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Saab and Hawtai form strategic tie-up

SAAB Automobile Tuesday formed a strategic partnership with China's Hawtai Motor Group, which will allow the Swedish firm to secure a capital lifeline and expand in the world's largest auto market. The tie-up will allow the Dutch Spyker Cars NV-owned Saab to access 150 million ...

Brilliance boosts Benin business

The automaker Brilliance China Automotive Holdings Ltd has signed a preliminary cooperative framework with Beijing Runfar Investment Group to establish a joint venture. The deal will lead to the establishment of the largest auto plant in Benin in West Africa, with a total ...

China's food, drug industries experiencing credibility crisis: report

Following a series of scandals, China's food and drug industries are facing "serious public mistrust," a recent report has found. In a scale of one to 100, the country's food industry earned a score of 65.4, or "serious," in the severity level of cheating the public, according to ...

China's steelmakers diversify amid profits squeeze

China's steelmakers -- battling to stop their profit margins from further decreasing -- are diversifying into sectors unrelated to steel, including wine production, robot manufacturing, and real estate. While steel production in China has increased over the years, steelmakers' ...

Retail enterprises see May Day selling spree

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 ...

SOEs told to participate in subsidized housing projects

Chinese State-owned enterprises under the administration of the central government - so-called Central SOEs - have been ordered to "actively participate" in building government-subsidized homes, which is the country's top priority this year. As part of its 12th Five-Year Plan ...

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 ...

China sets up State Internet information office

The Chinese government announced Wednesday the setting up of an office to manage Internet information in a statement of the State Council General Office. The department, known as the State Internet Information Office, will direct, coordinate and supervise online content ...

Honda China says production halt unrelated to Japan's 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, ...

Milk imported from S. Korea has no formalin: Chinese agency

No formalin has been found in the milk powder imported from S. Korea into China due to different milk sources, the general agency of South Korea's Maeil Dairies said Tuesday. The declaration came after Maeil Dairies, South Korea's third-largest dairy company, was found to have ...

ZTE responds to Huawei's fingerpoint on patents

ZTE Corp responded on Friday to Huawei Technologies Co Ltd's lawsuit over patents and trademarks, claiming the former has to "fight back" any disputes, the Beijing News reported Wednesday. Huawei sued ZTE for patent and trademark infringement in Germany, France, and Hungary on ...

China internet stocks tumble before Renren's IPO

Chinese Internet companies have been falling in U.S. trading ahead of the impending IPO by by Renren. Investors are said to be worried that the new listing by China's biggest social-networking website may dillute the market by allowing the company to expand. Sina dropped 9.5 ...

China strengthens human resource development

A committee to promote the development of human resources in Beijing's Zhongguancun technological base, often referred to as "China's Silicon Valley", was established on Wednesday. The committee is being jointly organized by the Beijing municipal government, the Organization ...

Auctioning license plates far better than dodgy lottery

[By Zhou Tao/Shanghai Daily] Economists long advocated the use of auctions to assign scarce resources. Two Nobel laureates won their prize largely for that reason. Ronald Coase first proposed auctioning the airwave spectrum in a paper in Journal of Law and Economics in 1959, and ...

China's central SOEs ordered to be involved in building affordable houses

China's authorities have ordered state-owned enterprises (SOEs) under the central government to be "actively involved" in building affordable houses as part of the country's effort to provide low-income residents with affordable homes. As part of its 12th five-year plan (2010...

Chinese-made houses look for home in New Zealand

China, after supplying the world with cheap household products for almost three decades, could soon be offering New Zealanders a roof over their heads too. A New Zealand entrepreneur is hoping to offer recyclable, movable houses designed in North America and made in China, the ...

Contract to give catering employees higher wages

Hundreds of thousands of catering industry employees in Wuhan, capital of Central China's Hubei province, may soon receive more pay because of a contract recently signed by members of a local labor union and their employers. If the agreement wins the approval of local government ...

China's non-manufacturing PMI rises to 62.5 pct in April

The Purchasing Managers Index (PMI) of China's non-manufacturing sector rose for a second straight month to 62.5 percent in April, the China Federation of Logistics and Purchasing (CFLP) said Tuesday. The rise indicates non-manufacturing businesses are maintaining healthy growth, ...

'High-speed rail network development set to slow'

China may cut its investment in railway infrastructure this year by more than 200 billion yuan ($31 billion) following an earlier decision to slow down the operating speed of its high-speed trains, the Economic Observer reported on Tuesday. The Beijing-based newspaper claimed the ...

General aviation likely to be China s new growth point

AVIC International Holding Corporation recently announced that it has completed the acquisition of Teledyne Continental Motors, a U.S. aircraft engine manufacturer. As the Chinese government plans to open more low-altitude airspace (below 3,000 meters), the acquisition will make ...
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China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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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%
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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
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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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