Strategic consolidation of resources benefits industry

2010-11-17 16:46:28

China may have the world's largest coal industry, but it is also the most fragmented. And, consolidating the country's coalmines is imperative, but it is also difficult.

Datong Coal prepares to expand its industrial chain

2010-11-17 16:44:31

Datong Coal plans to spend 2 billion yuan building the largest coal-exploration equipment production base in northern Shanxi province.The company said its goal is to double the current figures for coal output and total assets in 2012.

Sina Q4 seen soft, microblog monetisation in 2011

2010-11-17 15:25:25

China's Sina Corp disappointed Wall Street with a soft outlook for its fourth quarter, citing a slowdown in advertising spending for certain categories, sending its US shares lower in after-hours trade.

China Southern to be 1st Chinese airline to fly Boeing's 787 Dreamliner

2010-11-17 14:57:14

China Southern Airlines Company Limited will be the first Chinese airline to use Boeing's 787 Dreamliner, the Chinese airline and the Boeing Company said Wednesday.

TCL sees better sales prospects in Asia

2010-11-17 13:34:55

TCL Corporation, one of China's largest household appliance makers, expects to strengthen its international presence in Asian emerging markets, a region it sees significant sales growth, through the sponsorship of the 16th Asian Games in Guangzhou.

Alibaba.com enhances security measures

2010-11-17 13:29:20

The online commerce operator Alibaba.com Ltd, partly owned by billionaire George Soros, is seeking to further improve the security and quality capabilities of its merchants, a move that will enhance revenue as it expects to make $200 billion this year from the business-to-business platform.

Aerospace reaches for the stars

2010-11-17 11:10:49

China Great Wall Industry Corporation (CGWIC), the country's only satellite exporter and launcher for overseas customers, agreed to buy 20 carrier rockets and eight satellites in the next five years.

Uranium capacity will be increased

2010-11-17 10:32:23

China National Nuclear Corp (CNNC), the country's largest operator of atomic power plants, will increase annual overseas uranium capacity to 5,000 tons in 10 years to secure raw material supplies, a company official said Tuesday.

Asset managers to shake up State-owned firms

2010-11-17 10:16:32

Guoxin Asset Management Company, also referred to as China Investment Corporation No 2, may be established before the end of the year, said sources from the State-owned Assets Supervision and Administration Commission (SASAC).

Mining industry witnesses robust growth

2010-11-17 10:00:09

China's mining industry has witnessed significant growth in investment and mineral production, yet uncertainties still loom ahead, officials and experts attending the 12th China Mining Conference & Expo said in Tianjin on Tuesday.

Big jet takes off with 100 orders

2010-11-17 09:43:27

China's challenger to Boeing and Airbus announced the first 100 orders for its single-aisle commercial aircraft from four Chinese airlines and two leasing companies, revving up global competition in the domestic aviation market, predicted to be worth more than $450 billion over the next two decades.

Gome sees profit jump as possible peace deal looms

2010-11-16 15:11:08

Gome Electrical Appliances Holding Ltd, the China retailer seeking to end a dispute with its jailed founder over management control, said profit in the first nine months of the year surged 49 percent.