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China's quality watchdog urges Toyota to explain latest recall

The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) urged Toyota Motor Corp. on Thursday to explain what was behind its recent recall. Li Yuanping, a spokesperson for AQSIQ, asked Toyota to "make a full explanation and provide detailed technical ...

Chinese delegation to be largest in Panama trade fair

The Chinese commercial delegation will again be the largest one in the international trade fair Expocomer 2011 in Panama, the authorities said Wednesday. Fernando Arango, president of the Commerce, Industry and Agriculture Chamber, told Xinhua in the fair presentation that China ...

China's iron ore imports drop last year as production costs rise

China's imports of iron ore stood at 618.64 million tonnes in 2010, down 9.13 million tonnes compared to the previous year, figures released Thursday by the China Iron and Steel Association (CISA) showed. But spending on the imports hit 79.43 billion U.S. dollars, up 29.28 ...

China to invest 1.5-plus trillion yuan in aviation sector over next 5 years

The Chinese government will invest more than 1.5 trillion yuan (227.3 billion U.S. dollars) in the aviation sector in the next five years to 2015, Li Jiaxiang, director of Civil Aviation Administration of China, said Thursday. The figure is half a trillion yuan more than that of ...

China's express delivery revenue up 29.5 pct in January

Revenue from China's express deliveries in January rose 29.5 percent year on year to 5.81 billion yuan (880 million U.S. dollars) with volume reaching 250 million items, up 48.3 percent, the State Post Bureau announced Thursday. Domestic inter-city items accounted for more than ...

Banks end discounts for first home buyers in Beijing

Many banks in the Chinese cities of Shanghai, Beijing and Shenzhen have stopped offering discounts on mortgage loans for first-time home buyers, China Securities Journal reported. Industrial and Commercial Bank of China Ltd., China Construction Bank Corp., and Shanghai Pudong ...

Wolters Kluwer seeks partnerships in China

Wolters Kluwer NV, Europe's largest tax and legal publisher, aims to expand in China through partnerships as consolidation in professional publishing is accelerating in the country, Chief Executive Officer Nancy McKinstry said. The company will look for partnerships in China in ...

Hon Hai plans to open retail store in Kunming

Multinational electronics manufacturer Hon Hai Precision Industry Co is investing one billion yuan ($152 million) to open a CyberMart-branded store in Kunming to test the water in digital retailing. The company signed a contract with the city government on Thursday to open a 17...

Huawei wins US ruling against Motorola

Motorola Solutions Inc can't disclose to Nokia Siemens Networks trade secrets of Huawei Technologies Co, China's biggest maker of telecommunications network equipment, a US judge said. Motorola Solutions is selling its wireless network infrastructure business, which incorporates ...

Department store event set

The World Department Store Forum 2011, an international forum on global department store development, will be held between June 9 and 10 in Shanghai, the organizers said on Wednesday. The event, co-sponsored by China's top retail group Bailian Group Co Ltd and the International ...

China to invest 1.5 trillion yuan on aviation

Beijing will invest a mammoth 1.5 trillion yuan ($229 billion) to uplift its aviation sector, including buying 700 new planes and building 45 airports to better serve people's travel demand and aid economic growth. Li Jiaxiang, commissioner of Civil Aviation Administration of ...

BOC 2010 loans rose 35 percent

Bank of China Ltd's outstanding loans to small enterprises rose 35.1 percent last year, much faster than the lender's overall credit growth, according to Liu Xiaozhong, general manager of the bank's corporate finance department. The non-performing loan ratio for small enterprise ...

China Vanke upbeat on sales

China Vanke Co, the country's biggest publicly traded property developer, said it's "confident" sales will stay above 100 billion yuan ($15.2 billion) in 2011 for a second year, Liu Aiming, Vanke's executive vice-president said at a property forum in Shanghai. The Shenzhen-based ...

CATIC buys KHD stakes

China National Aero-Technology Import and Export Corporation (CATIC) Beijing Co bought 20 percent of KHD Humboldt Wedag International AG, making it the largest shareholder of the German cement plant and equipment producer. CATIC Beijing Co is expected to achieve a 7 to 10 percent ...

Shoddy solar water heaters threaten industry reputation: association leader (5)

The government promotes solar power use through home appliance subsidies in rural areas. Last year, 243 solar water heater producers were approved for the subsidy scheme. China had an estimated 150 million square meters of solar water heater panels installed by last year, and the ...

Shoddy solar water heaters threaten industry reputation: association leader (4)

"Enterprises should open their doors to consumers by letting them visit their plants. Introducing third-party supervision is necessary for brand name businesses," Zhu said. Solar energy is increasingly in demand in China because it is clean, energy-efficient and cheap. It is ...

Shoddy solar water heaters threaten industry reputation: association leader (3)

Zhu said the CGCC had submitted more than 20 recommended industry standards to the AQSIQ's Standardization Administration. "We are now working on mandatory standards," he said. Zhu said that in order to meet global standards as a WTO member, mandatory standards, such as an energy ...

Shoddy solar water heaters threaten industry reputation: association leader (2)

China has 4,000 solar water heater producers, but very few of them felt obliged to meet independent certification and accreditation requirements, he said. He cited the case of the China General Certification Center (CGCC), authorized by the State General Administration of Quality ...

More China cities move to limit home purchases (3)

The cities were also ordered to publish, before the end of March, the annual "controlled" price targets for new homes. The government has implemented a series of measures since last year, including higher down payment and lending rates, and bans on mortgage loans for third homes, ...

More China cities move to limit home purchases (2)

Last week, the Beijing municipal government unveiled the toughest measures ever prohibiting home purchases by non-local registered families who have no proof of social security contributions or income tax payments in the Chinese capital for five straight years. More than a dozen ...
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