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Beijing city vows to lower home prices in 2011

By the deadline of March 31 which China's Central Government sets for the major cities to reveal to the public a ceiling of their housing selling prices, only the capital city of Beijing made a bold vow to basically stabilize, and if possible, trim this year's price, from last ...

Chinese, U.S. steel firms open joint venture

Jinhuan steel, a leading private steel manufacturing company based in China's Hebei province, and Rigid Building Systems, a Houston-based steel building company, officially opened their joint-venture Rigid Global Buildings Friday. Jinhuan Steel invested about 11 million U.S. ...

Google Maps fails to apply for license, faces shutdown

Google has not applied for its Internet mapping license and all Internet mapping services that have not applied for the license will be shut down on July 1, said an official from the State Bureau of Surveying and Mapping (SBSM). Google's business in China has suffered one setback ...

Baidu agrees to pay songwriters

Baidu, China's largest Internet search engine, has agreed to compensate songwriters for music downloads after being criticized for years of embedding links on its site to unlicensed music files. Under an agreement reached on Thursday, Baidu will start paying songwriters via the ...

Baidu Inc reshapes its e-commerce business

Youa is a e-commerce website of Baidu Inc, China's search engine giant. Baidu Inc, China's largest search engine by market share, is reshaping its e-commerce business after failing to gain the upper hand in the country's booming online-shopping market. The company is transferring ...

Baidu to shut Youa

Baidu Inc, China's largest search engine, will shut its online e-commerce store, Youa, and migrate its users to other platforms. The shutdown will take effect in May and Youa's existing merchants will be migrated to Rakuten China and Yaodian100, Baidu said in a statement ...

Bluestar's merger of Norwegian Elkem OKed

The European Commission Friday approved the acquisition of Norwegian company Elkem by China National Bluestar, saying the deal does not impede competition in the silicon market. "The Commission examined this merger carefully for possible coordination by the Chinese state of ...

Motorola adds Xoom to China

Motorola Mobility Inc will launch its Xoom tablet computer in China before the end of June. The release will see the US-based mobile-phone giant officially competing in the market against Apple Inc's iPad, and Lenovo Group's LePad. Motorola Xoom, the world's first device to run ...

Waltons take stake in 360buy.com

Richard Liu, chairman and chief executive officer of 360buy.com, has rebuffed media reports that Wal-Mart planned to expand aggressively in China by taking full control of the website. Reports surfaced in December that the United States-based retailer was heading a consortium to ...

Google's China units found guilty for tax fraud

Google's several China units were found involved in a tax fraud case recently. Three of Google's affiliated companies in China- Google Information Technology (Shanghai) Co., Ltd., Shanghai Gouxun Advertising Company, Google Information Technology (China) Co., Ltd.- were found ...

Google-affiliated companies investigated for tax fraud in China

Three companies affiliated with the search engine Google have been investigated for tax fraud in China, Thursday's Economic Daily reported, citing sources with China's tax authority. The companies have been found using fake invoices, and accounting and business tax irregularities ...

China to build cotton reserve system to boost production

The Chinese government announced Thursday that it will initiate a cotton purchasing and reserve program starting this fall to boost domestic cotton production. To build the reserve, the government plans to purchase standard cotton at 19,800 yuan (3,018 U.S. dollars) per tonne ...

Hong Kong's retail sales up 8.6 percent in February

The value of total retail sales in Hong Kong last month was provisionally estimated at 29.2 billion HK dollars (3.75 billion U.S. dollars), up 8.6 percent from a year earlier, the Census and Statistics Department of the Hong Kong government said Thursday in a statement. According ...

China may double solar power capacity goal

China, the world's largest solar panel exporter, is likely to boast 10 gigawatts (gW) of solar power capacity by 2015 from the current 1 gW, doubling its existing target amid rising doubts about the safety of nuclear power. The country may double its target for solar power ...

Mobile security companies fighting for market share

Reported by Cai Wei, Nanfang Daily Fire of fights in the filed of traditional PC security is spreading to the growing mobile internet industry even in a more intense way. It is disclosed by some sources that the Feiliu Download scandal, which has made a stir in the mobile ...

China sets 2011 rare earth output quota

China aims to cap the total output of rare earth oxide at 93,800 tonnes this year, the Ministry of Land and Resources announced Thursday. This was 5.16 percent higher compared to the quota set for last year. China will not grant any new licenses for rare earths prospecting and ...

Chinese machinery output soared last decade, still rising steadily

The output value of China's mechanical industry grew by more than 25 percent per year over the past 10 years, increasing from more than 1.4 trillion yuan in 2000 to nearly 14.4 trillion yuan in 2010. The asset size of China's mechanical industry also increased from 2 trillion ...

Beijing to curb new home prices

The Beijing municipal government pledged to keep new home prices steady or even lower them this year in response to the Central Government's call to keep housing prices in check, local and international media outlets reported Wednesday. Beijing is the only city that wants to drop ...

China set to power on with massive nuclear plants(2)

This dilemma was further intensified as provincial governments pinned hopes for nuclear plant projects to boost local tax revenue. Ground was broken last year on the Taohuajiang nuclear power plant in Hunan Province, which is expected to bring at least 2 billion yuan ($300 ...

China may double solar power goal amid Japan nuclear crisis

China may lift its 5-year goal for solar power capacity from five gigawatts (GW) to 10 GW by 2015, a National Energy Administration (NEA) official told Xinhua Wednesday. Shi Lishan, deputy director of the renewable energy department of the NEA, confirmed a media report on the ...
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IMF chief warns of risks to recovery
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Chinese investors look to overseas opportunities
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finance

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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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sports

Yao's gift of sport for all
Yao's gift of sport for all
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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
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