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Chinese market sets scorching pace for Asian automakers

Akio Toyoda, president of Toyota Motor Corp, stands before a crowd at this year's Shanghai Auto Show speaking about the reasons his company loves working in China. "Bringing smiles to the faces of customers in China is key," Toyoda says. His words are not merely a reflection of a ...

Vehicle sales on road to recovery

Passenger vehicle sales are well on the road to recovery, after stalling in April and May, with 5.3 percent year-on-year growth in the first six months of 2011. Analysts had voiced concerns at the possibility that 2011 could be the first year to record decreasing sales after ...

The9 to come out shooting with Firefall

The booth of The9 Ltd at the China Digital Entertainment Expo and Conference in Shanghai. [China Daily] The9 Ltd, a leading online game operator and developer in China, is poised to release a new game as part of its strategy to rebound after the big loss of World of Warcraft (WoW...

Former senior telecom official removed from the post

Su Jinsheng Su Jinsheng, former chief engineer of China's Ministry of Industry and Information Technology, had been expelled from the Communist Party of China (CPC) and removed from his official post on charges of corruption, according to the ministry's website on Thursday. Su ...

Facebook adds Skype-powered video call

Facebook, the leading social netweoking Web site, announces Wednesday that it will add video call function to its service. [CFP] Facebook announced Wednesday that it will introduce video call to its social networking service through cooperation with Skype. The cooperation is a ...

Sony Ericsson, China Mobile to develop 4G phones

Sony Ericsson Mobile Communications AB will cooperate with China Mobile Holdings Ltd to develop mobile phones that support China's domestic fourth-generation telecommunications technology, Sony Ericsson's global president said. Bert Nordberg, president and chief executive officer ...

Hostels provide refuge for city job seekers

Wei is staying in a small job hostel on North Zhongshan Road in Shanghai. He arrived a week ago from Shenzhen, Guangdong province.[Photo /China Daily] Young migrants, trying to make their way in life, struggle to survive, Yu Ran reports from Shanghai. Sharing a double bed with a ...

Shenhua wins 40% stake in coal project

Shenhua, China's largest mining company by output, will get the largest share of Mongolia's Tavan Tolgoi coalfield project. [CFP] Shenhua Group Corp Ltd is to get a 40 percent share in developing Mongolia's Tavan Tolgoi coalfield, the world's largest untapped source of coal, ...

Baidu teams up with Microsoft for English-language search

Baidu, China's largest search engine, inks a deal with Microsoft's Bing to offer Engligh-language search. Baidu, China's largest search engine, signed a deal with Microsoft's Bing to provide English language search results for users, a move considered to help Baidu gain market ...

PopCap powers up

Co-founder of PopCap Games John Vechey in the company's Seattle headquarters. PopCap's game Plants vs Zombies is very popular among Chinese netizens. Provided to China Daily With the increasing interest shown by Internet users in games, PopCap Games Inc, a United States-based ...

HP plans expansion in China

A Hewlett-Packard (HP) Corp booth at an expo in Beijing. The PC maker announced expansion plans in Beijing on Wednesday. (Photo / China Daily) Hewlett-Packard (HP) Corp, the world's largest PC maker by shipment volume, announced its expansion plans for China on Wednesday. ...

Steel producer to more than double output

ZHENGZHOU - China Gerui Advanced Materials Group Ltd, a Chinese maker of high-precision, cold-rolled strip steel listed on the NASDAQ index, started work on Wednesday on production lines that will allow it to make 300,000 tons more of its chief product a year. The company will ...

BYD's profit plummets as industry sales drop

BYD Co's exhibition area at an auto expo in Shanghai . The Chinese automaker backed by Warren Buffett intends to raise 1.42 billion yuan ($219 million) in its initial public offering in Shenzhen. [Photo / China Daily] Chinese battery and carmaker BYD Co Ltd reported an 84 percent ...

Baidu looking to go beyond Web searches

Baidu Inc reports that its first-quarter profit more than doubled in 2011. Baidu Inc, the most popular search engine in China, introduced a service on Wednesday that will make it easier for customers to access content they have searched for on mobile devices. The step is intended ...

Pork prices continue to rise

Pork prices keep their bull run in the week ended June 26 with an increase of 4.5 percent week-on-week, according to the Ministry of Commerce (MOC) on June 28. In China nowadays, it is pigs rather than bulls that touch the nerves of the markets. Pork prices kept their bull run in ...

ZTE to start producing tablets in Brazil

A ZTE booth at China International Exhibition Center in Beijing last year. The company expects to ship 12 million smart terminals in 2011, almost 90 percent of which will be smartphones. [China Daily] Chinese technology company ZTE will start producing tablets in Brazil in August...

China placing priority on biotechnology

2011 International Conference for Bio-economy is being held in Tianjin from Sunday to Tuesday. China will spend 2 trillion yuan ($308.5 billion) on science and technology, making biotechnology a major priority, in the next five years, Chinese State Councilor Liu Yandong said at ...

Micro blogs and macro payments

China's Sina Corp will launch an English version of its microblog, Weibo, by the end of the year for overseas users. The development of the Internet over the past 20 years has not only changed the way most people live their lives, but has also provided a plethora of new platforms ...

Investors' Forum points to shifts in clean tech capital

A buzz of excitement permeated the room at the 4th Annual Cleantech Investor Forum on June 21 in Beijing. Some of the world's top investment managers, market analysts, and consultants in green technology shared their predictions about long and short-term investment trends and ...

Rio to reduce Q3 prices by as much as 3%

SHANGHAI - Rio Tinto Ltd, the world's No 2 iron ore miner, will drop its prices by up to 3 percent for Chinese steel mills for the third quarter, sources with knowledge of the contract details told Reuters. The modest price cut was in line with a decline in spot prices of the ...
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china

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market

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finance

company

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trade

sports

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