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Shanghai GM inks $900m import deal

General Motors will import vehicles and components worth $900 million into China under a two-year agreement recently signed with its local joint venture Shanghai GM. Vehicle imports are valued at $500 million and parts shipments will be worth $400 million, the company said in a ...

Energy giants to give agriculture high priority

An employee from Sinopec fills the tank of a piece of farming equipment. The government has prioritized energy supplies for agriculture to ensure a sufficient harvest. Cui Peilin / For China Daily China has called upon its energy companies to ensure fertilizer producers get ample ...

CSR predicts net profit rose by more than 50% last year

Passengers prepare to board an intercity high-speed train in Shanghai, which connects to Hangzhou in Zhejiang province. China hopes to expand its high-speed railway industry by exploring overseas markets. Qilai Shen / Bloomberg China's largest train manufacturer CSR Corp said on ...

South Beauty works for listing to fuel expansion

Chinese restaurant operator South Beauty Co Ltd is striving for a listing this year to fuel its expansion at home and acquisitions abroad, company Chairwoman Zhang Lan said on Monday. "We've been selecting underwriters, but the exact time for the listing depends on market ...

Misconducts of China's two major insurers exposed, 3 bln yuan involved

China's National Audit Office (NAO) found non-compliance issues in operations and accounting totaling 3.02 billion yuan (458.33 million U.S. dollars) at two major insurers, according to audit reports for 2009 released Monday. The NAO said it inspected the 2009 books of China Life ...

China's spending on water conservation doubles during 11th Five-Year Plan

China's central government spent 365.5 billion yuan (55.38 billion U.S. dollars) on water conservancy during the past five years, more than double the amount spent during the 2001-2005 period, the Ministry of Finance announced Monday. The government spent 231.5 billion yuan on ...

Shanghai property tax hard to gauge

A salesman at a Shanghai residential property receives a visitor on Saturday. (Photo/Xinhua) The trade volume of this city's housing market slumped 40 percent on the first day of a new local property tax, and transaction volumes fell further over the weekend, according to figures ...

Audi: Localization to meet ambitious targets

Dominique Boesch, general manager of Audi Sales Division at FAW Volkswagen Automobile Co German luxury carmaker Audi AG plans to further localize production in a strategic move to meet its ambitious target - selling 1 million cars in the world's biggest auto market over the next ...

Auto rentals accelerate into fast lane

When Lu Tang phoned a rental company to hire a car 10 days before Spring Festival - something he has done many times in previous years - he was surprised to be told there was nothing suitable available. "I was told almost all the cars have been booked," said Lu, 29, who works for ...

Auto rentals accelerate into fast lane

A sedan passes by an auto leasing company in Zhengzhou, Henan province. Traveling in a rented car is becoming increasingly popular in China because of the greater convenience and flexibility it affords. Sha Lang / for China Daily Vehicle leasing drives forward as congestion is ...

China's bustling wholesale hub slips into holiday lull

The world's largest wholesale market for small products in east China's Yiwu city is slipping into a holiday lull as traders go home for the Lunar New Year after a year of good business. The noise of bargaining that characterizes the 4-million-square-meter Yiwu International ...

A new dimension in entertainment to hit Beijing

Forget 3D and don't even mention 4D. The latest buzz among entertainment seekers is 5D. That's what Sun Jianjun, president of C&C Entertainment International Co Ltd, has been working on for more than three years. "5D refers to a form of show that incorporates elements of the Las ...

Measures to protect IPR on the Web

The government's efforts to protect online intellectual property rights (IPR) will be strengthened this year by promoting the establishment of related industry associations, said Liu Shaodong, an official in the online broadcasting department of the State Administration of Radio, ...

GM looks to China, emerging markets for global growth

A General Motors (GM) senior executive predicted the automaker's robust sales will continue in emerging markets such as India, Brazil and China, which he said was playing an increasingly important role in the company's global growth map. "I feel very good about GM's opportunities ...

Beijing car market remains sluggish after first plate lottery

A moderate rebound in Beijing's car market looms ahead, after Beijing's license plate lottery program issued the first batch in its quota to 17,600 individual buyers on Wednesday. Yet car dealers will have to wait to see sales really pick up, industry watchers said. Sales ...

Spring Festival travel rush tests China's railway system

Passengers queue to board a train in a railway station in Ningbo, east China's Zhejiang Province, Jan. 24, 2011. Estimation by the National Development and Reform Commission showed that during the 40-day period of Spring Festival travel rush, about 2.85 billion passenger trips ...

China's gold output hits new high

China's gold output in 2010 totaled 340.876 tons, up 8.57 percent year on year, according to the latest data from China Gold Association. The country's gold output has been the world's largest since 2007, when it surpassed that of South Africa. China's gold output recorded only 4...

China to step up water conservancy development efforts

Construction workers install low-pressure water pipelines in Heze, east China's Shandong Province, Jan. 25, 2011. Water conservancy programs are under rapid construction to relieve the local farmland from the recent drought. (Xinhua/Guo Xulei) China will intensify efforts to ...

New house expropriation rules balance developers', home owners' interests: experts

New rules concerning house expropriation and demolition have tested the Chinese government's ability to balance the country's economic and social development and the protection of ordinary people's interests, experts say. The State Council, China's cabinet, published a regulation ...

Sony unveils new gaming device

Sony Corp unveiled a new handheld gaming device, the first to feature 3G wireless connectivity, as it battles with Nintendo's best-selling DS and tries to fend off competition from smartphones including Apple Inc's iPhone. The announcement came the same day as Nintendo, which is ...
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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
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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finance

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