversial stories on Google to media outlets. Facebook insisted in a statement that "no smear campaign was authorized or intended," ...

Tencent's Q1 profit soars 61%

Tencent, China's largest Internet company by market value, Wednesday said its first-quarter profit soared more than 60 percent as it benefited from booming income in online games. Tencent, which operates the country's most popular online chatting tool QQ, said profit surged 61 ...

Toyota denies output claims

Toyota Motor Corp Tuesday denied a report its output would return to pre-quake levels two or three months earlier than expected, but said it will try to resume normal production as soon as possible. Japan's automakers have slashed production after the massive earthquake in March ...

6,599 Ford Mondeo-Zhisheng cars recalled in China

China's quality control authorities said 6,599 Ford Mondeo-Zhisheng automobiles with defective power cables will be recalled starting Wednesday. These automobiles were produced between Feb. 14 and April 16 with defective power cables, which could heat up and release smoke due to ...

Power shortage disrupts life, production in China

All the electric gates of modern apartment buildings in Kaifu District of Changsha City are kept wide open. Once closed, they wouldn't open again because of an ongoing power shortage. Such scenarios are not uncommon in central China's Hunan where people's lives are being ...

6,599 Ford Mondeo-Zhisheng cars recalled in China over flawed cables

China's quality control authorities said 6,599 Ford Mondeo-Zhisheng automobiles with defective power cables will be recalled starting Wednesday. These automobiles were produced between Feb. 14 and April 16 with defective power cables, which could heat up and release smoke due to ...

Boeing to double Chinese procurement by 2015

U.S. aircraft maker Boeing expects to double its purchasing of raw materials and services from Chinese suppliers by 2015, said the general manager of Boeing's parts factory located in China's northern industrial city of Tianjin. Boeing Tianjin Composites Co., Ltd. currently buys ...

Toyota to resume production in China in June

Toyota will resume operations in China in June, two months earlier than expected, Toyota Motor (China) Investment Co. announced Wednesday. The carmaker said a recent companywide review indicated production would recover to normal levels in its factories in China in June. ...

Chinese experts call for safer, more effective nuclear power development

Japan's Fukushina nuclear accident should not stop China from pursuing its own strategy for nuclear development, but it should be taken as a warning that China should develop nuclear power in a "more effective way" with safety as a top priority, said nuclear experts. Security ...

China's Jiayuan.com falls on Nasdaq debut

Jiayuan.com, China's biggest dating website, fell on its first day of trading at the Nasdaq stock exchange. The Beijing-based company, known to the U.S. investors as " China's Match.com," sold 7.1 million shares at 11 dollars a share, the midpoint of its expected range of 10 to ...

Sales of China's homegrown autos see month-on-month decline

Production and sales of domestically-produced cars dropped by more than 15 percent month on month in April, according to the latest data released today by China Association of Automobile Manufacturers (CAAM). This is also the first decline this year in the domestic auto market, ...

China's property sales rose 13.3% in first four months

The value of property sales in China during the first four months rose 13.3 percent year on year to reach 1.4078 trillion yuan (about 217 billion U.S. dollars), according to the nation's top statistics authority on Wednesday. Sales of residential housing rose 11 percent, while ...
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