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Historic upgrade on electric trolleys

The first purchase contracts for Chinese-developed alternating current (AC) trolleybus power systems were signed in the southern metropolis in mid January. Yongji Xinshisu Electric Equipment Co Ltd, an affiliate of China's leading railroad company CNR, will make the delivery ...

Over 1 trillion yuan in high-tech

Shenzhen's high-tech sector had more than 1 trillion yuan ($151.9 billion) in industrial output in 2010, a record high in the city's history and a 19.61 percent rise over 2009. Electronic information produced the biggest share, more than 80 percent of local high-tech industrial ...

World's largest hydropower turbines

Installation began on world's largest hydroelectric turbine generators at Xiangjiaba Dam in late January. Using proprietary Chinese technology, the turbines can each generate 800,000 kilowatts. At 6.3 meters in diameter and weighing more than 1,900 tons, they are the largest in ...

Jiangsu tops in applications and patents

The eastern province topped the nation in applications and patents granted in 2010 with more than 235,000 filings - about 21.3 percent of the nation's total -138,000 of which were granted, an increase of 58.54 percent over 2009. Nearly 52 percent of the patents were from ...

National award withdrawn for fraud

The Ministry of Science and Technology recently announced it has withdrawn a national technology award because of academic fraud for the first time in the annual award's history. The revoked National Office for Science and Technology Award was granted in 2005 to a scroll ...

Support for software and circuits

The State Council unveiled a series of policies last week to further stimulate growth in the software industry following a first batch issued in 2000. The new policies cover taxes, financing, research, foreign trade, human resources, intellectual property and marketing. ...

China Mobile seeks partners abroad

Dell contemplating future mobile platform options

Dell Inc, which intends to focus more on its mobile business, intends to stick with the Android and Windows Mobile development platforms for the time being, a company executive said Wednesday. The future direction of the Texas-based PC giant's mobile platform would depend on ...

COFCO swallows Bordeaux

COFCO Wines &Spirits, a subsidiary of COFCO, the country's largest food processor, manufacturer and trader, has acquired a Bordeaux chateau at the price of 100 million yuan ($15.19 million), according to a press release from the company Wednesday. The agreement was signed on ...

Air passenger growth

The number of international air passengers from the Chinesemainland will rise by an average of 10.8 percent per year through to 2014, making it the world's fastest-growing market, industry association IATA forecast. Hong Kong will be the world's fastest-growing air cargo market, ...

Gold demand explodes

Demand in China for physical gold and gold-related investments is growing at an "explosive" pace and appetite for the yellow metal is poised to remain robust amid inflation concerns, said an Industrial and Commercial Bank of China (ICBC) executive on Wednesday. ICBC, the world's ...

Better late than never as Apple shames manufacturers

Apple Inc released its Supplier Responsibility Progress Report 2011 Tuesday, marking the first time that the tech giant disclosed the name of two Chinesesuppliers caught endangering their workers. Meanwhile, industry watchers criticized Apple for increasingly shifting responsibil...

Luxury hotel chain

InterContinental Hotels Group said Tuesday that it would launch a new upper mid-scale hotel brand positioned between its upscale chain Crowne Plaza and luxury brand InterContinental in China by 2011.

Environmentalists dissatisfied with Apple's lack of social responsibility in China

Apple released its Supplier Responsibility Progress Report in 2011 Tuesday, towards which Chineseenvironmentalists showed dissatisfaction and pointed out that the firm averted a big deal of responsibility as well as social commitment, according to a 21st Century Business Herald ...

Mergers of stock exchanges positive to Chinese companies, Hong Kong exchanges not likely to acquire domestic ones

The recent trend of mergers among stock exchanges has shown positive for Chinesecompanies to go public in the international markets and domestic stock exchanges won't be the targets of Hong Kong Exchanges and Clearing Limited, expert told the Global Times Wednesday. Deutsche ...

Pilot PE fund scheme

China's securities watchdog is planning to allow select asset management units of brokerages to launch private equity funds for the first time as soon as this year, according to two people with direct knowledge of the situation.

China Telecom reveals bold broadband Internet agenda

China Telecom is going to triple the user numbers of its new high-speed optical fiber broadband by the end of this year to 30 million and expects to expand that number to more than 100 million by the end of China's 12th Five-Year Plan (2011-2015), it said in a news release on ...

Possible oversupply of silicon steel may drive profits down in the country

Shougang Group, one of China's largest in the business, plans to yield 1.2 million tons of silicon steel in 2011, a proportion three times larger than its output in 2010, according to the group on Monday. With more and more steel and iron companies reaching the limits of capacity ...

ZTE renews efforts to win US contracts

ZTE Corp, China's second-biggest maker of phone-network equipment, will renew attempts to bid for contracts in the United States after it said opposition from the US government foiled the signing of a previous deal with Sprint Nextel Corp. "The US government has a broadband ...

Ford may build new plant in China

Ford Motor Co may build a new car plant in northern China after its three-way car venture splits into two separate entities, a newspaper said on Wednesday. Ford, which makes cars in China with Mazda Motor Corp and Chongqing Changan Automobile Co, operates two plants, one in ...
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Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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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 ...

world

market

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 ...

finance

company

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
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Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
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trade

sports

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 ...
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