CNR to deliver high-load freight cars

2011-01-25 10:38:42

China CNR Corp signed an agreement with Australian miner Fortescue Metals Group Ltd (FMG) to deliver the world's largest railway freight cars to Australia, advancing the high-end market.

Mutual fund giant increases property shares

2011-01-25 09:07:17

China Asset Management Co, the nation's biggest mutual fund company, boosted its holdings in property stocks in its flagship fund in the fourth quarter even as the government tightened policies to curb asset bubbles.

China's Li Ning to break into US sportswear market

2011-01-24 17:39:44

China's homegrown sportswear brand Li Ning is going to expand into the US market using a low-budget edge, The Associated Press reported.

Sinopec refines 13% more crude oil in 2010

2011-01-22 10:38:53

China Petroleum and Chemical Corp (Sinopec), the nation's largest oil refiner, said on Friday that it processed 211 million tons of crude oil in 2010, up 13.2 percent year-on-year.

CRP digs in to secure more coal assets

2011-01-22 10:01:16

China Resources Power Holdings Co (CRP) said it's seeking to buy a controlling stake in a coal-mining project in Shanxi province, for about 6 billion yuan ($910 million).

China buys 150,000 tons of Australian feed wheat

2011-01-20 17:24:09

China's State-owned grains trader COFCO Co Ltd has bought three cargoes of Australian feed wheat for March and April shipment, a Chinese feedmill source and a trade source with knowledge of the shipments said on Thursday.

Chalco swings back to profit in 2010

2011-01-20 09:51:49

Aluminum Corporation of China, or Chalco, swang back to profit in 2010 as revenues increased and administrative costs fell, a company spokesman said Wednesday.

Li Ning expects business to slow

2011-01-18 13:43:27

Li Ning Group Ltd said on Monday that its 2011 gross profit margin will be 1 percent lower than the previous year and its third- and fourth-quarter order growth will be lower than the first two quarters.

CNOOC taking giant steps

2011-01-18 11:19:26

For Fu Chengyu, the helmsman of China's largest offshore oil conglomerate, it's never been an easy job to steer the vessel in rough seas.

China's CSGC aims high on new energy development

2011-01-17 10:37:06

The China South Industries Group Corporation (CSGC), the nation's leading military industrial company, said on Saturday that it would make more efforts focused on new energy development during the next 5 years.

Li Ning says Q4 store sales growth at 3.6%

2011-01-17 10:21:52

Li Ning Group Ltd said on Monday that same-store sales growth of its L-Ning brand products increased 3.6 percent in the fourth quarter and about 3.9 percent for the full year.

Intime sets store by new outlets

2011-01-15 10:22:26

The Chinese department store operator Intime Store Group Co plans to open 12 new outlets around the country within three years, with others to follow later, in a move designed to make the company a national chain.