New company set up to promote Shaolin culture, tourism

2009-12-28 16:01:16

A new company was set up Sunday to promote the culture of the world-famous Shaolin Temple in central China's Henan province and the tourism of Songshan Mountain, home to the 1,500-year-old temple.

Battery plant closed after lead poisoning found

2009-12-28 15:47:59

Authorities in south China have closed a battery factory and started health checks of all children living nearby after more than 40 children were found to have excessive lead levels in their blood.

Shoemakers urge appeal against EU's anti-dumping duties

2009-12-28 15:35:11

Major Chinese shoe makers have urged the Chinese government to appeal to the World Trade Organization (WTO) against the European Union's (EU) approval of a 15-month extension of anti-dumping duties on Chinese leather shoes.

Budget hotels set for big expansion

2009-12-28 08:05:20

China's budget hotel operators have never been hungrier than now for raising money to meet an aggressive expansion plan. And for them, the US stock market is a good choice.

Anhui Xinhua may raise 712m yuan from float

2009-12-26 07:04:28

Publishing firm Anhui Xinhua Media Co (AXMC) may kickstart a new round of media public floats after it said it was planning to raise 712 million yuan ($104.27 million) through an initial public offering (IPO) to expand its sales network.

Wuhan Iron & Steel to increase output by 24% next year

2009-12-26 07:04:28

Wuhan Iron & Steel Group (Wugang) plans to boost production by 24 percent next year as demand recovers and the economy continues to strengthen, the steelmaker said yesterday on its website.

Ping An extends deadline

2009-12-26 07:04:28

Ping An Insurance (Group) Co, China's second largest insurer, said it would extend the deadline for the planned acquisition of Shenzhen Development Bank Co shares from Newbridge Capital LLC to April 30 from Dec 31.

Challenging conditions may continue, says Sinopec

2009-12-25 08:02:20

China Petrochemical Corp (Sinopec Group), Asia's largest refiner, expects business conditions to stay challenging next year as crude oil prices rise while fuel demand growth lags behind expansion in processing capacity.

Zijin Mining buying $200m of Glencore convertible bonds

2009-12-25 08:02:20

Zijin Mining Group Co, China's largest gold producer, will buy $200 million of convertible bonds issued by Glencore International AG to gain investment opportunities with the world's biggest commodity trader.

Minmetals to hike HNG holdings

2009-12-25 08:02:20

China Minmetals Corporation appears to be edging closer to gaining control of Hunan Nonferrous Metals Holding Group (HNG) after the metals trader said it was increasing its stake in the Hong Kong-listed firm.

Ford close to selling Volvo unit to China's Geely

2009-12-24 10:32:34

Ford is close to selling its Volvo unit to China's Geely Group and expects a final deal early next year, the US auto giant said in a statement. 

BAIC stepping up R&D investment

2009-12-24 08:05:53

Light commercial vehicle maker Beijing Automotive Industry Holding Corp (BAIC) yesterday said it would invest 33 billion yuan over the next three years for vehicle research and development (R&D) and also hinted that it may launch an initial public offering soon.