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ICBC opens branch

The Spanish branch of Industrial and Commerce Bank of China (ICBC) was officially inaugurated in Madrid Monday. The Madrid branch is to provide a wide range of financial services to 166,000 Chinese nationals living in Spain. The bank recently acquired Bank of East Asia's US ...

GLG Life's China JV

Canadian sweetener maker GLG Life Tech Corp said its Chinese joint venture received a national license to produce and sell zero-calorie beverage and food products in the Asian country. ANOC China, the joint venture with China Agriculture and Healthy Foods Co, will sell products ...

Macao gaming tycoon at war with sprawling family

Stanley Ho, the ailing 89-year-old tycoon who turned Macao from a sleepy village into Asia's gambling capital, is reportedly accusing his many relatives of stealing his fortune. The accusation came a day after a Hong Kong stock exchange filing said that he had agreed to split his ...

Weak logistics network thwarts e-commerce boom

Due to lower prices and broader choices, Chinese netizens have been roaming shops online for weeks before the Spring Festival. But for those who are still hesitating about what to buy, their best bet may be at a brick-and-mortar store. Recently, more of China's online retailers ...

Global giants to rumble

Huawei Technologies Co filed a lawsuit in a US District Court in Illinois Tuesday seeking to block Motorola from selling a network equipment unit to Finland-based Nokia Siemens Networks. Huawei, the world's second-largest telecommunications equipment provider, alleges in a press ...

Siemens Q1 profit soars

Siemens beat forecasts for its first-quarter profit helped by robust demand in fast-growing emerging economies including China and India. It said quarterly order intake - indicator of future sales - rose 160 percent from India and 49 percent from China. Siemens generated nearly 8 ...

There's money in that desert

Elion Resources inked a deal to partner with Tongliao city in the Inner Mongolia Autonomous Region as part of a plan to seek ways to manage the ecological economy in the Kerqin region, a senior company official said in Beijing Tuesday. Elion Resources Group's strategy includes ...

Youngor Group raises grimaces over cliched post

A notice posted recently by a subsidiary of Youngor Group to employees of the company has raised heated discussions among employees and netizens who have seen it, according to the Beijing Morning Post Tuesday. It reads that employees who ask for leave five days before (from ...

Opportunities, difficulties impedes starring of China's movie industry

The country's movie industry did great in 2010, while regrets and difficulties still lay ahead its development, according to the National Business Daily report Tuesday, citing industry insiders. Last year was a milestone for China's movie industry with the box office growing 50 ...

Source: Global Times [15:40 January 25 2011]Comments

New conditions for the polysilicon industry were published Monday by the Ministry of Industry and Information Technology (MIIT), National Development and Reform Commission (NDRC) and Ministry of Environmental Protection, according to the Beijing Times. In principle, new ...

Results from cross-Straits accord

After a cross-Straits intellectual property agreement took effect last September, mainland authorities dealt with 73 claims related to application dates by the end of 2010 - 64 over invention patents, eight for utility model patents and one trademark case. Twenty-three requests ...

Internet cafes join for legal content

An Internet cafe alliance for use of copyrighted videos was formed last week in Changchun, capital of the northeastern province. Following this year's traditional Chinese New Year festival, more than 3,000 Internet cafes in the province will have access to a video portal ...

Taiyuan piracy telephone hotlines

The Taiyuan city government has set up public telephone numbers for information on piracy and infringement. The effort calls on the public to take a more active part in the fight against counterfeits and illegal products, according to local authorities. The city government also ...

Huawei seeks IP assurances

Suit filed against Motorola to block Nokia Siemens' access to secrets Huawei Technologies Co sued Motorola Solutions Inc and Nokia Siemens Networks (NSN) to block any disclosure of confidential information about its telecommunications network products in a proposed acquisition. ...

Travel by cruise liners set for robust growth

The number of visits by cruise liners to Shanghai this year is expected to maintain the historic level reached in 2010 that was driven by Expo 2010 Shanghai, underscoring the rapid development of the city's cruise liner industry. According to statistics from the Pujiang Frontier ...

Siemens Home Appliances: Double-digit sales growth

With the announced 26 percent growth in sales, Siemens Home Appliances' business showed its great vitality in Chinese market in 2010, realizing its promise of double-digit growth in sales made at the beginning of the year. According to 2010's third quarter reports made by China ...

HK hotel lures mainlanders

Intercontinental Hong Kong, one of the most famous luxury hotels in the world, said the mainland has become the largest source of customers, overtaking Japan, and it will increase its sales and marketing activities in the mainland to attract the newly wealthy, Jean-Jacques Reibel...

Volvo to open Shanghai base

Volvo Cars, owned by China's Geely Holding Group, plans to establish its China headquarters and technology center in Shanghai, the company said on Tuesday. The automaker also said that it is aiming to become one of the leading luxury brands in the mainland by 2015. Geely, parent ...

Volvo opens China headquarters

Volvo Car Corporation inaugurated its China headquarters in Shanghai on Jan. 25, 2011 to increase its presence in the Chinese market. It is reported that the China headquarters is similar in function to the headquarters in Sweden, and the China headquarters will directly report ...

Nuclear service deal

Nuclear power developer China National Nuclear Corp (CNNC) and US-based Exelon Corp signed an MOU last week, marking the first step for the US nuclear power operator to provide nuclear power service in China. The two firms will sign a detailed agreement of nuclear energy service ...
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Latest World News

china

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 ...

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
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 ...

finance

company

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 ...

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
History-making tennis legend Li Na notched the first-ever grand slam ...
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