Equities decline, led by real estate firms

2009-12-19 08:27:18

Mainland stocks fell for a fourth day on Friday, the longest losing streak since August, on concern the government will step up measures to curb property speculation and new share sales will divert funds from existing equities.

Battery venture to power green cars

2009-12-18 14:34:29

Shanghai Automotive Industry Corp (SAIC) yesterday said it will form a $20-million venture with US-based A123 Systems Inc to jointly develop batteries and systems for green vehicles in China.

Airline fights back against high-speed railway

2009-12-18 10:47:02

China Southern Airlines yesterday launched express routes linking Guangzhou, capital of Guangdong Province, with Wuhan and Changsha in central China to avert any loss of passengers to a high-speed railway which starts operations next week.

Shenzhen firm to sidestep Mickey

2009-12-18 07:57:56

China's top theme park developer plans to avoid direct competition with The Walt Disney Company by developing new theme parks outside major cities, and a renewed focus on the nation's culture.

Shaolin firm may seek listing

2009-12-17 08:02:21

A holding company that will manage the tourism-related assets of the Shaolin Temple is likely to seek public funds for expansion before 2011, the Shanghai-based Oriental Morning Post reported yesterday, without specifying where the firm would be listed.

Beverage executives jailed for stealing from employee fund

2009-12-16 09:08:46

Three former executives of China's once biggest beverage maker, Jianlibao Group, have been jailed for stealing from the staff welfare fund, said a court official in south China's Guangdong province on Tuesday.

Chinese company takes over White House Theatre

2009-12-15 14:42:29

China Heaven Creation International Performing Arts Co Ltd (CHC) Monday formally took over the ownership of the White House Theatre in Branson, Missouri, making the first ever successful purchase of an American theatre by a Chinese company.

Central SOEs expect 750b yuan in annual profits

2009-12-15 14:34:14

China's centrally-administered State-owned enterprises (SOEs) are expected to reap 750 billion yuan ($110.29 billion) in profits this year as their business operations improve, the state assets watchdog announced Monday.

Airlines weather downturn

2009-12-15 08:08:21

Chinese airlines have weathered the financial maelstrom without too much turbulence, with the latest statistics indicating a profitable year for the air transport industry.

Public float set for education group

2009-12-11 07:56:56

An organization that prepares applicants for the Chinese civil service exam is planning to be the first training company to float its business publicly.

Safe online shopping platform to be launched

2009-12-09 14:51:09

Software maker Jinshan will join Taobao, a leading online trading platform in China, and Maxthon Browser to build a secure online shopping platform, the Beijing Times reported.

Baosteel set to lead iron ore parleys

2009-12-09 07:57:30

Action seems to be hotting up on the iron ore price negotiation front with steelmaker Baosteel Group replacing China Iron and Steel Association (CISA) as the chief negotiator for the Chinese side in its talks with the big three iron ore suppliers, BHP Billiton, Rio Tinto and Vale.