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China not yet ready to cut oil product prices: NDRC

An oil station in Nanjing City, Jiangsu Province. [CFP] The Chinese government will not lower oil benchmark retail prices for the time being, as conditions for price cuts have not yet been met, the nation's economic planning agency told Xinhua Monday. The remarks were made by an ...

Passenger vehicle sales hit speed bump in July

An auto market in Nanjing, Jiangsu province. Passenger car prices have fallen 3.26 percent since last year, according to the Price Monitoring Center of the National Development and Reform Commission. In July, China's automobile industry reported the lowest sales for passenger ...

Online still a growing market

The number of China's micro-bloggers more than tripled during the first half of this year, and the number of group-purchasing users more than doubled, although the growth rate of Internet users is slowing, data from the China Internet Network Information Center (CNNIC) showed. ...

Unauthorized Apple retailers face logo ban

A customer chooses Apple products at a gadget shop in Zhongguancun on Sunday. Beijing's quality watchdog said they will prohibit unauthorized retailers from using the Apple logo or using any brand name associated with Apple. Unauthorized sellers of Apple products in Zhongguancun ...

Browsers battle for custom

Baidu Inc, China's largest search engine launches its own web browser. [CFP] The web is dead, long live the Internet? The above question was first posed a year ago by the famous IT critic Chris Anderson. But judging by the fierce competition in the web browser market it cannot ...

Tiny treasures

Editor's Note: So-called mini-cars, or vehicles of less than four meters in length, are far handier than they often get credit for, with their combination of space efficiency, fuel-sipping utility and overall cuteness. From the legendary BMW Isetta to the iconic Volkswagen Beetle...

Ringing the changes

A customer from the Middle East (right) chooses a shanzhai (copycat) cell phone at a market in North Huangqiang business street, Shenzhen. [China Daily] A coastal city is leading the global charge of China's mobile phone industry, as Shen Jingting reports from Shenzhen. Nokia ...

Sina rolls out Huoxing.com

Surface of Huoxing.com,a social networking platform launched by China's largest Internet portal Sina last month. Sina Corp., operator of China's largest Internet portal, quietly launched a social networking platform called Huoxing.com last month in a bid to turn its strength in ...

Great Wall gets green light for listing

A Great Wall Motor Co Ltd car is displayed at the 2010 Beijing Auto Show. According to the marketing information company JD Power Asia-Pacific Forecasting, monthly sales for the vehicle have surpassed 10,000 units. The approval of Great Wall Motor Co Ltd's proposed A-share ...

SAIC Restructuring Plan Approved

The Shanghai Automotive Industry Corp (Group) booth at the Auto Shanghai 2011 car show. The car company said earlier this year that it hopes to merge its manufacturing capabilities. [Photo: Bloomberg] SAIC Motor Group, China's largest automaker by sales volume and revenue, ...

Xinhua News Agency debuts in Times Square

China's Xinhua News Agency leases a sign in New York's Times Square to display its advertisement. [Xinhua] An advertisement promoting China's state-run Xinhua News Agency launched in New York's Times Square, the world's most famous advertising space, in the media agency's latest ...

iPad's share may fall to 70%

Apple's iPad is forecast to take about 70 percent share, a drop from 74.3 percent in the second quarter of this year and 80 percent last year. Apple Inc's share of the Chinese tablet computer market may drop by the end of this year due to the rapid growth of the overall market ...

Huawei moves into the cloud

Soccer celebrities at Huawei Device Co Ltd's cloud phone launch ceremony on Wednesday in Beijing. The company said that its new "Vision" smartphone will hit the Chinese market as early as September. [China Daily] Huawei Device Co Ltd launched its first mobile phone offering cloud...

Toyota plans record production of vehicles in 2012

Toyota aims to produce a total of 8.9 million vehicles in 2012. Toyota Motor Corp., the world's largest automaker, said Wednesday it plans to raise its global production of vehicles, including the firm's high end Lexus models, to a record 8.9 million units in 2012. According to ...

Mexican energy and electronics industries seek Chinese capital

Mexico is trying to diversify its energy mix and exploit the potential of renewable energy sources, which means new opportunities for Chinese companies, said Carlos Guzman, the head of investment promotion authority ProMexico. "Mexico has great potential for solar and wind power ...

Sohu searching for online victory

Sohu.com Inc reported a 37 percent increase in second-quarter net profit, lifted by a strong rise of its online gaming and brand advertising revenues. [China Daily] Portal Sohu.com Inc aims to surpass rival Google Inc in China's search market "in the near future", said a top ...

China's steel enterprises pay more for iron ore

Chinese firms spent US$16.017 billion more on iron imports in the first six months of 2011 than they did a year before. China's steel enterprises pay more for iron ore 160 China steel makers have taken a hit this year as rising international iron ore prices have them shelling out ...

Production gears up at Dongfeng Yulon

Luxgen 7 mid-sized sport utility vehicles ready to roll off the production line. [China Daily] The first product from Dongfeng Yulon Motor Co, the new Chinese mainland-Taiwan joint venture, rolled off the production line on July 28. Its Luxgen 7 mid-sized sport utility vehicle is ...

Microblogs are a powerful tool for marketing

At present, China's largest microblog operator, Sina, claims to have 5,000 company microblog users on its Weibo service, including Starbucks, Chanel, and IKEA. The number of microblog users in China leapt over 200 percent to reach 195 million in the first half of this year, ...

Intel aims for a slice of Apple

Intel's Executive Vice-President Sean Maloney said at a May conference in Taipei that by the end of 2012, 40 percent of consumer laptops would be in the form of ultrabooks. Is the era of the laptop coming to an end as the tablet nibbles away at the personal computer (PC) market? ...
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