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Doubts raised over quality of housing projects

Worries arose over the quality of the buildings put up as part of China's social housing program for the poor after substandard walls were found in a project for shantytown dwellers in Baotou city, the Inner Mongolia autonomous region. The project, in the Binhe district and ...

East China province moves to ease vegetable oversupply

Some super markets, school and company canteens are on a buying spree in east China's Shandong Province as the government urged them to help relieve farmers from an oversupply of vegetables. Municipal authorities should take immediate actions to "help farmers tackle difficulties ...

China CYTS Tours Holding releases annual and quarterly reports

China CYTS Tours Holding Co. Ltd., a major travel service provider in the country, reported on Sunday a 4.53-percent year-on-year increase in 2010's net profit and a 23.9-percent year-on-year profit decrease in the first quarter of this year. Its net profit stood at 265 million ...

China's tourism industry needs to serve more people: official

China's tourism businesses should extend their services to serve more people as domestic travel remains a major contributor to the country's tourism industry over the next five years, officials from the China Tourism Academy said Sunday. Further, Chinese businesses should serve ...

China CYTS Tours Holding releases annual and quarterly reports

China CYTS Tours Holding Co. Ltd., a major travel service provider in the country, reported on Sunday a 4.53-percent year-on-year increase in 2010's net profit and a 23.9-percent year-on-year profit decrease in the first quarter of this year. Its net profit stood at 265 million ...

China's leading liquor producers post strong revenues in Q1

China's leading liquor producers Kweichow Moutai Co., Ltd. and Yanghe Brewery Joint-stock Co. both posted robust earnings in the first quarter on strong market demand, according to their quarterly reports released on Saturday. Net profit of Kweichow Moutai Co., China's largest ...

China banks head for fresh property stress test

China's banking regulator has told banks to conduct another round of stress tests to assess a possible plunge in property prices, envisioning a worst-case 50 percent fall in prices, the official China Securities Journal said on Friday. The latest directive, which cited Beijing, ...

iPhone, Android smartphones collect users' data

Apple and Google collect smartphone users' location information as part of their race to build massive databases, The Wall Street Journal reported on Friday after analyzing data and documents. According to the report, security analysts with the newspaper found that Apple's iPhone ...

TCL to add Samsung into the picture

The Samsung Electronics Co booth at the 2011 Consumer Electronics Show in Las Vegas. TCL Corp announced that it will invest $100 million to form a joint venture with Samsung.[China Daily] Samsung Electronics Co is set to obtain a 15 percent stake in Shenzhen Huaxing Photoelectric ...

Samsung files patent lawsuits against Apple

Samsung Electronics Co. said Friday it had filed lawsuits against Apple Inc. in South Korea, Japan and Germany, a week after its rival sued it over allegedly violating patents and trademarks of the iPhone and iPad. Samsung said it filed a suit Thursday in the Seoul Central ...

Portal acquisition

Nasdaq-listed video website operator Ku6 Media Co said it will acquire Hangzhou-based Pipi.com, a smaller Internet video platform, through an all-stock transaction. Ku6 will issue 2.2 billion ordinary shares to shareholders of Pipi.com and the transaction is expected to be ...

Auto special: Smart car, but 'Big, in the city'

Kobe Bryant is joining the brand as smart aims to increase its emotional appeal to Chinese customers. [China Daily] It is hard to find a car that compares with Mercedes-Benz's smart car. It is agile on city roads, and is not only one of the shortest mass-produced cars in the ...

Chinese chamber responds to U.S. probe of Chinese auto parts

A chamber of commerce representing China's steel wheel manufacturers has responded to an anti-dumping and countervailing probe launched by the United States on Tuesday, the chamber said on Thursday. Three major U.S. importers expressed their support for China's position, while ...

Baidu urged to start new chapter in dispute

China's copyright authorities on Thursday urged Baidu, the largest search engine in the country, to come up with a plan to properly overhaul its online literary database. The call came as investigations continued into a copyright dispute between the company and about 40 Chinese ...

State Council seeks stricter ban on additives

The State Council called for stricter regulation of the use of food additives on Thursday in response to a series of food safety problems, one of which led to the recent seizure of 16 tons of contaminated pork in Guangdong province. The announcement required the Ministry of ...

New nuclear power plants 'set to be approved'

New nuclear power projects may be approved, following suspension of the procedure on March 16 by the State Council after the Japanese tsunami, when the nuclear safety plan is issued, probably in August, a senior nuclear expert said. "Operating plants and plants under construction ...

China customs seize 4,500 items for copyright infringement

China's General Administration of Customs said on Thursday that it seized more than 4,500 items in a campaign to clamp down on copyright infringements and counterfeiting over the six-month period that ended in March. The items involved were worth 110 million yuan (16.9 million U...

China steps up crackdown on online copyright infringements and counterfeiting

Chinese authorities shut down 410 websites involved in copyright infringements and counterfeiting in the first three months of 2010 in an intensified effort to clamp down on online cheating, the Ministry of Commerce (MOC) said Thursday. China had investigated 496 cases of ...

Sinopec to buy 4.3 mln metric tonnes of LNG annually from Australia

China Petrochemical Corp. (Sinopec) agreed to buy 4.3 million metric tonnes of liquefied natural gas (LNG) annually from Australia Pacific LNG for 20 years, Sinopec Group, Sinopec's parent company, said Thursday. Sinopec Group said the gas will be delivered from Queensland, ...

Goldwind integrates China's first high-altitude wind turbine into power grid

Xinjiang Goldwind Science and Technology Company, China's leading wind turbine manufacturer, has integrated the country's first 1.5-megawatt direct-drive permanent magnetic wind turbine for high-altitude areas into the country's power grid, the company said Thursday in Beijing. ...
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Retailer's Net Profit Falls 3%
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Yao's gift of sport for all
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