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China Mobile offers users free Wi-Fi services

China Mobile will upgrade its Wi-Fi network to cover 35 million square meters of buildings in Shanghai, including airports, railway stations and university campuses by 2011, the telco said yesterday. It will also provide three hours of free Wi-Fi services each month to 20 million ...

SAIC rolls out own-brand van for global market

SAIC Chairman Hu Maoyuan announced the Maxus Datong on Feb 28. The van is expected to make its debut during the upcoming Shanghai Auto Show in April. [China Daily] China's biggest carmaker Shanghai Automotive Industry Corp (SAIC) has moved to further consolidate its leading ...

Weak auto sales split analysts over year's prospects

Two men at a car market in Nanjing, Jiangsu province. The slight decline in China's auto sales in February could presage a downturn in coming months, some analysts warn. [China Daily] China's passenger vehicle sales dropped slightly in February from last year, the first fall in ...

US will be first to get the new China-made electric Coda

Coda Automotive Inc, a start-up company based in California, will sell its first model - a China-made all-electric sedan - in the US in the second half this year, according to its chief executive Philip Murtaugh. Coda's battery management technologies will be used in a Hafei ...

China Vanke 2010 net profit up 36.65 pct, sales top 100 bln yuan

China Vanke Co., the country' s biggest developer by market value, said its 2010 net profit rose 36.65 percent on strong demand for homes. Its net income surged to 7.28 billion yuan (1.1 billion U.S. dollars), from 5.3 billion yuan in the previous year, the company said in a ...

20 mln fishermen benefit from China's subsidy mechanism: official

China's plan to subsidize diesel oil used in fisheries benefited more than 20 million fishermen over the past five years, a Ministry of Agriculture (MOA) official said Monday. The subsidy plan has greatly eased financial pressures felt by fishermen after a surge in oil prices, ...

China expects 13 pct annual growth in marine economy in next five years: oceanic official

China's marine economy is expected to grow at an annual rate of more than 13 percent in the next five years, Liu Cigui, director of the State Oceanic Administration, said Monday. "Development of the industry has just started in China," Liu told Xinhua in an exclusive interview, ...

Flagship Barbie store in Shanghai closes

The flagship Barbie store was closed on Monday in the Chinese business hub Shanghai after just two years. The popular brand's owner explained the closure as a change in strategy. Mattel Incorporated, the world's largest toy maker, confirmed the store's closing but said that ...

Caterer turns on the heat (2)

The motto at Haidilao is "Service first, customers first" and it has been known to push it to the extreme. One of Haidilao's first tactics to lure Chinese diners was a free nail beauty service while they waited for a seat. There were also free drinks, fruit and cake as well as ...

Prototype of China's first homegrown jumbo jet debuts in Beijing

The prototype of C919, China's first independently-developed jumbo jet, is being showcased in Beijing from March 3 to March 14. This time a full-scale front half of the prototype will be showcased. The actual first jumbo jet is planned to have its maiden flight in 2014, and to be ...

Grain prices 'will be stable'

Ample reserves will ensure stable grain prices, Zhang Ping, who heads the National Development and Reform Commission (NDRC) - the top economic planning agency - said on Sunday. Some 100 million tons of wheat currently in storage, and stockpiles of other grains, account for 40 ...

Financial leasers thrive in agriculture

Assets of China's financial leasing companies totaled 310 billion yuan ($47.15 billion) in 2010, up from 160 billion yuan the previous year, playing an increasing role in promoting agriculture. "They have strong financial strength and profitability capabilities," said Cong Lin, ...

High-speed rail stays on track (2)

As for whether the ministry should build so many high-speed railways in only a few years, Wang Mengshu, a professor at the Research Center of Tunnel and Underground Engineering at Beijing Jiaotong University and a deputy to the NPC, said that forming a network in a relatively ...

Apple offers refund to recent iPad buyers

Customers try out Apple's iPad at a Shanghai store. People who bought the tablet within two weeks before the discounted price was announced on March 3 can get a partial refund. [China Daily] Apple Inc has said it will refund 1,100 yuan ($167) to its customers who recently bought ...

Trials planned for TD-LTE

A China Mobile logo at an exhibition in Beijing. China Mobile will set up more than 1,000 base stations in seven cities this year for a TD-LTE test, according to a statement of the company. [China Daily] China Mobile Communications Co, the parent of world's largest telecom ...

Lenovo to launch LePad 2

Workers prepare a Lenovo Group Ltd. computer display during the 2011 International Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Monday, Jan. 4, 2011. [CFP] The Chinese computer maker Lenovo Group said on Monday that it plans to launch the second version of its ...

China's grain reserve hits 40 pct of annual consumption

China's grain reserve has reached 40 percent of annual consumption, much higher than the world standard of 17 to 18 percent, Zhang Ping, minister of the National Development and Reform Commission, said Sunday. China's wheat reserve stands at 100 billion kilograms, about the ...

Blacktop highway to reach all Tibetan counties in five years: transport minister

Blacktop highway will reach all counties in Tibet during the 12th Five-Year Program period (2011-2015), said Li Shenglin, China's transport minister, during the ongoing parliamentary session. Li said the central government would significantly increase investment to improve ...

Industry leader calls for consolidation of China's rare earth industry (2)

Zhou said earlier in January that China Minmetals, whose export and production of medium-heavy rare earth ranked at the top of the local industry last year, would acquire more rare earth mines to enhance the proportion of upstream resources. Export quotas, subsidies on interest ...

Dongfeng Motor Feb. sales up 29.8%

Chinese automaker Dongfeng Motor sold 19,540 vehicles in February, up 29.8 percent year on year, figures released on Saturday showed. Dongfeng's auto output in February reached 18,250 units, an increase of 11.3 percent from a year earlier, the company said in a report to the ...
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