Eastern Air expects to return to profit
2007-07-03 13:05:29
China Eastern Airlines expects to return to the black in the first half of this year, helped by strong business growth and recently introduced accounting rules, its chairman said yesterday.
Jim Rogers still confident on China's market
2007-07-03 09:00:37
JIM Rogers, who predicted the start of the global commodities rally in 1999, said he's sold out of all emerging markets with the exception of China because they're "over-exploited."
Western mining seeks US$814m in IPO
2007-07-02 12:48:49
China's Western Mining Co, a producer of zinc, nickel and copper, is seeking as much as 6.2 billion yuan in a Shanghai initial public offering to expand production and buy stakes in other mines, Bloomberg said today.
Sinopec, SK sign initial accord on $1.9b ethylene plant
2007-07-02 12:28:24
China Petroleum & Chemical Corp has signed an initial accord with South Korea's SK Corp to jointly build an ethylene plant in Wuhan.
PetroChina to import more for refining
2007-07-02 08:36:22
China's top oil producer PetroChina will import some 40 percent of the crude oil it processes in 2007, up from last year’s 30 percent, a company official said Saturday.
BoCom to create rating system
2007-07-02 08:52:19
Bank of Communications will invest at least 100 million yuan (US$13.1 million) to set up an internal rating system to assess the credit worthiness of individual borrowers to cut bad loans as consumer lending accelerates.
Air France-KLM, China Southern plan to establish cargo JV
2007-07-02 08:19:41
Air France-KLM Group and China Southern Airlines agreed to have exclusive discussion over the creation of a cargo joint venture in China, according to the source with Air France-KLM Group Sunday.
Jinan Steel may double first-half profit
2007-06-29 13:36:27
Jinan Iron & Steel Co said in a statement that first-half profit may double because of higher prices and lower costs.
CIMC bought stakes of a foreign company
2007-06-29 13:34:29
CIMC, the world's largest maker of freight containers, said it bought a majority stake in Netherlands-based Burg Industries BV, to further expansion and extend product range.
Chinese aircraft producer prepares for overseas public offering
2007-06-29 09:04:17
China's AVIC I Commercial Aircraft Co Ltd is raising funds from overseas investment banks and business partners to prepare for a future public offering abroad.
Fujian Expressway planning highway expansion
2007-06-29 08:31:29
Fujian Expressway Development Co said yesterday it is planning to spend 14.1 billion yuan to expand two highways because of surging traffic in Fujian.
Baosteel sets up joint venture
2007-06-29 08:27:18
Baosteel yesterday set up a joint venture with privately owned Jiangsu Yinhuan Precision Steel Tube Co Ltd in Jiangsu to produce nuclear power evaporator steel tube.