industry

Increase in passengers blamed as rate dives to lowest since 2005 Airline punctuality dipped below 81 percent for the first time since 2005, according to statistics. The average punctuality rate for Chinese airlines nationwide last year was around 76 percent, according to ...
A total of more than 300 small coal mines were shut down in Chongqing municipality, which marked the completion of tasks set by the city government one month in advance, according to news from the Work Conference on Coal Mines in 2010. The coal mine-related accidents hit a new ...
China Southern Airline, a SkyTeam member airline, has doubled its flights from Kathmandu amid increasing demands of incoming tourists and outgoing students and business persons. The airline has added three more flights per week from Sunday. As previously there used to be only 3 ...
China has ordered dairy firms to apply for new production licenses this year in a move designed to improve product quality and safety in an industry plagued by scandals. Firms, including baby formula makers, that fail to obtain new permits will be forced to close, the official ...
American General Motors Corporation said it plans to export $900 million in vehicles and parts to China under a 2-year agreement signed with its flagship joint venture, Shanghai GM. The agreement was among various trade and investment deals signed in connection with Chinese ...
Beijing's city government has approved plans to build a new airport in a southern suburb within the next five years with an initial annual capacity of 40 million passengers, State media said Friday. Planners have proposed the new airport to take the pressure off the existing ...
Haier Group, one of the world's leading household appliance manufacturers, announced Sunday that its profit jumped 78 percent year on year in 2010 to top 6.2 billion yuan ($941.66 million) in 2010, said Du Fangyuan, a media official with the company. The sales revenue reached 135 ...
Spain's Telefonica and No.2 Chinese mobile operator China Unicom will deepen their strategic alliance by buying an additional $500 million stake in each other, the Spanish company said Sunday. The two companies are exploring joint investments in parts of Asia and Africa where ...
Global manufacturer of food-packaging containers, Tetra Pak International, plans to utilize its advanced technologies to tailor make containers specifically for the Chinese market, a senior company official said over the weekend. These advances are important to domestic beverage ...
Industrial and Commercial Bank of China Ltd (ICBC), the world's largest bank by market capitalization, signed an agreement to acquire an 80 percent stake in Bank of East Asia's US operations for a cost of $140 million, according to a joint announcement from the two banks Sunday. ...
The nation has renewed crude import pacts with Iran for 2011, keeping supply amount almost the same as last year at about 460,000 barrels per day, sources told Reuters Sunday. State oil trader Zhuhai Zhenrong Corp has agreed with National Iranian Oil Co to buy 240,000 barrels per ...
Lenovo Group is in talks with Japan's NEC Corp for a joint venture in personal computers, two sources with direct knowledge of the matter said, in a deal that would help them take on larger global rivals. The Nikkei business daily said Lenovo planned to take a controlling ...
Chery Automobile Co recently released its 2011 target to increase global sales by 17 percent to 800,000 units. This year the company plans to launch five new models including its high-end car, the Riich G6. Its pure-electric car with a self-developed battery and a plug-in hybrid ...
License plates needed to purchase and operate any new car in Beijing will be decided for the first time by a lottery on Jan 26. The random selection will be broadcast live over the Internet and on TV, according to Li Xiaosong, deputy director of the Beijing transportation ...
Electric vehicle maker Wanxiang Group signed an agreement with US lithium battery producer Enerl on Jan 18 to form a joint venture to make batteries for electric vehicles. Chinese media report that the operation will be located in a 550,000-square-meter plant in Hangzhou where ...
Volkswagen is planning to launch a new brand specific to the Chinese market, the German newspaper Handelsblatt reports. The small car - whose name and future Chinese joint venture partner have yet to be decided - will be priced under 8,000 euros ($10,500), Handelsblatt said. Karl ...
Chang'an Motor established the first R&D center by a Chinese automaker in Detroit on Jan 18 to focus on chassis development, considered one of the most difficult aspects in automotive engineering. According to Xu Liuping, president of Chang'an Motor, the R&D center will play a ...
China Capital Logistics Co, a subsidiary of the country's fifth-biggest auto group BAIC Motor Co Ltd - known locally as Beiqi - recently signed a memorandum of understanding with Germany's Mosolf Group to jointly provide logistics services for the automaker's joint venture with ...
Dongfeng Motor Corp, now China's second-largest automaker, recently said it plans to produce and sell 2.9 million vehicles in 2011, an increase of about 10 percent over last year, but far lower than last year's 37.8 percent rise. The market as a whole is expected to cool to ...
BAIC Group, the partner of Daimler AG and Hyundai Motor Co, recently bought a private automaker in Guangdong province to gain a foothold in the southern market and boost its own brand cars. The Beijing-based company closed the deal early this month with Guangzhou Baolong Light ...
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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 ...