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Shanghai Electric wins 125 units of 2MW wind turbine deal from India

Shanghai Electric had signed an agreement with KSK Energy of India to export 125 units of 2MW wind turbines to India, an executive of the Shanghai-based company, who declined to be named, said Sunday. This indicates that Shanghai Electric is marching into the world wind power ...

New energy industries to fuel China's green growth

With China's ambitious plans to cut carbon emissions for a greener economy during the 12th five-year plan period from 2011 to 2015, new energy industries are becoming even more significant than in the past. These industries will be responsible for serving the country's growing ...

China's largest wind farm developer places order with Vestas for purchasing new turbines

The world's largest wind turbine maker, Vestas, said it had signed its first order in 2011 with Longyuan, China's largest wind farm developer, for selling the latter 24 new turbines, with a combined installed capacity of 48 megawatts (MW). The 24 units, all of which are of the ...

Chalco, Sapa seal deal for aluminum joint venture in southwest China

The Aluminum Corporation of China Ltd. (Chalco) signed an agreement here on Friday with Sweden's extruded aluminum profile maker, Sapa Group, to create a 50-50 joint venture in southwest China to produce aluminum parts for high-end rail transit projects. Under the agreement, the ...

China carmaker Chery sales up 26 pct in March

Chery Automobile Co., China's largest domestic brand, said Friday its global car sales rose 25.9 percent year on year to 61,240 units last month. The figure represented an increase of 73.3 percent month on month as the auto market picked up momentum after February, when demand ...

China steps up railway industry reform

China will further step up efforts to promote the separation of administration and management in the country's railway industry, according to an economic planning official. China will speed up industry reform, including that of the railway industry, said Peng Sen, deputy director ...

ZTE to fight Ericsson's patent infringement lawsuit

An IPR (Intellectual Property Rights) infringement lawsuit filed by Ericsson against ZTE Corporation recently attracted wide attention from the telecommunications industry. ZTE announced on April 7 that it has hired lawyers to actively respond to the lawsuit and defend its ...

Airbus shifts marketing focus to China

According to Airbus China on April 7, it plans to sell five to six business aircraft in China each year over the next five years. Chinese orders now account for about one-fourth of Airbus's worldwide orders for business aircraft. Chinese buyers are expected to become the main ...

China CNR Corp. reports 45% rise in 2010 profits

China CNR Corp., the nation's second largest train maker, reported Friday that its net profits surged 45.12 percent year on year to 1.91 billion yuan (291 million U.S. dollars) in 2010. Revenue hit 62.18 billion yuan, an increase of 53.48 percent year on year. The company's total ...

Facebook to open data center infrastructure designs

Facebook says it will open the technical specifications of its new data center in a move to encourage industry-wide collaboration and innovation. Teaming up with technology leaders including Intel and Dell, the online social networking giant on Thursday launched "Open Compute ...

Dell plans to 'Streak' ahead in tablet PCs

Dell Inc, the world's third-largest PC maker by sales volume, will launch its "Streak" 12.7 cm tablet PC in China by the end of April and the 25.4 cm version will be released in June, said the company's Global Vice-President Michael Yang on Thursday. The third-generation touch...

Internal frictions blocks tri-networks integration

Huang Shuo China's efforts to combine telephone, cable television and Internet networks into a single line seem to have reached a dead end. An official from the Ministry of Industry and Information Technology, one of the government regulators overseeing the project, recently ...

China plans to take lead in new-energy vehicles

A pure-electric car, developed by Shanghai Automotive Industry Corp Motor and displayed at the World Expo 2010 in Shanghai, is expected to be launched in October 2012. China is aiming for the top position in the global new-energy vehicle sector with sales volumes of 5 million ...

Chrysler to recall JEEP Wranglers in China

China's top quality watchdog said Thursday U.S. automaker Chrysler will recall 464 JEEP Wrangler vehicles in the Chinese mainland over problems with bolts that could cause noise and even affect steering while the vehicle is running. Chrysler's China company will conduct the ...

SAIC Motor restructuring

Shanghai Automotive Industry Corp (Group), China's largest automaker by sales volume and revenue, is close to attaining total securitization by plunging all of its auto-related assets into its listed subsidiary SAIC Motor Corp, to increase the latter's profitability, competitiven...

Marine areas off-limits for nuke power stations

China has suspended new approvals for the use of marine space in nuclear projects. That's after the State Council ordered a halt to the construction of new nuclear power stations, according to a statement on the website of the State Oceanic Administration (SOA). "All approvals ...

China's housing prices expected to drop, but not sharply, in second quarter

China's housing prices are expected to decline in the second quarter after some major cities experienced price slumps in March, experts say. In March, major Chinese cities, including Beijing, Shanghai, Guangzhou and Shenzhen, watched as housing prices dropped. Shanghai had the ...

China Merchants Bank to boost transformation in next three years

CEO of China Merchants Bank(CMB) Ma Weihua said on Wednesday that CMB will promote its transformation in the next three to five years amid new economic challenges. Ma made the statement in his speech at the China Business Initiative Forum organized by the Jerome A. Chazen ...

China allocates more money for subsidies to boost farm production: MOF

China will inject an additional 18.01 billion yuan (2.75 billion U.S. dollars) this year into subsidies aimed at boosting agricultural production, the Ministry of Finance said Thursday. A total of 140.6 billion yuan, including the newly allocated amount, will be used to increase ...

China Eastern Airlines to strengthen strategy in boosting global market

China Eastern Airlines will boost its global market competitiveness to raise its international reputation, the carrier's chairman announced on Wednesday in New York. Liu Shaoyong, chairman of China Eastern Airlines Company Limited, one of the country's three major state-owned ...
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Retailer's Net Profit Falls 3%
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sports

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Lucrative golf industry lures stiff competition
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