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HK's sole railway operator plans fare hike of 2.3 pct

Hong Kong's sole railway operator Mass Transit Railways (MTR) announced Thursday the plan to raise average train fares by around 2.3 percent in June. The company said in a release that the 2.3-percent rise was decided under the Fare Adjustment Mechanism adopted in 2007. FAM is ...

Japan quake brings more opportunity than pain to China's agricultural products exporters: officials

Chinese producers and traders of agricultural products complain that exports to Japan have suffered a sharp decline since a massive quake and tsunami disrupted the country's transportation systems and power supply supplies. Agricultural officials and other experts believe that ...

Regulatory squeeze on China's real estate may prompt mergers

Since the implementation of restrictions on real estate purchases, the turnover in first-tier cities has dropped drastically. Moreover, the central bank announced on March 18 it will raise the reserve rate by 0.5 percentage points to 20 percent, which will put stress on the ...

British talent may join China's large aircraft project

The AVIC Commercial Aircraft Engine Corporation Limited (ACAE) officially launched overseas recruitment for its China-made large aircraft engine project on March 23. This is the first time China's aviation industry has sought to recruit overseas talent. A work team composed of ...

China Gold Int'l plans to acquire gold, copper mines abroad

Hong Kong-and Toronto-listed gold producer China Gold International Resources Corp Ltd plans to boost production of copper and to acquire gold and copper mines outside China, the company's executive vice-president said. China Gold International, 42 percent owned by State-owned ...

Guangdong Nuclear may cut bid for Kalahari

State-owned China Guangdong Nuclear Power (CGNPC) may cut its proposed 756 million pound ($1.2 billion) offer for uranium miner Kalahari Minerals in light of Japan's nuclear crisis, a CGNPC official said on Wednesday. The official said CGNPC and Kalahari, which backed the ...

US to introduce China's high-speed rail

Chicago is on track to become the first American city to introduce China's high-speed railway system. Chinese companies are also expected to fund this billion-dollar project. That's the word from Chicago Mayor Richard Daley. He's on a two-week visit in China at the invitation of ...

Japan earthquake rattles carmakers in China

The global supply chain disruption following the earthquake and tsunami in Japan has sent shockwaves through auto makers in China, especially companies that are funded by Japanese car makers. Many Japanese carmakers and parts producers have shut down operations because the ...

Ixonos expands operations to China

Ixonos Device Creation Centre offers end-to-end services for mobile device design and development. Due to the growing demand of these services, Ixonos has expanded the unit's operations to Beijing, China, to serve the clientele in the Asian market. Ixonos is a world leader in ...

Ministry of Health to ban smoking at indoor public areas

The Ministry of Health released the revised "Health Management Ordinance Implementing Regulations for Public Places" on March 22, and new regulations, such as prohibiting smoking in indoor public places, were added. Xie Yang, director of the Environmental Health Office of the ...

Australia's Sundance close to Chinese deal on Mbalam iron ore project

Australian mining company Sundance Resources Ltd said on Wednesday a strategic partner for its 4 billion U.S. dollars Mbalam iron ore project in West Africa was most likely to be a Chinese state-owned steel mill. The Perth-based international iron ore company said discussions ...

Vast majority of US-funded China firms profitable

U.S.-funded enterprises in China are no longer worried about a possible double-dip recession for the Chinese economy, and 83 percent of respondents will increase business investments in China in 2011, according to the "2011 Business Environment Survey" published in Beijing on ...

Tibet speeds up nonferrous metal industry development

In Qamdo, a prefecture in eastern Tibet, the mineral industry has been listed as a local economic pillar and is scheduled for further promotion during the 12th Five-Year Plan period (2011-2015). The construction of a nonferrous metals base will be sped up. Qamdo is located in the ...

Chinese-funded enterprises have 50 large-scale projects in Libya

Chinese-funded enterprises are currently contracted for a total of 50 large-scale projects in Libya involving 18.8 billion U.S. dollars, and the political unrest in Libya indeed has caused a considerable impact on Chinese-funded enterprises, said Yao Jian, spokesperson for the ...

Dell begins building a new center in China

Computer maker Dell Inc. started constructing a new operation center in the southwestern city of Chengdu on Wednesday, in its latest move to tap into the rising market in west China. Dell's new center in Chengdu, the capital city of Sichuan, is the second of its kind in China ...

iPad 2 heads to HK but not mainland

Apple's latest generation iPad 2 will be sold in Hong Kong, Singapore and South Korea in April but no date has been announced for its debut on the Chinese mainland. There is still "no information" about the domestic debut for iPad 2, Apple China said yesterday. The device, which ...

Baidu to create mobile OS

Baidu is planning to develop a light operating system for mobile devices, CEO Robin Li told the Financial Times, stirring up criticism that the company is once again following Internet giant Google. Over the next three to five years, Baidu will create an operating system that ...

Telco seeks openings via investment

China Telecom Corp plans to invest 50 billion yuan (US$7.6 billion) this year to grow its base of 3G mobile phone users and acquire network assets from parent firm. The amount to be invested this year is an increase from 43 billion yuan spent last year. The country's third...

Nintendo 3DS could 'identify vision issues'

Eye specialists are welcoming the Nintendo 3DS game device, dismissing the manufacturer's warnings that its 3-D screen shouldn't be used by children 6 or younger because it may harm their immature vision. On the contrary, the optometrists say, it's a good idea to get your kids to ...

AT&T faces T-Mobile battle

A T-Mobile billboard is shown near the Bellevue, Washington, headquarters of T-Mobile USA on Monday. AT&T is seeking to buy T-Mobile USA for US$39 billion. [Shanghai Daily] AT&T Inc will likely be forced to sell major assets and pledge to expand service to poor areas to get ...
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china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

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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