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Full steam ahead for shipbuilders' plans to retain market position

China plans to maintain its current global market share of 40 percent in the shipbuilding industry during the next five years, further consolidating its dominant position in the field, said Zhang Guangqin, head of the China Association of the National Shipbuilding Industry. "To ...

Gamesa powers up Chinese wind projects

Gamesa SA, a global leader in wind turbine manufacture and wind-farm development, said on Wednesday that it has signed contracts with China Guangdong Nuclear Wind Power Group and China Huadian New Energy Development Co. The agreements mean that the companies will co-develop a ...

Best Buy rejects store closure 'rumor'

The consumer-electronics retailer Best Buy's own-brand outlets are suffering difficulties in China, and experts say it's because the US-based company has not tailored itself to the local market. Beijing Business Today reported on Friday that Best Buy might consider closing its ...

Gold appetite undimmed

Chinese demand for physical gold and gold-related investments is growing at an "explosive" pace and the appetite for the yellow metal will remain robust amid inflation concerns, said an Industrial and Commercial Bank of China executive. The bank sold about 7 tons of physical gold ...

Property developers raising cash abroad

China's major property developers have been stepping up their efforts to raise funds overseas in response to a gradually tightened cash flow, as the government's tightening real estate measures are expected to lead to a big drop in transactions. According to a report by Royal ...

A lifeline from Central Asia

China has imported 5.82 billion cubic meters (cu m) of natural gas through the China-Central Asia gas pipeline since it started operating in December 2009. The pipeline, one of the country's four strategic oil and gas access points, has been operating securely and steadily since ...

New house price indexes unveiled

China will release two new indexes for home prices and change the survey's methodology, the National Bureau of Statistics said, as the government faces pressure to rein in rising property prices. The government will release two indexes of new and second-hand home sales from ...

ABC links up with Promsvyazbank

Agricultural Bank of China Ltd (ABC) and OAO Promsvyazbank, Russia's third-largest non-state lender, have signed an accord to conduct operations in Chinese yuan. The agreement is part of Russia's efforts to boost economic ties with China, Promsvyazbank President Artem Konstandian ...

Beijing tightens restrictions on flat buying

The Beijing municipal government released a package of rules on Wednesday to restrict home purchases in the capital and rein in soaring property prices. The package follows the central government's property tightening measures announced in January to cool the market. Under the ...

New rules regulate rare earth industry

The government will impose stricter mining policies and environmental standards for rare earths and set "reasonable" annual production and export quotas to further regulate the crucial sector, the State Council said on Wednesday. Rare earth metals are comprised of 17 minerals and ...

Georgia won't sell North-South gas main: PM

Georgian Prime Minister Nikoloz Gilauri said Wednesday that his government does not plan to sell the gas pipeline connecting Russia with Armenia. Gilauri said Georgian authorities have no intention of selling the controlling stocks of the strategic facilities, including the gas ...

China's ABC bank, Russia's PSB bank sign post-financing agreement

Russia's Promsvyazbank (PSB) and the Agricultural Bank of China (ABC) signed a post-financing agreement here on Wednesday, pledging to further expand cooperation. The two banks also exchanged copies of agreements on settle accounts in China's Yuan. Wu Guoshan, deputy general ...

Spain's Gamesa to develop wind energy projects in northern China

Wind turbine manufacturer Gamesa has signed cooperation agreements with two Chinese companies to develop projects in China, the company said Wednesday. The deals with Guangdong Nuclear Wind Power and Huadian New Energy Development will focus on projects in China's Jilin Province ...

China's steel industry to face tougher times in 2011: MIIT

China's steel companies will come under pressure this year as the government restructures the economy and competition heats up on the global market, said a report released Wednesday by the Ministry of Industry and Information Technology (MIIT). China produced 626.65 million ...

Shanghai targets 70 pct growth in tourism revenues by 2015

Shanghai has set a growth target of 70 percent in tourism revenues over the next five years to 2015, local authorities said on Wednesday. The target is in line with the goal of China's financial and business center -- turning itself into a world-famous tourist destination, ...

HK Electric changes name to Power Assets Holdings

Hong Kong Electric Holdings Ltd., a major power supplier in the city, said on Wednesday that the company would take on a new name, Power Assets Holdings Ltd., to reflect its positioning as a global investor. "While maintaining our investment in Hong Kong, we will expand our ...

Non-locals have to pay income tax for 5 years before purchasing home

The Beijing municipal government released a package of rules on Wednesday to restrict home purchases in the capital and rein in soaring property prices. The package follows the central government's property tightening measures announced in January to cool the market. Under the ...

Interview: COFCO VP says company seeks larger global role

COFCO, the China's leading foodstuffs conglomerate, will continue its pace toward a more global role by increasing foreign investment. But COFCO Vice President Chi Jingtao said the group will implement the process based on mutual-trust and win-win principles. Chi spoke Wednesday ...

Huawei announces new smartphone, updated tablet in Barcelona

Chinese mobile company Huawei has announced the launch of a new smartphone and an updated tablet. Both products are based on Android as the company looks to step up its presence in the high-end market. Hunwei Device's chief marketing officer, Victor Xu, said the company is ...

Apple launches subscriptions policy on App Store

Apple on Tuesday announced a new subscription service for publishers of content-based applications, requiring them to offer the lowest subscription rates in the company's App Store. Publishers set the price and length of subscription. They can offer subscription on their own ...
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IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
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finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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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
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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
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