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Rivals put heat on iPad at CES

A video wall measuring 10 x 6 meters is unveiled during a news conference at McCarran International Airport in Las Vegas, Nevada, on Monday ahead of the International Consumer Electronics Show, which begins tomorrow. The video wall by Samsung Electronics is believed to be the ...

Crackdown in Italy's 'little China'

Italian police officers sweep through the mosquito-infested clothes workshop, rifling through personal belongings and cracking jokes about the foreign food as six Chinese laborers look on in fear. Boxes filled with sparkling black shrugs and red party dresses spill onto the floor ...

iPhone bug still not fixed

A bug that caused iPhone alarms to malfunction on the first two days of the year was still affecting users yesterday - even though Apple Inc claimed to have fixed it. Phone users reported they missed flights or were late for work yesterday, as their iPhone alarm failed to go off ...

Valin shares get a boost in Shenzhen

A Valin Iron & Steel plant in Hunan province. Industry insiders said the company's listing plan is designed to support capacity expansion and overseas acquisitions. [China Daily] Company contemplating IPO to expand capacity, say sources Shares of Hunan Valin Steel Co, one of ...

Cotton prices to extend rally

Workers sort cotton in a processing plant in Nantong, Jiangsu province. China is expected to increase cotton consumption by 1.5 million bales in the 2010-11 plant-harvest cycle to 49 million bales from a year earlier. [Xu Ruiping / For China Daily] Demand rises on textile ...

Hard choices for investors

An investor looks at stock quotes at a securities trading firm in Shanghai. China stocks fell continuously last week, deepening the bear market's losses, on concern the government will increase borrowing costs to curb accelerating inflation and rising property prices, dampening ...

Stocks fall on steel industry downgrade

SHANGHAI - China's stocks fell on Shenyin & Wanguo Securities Co's downgrade of the steel industry and concern healthcare companies may be overvalued given their earnings outlook. "A slowing of economic and corporate earnings growth in the third quarter looks certain as a result ...

Brazil sets conditions on China's toy story

Toys are displayed at a booth at the Guangzhou Yide Road wholesale toy market in Guangzhou. The value of China's exports of toys and parts grew by 30.3 percent to $9.34 billion during the first 11 months of this year, only 3 percent of which went to Brazil. [Photo / Bloomberg] ...

Stable currency 'vital for exports'

Nation's traders hit by appreciation of yuan, lowering of tax rebates BEIJING - A leading Chinese trade think-tank called on the government to ensure there are no major changes to currency and export-related policies, citing the "unhopeful" prospects for Chinese exports in the ...

Iron ore swaps gain more ground

Li Yizhong, minister of industry and information technology, tells major steelmakers including Baosteel to upgrade their product portfolios at a meeting on Monday in Dalian. He also told the companies to cut emissions, a key task for the industry this year. [Liu Debin / for China ...

Capacity cut to have no big impact on steel prices

A worker checks the temperature of a smelter at Ma'anshan Iron & Steel Co Ltd's plant in Ma'anshan, near Nanjing. [Qilai Shen / Bloomberg] BEIJING - The government-ordered closure of 175 steel mills and 143 ferroalloy producers as part of measures to close plants with outdated ...

Steel output slips on weak demand

Workers transport steel pipes at a steel market in Hefei, Anhui province November 6, 2009. [Photo / Agencies] BEIJING - Crude steel output in China fell to a five-month low in July due to weak demand, but might see a pickup over the next few months as steel prices rebound, ...

Textile shipments to hit record

woman examines yarn at a weaving machine at the Jiangsu Sunshine Co textile factory in Jiangyin, Jiangsu province. [Kevin Lee / Bloomberg] BEIJING - China's overall textiles export volume is expected to hit an all-time high this year, even a little higher than the levels seen ...

High trade surplus 'likely to remain'

BEIJING - The country's high trade surplus will likely remain for the rest of the year as domestic demand continues to shrink from government attempts to curb the property bubble, Chinese analysts have said. Exports in July shot up 38.1 percent from the same period last year, ...

US shocker for Chinese steel gratings

A man works on steel gratings at a steel mill in Huaibei, Anhui province. Wu He / for China Daily Commerce Department wants final duties of over 200% on imports BEIJING - The US Commerce Department on Tuesday set combined final duties of up to more than 200 percent on imports of ...

Private deals signal cracks on the iron ore pricing front

A worker at a steel mill in Huaibei, Anhui province. Soaring iron ore prices have haunted domestic mills and raised concerns that profit margins may shrink over the long term as steel prices decline. [China Daily] Some steel mills sign contracts with big miners for raw material ...

Expo a rare opportunity for nation's exhibition industry

The Shanghai Expo, opening on May 1, will be a test of China's ability to host large-scale expositions and a historical opportunity for the Chinese exhibition industry. The Suzhou pavilion at the Shanghai Expo 2010 is a vivid showcase of the city's attractions. [China Daily] The ...

Ship scrapping business now a sure money maker

BEIJING: As the shipbuilding industry struggles to recover from the global recession, China's ship scrapping business has become a smorgasbord for both factories and investors. A worker cuts up pieces of the MSC Napoli cargo ship in a dry dock in Belfast, Northern Ireland. Global ...

Overcapacity exacerbated by recession

Curled steel plates rust while lying idle in an iron and steel factory in East China's Jiangsu province. China's steel output was 567 million tons in 2009, much more than actual demand for the year in the domestic market. [China Foto Press] Economists fear manufacturers and ...

Steel mills told to halt production

Workers weld steel rods at the coal exchange center in Taiyuan, Shanxi province. In addition to small steel mills, some small coking coal and electrolytic aluminum makers will also be forced to close, the government said on Tuesday.[China Daily] Beijing - Small steel mills with ...
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