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Air China Ltd. and China Eastern Airlines Corp., China's biggest and third-largest carriers by market value, both reported record quarterly profit growth on the back of robust growth in domestic air travel and a strong yuan. Air China said late Thursday its third quarter net ...
Following the National Development and Reform Commission (NDRC)'s raising of gasoline prices Monday night, many airline companies, including Air China, China Eastern, Shandong Airlines, Xiamen Airlines, Hainan Airlines and Shenzhen Airlines, announced Tuesday to raise their fuel ...
China's civil aviation fleet is set to nearly double to about 5,000 aircraft in five years, a top civil aviation official said on Thursday. Li Jiaxiang, head of the Civil Aviation Administration of China (CAAC), said on the sidelines of a forum on civil aviation development in ...
Athens' 'Eleftherios Venizelos' International Airport (AIA) and COSCO will promote a combined sea-air transport service through simplified procedures to attract more transit cargos, taking advantage of the country's significant geographical position. Don't miss COSCO acquires ...
China Railway Construction Corp, which has built more than 50 percent of the railway system in the country, predicted a loss of more than 4.1 billion yuan (US$616 million) on its Mecca light-rail contract. China Railway signed the contract, originally valued at 6.7 billion Saudi ...
The Ministry of Railways on Monday signed a Memorandum of Understanding (MOU) with the Bay Area Council for investing in California's future high-speed rail network. Under the MOU, the council will provide assistance and consultancy services on high-speed railway construction to ...
A high speed railway will begin running between the cities of Haikou and Sanya on southern China's island province of Hainan from November 2010. Built at a cost of 20.2 billion yuan (about 3 billion U.S. dollars), the railway skirts along the eastern coast of the island for a ...
China CNR Corp, one of the nation's two major train makers, agreed to acquire a 50 percent stake in a Shanghai rail traffic equipment maker as part of its strategy to cooperate in the urban rail transport equipment business. CNR yesterday signed the deal to buy 44.79 percent ...
China Eastern Airlines Co Ltd signed a strategic cooperation agreement with China Airlines, Taiwan province's premier airline on Tuesday to extensively cooperate on cargo flights, passenger flights, logistics, aircraft maintenance and marketing. According to China Eastern ...
Daqin Railway Co said Monday its unaudited net profit was expected to rise about 50 percent from a year earlier in the first quarter as the country's economic recovery pushed up demand for coal transportation. The company's net profit was 1.46 billion yuan ($213.9 million) in the ...
Six domestic airlines will lower jet fuel surcharges to 40 yuan (US$5.86) from 50 yuan today on domestic routes for adult passengers who travel more than 800 kilometers while the fee will remain at 20 yuan for routes 800 kilometers or shorter. Air China, Shenzhen Airlines, ...
European aircraft manufacturing giant Airbus said it is aiming to sell five corporate jets in China annually year over the next few years as the country has become the world's fastest growing market for private jets thanks to the rise of the ultra-wealthy in the country. "Our ...
Domestic airlines are expected to lower jet fuel surcharges on internal routes after the National Development and Reform Commission, China's top economic planner, reduced the fees and jet fuel cost. The NDRC trimmed the domestic aviation fuel cost by 10 yuan (US$1.46) per ton to ...
Construction work on a large harbor to accomodate cruise ships will be completed at the end of May in Tianjin, the largest artifical deep-water port of northern China, according to port management authorities. The authorities said the harbor would be the largest ferry terminal in ...
Zhejiang Ocean Shipping Co is planning an initial public offering (IPO) of its shares on the Shanghai Stock Exchange this year to bolster capital and strengthen its competitiveness in the ocean shipping industry, a source familiar with the matter said on Wednesday. The company, ...
China CSSC Holdings Ltd. the country's leading ship builder, announced Monday that net profits in 2009 shrank by 39.88 percent due to declining orders and prices hit by the global economic slowdown. The Shanghai-based firm said in its 2009 annual report that its net profit fell ...
No efforts will be spared to develop Shanghai into an international shipping center, government and city officials said at an industry conference in the city yesterday. "Shanghai should focus on transforming its development mode and we shall spare no efforts to encourage Shanghai ...
Air services between Zhengzhou and Xi'an, two Chinese provincial capital cities, were suspended on Thursday, 48 days after a high-speed railway line started operation between the two destinations. The Xinzheng International Airport in Zhengzhou, capital of central China's Henan ...
Damco, the Denmark-based freight forwarding arm of A.P. Moller-Maersk Group, officially announced the opening of its office in Chengdu, Sichuan Province on Wednesday. Damco, one of the world's largest logistics and supply chain management companies, employs over 1,000 staff in ...
Hong Kong-based carrier Cathay Pacific Airways plans to expand its service across China by increasing the frequency of its flights and adding new routes, Chief Executive Tony Tyler told China Daily in an exclusive interview. Tyler also said the recent cargo joint venture with Air ...
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Xi Jinping to lead national security commission
Xi Jinping to lead national security commission
The Political Bureau of the CPC Central Committee has decided that ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
Xinhua Insight: Emerging economies able to secure steady growth
Xinhua Insight: Emerging economies able to secure steady growth
DAVOS, Switzerland, Jan. 25 (Xinhua) -- Emerging economies are ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
Shell companies struggle to stay listed
Shell companies struggle to stay listed
China is planning to clamp down on back door listings. A back door ...
HK Disneyland Gets Toy Story Land
HK Disneyland Gets Toy Story Land
A general view of Toy Story Land at Hong Kong Disneyland is taken ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualified for the 2014 FIFA U-20 women's World Cup following a 4...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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 ...