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China reiterates necessity of LVRT capability for wind turbines (2)

The SERC says that the three incidents indicate that the Chinese wind power industry must reevaluate its turbines and ensure that they will be more secure in the future. The Chinese wind power industry is expected to maintain rapid growth over the next five years. Over the past ...

China's final ruling says U.S. dumps subsidized cars on Chinese market

China's Ministry of Commerce (MOC) said Thursday in a final ruling that the United States has dumped subsidized sedans and sport utility vehicles with engine displacement of 2.5 liters or bigger on the Chinese market. The move has harmed China's domestic auto manufacturing ...

Chinese officials say railway ministry's debt ratio under control (2)

China plans to spend as much as 2.8 trillion yuan on railway infrastructure during the 12th Five-Year Plan period (2011-2015) as it works to solve transportation problems and boost economic development. There have been reports in the media that the ministry will scale back its ...

China's electricity regulator blames thermal power supply slump for power shortage

The power shortage in China is mainly due to a thermal power supply slump as the power companies are struggling financially, said State Electricity Regulatory Commission (SERC) officials on Thursday. Increasing demand and lingering drought in China also has contributed to the ...

Vestas wins 250 MW supply agreement from China

Vestas, a global leader in wind energy, announced here Thursday that it had initiated cooperation with a new Chinese customer, Inner Mongolia Guibang Shengtai Investment (GSI) Co. Ltd. (GSI). The Chinese company has placed a firm and unconditional order for 49 MW for a project in ...

China fires up world's largest coal-based olefin plant

Shenning Group, a subsidiary of China's biggest coal producer Shenhua Group, said Thursday that the world's largest coal-based olefin plant in northwest China had started operating. The plant, which it controls, is designed to churn out 500,000 tonnes of polypropylene and 240,000 ...

S China island resort to become shopping paradise with new tax-free program

"I have never seen people lining for luxury goods," complains tourist Sun Ling outside a duty-free store in Sanya, a resort city in south China's island Hainan Province. The store has seen a large jump in traffic since opening on April 20 as part of a duty exemption program aimed ...

News Analysis: China looks to central SOEs to back low-income housing projects

China is looking to its state-owned enterprises under the central government to take the lead in building low-income housing, a call seen by analysts for more "moral blood" from government property developers. China's State-owned Assets Supervision and Administration Commission ...

China may levy resource tax of 10% on oil, gas

China's planned resource tax on the sale of oil and gas may be as high as 10 percent, Bloomberg reported Thursday citing the Shanghai Securities News. The government may levy a tax of 5 percent to 10 percent of sales value, according to an amendment to temporary regulations on ...

China's railways ministry reportedly in huge loss in Q1

The Ministry of Railways suffered from a big loss in the first three months, reigniting concerns it may have to scale back high-speed rail investment because of financial crunch. The ministry reported a first-quarter loss of 3.76 billion yuan ($580 million), according to the ...

Xiamen Tungsten to invest 4b yuan in plant

Xiamen Tungsten Co Ltd, China's largest tungsten processing company, announced on Wednesday that it has agreed to invest 4 billion yuan ($615.7 million) in processing and upstream resources sectors. The investment is part of an agreement with two other companies, including a unit ...

May Day holiday retail sales up

China's key retail sales enterprises enjoyed brisk sales during the May Day holiday which lasted from April 30 to May 2, said the Ministry of Commerce (MOC) in a statement on Wednesday. During the holiday, the total sales volume surged 19.7 percent year on year, while the daily ...

Chinese firms to face global challenges

As an increasing number of Chinese companies enter the global market, they face a host of challenges. These include a shortage of skilled labor and the need for work force planning and management, according to Jeff Carr, president of Global Field Operations for Saba Software Inc ...

China Economic News in Brief: Flower export to Japan; 1st mainland firm listed on Taiwan OTC market; Hainan aquatic exports

The following are some China economic news items in brief. CHINA'S FLOWER EXPORT TO JAPAN AFFECTED BY STRONG QUAKE It is difficult for China's export of flowers to Japan to recover after it had been affected by the massive earthquake and tsunami in eastern Japan on March 11, ...

Sales of iPad 2 start today

Dozens of Apple fans start to line up outside the Apple Store on Huaihai Road M. in Shanghai last night, waiting to buy the company's new iPad 2 tablet computer. Two employees are preparing a huge poster of the iPad 2 for the device's sale launch on the Chinese mainland today. ...

Indonesia big part of ZTE plans

China's second-largest telecom equipment maker ZTE Corp hopes to double its terminal sales in Indonesia, boosting the proportion of its revenue from terminals to more than 50 percent in the next two years. After entering Indonesia in 1999, ZTE initially had difficulty breaking ...

Renren listing: sign of dot-com bubble 2.0?

Will the real Chinese Facebook please stand up? Not long ago, Qihoo 360 Technology took its show on the road overseas, dubbing itself "China's Facebook." The company, China's largest provider of antivirus software, has little to do with social networking, much less Facebook. But ...

Renren shares surge on NYSE debut

Renren, the largest social-networking website in China, debuts in New York Stock Exchange Wednesday. [CFP] Renren, considered as Chinese version of Facebook, has surged 29 percent Wednesday on the first day of its listing on New York Stock Exchange, after raising 743.4 million US ...

Mitsubishi recalls vehicles in China

Japanese automaker Mitsubishi Motors Corporation filed a report with China's quality inspection authority on Wednesday to recall some of its 2011 Mitsubishi ASX (Active Sports Xover) cars. The recall, which is set to begin next Tuesday, affects five imported 2011 Mitsubishi ASX ...

Honda China: production halt unrelated to earthquake

Honda Motor said Wednesday that the production halt at its Chinese plants was unrelated to the March earthquake that hampered its supply chains. Instead, the pause in production was due to a "routine check" that had been scheduled before the earthquake occurred, said Zhu Linjie, ...
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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 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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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
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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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