industry

Russian and Chinese companies started construction of an iron ore dressing plant Friday in the Evreyskaya Autonomous Oblast to provide high-grade iron ore to the Asia Pacific region, including China. Yury Makarov, chief executive officer of IRC Ltd., told Xinhua the plant would ...
The world's largest bank, Industrial and Commercial Bank of China (ICBC), inaugurated its first Italian subsidiary in Milan on Friday. At the official opening ceremony, ICBC President Jiang Jianqing said the establishment of ICBC Milan will help bridge the two countries in trade, ...
China Investment Corp (CIC), the country's 300 billion U.S. dollars sovereign wealth fund, announced Friday it had opened its first foreign representative office in Toronto. Felix Chee was named chief representative officer in Toronto. The 63-year-old Chee was once CIC's chief ...
China's importance for Motorola remains unchanged after the company split into two on Jan. 4, the company said Friday. Miao Yi, Motorola Mobility China Corporate PR manager, told Xinhua in a written interview China remains Motorola Mobility's largest manufacturing base, its ...
China's crude oil output in 2010 exceeded 200 million tons for the first time, 5 percent more than the increase last year, according to a report released Thursday by the CNPC Research Institute of Economics and Technology. The report shows both the domestic demand and processing ...
China's deficit in its integrated circuit trade topped US$100 billion for the first time in 2010, the Ministry of Industry and Information Technology said yesterday. The deficit was more than 10 times the figure of 10 years ago. The country's IC imports of high-end chips with ...
Poorly managed housing markets played a key role in triggering financial crisis and might seriously cripple a global recovery, said a latest OECD reserach. "Housing and the Economy: Policies for Renovation" has verified that reforms to financial regulation, taxation, land-use, ...
Apple Inc founder and CEO Steve Jobs yesterday sent a note to employees, saying he's taking a medical leave of absence so he can focus on his health. He said he will continue as CEO and be involved in major decisions but has asked Chief Operating Officer Tim Cook to be responsibl...
China Minmetals Corporation said Thursday that its profits soared 123.2 percent year on year in 2010 due to robust commodity sales. Profits totaled 7 billion yuan (1.06 billion U.S. dollars) last year, the company's president Zhou Zhongshu said, attributing the profit growth to ...
For the residents of Qingyanliu Village, Yiwu City, in east China's Zhejiang Province, work begins at dusk. As afternoon creeps into evening, delivery company trucks and vans pull up outside each house and start loading the thousands of packages. In the daytime, the empty streets ...
China surpassed South Korea to become the world's largest shipbuilder in 2010 in terms of shipbuilding capacity and new orders, according to recently released statistics from China's Ministry of Industry and Information. The statistics show that from January to December 2010, ...
The Lenovo logo on the wall at the Chinese company's Indian branch in Bangalore. The company, which took over IBM's personal computer arm in 2005, now has a bold plan to surpass all its competitors to become the largest player in India by 2014. [China Daily] When Amar Babu first ...
India's information technology (IT) companies started their businesses in China by serving large multinational clients in the country but now they are ramping up efforts to win more domestic companies in order to consolidate their foothold. Tata Consultancy Services Ltd (TCS), ...
China's Ministry of Industry and Information Technology (MIIT) Friday unveiled a draft regulation intended to deter unfair competition on the Internet after a spat between China's two top Internet firms, Tencent and Qihoo 360, triggered a public outcry last year. According to the ...
More than 44 million personal computer users fell victim to phishing websites in 2010, rendering a loss totaling 20 billion yuan ($3 billion), according to a report released on Friday by one of China's top computer security service providers. Beijing Rising Information Technology ...
E-readers are displayed at the Computex Taipei 2010 in Taipei, Taiwan province, in June. Because of fierce competition and poor software support, many Chinese e-book manufacturers are shifting their focus to tablet PCs. [China Daily via agencies] Low profit margins caused by ...
Apple Inc and China Unicom hold a joint presentation for the iPhone at a news conference in late 2009 in Beijing, highlighting the smartphone's GPS navigation function. [China Daily] Global Positioning System (GPS) software is set to become the next "must-have" function for cell ...
China plans to continue preferential policies for the software and integrated circuit (IC) industries to accelerate growth, according to government officials. The State Council said in a meeting on Wednesday that the nation plans to develop the two industries further by offering ...
The Asian subsidiary of Sony Computer Entertainment Inc (SCEI), the maker of the PlayStation series of home video-game products, signed a letter of intent on Tuesday for training, and research and development (R&D) in Guangzhou, capital of Guangdong province, marking its entry to ...
One more option may be in the works for iPhone users in China, as a CDMA network version will be released soon in the US market. Analysts believe it won't be long for CDMA iPhone's rollout in China's market, as driven by its upcoming launch in the US. US telecom operator Verizon ...
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Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
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 ...
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 ...
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
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...
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 ...