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Google challenges Apple's subscription service with "One Pass"

Google on Thursday launched an online service for publishers to sell digital versions of newspapers and magazines, one day after rival Apple unveiled a similar plan. "Google One Pass" allows publishers to sell content that consumers can view on websites as well as in specialized ...

Apple admits toxic chemicals disabled employees of Chinese suppliers

Apple iPad and iPhone are hot products in China, but the health of 137 employees of Apple's Chinese suppliers was adversely affected because of exposure to hexane in their working environment, according to a new company report. Apple released its 2010 report on supply chain ...

China Telecom to build fiber optic link with all of China's cities

China Telecom officially launched the "Broadband China Optical Network City" project on Feb. 16 and in three years the company plans to establish a fiber optic link with all of China's cities. Meanwhile, by the end of 12th Five-Year Plan period, the fiber optic network will cover ...

Construction of motor city kicks off in Liuzhou

The construction of Liuzhou Motor City, which will be capable of producing 1 million cars annually, began on Feb. 16, 2011. Liuzhou Motor City will be located in Liudong New District, and has a planned area of 203 square kilometers. According to the plan, it is made up of eight ...

Ministry plans contract regulations solve supplier-retailer tensions

China's Ministry of Commerce and related industrial associations are formulating rules governing contracts between suppliers and retailers, said ministry spokesman Yao Jian, referring to questions about Carrefour's tense relationship with suppliers in China. At the end of last ...

China's CNOOC closes deal for stake in U.S. shale oil, gas project

China National Offshore Oil Company Limited (CNOOC Ltd.) announced Thursday that it has closed a deal with U.S.-based Chesapeake Energy Corporation (Chesapeake) for the purchase of a 33.3 percent undivided interest in a shale oil and gas project for 570 million U.S. dollars in ...

Huaxia shares rise after regulatory approval of 20.8 bln yuan private placement

Shares of Huaxia Bank rose 1.21 percent to 11.68 yuan in morning trading in Shanghai Thursday, after it officially told the market that it had received approval for plans to raise up to 20.8 billion yuan (3.2 billion U.S. dollars) through a private placement. In a statement filed ...

Power of wind

SPANISH wind turbine maker Gamesa yesterday said it will develop wind farm projects with a total capacity of 600 megawatts in China with local partners. Foreign wind equipment makers, who have lost contracts in China to local manufacturers rapidly in recent years, are forming ...

ICBC gold bars

THE Industrial and Commercial Bank of China has teamed up with the World Gold Council to issue physical investment-grade gold bullions in China. The glittering bars are launched to ride on Chinese growing demand for the precious metal to hedge against inflation. Gold prices rose ...

Migrant buyers blocked by tough new property policy

Non-residents must live in city for 5 years to purchase home Millions of migrant families in Beijing will be blocked from owning their own homes under strict new regulations aimed at cooling the capital's property market. The rules, which take effect on Feb 17, state that ...

Ford aims to triple sales with new plant

FORD Motor Corp is likely to build a new factory in China as it seeks to nearly triple sales over the next 10 years and also to replace an existing plant, said 21st Century Business Herald yesterday. The car maker wants to increase output with a new factory in Tianjin in northern ...

ZTE unfazed about losing Sprint bid

ZTE Corp will continue to seek opportunities to bid for United States telecommunications contracts despite losing a recent deal with carrier Sprint Nextel, the Shenzhen-based firm said yesterday. "The US government has a broadband agenda, and we want to make a contribution to ...

Lenovo posts 25% surge in Q3 net earnings

Customers talk to a salesperson about a new laptop at a Lenovo shop in Shanghai yesterday. Lenovo Group Ltd, the world's No.4 PC brand, beat expectations by posting a 25 percent rise in net profit in its fiscal third quarter, its best result in more than two years. [Shanghai ...

Apple reports labor, safety problems at suppliers

Apple CEO Steve Jobs poses with the new iPhone 4 during the Apple Worldwide Developers Conference in San Francisco, California in this June 7, 2010 file photo.[China Daily via agencies] Apple Inc says its audits found labor, safety and other abuses by its suppliers in 2010, ...

Apple Inc admits fault in scandal

While Apple is enjoying hot worldwide sales of its fashion electronics, its health and environmental responsibilities have come under fire in China. Poisoned workers at one of Apple's supplier factories on the Chinese mainland have demanded a formal written apology from the Mac ...

ZTE unfazed about losing Sprint bid

ZTE Corp will continue to seek opportunities to bid for United States telecommunications contracts despite losing a recent deal with carrier Sprint Nextel, the Shenzhen-based firm said Wednesday. "The US government has a broadband agenda, and we want to make a contribution to ...

China Telecom reveals bold broadband Internet agenda

Customers at a China Telecom branch in Nantong, Jiangsu province. The company plans to improve its Internet infrastructure by converting from low-speed copper wires to high-speed fiber optics and aims to boost high-speed Internet user numbers to 100 million. [China Daily] China ...

Gillard's mining tax scheme in the shadow of Rudd's

Australian Prime Minister Julia Gillard's controversial mining tax will reap over a ten-year period 60 billion Australian dollars (59.8 billion U.S. dollars) less than former Prime Minister Kevin Rudd's Resources Super Profits Tax (RSPT) that it replaced, according to figures ...

More 'aggressive' investment from General Motors

General Motors will continue "investing aggressively" in the world's biggest auto market, according to the company's top executive. The biggest foreign automaker in China by sales volume has also promised to bring more than 20 new and upgraded models to the country in the next ...

Foxconn teams with Sony to build world's largest LCD TV plant in China

Taiwan's Foxconn Group, manufacturer of the Apple iPhone and iPad, and Sony will establish a joint-venture liquid-crystal-display (LCD) TV plant with an annual production capacity of 30 million units and workforce of 50,000 staff initially, making it the largest such facility ...
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