industry

Many Chinese toy companies are feeling the pinch of RMB appreciation and hikes in production costs and are now struggling with hardship to generate profits, the China Business News reported Wednesday. Gu Wu, general manager of Shenzhen HuaKun Industrial Development Co., LTD told ...
"We would like to fully exploit the advantages of Xinhua as an official agency with a large amount of news and information, and that of China Mobile in terms of technology, advanced operation principles and a strong infrastructure," he said. Wang Jianzhou, chairman of China ...
Nineteen stores of Carrefour and Wal-Mart in China were fined 9.5 million yuan (1.45 million U.S. dollars) for cheating consumers over prices, said China's economic planner and price regulator Tuesday. The National Development and Reform Commission (NDRC) disclosed the cases of ...
China's Anshan Iron &Steel Group Corp. has inked a deal with British Stemcor to set up a joint venture, an official of the Chinesecompany said Tuesday. Anshan, the state-owned parent company of Ansteel based in northeast China, and Stemcor will each hold a 50 percent stake in the ...
Lumber sales to China from British Columbia skyrocketed last year and a top official in Canada's largest timber-exporting province believes it can continue to grow despite increasing US competition. Forestry firms in the western Canadian province shipped 4.6 million cubic meters ...
Compared with domestic players, Best Buy purchases property and goods and hires staff by itself, which makes the investment in the first stage huge, resulting in a bigger risk, Chen Can, a senior analyst from Analysys International, yesterday told the Global Times. "In China, ...
It used to be the Russians who splurged on tax-free shopping for authentic and luxury brands while traveling to European countries. Since last summer, not only have Chinese tourists emerged as the top tax-free shoppers in Europe, their average spending for each transaction ...
Bosch and Siemens Home Appliances Group (BSH) said on Wednesday that it plans to build a new refrigerator production base in China. The announcement underlines the Germany-based company's ambition to further expand in China's growing high-end refrigerator market. The company said ...
Commonwealth Bank of Australia opened a rural branch in Jiyuan, Henan province, on Wednesday. The first foreign rural bank in Henan, a major agricultural area and the most populated Chinese province, has registered capital of 80 million yuan, with Commonwealth Bank contributing ...
China's largest online shopping site Taobao.com will set up a 300-million-yuan fund to attract external developers to provide applications for its sellers and buyers, said Taobao Chief Executive Officer Daniel Zhang on Wednesday. About 110,000 developers have developed 36,000 ...
NIKE, Inc. will have the annual revenue of its operations in greater China double the level for 2010 fiscal year in 2015, according to Craig Cheek, vice president of Nike, Inc. and general manager of Greater China for NIKE, Inc. Nike's revenue in Greater China for the 2010 fiscal ...
Oil prices will keep their growth momentum in the long run due to the ballooning exploration costs and the hike in energy demand on the back of the accelerating global industrialization pace, said Fu Chengyu, chairman of China National Offshore Oil Corporation, the country's ...
Home purchases remain the most popular choice of investment, the survey finds. "Property prices are sure to grow in the long run. A plunge is impossible, even though the tightening policy continues," said Xu Ying, a resident in the southern economic boomtown of Shenzhen, ...
Aside from purchase limits and property taxes, the government also vowed to provide 10 million subsidized affordable apartments nationwide to low-income families this year. That figure roughly translates into half of the housing floor space sold on the market in 2010. But for ...
He added that property developers and house buyers are waiting for the annual national congress sessions next March to see whether the government will continue to raise lending rates and introduce property taxes in other cities. Revenue from land sales is a major source of local ...
Steve Jobs is a legendary person whose vision has changed the way how computers and cell phones function, and his health certainly has impacts on Apple Inc. he founded and even beyond the computer world. Jobs announced indefinite medical leave from Apple on January 17. Since then ...
Apple Inc is expected to launch the next-generation iPad next week as it seeks to consolidate its leading position in the tablet computer market to stave off challenges from rivals, media reported yesterday. Apple will hold a conference in San Francisco to launch the new iPad, ...
Hewlett Packard Co, the world's largest PC manufacturer in terms of shipments, is finally ready to step into the tablet world, with the announcement of its first slate running on its latest WebOS operating system. The US corporate and consumer electronics giant announced the HP ...
Ten of the 70 surveyed cities reported increases of more than 10 percent from a year ago, the National Bureau of Statistics said. Six cities also saw second-hand home prices go up by at least 10 percent. In Beijing, one square meter in a new apartment sold for an average of 20...
A woman walks past a screen featuring Huawei's logo. China's Huawei Technologies Co., Ltd. said Wednesday it had won a lawsuit against Motorola and Nokia Siemens Networks (NSN), and a US court has now prohibited Motorola from selling any confidential data from Huawei to NSN. A ...
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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 ...
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 ...
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 ...
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 ...