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CNOOC plans oil spill fund

2011-09-05 14:43:42

China National Offshore Oil Corp (CNOOC) is to establish a compensation fund to pay for the damage caused by the huge oil spill in China's northeast Bohai Bay.

Dongfeng: Sales are steady, profits down

2011-09-05 14:09:40

Top four automaker Dongfeng Motor Corp reported stronger sales growth than the industry average in the first half, but a decline in net income due to a slowing economy.

Chery begins Venezuela assembly

2011-09-05 11:41:22

When production began at Chery Automobile's new Venezuela factory on Aug 29, it marked latest in a series of recent overseas moves by China's biggest car exporter.

VW set to recycle powertrains

2011-09-05 11:39:03

China's first passenger vehicle powertrain remanufacturing facility recently began operation in the northeastern city of Dalian at an engine plant jointly operated by Volkswagen Group and its local partner FAW Group.

Jala cosmetics go for bigger urban targets

2011-09-05 11:35:57

Jala Group Inc, the "invisible champion" of the cosmetics industry that for 10 years has quietly been gaining ground in smaller cities, has decided the time is right to go all out in China's major metropolises.

CNOOC says suspension to reduce production

2011-09-05 11:20:09

China National Offshore Oil Corp (CNOOC) said Sunday that suspension of entire production at the PL19-3 oil field will further reduce the company's net production by about 40,000 barrels per day.

Lenovo looks to the north

2011-09-05 09:48:39

The Chinese computer maker Lenovo Group said it plans to become the No 1 PC vendor in Russia in the next three years, as part of its efforts to expand in emerging markets overseas.

Russia looks to resources

2011-09-05 09:19:45

The Russian energy conglomerate En+ Group said it plans to expand its business with its Chinese partners through new projects in Eastern Siberia, and is hoping to become one of the biggest suppliers of energy to China. Chinese merchants rush into Russia

China unveils 2011 list of top 500 companies

2011-09-03 16:36:08

A list of this year's top 500 Chinese enterprises was unveiled in the city of Chengdu in southwest China's Sichuan Province on Saturday

Toyota on edge over possible car recalls

2011-09-03 09:54:00

Toyota Motor Corp, the second-largest Japanese automaker in China, may face declining sales in the country should government claims of faulty parts lead to recalls, Mizuno Credit Advisory said.

Chinese companies head for Amsterdam

2011-09-03 09:47:08

About 30 Chinese companies will open branches or European headquarters in the Netherlands in 2011, a growth of 20 percent year-on-year, said officials.

Conoco ordered to stop drilling

2011-09-03 09:41:57

ConocoPhillips China has been ordered to stop drilling in Bohai Bay, following an investigation that found it has not fully cleaned up or brought under control the offshore spills that have raised an outcry among fishermen and environmentalists