20% raise for Foxconn workers
2010-05-29 10:28:50
Taiwan's Hon Hai Precision Industry said on Friday it will raise the pay of its workers at its mainland Foxconn unit by an average of 20 percent, a move that follows a spate of suspected suicides at the company's production bases.
China tycoon Huang appeals 14 year jail term
2010-05-28 15:02:25
China's one-time richest man and the founder of a major retail chain has appealed his 14-year jail sentence for bribery and insider trading, the Legal Daily reported on Friday.
Soft drink maker Wahaha to sell milk powder
2010-05-27 17:42:58
Hangzhou Wahaha Group Co Ltd (Wahaha Group) will extend to the infant formula milk powder field this year, Zong Qinghou, group chairman told Xinhua on Wednesday
Investment is taking off for airline center in Tongzhou
2010-05-27 14:11:51
Hainan Airlines (HNA) will invest 30 billion yuan to build a massive Beijing International Aerotropolis (BIA) in Songzhuang, Tongzhou district.
Foot dragging slows Shanxi province steel consolidation
2010-05-27 09:28:31
Steel industry restructuring in Shanxi province may kick off this summer, with State-owned Taiyuan Iron and Steel Group and Shougang Group leading the province's 60 million tons of capacity consolidation. Steel firms nervous over talk of rebate cut
Australian delays approval of China-CSR sugar deal
2010-05-26 11:51:40
Australia's Foreign Investment Review Board on Wednesday delayed a final decision on whether China's Bright Food Group can go ahead with its $1.62 billion bid for a sugar unit of Australia's CSR Ltd.
China's Dynasty Wines may purchase new, old world vineyards
2010-05-26 11:45:51
Dynasty Fine Wines Group Ltd, part- owned by France's second-biggest liquor company, may spend almost $150 million to boost capacity 43 percent to meet rising demand in China.
Shopping firm beset by debt
2010-05-26 10:54:18
On Tuesday, on the 17th floor of the futuristic and stylish Soho Building on Guanghua Road, Chaoyang district, employees of Dazhong Gouwu (Mass Shopping), a TV shopping company, were packing their personal effects and preparing to leave.
Midea recalls its so-called purple clay cookers
2010-05-25 17:20:31
China's home appliance giant Midea will allow consumers to return a kind of electric cooker produced by the company, in response to a China Central Television (CCTV) broadcast on Monday that revealed the cookers were made of ordinary clay instead of the purple clay described in their advertisements, Nanfang Daily reported Tuesday.
China Merchants hopes container shipments top 2008
2010-05-25 15:56:59
China Merchants Holdings (International) Co, the owner of stakes in ports that move a third of the country's cargo containers, said volume this year may surpass 2008's record.
Hubei chemical firm sues over trademark loss
2010-05-25 15:43:36
Hubei Xiangyun (Group) Chemical Co recently filed a lawsuit in Beijing No 1 Intermediate Court against the Trademark Appeal Board of the State Administration for Industry & Commerce (SAIC) after the authority abandoned the company's fertilizer trademark, which had been registered and used for over 10 years.
Foxconn president refutes 'sweatshop' allegation
2010-05-25 15:21:32
President of Foxconn Terry Gou has denied claims Foxconn is a sweatshop for its factory workers in his first public comments after a string of suicides by the company's employees.