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Taiwan may allow bigger mainland stakes in LCD firms

Taiwan may propose allowing mainland firms to take 20 percent stakes in LCD compa-nies in an investment pact, up from an original 10 percent, a government official with direct knowledge of the matter told Reuters Monday. Taiwan officials said last month the key LCD panel industry ...

Grain prices on upward trend as drought continues

Wheat futures for September delivery, the main futures contract on the Zhengzhou Commodity Exchange, rose 2.39 percent Monday to 3,081 yuan ($467.22) per ton, the highest in history. That is an increase of more than 8 percent compared with 2,851 yuan ($432.33) per ton at the ...

Bulging elderly population in Fortress' sights

US-based investment firm, Fortress Investment Group LLC, plans to raise about $1 billion to create a fund that seeks to capitalize on future demand for elderly housing in China, the Financial Times reported Monday. Fortress, which operates the largest independent senior living ...

Shady bidding exposed

Hundreds of airport bidding irregularities have come to light after a State-run audit revealed questionable contracts worth 1.93 billion yuan ($292.80 million) Monday. The news casts a shadow over the current airport construction frenzy going on in the world's second largest ...

10% of rice on Chinese market contains cadmium in excess: Survey

Chemical element cadmium, toxic to the human body, has been penetrating into rice plantations via polluted soil in recent years. And a survey showed that about 10 percent of the rice on the Chinesemarket contains excessive cadmium, said a Caing.com report Monday. Li Wenxiang, ...

Nursing care services for aged to generate 500 billion yuan by 2020

Nursing care services for Chinesesenior citizens are expected to bring about over 500 billion yuan ($75.86 billion) of revenue, creating 7.1 million new jobs in the country by 2020, according to a draft proposal published by China's Ministry of Civil Affairs Friday. By the end of ...

ICBC unit to increase staff hiring

ICBC International Holdings Ltd, the securities unit of the world's largest lender, will hire more people from global rivals as it expands abroad to compete with the likes of Morgan Stanley and UBS AG for advisory work. "We are increasingly internationalizing our work force," ...

Land prices hit record highs in Shanghai area

Tightening measures fail to dampen developers' enthusiasm for property Administrative restrictions and monetary tightening measures don't appear to have undermined the enthusiasm of property developers' for lavish land purchases. A new local record was established during a bid ...

Huawei to unveil new tablet PC

Huawei Technologies Co, China's largest maker of mobile phone network equipment, said it will unveil a new 7-inch touch-screen tablet computer on Tuesday at the Mobile World Congress in Barcelona. The Ideos S7 Slim tablet will support both 3G and WiFi connections, according to ...

IBG buys 51% of Union Trust

Industrial Bank Group (IBG) said it has received approval from the State Council and China Banking Regulatory Commission to purchase 51.18 percent of Union Trust Ltd's stock at 852 million yuan. The move will make the Fujian-based lender the third in China to own holdings of a ...

ZTE to increase cell phone sales

China's ZTE Corp aims to grow its cell phone sales by 30 to 40 percent this year, on a par with 2010, while it focuses on the smartphone market, a senior official said. To boost its position in the smartphone market, the company will launch new models and a tablet running Google...

Guotai Junan sets up fund

The asset management arm of Guotai Junan Securities Co said on Monday it will launch a $45 million hedge fund, the first among brokerage firms and mutual fund managers in China. The fund, to be managed by Guotai Junan Securities Asset Management Co, plans to raise 300 million ...

SAIC 'considers listing all assets', sources suggest

Shanghai Automotive Industry Corp (SAIC), the parent of China's largest domestic automaker, may list all of its operating assets and is studying several options to do so, said two people familiar with the company's plans. SAIC Motor Corp and Huayu Automotive Systems Co, the two ...

Auto sales grow 15% but lull is ahead

Car sales continued to surge in China as the increasingly affluent families embrace a vehicle of modern transportation, as well as a token of wealth. But some market watchers have cautioned a possible sale slump in the months ahead. The State Administration of Customs in Beijing ...

Shanghai GM to recall more than 2,800 imported vehicles in China

Shanghai General Motors Co. will recall 2,806 imported Cadillac CTS vehicles in China to repair faulty track bars to prevent safety risks, China's quality watchdog said on Monday. The recall, which is set to begin on March 21, includes models that were produced between June 16, ...

Sinovel prepares to unveil China's first 6MW wind turbine

Sinovel Wind Group Co., China's largest wind power generator manufacturer, announced Monday it will finish production of the country's first independently-developed 6-megawatt wind turbine in June. The turbine would put Sinovel on a par with Germany's Enercon and Denmark's Vestas ...

Samsung Elec unveils new smartphone, tablet

South Korea's Samsung Electronics, the world's second-largest mobile phone maker, rolled out Monday a new smartphone and a tablet computer. Samsung unveiled the Galaxy S II, an update to its popular Galaxy S, and the fresh tablet computer Galaxy Tab 10.1 at the Mobile World ...

Mobile World Congress opens in Barcelona

More than 50,000 workers in the communications industry have swarmed to Barcelona for the annual Mobile World Congress. With conferences and discussion forums attended by such experts as Steve Ballmer from Microsoft, Peter Chou from HTC and Eric Schmidt from Google, the four-day ...

HSBC launches renminbi deposit accounts in Singapore

HSBC said it has launched renminbi deposit accounts for its customers in Singapore, making it one of the banks offering such services in Singapore. A service staff at the bank said on Monday that it is promoting the account for a period of about two months from Dec. 27 to Feb. 28...

Top automaker SAIC to suspend share trading

Potential future customer attracted to a Roewe electric concept car developed by SAIC car.[China Daily] China's top carmaker SAIC Motor Corp announced last week that it will suspend share trading on the Shanghai Stock Exchange from Feb 14 as its parent company SAIC Group ...
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china

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China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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world

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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
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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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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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
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
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