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China to let 20 more SOEs fully exit real estate business this year

More than 20 centrally administered state-owned enterprises (SOEs), whose core business is not property, will fully exit the real estate business this year. Shao Ning, deputy chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC)...

Xinhua launches search engine with China Mobile

Xinhua News Agency launched an Internet search engine jointly with China Mobile on Tuesday. The search engine, www.panguso.com, is expected to combine the advantages of Xinhua, a leading news agency and content provider, and China Mobile which has the latest network technologies, ...

Number of Chinese 3G users surpasses 50 million

China's three major communications firms together added more than 11 million mobile customers in January, ending the month with a total of nearly 853 million mobile users. Among those, 3G users totaled more than 50 million, according to figures from the mobile companies. China ...

Alibaba bosses step down

E-commerce giant Alibaba said yesterday its chief executive and head of operations had resigned after a probe found fraudulent suppliers had used the site to cheat buyers. David Wei and Elvis Lee resigned as chief executive officer and chief operating officer respectively, ...

CNPC to expand pipeline construction over next 5 years

China National Petroleum Corporation (CNPC) is scheduled to construct about 50,000 kilometers of petroleum pipeline over the next five years, according to a press release on the company's website Monday. Analysts agree that petroleum pipeline expansion is key to continued fast ...

HP quarterly revenue misses expectation

Hewlett-Packard Co. (HP) on Tuesday posted a quarterly revenue that was lower than expected due to lackluster sales of consumer personal computers. For its 2011 first fiscal quarter ended on Jan. 31, HP reported revenue of 32.3 billion U.S. dollars, up 4 percent from the year- ...

Xinhua launches search engine with China Mobile

Photo taken on Feb. 22, 2011 shows an experience zone during the launching ceremony of the search engine Panguso in Beijing, capital of China. Xinhua News Agency launched the Internet search engine, www.panguso.com, jointly with China Mobile on Tuesday. Panguso has designed an ...

Baidu accused of abusing dominant position

Baidu Inc may face anti-monopoly scrutiny after a Chinese website launched a complaint against the country's biggest search engine. Hudong.com, an online encyclopedia, is alleging that Baidu unfairly blocks its Web pages from search results in favor of its own encyclopedia ...

AUO showcases highest efficiency PV module

AU Optronics Corp. will attend 2011 SNEC 5th International Photovoltaic Power Generation Exhibition & Conference and showcase the world's highest efficiency PV module SunForte PM318B00 with a conversion rate up to 19.5% and eco-friendly PV modules. AUO will deliver low-carbon, ...

Workers still seeking redress from Apple

Agitated Chinese workers suffering from a chemical poisoning at one of Apple Inc's supplier factories felt a sense of relief on Tuesday when the US company started to take action to remedy defects in its supply chain. Speaking on Tuesday, the victims said Apple Inc had sent ...

Double the view with ViewPad 7

Models display the newly launched ViewPad 7 yesterday in Beijing. ViewSonic Corp yesterday launched the 7-inch tablet computer that supports two major technological standards used by China Mobile and China Unicom. ViewSonic Corp yesterday launched a 7-inch tablet computer that ...

Honz charges Johnson&Johnson's of unfair competition

Hainan Honz Pharmaceutical Co., Ltd., is accusing Johnson&Johnson's of unfair competition by spreading false information to misled consumers. Honz said to reserve the right to take legal actions to rumor mongers. Honz said that false information of Honz's product, Nimesulide, an ...

Honda to recall over 30,000 units cars in Indonesia

Honda Prospect Motor, the sole agent for Japanese automaker Honda in Indonesia, would recall 30, 252 units vehicles in Indonesia as part of a worldwide voluntary safety recall, a media reported here Monday. The recall on the Jazz hatchback, City Sedan and Freed compact minivan ...

Nagged by slow sales, BYD slashes prices

BYD models pile on the sales lot. Faced with continuing stagnant sales, domestic automaker BYD announced a major price cut on its five most popular models on Feb18 to boost demand. The company said it expects "to be proactive and win more market share" by reducing prices on its ...

Aviation market predicted to grow by 2014

China will emerge as the world's fastest-growing market for air travel by 2014, posing a major challenge for the country's air traffic management, according to the International Air Transport Association (IATA). Of the 800 million new travelers expected to fly by 2014, 360 ...

Yoox to open 2nd e-store in China

Yoox SpA plans to open a second e-commerce site in China next month to tap growing online demand for luxury goods in the world's second-largest economy. The site for the Marni fashion brand will go live on March 1, after the online retailer established a Chinese Internet service ...

Retail chain to open more stores

Parkson Retail Group Ltd., the Beijing-based department-store chain controlled by Malaysia's Lion Group, will accelerate its expansion in China in the next three years. The company will open 8 to 9 stores a year through 2013, after opening 5 last year, Managing Director Alfred ...

Hunchun sees new benefits of location on the border

A city in Northeast China is aiming to import coal from the Democratic People's Republic of Korea (DPRK) as part of its effort to establish an international coal production base in the border area. Hunchun, a city wedged between the DPRK and Russia, has coal reserves of 1.2 ...

Urban trend a lasting boon for Chinese steelmakers

With China's fast urbanization, its steel output won't drop until at least 2030, stimulated by long-term robust demand, industry experts said on Monday. "China's steel production won't decline over the next 20 to 30 years because urban construction in west China still requires a ...

China complains of Huawei deal

The Ministry of Commerce has urged US authorities to avoid protectionism and treat investors from China and other parts of the world in an equal, fair and open manner. An unnamed official in the ministry's department of foreign investment and economic cooperation made the remarks ...
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