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China hopes to take lead in int'l hi-tech standards: China has announced its ambition at the National Standardization Conference held on Feb.24 to take the lead in high-tech international standards. China's Standardization Administration (SAC) will launch the promotion and applications of some national technologies standards within ...

JP Morgan's new branch: Investment bank J.P. Morgan Chase announced it will open its first branch in northeast China in the first half this year. The new branch, to open in Harbin, capital of Heilongjiang Province, will be the American bank's sixth branch in China, said Tong Yan, director of the J.P. ...

China's 130 airports lost 1.68 billion yuan in 2010: About 130 of the 175 domestic airports lost a combined 1.68 billion yuan, or 245 million U.S. dollars, last year, but Chinese airlines saw profits of 35.1 billion yuan, accounting for 60 percent of the profits of global airlines, said the director of the civil aviation regulator ...

Nanning to be China Unicom's new international access point: China Unicom signed an agreement with the government of Guangxi Zhuang Autonomous Region on Feb. 24, under which the south China region's capital city of Nanning will be built into China Unicom's fourth exit and entry point for international telecom services. This is mainly to ...

Shenzhen Development Bank's 2010 net profits up 25%: Shenzhen Development Bank posted a 25 percent year-on-year increase in 2010 net profit to 6.28 billion yuan, with earnings per share of 1.91 yuan per share, up 18 percent, the bank's annual report indicates. The bank reported its non-performing loan ratio fell by 0.1 percentage ...

Developers worried about capital strengths: Facing stricter housing policies, developers have slowed down land purchases and diversified their capital. Vanke, the country's largest developer by sales, will reduce its land purchasing "to pass the difficulty times," Tan Huajie, board secretary of Vanke, was quoted by caijing...

CTGC to raise capacity: The China Three Gorges Corporation (CTGC), builder of the Three Gorges Dam, announced Thursday it aims to double its installed capacity to 55 million kW 47 million kW of hydropower and 8 million kW of wind power by the end of 2015, based on CTGC's development plan.

Industrial output growth likely to slow in 2011: China's industrial output growth may slow this year, said a senior official from the Ministry of Industry and Information Technology (MIIT) Thursday. The full-year industrial added value output could rise 11 percent, down 4.7 percentage points from the 2010 growth rate, Xiao ...

Steel makers feel the pain: China's 77 large- and medium-sized steel mills reported lower than expected profit margins last year, mostly due to high raw material costs, according to a report from the China Iron and Steel Association released Thursday. In 2010, the 77 steel producers reported a total profit ...

Boost for China's civil aviation market: China's efforts to develop its civil aviation market received a boost when China Helicopter Industry Development Association signed a cooperation agreement with US-based Vertical Aviation Technologies (VAT) in Beijing Thursday. This is the second helicopter cooperation deal that ...

Joint gas project: CNPC and Chevron have started building up gas production capacity at the Chuandongbei gas field in Sichuan Province, the top Chinese oil and gas firm said Thursday, more than three years after a cooperation deal was inked. The Chuandongbei block, covering 1,970 square kilometers, ...

CBA's Henan branch: Commonwealth Bank of Australia (CBA), Australia's largest bank, has opened its first county bank branch in central China's Henan Province, to offer lending, deposit and fee-based services to small and medium-sized businesses and business owners, the bank said Thursday. The branch...

Taobao.com further opens to developers: Taobao.com, China's biggest online C2C (Customer-to-Customer) marketplace, will adopt an "open" strategy by opening its databases of shop-owners on its platform and registered users, mobile commerce business and logistics system to third party software developers, companies and ...

Dell plans to boost its Chinese market presence: Dell Inc, the world's second-largest PC manufacturer, plans to launch new commercial experience centers across China to boost its market presence, the company's China head said Thursday. The company, largely dependent on phone and web sale orders, is expected to set up more than ...

Qihoo 360 launches group buying portal by cooperation with 200 sites: Qihoo 360, a leading Chinese network security solution provider, launched its group buying portal by integrating services from more than 200 group buying sites and forming a new cooperation model in the group buying industry. "Qihoo 360 selected more than 200 partners out of over ...

Price negotiation of iron ore on halt: Iron ore price negotiations are nearly in a coma, for iron-ore mining company BHP Billiton Ltd. (BHP) has already fixed a high proportion of its iron-ore business for 2011 onwards on a monthly price basis in January, breaking away from the quarterly global contract system, said ...

HP aims to regain No 2 spot: Executives from Hewlett-Packard Co (HP), the world's largest PC maker by shipment volume, told China Daily in an exclusive interview that this year, the company expects to reclaim its number two position in the Chinese market and is aiming for growth of 25 percent year-on-year. ...

Dell to open 1,000 stores in China: The US computer maker Dell Inc said on Thursday that it will aggressively expand its sales and after-sales service network in China this year as part of its efforts to tap the local market, where domestic player Lenovo Group dominates. Michael Yang, president of Dell's operations ...

Media Markt to expand across China by 2015: Media Markt, Europe's leading electrical products retailer by market share, has announced that its Chinese joint venture will open a second store in Shanghai. The announcement came just two days after Media Markt China's biggest rival, Best Buy, put up the shutters on its Chinese ...

Toyota USA recalling over 2 million vehicles: Toyota is recalling more than two million vehicles in the United States to address trapped accelerator pedals in floormats, Toyota USA said on Thursday in a news release on its website. Toyota said it was adding about 1.4 million vehicles to its November 2009 recall for pedal ...

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