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Shanghai builds Asia's largest dairy plant

Bright Food Group Co. Ltd, a leading food and dairy company in China, started building Asia's largest diary factory with a daily processing capacity of 2,000 tonnes, in east China's Shanghai on Monday. With an investment of 1.4 billion yuan (about 214.3 million U.S. dollars), the ...

'Green' auto movement facing an uphill climb (3)

But is coal any better? However, burning greater amounts of coal could create emissions that equal or exceed the emissions released by conventional internal combustion engines, causing harm to the environment. Earlier this month, the Innovation Center for Energy and Transportatio...

'Green' auto movement facing an uphill climb (2)

Intrigued, but balking Based on JD Power research of new vehicle buyers in China - and in major markets around the world - while many consumers are intrigued by the idea of owning an electric vehicle, they balk when they learn about the price premium associated with these ...

Chinese CNC signs agreements with Uzbek national broadcasting company

China Xinhua News Network Corporation(CNC) signed cooperative agreements with Uzbekistan's national broadcasting company Tuesday. According to the agreements, the two sides will strengthen cooperation in co-producing and broadcasting programs, exchanging programs, satellite ...

China vows to double workers' pay in 5 years

China is striving to increase the average Chinese wages by 15 percent annually in a bid to achieve a two-fold increase in pay by the end of 2015, the Ministry of Human Resource and Social Security (MHRSS) said according to a report in the Beijing Times Tuesday. Yang Zhiming, vice...

Auto giants showcase abilities in Shanghai

World car giants unveiled plans yesterday to introduce brand-new models and rev up investment in China, as the auto show in Shanghai kicked off with all eyes on the largest and still-rising auto market. China became the biggest car market in 2009, when other regions were reeling ...

Chinese consumers prefer green cars more than western peers

Some 50 percent of Chinese consumers surveyed consider themselves as potential first movers in purchasing or leasing an electric vehicle compared with 12 percent in the United States, 16 percent in Europe and 4 percent in Japan, according to survey results released by Deloitte on ...

First Mongolian rare earth shipment to be sold to S Korea

Green Technology Solutions Inc. (GTSO)will send its first Mongolian rare earth shipment to South Korea in June, local media reported Tuesday. In an earlier report, GTSO President John Shearer said the company had targeted April for this initial shipment. GTSO formed a joint ...

China recovers 18.63 billion yuan from illegal land-use practices in 2010: MLR

China recovered 18.63 billion yuan (2.85 billion U.S. dollars) from illegal land-use practices in 2010 with 8,612 persons held responsible, a senior official with the Ministry of Land and Resources (MLR) said Tuesday. Gan Zangchun, deputy director-general of the land inspection ...

Third party assessment to improve land-use inspection work: MLR

A third party would be introduced to assess and improve the government's land-use inspection practices in 2011, a senior Chinese official with the Ministry of Land and Resources (MLR) said Tuesday. Gan Zangchun, deputy director-general of the land inspection authority under the ...

Vestas turbine producers win large deal from China Datang in Inner Mongolia project

Vestas, the world's largest wind turbine manufacturer, has recently won a large contract from China Datang Corporation Renewable Power, said Vestas China Tuesday in Beijing. The contract includes an order for 25 two-megawatt wind turbines, which will be installed near the city of ...

China's B2B e-commerce turnover reached 3.8 trillion yuan in 2010

The "2010 Annual Survey Report on Chinese Industry-based E-commerce Websites" was released by the China E-commerce Research Center headquartered in Hangzhou on April 18. The report shows that China's business-to-business (B2B) e-commerce turnover reached 3.8 trillion yuan in 2010...

SMIC gets CIC investment to expand

Semiconductor Manufacturing International Corp (SMIC) said yesterday that China Investment Corp, the country's sovereign wealth fund, had agreed to invest US$300 million in the firm through convertible preferred shares and warrants purchase. The investment is likely to help SMIC, ...

China Unicom cuts int'l roaming fees by 45%

China Unicom, the country's No. 2 telco, yesterday said it has cut international roaming fees by 45 percent on average in 32 countries and regions, including the United States and Taiwan. The carrier cut the international rate up to 80 percent. On average, the cost of China ...

Domestic demand to drive China's auto market forward

China's auto market will continue to drive forward as firm domestic demand is set to continue over the coming years, with car makers also investing more in new energy vehicles and becoming more environment conscious. While the global automotive industry is struggling to recover ...

Toyota resumes production in Japan

The world's No. 1 automaker said it was still struggling to secure around 150 types of auto parts. [Shanghai Daily] Toyota Motor Corp resumed car production at all of its plants in Japan yesterday for the first time since the March 11 earthquake and tsunami, but said the ...

Advisers want food safety laws to be better enforced

Members of a body that advises the State Council have added their voices to Premier Wen Jiabao's and called for the government to strengthen law enforcement and supervision to reverse the trend that has seen a growing number of scandals involving food safety. Wen told a host of ...

Fashionable buyers have rotten taste

Industry insiders said that China's buyers of luxury goods are young - and lack taste. According to research from the Hong Kong Institute of Fashion Buying, China's consumers of luxury and high fashion are between 20 and 50 years old. In contrast, luxury consumers in Japan are ...

Housing prices dip in survey

Majority of cities monitored saw a fall in value or slower growth rate Property prices in key cities grew slower in March, and some actually declined, as the government's measures to curb rampant real estate speculation and tightened monetary policies began to bite. Of 70 large ...

Expert says rush to build hydropower poses risks

The largest obstacle China must overcome as it looks to build hydropower projects in its seismically active southwestern regions is the need to use technology that will reduce the danger posed by earthquakes and other disasters, a senior water conservation official said on Monday...
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