Economic stability boosts CIC

2010-01-14 07:57:02

China Investment Corporation (CIC), the nation's $300 billion sovereign wealth fund, may gain more than 10 percent from its investments last year on the back of the global financial market and economic stability, a source close to the fund said.

Baosteel increases February manufacturer prices

2010-01-14 07:57:02

Baoshan Iron & Steel Co (Baosteel), the nation's largest steel mill, significantly raised its February manufacturer prices yesterday.

CNGG seeks more mines

2010-01-14 07:57:02

China National Gold Group Corp (CNGG), the country's second largest gold producer, will transfer several gold mines as assets to its Canadian subsidiary Jinshan Gold Mines this year and acquire more mining assets abroad through Jinshan.

Ping An to lift bond holdings

2010-01-14 07:57:02

Ping An Insurance (Group) Co will boost its holdings of bonds such as corporate debt this year as inflation drives up yields, Chen Dexian, deputy chief investment officer of China's second-largest insurer, said in an interview.

Aircraft R&D center breaks ground

2010-01-13 08:09:35

Yesterday's ground breaking of an aircraft engine R&D center in Shanghai may help the city in its bid to become the nation's aircraft-manufacturing hub.

Lenovo changes market strategy

2010-01-13 08:09:35

Chinese computer maker Lenovo Group is planning to alter its 17-year tradition of targeting high-end business users by refocusing its ThinkPad notebooks at small businesses and home offices settings.

Bright Food eyes Australian sugar deal

2010-01-13 08:09:35

Bright Food Group Co, the biggest food company in Shanghai, offered as much as A$1.5 billion ($1.4 billion) cash for Australia-based CSR Ltd's sugar unit to gain raw materials after global prices more than doubled in the past year.

Haier pins hopes on Japan sales

2010-01-13 08:09:35

Haier Group, the world's biggest refrigerator and washing machine maker by volume, said Japanese demand will help sustain sales-growth "momentum" this year after revenue grew more than 10 percent in 2009.

Hackers attack Baidu

2010-01-13 07:52:26

Baidu, China's largest Internet search engine, was the target of a four-hour cyber attack yesterday, the most severe since it was established in 1999.

China's electric car displayed at NAIAS

2010-01-12 10:39:49

China's first electric carmaker BYD displayed its e6 and F3DM electric vehicles at the North America International Auto Show (NAIAS) which opened in the US auto city of Detroit on Monday.

Shanghai Airlines seeks delisting; trading suspended

2010-01-12 08:01:14

Shanghai Airlines, which is scheduled to merge with China Eastern, said yesterday it is seeking to delist its shares from the Shanghai Stock Exchange.

Shougang Steel may acquire Tonghua Steel

2010-01-11 17:22:54

Beijing Shougang Steel Group is planning an acquisition of Tonghua Iron & Steel Group.