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DHL urges greater efficiency for sector

Delivery vans are parked at a DHL sorting facility near Pudong Airport in Shanghai. The logistics company believes that increasing infrastructure investments, reducing administrative costs and establishing logistics standards can lead to greater efficiency in the industry. [Photo...

China steel output rose 2% in early November: CISA

SHANGHAI - China's massive steel sector produced 2 percent more crude steel in the first 10 days of November than in late October, data from the China Iron & Steel Association (CISA) showed on Thursday. The country's average daily crude steel output stood at 1.601 million tons in ...

Cold-chain giants seek lucrative China market

BEIJING - United States cold-chain logistics giants are stepping up their operations in China to cash in on a fledgling but rosy market that generates $14 billion in revenue a year. Cold-chain logistics is a temperature-controlled storage and distribution network, used primarily ...

Minmetals sees improved 2010 results

BEIJING - China Minmetals Corp, China's largest steel and metals trader, expects an 80 percent increase in its fortunes this year, with increased profit, propelled by a rally in metal prices despite recent pullbacks and good returns from its overseas mining resources. "Revenue ...

Bluestar Adisseo seeks $1.56b in IPO

Bluestar Adisseo is the world's second largest producer of methionine. [Photo / China Daily] Listing to help firm achieve sustainable development BEIJING - Ren Jianxin, president of China National Chemical Corp (ChemChina), says that "Pearl on the Crown" describes the Bluestar ...

Calm waters ahead for Qingdao Port expansion

A dockworker stands in the Qianwan container terminal of Qingdao Port in Shandong province. Qingdao Port (Group) Co Ltd plans to considerably expand facilities to enable it to surpass Busan Port in South Korea. [Photo/Bloomberg] Group plans massive investment to expand oil and ...

Imported iron ore stocks decrease as prices gain

Iron ore inventories at 25 of China's major sea ports dropped to 100.35 million metric tons in the week ending Dec. 5, down 520,000 tons from one week earlier, according to the Xinhua-China Iron Ore Price Index released on Tuesday. Meanwhile, the price index for 63.5-percent...

Shougang starts venture project in Malaysia

In a move to dominate Southeast Asia's steel industry, China's state-owned steel maker Shougang Group launched a project on Monday to build a 1.8 billion ringgit (574.25 million U.S. dollars) integrated steel mill in Malaysia through a joint venture with local steel maker Hiap ...

GM to recall 993 cars in China

US automaker General Motors Co and its Chinese joint venture Shanghai GM will recall 993 vehicles in China, the country's consumer quality watchdog said Friday. The vehicles being recalled include 124 Opel Antara SUVs and 869 Chevrolet Captiva SUVs, which were all manufactured ...

One in 10 U.S. mobile phone users having an iPhone

About one in 10 mobile phone subscribers in the United States is now using an Apple iPhone, said a new survey released on Friday. Latest survey results from research firm comScore showed that for the three-month period ending in October, Apple remained the No. 4 handset maker in ...

China Telecom, China Unicom pledge to mend errors

Following last month's government-initiated anti-monopoly probe, China's two telecommunications giants announced Friday they will substantially raise their broadband speeds while further lowering broadband costs over the next five years. China Telecom and China Unicom also said ...

Telecom giants seek settlement

Two of China's major telecommunications companies announced on Friday that they will substantially raise their broadband speeds and lower broadband costs over the next five years. The announcement came in the wake of last month's government-initiated probe into monopolistic ...

Renault S.A. to recall 1,411 SUVs in China

Renault (Beijing), the China unit of French automaker Renault S.A., will recall 1,411 Koleos sport utility vehicles (SUV) in China's mainland starting Dec. 26, the country's quality watchdog said Thursday. These vehicles were manufactured between Oct. 14, 2010 and Jan. 18, 2011, ...

UNDP-supported new facility for high-tech entrepreneurs opens in Xinjiang

The South-South Global Assets and Technology Exchange (SS-GATE) launched a new workstation in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region, on Wednesday. The move was carried out to provide a new channel for global technology transfer, as well as ...

China to launch first 3D television channel in January

China's first 3D television channel will air on a trial basis on Jan. 1, 2012 and go into official operation during the upcoming Lunar New Year Festival in late January, according to government authorities. "We have officially started preparations for the country's first ...

GM busy easing concerns over Volt battery safety

General Motors (GM) on Monday announced several initiatives, including battery safety research and free vehicle loan, to ease ongoing concerns over the battery issue of Chevrolet Volt, a five-star safety car of GM. The initiatives came after the National Highway Traffic Safety ...

TV commercials ban to take effect

China's top broadcasting watchdog has ordered a national ban on all TV stations airing commercials during TV dramas. The new ban will take into effect on Jan 1, 2012 and all TV stations must rearrange their programs to delete all commercials set to air during TV dramas or face ...

OPEC oil price keeps dropping amid European debt crisis

The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) dropped to 108.05 U.S. dollars a barrel last week, the Vienna-based cartel said Monday. The downgrade of Portugal's credit rating, which has increased the concerns about the European debt crisis, ...

Chery's exports to hit all-time high in 2011

China's leading private automaker, Chery Automobile Co., Ltd., is expected to export a record 170,000 units of vehicles in 2011, marking the highest annual export figure in the company's history, a company manager said Friday. Chery exported 135,556 units of vehicles in the first ...

China tightens control over rare earth projects

The Ministry of Environmental Protection on Thursday announced a list of the first 15 rare earth metal enterprises that have passed the ministry's environmental protection check. The enterprises were selected from 84 companies that passed inspections by environmental watchdogs in ...
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Merck to put $1.5b in R&D
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market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
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Yao's gift of sport for all
Yao's gift of sport for all
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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
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