Train makers eye US rail plan
2011-02-10 09:09:30
The country's two major train manufacturers hope to get on track for potential business opportunities following the $53 billion high-speed rail investment plan unveiled by the Obama administration on Tuesday.
MCC's property arm accelerates overseas expansion
2011-02-09 10:43:34
The real estate arm of China Metallurgical Group Corp (MCC) is quickening property development in Singapore, making it China's first State-owned real estate firm to expand overseas amid rigorous property policies at home.
Private enterprise exports skyrocket
2011-02-09 09:46:33
Private Chinese enterprises exported goods worth $481.3 billion in 2010, a jump of 223 percent compared with 2005, said a report by the All-China Federation of Industry & Commerce (ACFIC).
China Nonferrous buying stake in Daye
2011-02-01 14:39:19
A State-owned miner will invest 3 billion yuan ($454 million) in Daye Nonferrous Metals, China's fifth-largest copper producer by capacity, for an unspecified stake, a Daye executive said on Monday.
CSR predicts 2010 net profit rose by more than 50%
2011-02-01 13:48:15
China's largest train manufacturer CSR Corp said on Monday that it expects its net profit to have increased by more than 50 percent in 2010, thanks to the country's fast development of high-speed railways.
Wenzhou merchants see gain on horizon
2011-02-01 13:47:20
Squeezed by the appreciating yuan and rising wages, factory owners in Wenzhou of Zhejiang province are looking overseas to find higher returns for their fortunes amassed by exporting a range of consumer goods.
South Beauty works for listing to fuel expansion
2011-02-01 13:46:59
Chinese restaurant operator South Beauty Co Ltd is striving for a listing this year to fuel its expansion at home and acquisitions abroad, company Chairwoman Zhang Lan said on Monday.
Zhenhua Heavy may report loss
2011-02-01 13:38:03
Shanghai Zhenhua Heavy Industry Co Ltd (ZPMC), the world's leading manufacturer of large steel cranes designed to unload shipping containers, is expected to report a financial loss in 2010, the first-ever loss in company's 18-year history.
Huawei sales revenue up 24%
2011-02-01 13:37:39
China's Huawei Technologies Co said its sales revenue for 2010 reached $28 billion, a year-on-year increase of 24 percent.
Sohu.com results beat estimates
2011-02-01 10:03:09
The owner of China's fourth-most visited website, Sohu.com Inc, posted a better-than-estimated 41 percent gain in profit after the company raised prices and boosted services such as video sharing.
CNOOC buys into US oil shale operation
2011-02-01 10:01:18
China National Offshore Oil Corp (CNOOC) Ltd, China's largest offshore energy producer, agreed to pay $570 million in cash for a one-third stake in Chesapeake Energy Corp's Niobrara shale project, adding to its US holdings in crude oil production.
A new dimension in entertainment to hit Beijing
2011-01-31 15:20:25
Forget 3D and don't even mention 4D. The latest buzz among entertainment seekers is 5D.