4G network is another step closer to reality
2011-03-29 10:45:54
China Mobile Communications Co said on Monday that the country's top telecom regulator has approved five telecommunication equipment makers to begin construction of the fourth-generation (4G) network.
CCB profit growth to continue rising
2011-03-29 10:43:20
China Construction Bank Corp (CCB) will continue to increase profits at a rate of more than 20 percent year-on-year, despite tightening macroeconomic polices and a rising awareness of risk control, said Chen Zuofu, vice-president of the bank, on Monday.
Private jet sales taking off
2011-03-29 10:42:09
With its steaming economy and surging ranks of billionaires, China has become the fastest-growing market for Airbus' private jet business, with at least 25 corporate jets to be sold in the next five years.
Industrial Bank profits rise 39% in 2010
2011-03-29 10:19:02
Industrial Bank Co, a mid-sized lender in China, reported on Monday that its net profits rose 39.44 percent to 18.52 billion yuan ($2.81 billion) in 2010 due to solid demand for consumer and corporate loans.
Sinopec aims to increase output
2011-03-29 10:13:23
China Petroleum & Chemical Corp (Sinopec), Asia's biggest oil refiner by capacity, aims to produce 45.59 million tons of crude oil in 2011. Sinopec's profit rose 12.8 percent year-on-year to 70.7 billion yuan ($10.77 billion) in 2010.
Large industrial firms' profits up
2011-03-29 09:53:07
The profit growth of China's large industrial companies registered a year-on-year 34 percent increase in the first two months of this year, according to data released by the NBS on Sunday. The rate was significantly lower than the 119.7 percent year-on-year growth achieved in the first two months of 2010.
Gome posts strong result, expansion aims
2011-03-29 09:34:28
Gome Electrical Appliances Holding Ltd, China's biggest electronics retailer by revenue, said on Monday that its net profit in 2010 rose 39 percent from a year earlier to 1.96 billion yuan ($299 million) and announced a new expansion strategy.
Lenovo to unveil a new LePad this year
2011-03-29 09:26:03
The Chinese computer maker Lenovo Group said on Monday that it plans to launch two or three new tablet computers later this year, accelerating its pace to catch up with Apple Inc's latest iPad 2.
China's banking system outlook stable
2011-03-29 09:10:07
Moody's Investors Service said Monday the outlook for China's banking system is stable over the next 12 to 18 months, and the country's banks have adequate cushions against rising non-performing loans (NPLs).
Dangdang eyes small cities and diversification
2011-03-28 16:48:06
E-Commerce firm China Dangdang Inc, the Chinese version of Amazon.com, will step up effort to penetrate China's second and third-tier cities, its founder and chairperson said on Monday.
China's chain stores sales up 21.2% in 2010
2011-03-28 16:40:32
China's top one-hundred chain store operators saw sales volume hit 1.66 trillion yuan ($253 billion) in 2010, up 21.2 percent year on year, said a report on Monday.
'Transformer' shows up at auto fair
2011-03-28 16:36:48
More than 40 auto dealers attended Yangzhou Spring Auto Fair and over 300 models were displayed during the event, which was held in the city stadium of Yangzhou, Jiangsu province from March 26 to 28, 2011.