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Sinopec finds rich natural gas wells in SW China

Sinopec Group, one of China's oil giants, announced Tuesday that it had found two highly-productive natural gas wells in Southwest China's Sichuan Province. The two wells in Sichuan's Yuanba District are capable of daily producing 940,000 cubic meters and 1.36 million cubic ...

Minmetals Resources withdraws $ 6.6 bln acquisition plan for Equinox

Minmetals Resources (MMR), China's biggest metal trader, said Tuesday it withdrew the planned bid of offering to acquire copper miner Equinox Minerals for 6.3 billion Canadian dollars (about 6.6 billion U.S. dollars). MMR said Equinox will recommend its shareholders to accept an ...

Tourism island may give buyers a break

Haikou, the capital of South China's island province of Hainan, may become the first city to loosen restrictions on home ownership that were brought in to cool the housing market. The move is being mulled, in part, because tax revenue from the sale of residential property has ...

Lotte mulls 10-billion-yuan investment in central China

Lotte Group, a Fortune 500 company from the Republic of Korea, is considering spending about 10 billion yuan (1.5 billion U.S. dollars) to build a business center in central China's Hubei Province. A team of high-profile managers, led by Lotte chairman Shin Dong Bin, visited the ...

Chinese software industry Q1 revenue surges 27 pct: MIIT

China's software industry revenue in the first three months surged 27 percent year on year to 345.4 billion yuan (53 billion U.S. dollars), the Ministry of Industry and Information Technology (MIIT) said Tuesday. In the first three months, the growth rate of the industry's ...

China seeks public input on proposed tax threshold changes (4)

"If the threshold is 5,000 yuan, then only less than 10 percent of the working class will need to pay personal income tax," Jia said. Also, under the draft amendment, the peak PIT rate of 45 percent will apply to those who earn a monthly salary higher than 82,000 yuan, down from ...

China seeks public input on proposed tax threshold changes (3)

Liu said the personal income tax threshold hike is "good news for most people." "Because the current 2,000-yuan personal income tax threshold is already lower than average living costs in big cities such as Shanghai and Beijing," Liu said. More than 200 million people, who belong ...

China seeks public input on proposed tax threshold changes (2)

The draft shows the government's resolution to address people's two major concerns, namely inflation and the widening income gap, said Gao Peiyong, a researcher with the Chinese Academy of Social Sciences. China's consumer price index (CPI), a major gauge of inflation, jumped 5.4 ...

Intellectual works prone to theft on Net in Shanghai (2)

"Websites that sell products can take measures to avoid trademark infringements and other violations of intellectual property rights," Zhu said. "For example, the site owners can use technical means to monitor trading and the identity of sellers, as well as adopt procedures to ...

Anti-counterfeit campaign bearing early fruit in south China's Guangdong

Since the start of a special campaign in October, Guangdong police have investigated 910 cases arising from the production and sale of counterfeit goods in violation of intellectual property rights. More than 2,000 suspects were detained after investigators shut down 546 places ...

China: the next lap of luxury?

European luxury goods companies may target China as they seek to minimize the impact of the Japanese earthquake on their businesses. The destruction wrought by the quake is likely to have far-reaching consequences on consumer spending in Japan, which may lead to companies ...

Digital camera imports from Japan to Beijing decline

Imports of digital cameras from Japan to Beijing declined by 8.8 percent in the first quarter of 2011, indicating the increasingly severe fallout from the March earthquake in Japan, the Beijing municipal government said on Monday. The earthquake on March 11 has hurt Japanese ...

Sony shows Android tablets

Promoters pose with Sony's first tablet PCs S1 (left) and S2 at their unveiling ceremony in Tokyo yesterday. Sony, a laggard in the booming tablet market, launched its first tablet computers in an ambitious attempt to grab second spot in the market created and dominated by Apple...

China Unicom net profit drops

A China Unicom (Hong Kong) Ltd "Wostore" in Beijing. Subsidies to attract 3G users cost the company 1.9 billion yuan in the first quarter. [China Daily] China Unicom (Hong Kong) Ltd, the nation's second-largest mobile phone company, posted first-quarter profit that fell more than ...

A tangled Web of social networking

Kaixin001 has 120 million registered users but the company has not disclosed its sales revenue. The battle between two major Chinese social networking sites, Renren.com and Kaixin001.com, will soon spread to the US stock market. That's because the two companies are planning IPOs ...

Dianping.com gets venture capital

Shanghai-based Dianping.com, which collects user reviews and recommendations of restaurants, shopping and entertainment services, yesterday said it has secured US$100 million from four venture capital firms. The four firms included Sequoia Capital, Qiming Ventures, Trust Bridge ...

ZTE shifts focus to smartphones

A ZTE booth at China International Exhibition Center in Beijing last year. The company expects to ship 12 million smart terminals in 2011, almost 90 percent of which will be smartphones. [China Daily] China's second-largest telecom equipment maker ZTE Corp is set to boost its ...

Chinese software industry Q1 revenue surges 27%

China's software industry revenue in the first three months surged 27 percent year on year to 345.4 billion yuan (53 billion U.S. dollars), the Ministry of Industry and Information Technology (MIIT) said Tuesday. In the first three months, the growth rate of the industry's ...

Nokia Siemens ringing up the right numbers

Nokia Siemens Networks - a joint venture between Nokia Oyj and Siemens AG - will complete its acquisition of Motorola Inc's network equipment assets on April 29. The completion comes after the company finally got the green light from all nine antitrust regulators worldwide, ...

Nintendo to launch new Wii

Japan's Nintendo Co Ltd said yesterday it will launch an upgraded model of its popular Wii game console in 2012, in a bid to reverse a fall in profits as sales of the aging first version ebb. Japan's leading game console will unveil a prototype of the new Wii in Los Angeles on ...
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Bill Gates talks nuclear
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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
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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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