Zhongwang looks overseas for growth
2012-02-07 09:50:33
China Zhongwang Holdings Ltd, the world's second-largest manufacturer of aluminum extrusion products by volume, has set a goal of increasing the volume of its exports to the United States by fivefold in 2012, indicating the company's ambition to strengthen its overseas business.
Li Ning to reduce staff to lower costs
2012-02-07 09:46:54
China's homegrown sports brand Li Ning Co Ltd has announced that it will reduce staff numbers to rein in costs after it had predicted its revenue for 2011 had fallen by 6 to 7 percent year-on-year.
Apple faces trademark suit
2012-02-07 09:27:46
A Shenzhen-based enterprise has accused technology giant Apple of infringing on its iPad trademark - a trademark over which both companies claim ownership.
DBS launches local subsidiary in Taiwan
2012-02-06 17:36:21
DBS Bank, Southeast Asia's largest bank, on Monday celebrated the establishment of its operations in Taiwan, which commenced operations at the beginning of the year.
Air China, China Southern approved for airplane loans
2012-02-06 16:13:05
The National Development and Reform Commission (NDRC), China's top economic planner, over the last weekend approved Air China Limited and China Southern Airlines Co's application to buy airplanes on international commercial loans, the Beijing Times reported Monday.
CNPC operates 16m cubic metre fuel storage
2012-02-06 13:50:04
Refined oil products storage operated by China National Petroleum Corp surpassed 16 million cubic metres at the end of last year and service stations increased to 19,000, China Petroleum Daily reported, citing a PetroChina Co executive.
Local firms vie for Yum's slice of China market
2012-02-06 11:14:15
The US giant is facing a plethora of Chinese and Asian eatery chains that are steadily munching away at its market share.
Hongqi to reclaim role as official ride?
2012-02-06 10:03:44
New Hongqi sedans made by FAW Group are likely to be used as standard ministerial-level officials cars as part of government demonstration efforts, according to recent Chinese-language media reports.
Infiniti: China sales increase 60 percent
2012-02-06 10:01:55
Despite massive earthquake and tsunami in Japan last March that interrupted production for months, Japanese carmaker Nissan Motor's luxury unit Infiniti reported a 60 percent rise in 2011 China sales.
Vanke Jan home sales tumble 40%
2012-02-06 09:51:04
China Vanke Co, the country's largest property developer by market value, saw home sales slump 39.3 percent year-on-year to 12.2 billion yuan ($1.96 billion) in January.
VW forms new investment company
2012-02-06 09:53:44
German automaker Volkswagen is preparing to expand financial services in China to tap new business opportunities in after-sales services, car rentals and electric vehicles.
SAIC revives Shanghai brand
2012-02-06 09:49:39
With production suspended for two decades, the once-famous Shanghai brand car is expected to be revived by SAIC Motor Corp headquartered in the eastern metropolis of China.