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China's farm produce prices fall last week

The price of Chinese farm produce fell last week, the Ministry of Commerce said Thursday, indicating easing inflationary pressures this month. During the week of April 18 to 24, wholesale prices of 18 types of vegetables dropped for the fourth consecutive week, registering a 21.1 ...

Power cuts worst for smaller businesses in China's industrial areas

Power shortages across the country in recent weeks have forced some provinces to ration electricity for industrial use, causing severe financial losses to private enterprises in central and east China, China Daily reported. In previous years, electricity rationing usually ...

Huawei set to boost enterprise business

Huawei Technologies Co Ltd, China's biggest telecommunication equipment maker by sales, is set to boost its enterprise and terminal businesses in Malaysia this year, in addition to selling mobile networking equipment in the market. Since entering Malaysia in April 2001, Huawei ...

Questioning continues on Taobao group purchase project

Taobao.com, the largest internet retail business in the Asia-Pacific region, opened its "1 Penny sit-in" group purchase platform on Monday after a two-month delay. However, the launch of the project has led to questions from many Taobao users. The representative of Taobao Poly...

Kaixin001 seeks more compensation

The dispute over a domain name between China's two major social networking websites, Renren.com and Kaixin001.com, escalated after Kaixin001.com decided to appeal against an earlier verdict in the dispute. Kaixin001.com announced Tuesday that it has appealed to the Supreme People...

SAIC's profit takes a sharp drop in Q1

Net profit at SAIC Motor Corp fell sharply in the first quarter from the same period a year ago to 4.5 billion yuan (US$691 million). The nation's largest auto group said net income for the first three months of this year climbed an annual 56 percent but this was a significant ...

China's 3 musketeers race against the global auto giants

[By Zhou Tao/Shanghai Daily] The indigenous auto industry in China is a fascinating topic for those studying national technology development and industrial policies. And the auto show in Shanghai provides a rare glimpse into how China's automobile technology has been advancing ...

PetroChina's net profits up 13.9 pct in Q1

China's oil giant PetroChina Co. announced Wednesday that its net profits in the first quarter this year rose 13.9 percent year on year to 37 billion yuan (5.68 billion U.S. dollars). Its earnings per share stood at 0.2 yuan, the company said in a statement filed with the ...

China's commerce authority calls for greater efforts to crackdown on illegal food additives

China's industry and commerce authorities will intensify their crackdown on the illegal addition of non-edible materials to food and will tighten supervision of the use of food additives, the State Administration for Industry and Commerce said here on Wednesday. The administratio...

China Huarong's net profits up 165 pct in Q1

The China Huarong Asset Management Corporation (Huarong) announced Wednesday that its first quarter net profits for 2011 surged more than 165 percent year-on-year. The company's net profits went up 165.66 percent from a year earlier to reach 850 million yuan (about 128.8 million ...

China's Huawei starts manufacturing operation in India

Chinese telecom gear maker Huawei Technologies has already kicked off the production of optical network transmission equipment in a plant in Chennai of South India, said Justin Chen, CEO with Huawei Technologies India Pvt. Limited on Wednesday night. Chen said the plant also ...

IOM, China cooperate on trafficking

International Organization for Migration (IOM) Director-General William Lacy Swing said on Tuesday that more cooperation is needed on migration issues between source, transit and destination countries. The IOM will continue to partner with China to combat migrant smuggling and ...

China's Haier Q1 net profit up 47.17 pct

Haier Group, one of the world's leading white goods and home appliances makers, announced Wednesday that its first quarter net profit jumped 47.17 percent year on year to 531 million yuan (81 million U.S. dollars). In a statement filed to the Shanghai Stock Exchange, Haier said ...

China mulls rules to check profiteering in property sector

China's top price regulator is mulling rules to fight profiteering in the commercial property sector, a senior price official told Xinhua Wednesday. "We are studying costs, profits and prices in property sector and plan to make it subject to effective measures to check profiteeri...

Apple to sell white iPhone 4 on April 28

Apple Inc. on Wednesday said its white iPhone 4 will be available in nearly 30 countries and regions beginning April 28, about 10 months after the black model hit the market. The iPhone 4 first went on sale on June 24 last year, and Apple had planned to provide both white and ...

Apple denies location-tracking allegations

Apple Inc. on Wednesday denied the alleged location-tracking practice of its mobile operating system, saying it will release software updates to make iPhone store less location information to quell public concerns over privacy. "Apple is not tracking the location of your iPhone. ...

Baidu challenges rivals in battle of applications

Baidu Inc, China's largest search engine by market share, is taking on Tencent Holdings Ltd and Sina Corp in a scramble to gather application developers worldwide by fully opening its platform and offering a sizeable fund package. The search engine giant said on Wednesday that ...

Instant messaging to replace texting

Mobile text messaging could become extinct within a generation as millions of young people turn to other forms of electronic communication, the Daily Mail reports. Experts predict the amount of texts sent in the UK will drop by 20 percent in the next two years. It comes as ...

China's Huawei starts manufacturing operation in India

Chinese telecom gear maker Huawei Technologies has already kicked off the production of optical network transmission equipment in a plant in Chennai of South India, said Justin Chen, CEO with Huawei Technologies India Pvt. Limited on Wednesday night. Chen said the plant also ...

China's railways to rise to 120,000 km by 2015

China's total mileage of railways open to traffic will increase to 120,000 kilometers by the end of 2015, including 50,000 kilometers of railways in the western regions, an official said Tuesday. China currently has 91,000 kilometers of railways, said Sheng Guangzu, railway ...
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