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Hong Kong-based flagship airline Cathay Pacific said Wednesday that its attributable profit in 2011 stood at HK$5,501 million ($709 million), down 60.8 percent from the record HK$1.404 billion in 2010.
China's quality watchdog said it is in contact with auto giant Volkswagen (China) after many customers complained about defects in the DSG of the company's vehicles.
Major Chinese multinational companies are making active efforts to engage in corporate citizenship as they expand into the global market.
Chinese beverage magnate Zong Qinghou sees his latest laureate as the richest person in the Chinese mainland as nothing to brag about.
An international IT industry consortium is inviting Chinese companies to participate in the development of industrial standards during its recent tour to Beijing and Shanghai.
Chinese auto parts manufacturer Lingyun Industrial Group said Tuesday that it has acquired German car-lock maker Kiekert with a controlling stake of 55 percent.
China Mobile Communications Corp will strengthen its presence in the domestic broadcasting industry by becoming a minority shareholder in China Broadcast Corp.
China Mobile Communications Corp has confirmed its participation in an auction of Pakistan's third-generation wireless spectrum.
As Chinese companies expand globally, they are adding local jobs, establishing universities and research institutions and building up community schools and hospitals.
China's largest property developer by market value, China Vanke Co Ltd, on Monday announced robust growth in its net profits in 2011.
Increasing competition in China's online video market has pushed the two biggest players to a merger that will create the largest company in the industry.
Luo Yueping, board secretary of China Eastern Airlines, recently said the company's commercial needs will determine whether it will continue to purchase Airbus jets.
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