China meal-box maker shut for using recycled garbage

2010-08-12 13:41:50

Foshan Plastics Group Co said it has shut a subsidiary that produces disposal meal containers, after Chinese state television reported that the boxes were made with recycled garbage and violated hygiene regulations.

Tencent's first-half profit surges 66%

2010-08-12 09:47:24

Chinese Mainland leading internet company, Tencent, earned 3.7 billion yuan in the first half of this year, a surge of 66 percent from a year earlier, on increasing advertising sales and rising number of users for its social networking services.

Mine fire interrupts gold output

2010-08-11 11:59:45

China's largest gold-producing city halted output after a fire at a mine killed 16 workers, prompting investors to sell shares of Zijin Mining Group Co and Shandong Gold Mining Co.

China Post, Tom team up for e-commerce unit

2010-08-11 10:03:42

China Post on Tuesday formed a partnership with Internet company Tom Group to jointly launch an online shopping website, in an effort to cash in on the nation's booming e-commerce industry.

China Kanghui prices $68.4m IPO within range

2010-08-11 09:36:25

China Kanghui Holdings, which makes and sells orthopedic implants, said on Tuesday that it priced a $68.4 million initial public offering within the expected range.

Falling market share brings reform at famed Fenjiu liquor

2010-08-10 14:13:20

State-owned liquor giant Xinghuacun Fenjiu Group has set an ambitious sales target to surpass 10 billion yuan in five years and double that by 2020, Wang Jingmin, vice-president of the group, told China Daily in an exclusive interview.

Infant formula scare spares dairy industry

2010-08-10 11:23:41

While consumers continue to wag their fingers at Qingdao-based powdered-milk maker Synutra International Inc for allegedly adding hormones to its products, the news won't have a significant impact on China's dairy industry, experts said on Monday.

Upgrading is order of the day for the paper sector

2010-08-10 11:10:36

A total of 279 paper plants are on the closure list issued by the Ministry of Industry and Information Technology in the government's latest bid to phase out high-polluting and energy-intensive industries.

Large cement companies set to cash in

2010-08-10 10:18:40

Large cement makers will benefit from industry consolidation as China accelerates the phasing out of energy-wasting and outdated production capacity, according to industry experts.

Vultures circle over Google's lost market share

2010-08-10 09:38:01

Sohu.com Inc, operator of China's fourth most-visited Web portal, said on Monday it will link up with Alibaba Group in an effort to grab market share lost by Google Inc.

China Electric Motor nearly doubles profit

2010-08-07 10:47:38

China Electric Motor Inc, which makes parts for household appliances, autos and consumer devices, said Friday that its second-quarter profit nearly doubled.

China's Western Mining reports 10-fold profit surge in H1

2010-08-06 10:00:30

Western Mining Co, China's second-largest maker of lead concentrate, said Thursday that profits in the first half of 2010 jumped 1,175 percent to hit 581 million yuan ($85.8 million).