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Bombardier plans growth

2011-08-31 09:27:09

The suspension of new high-speed rail (HSR) projects in China has sent the Canadian train maker Bombardier Inc in search of new growth drivers in the country.

Company says 99% of oil spill cleared

2011-08-31 09:17:01

US oil company ConocoPhillips said on Monday it had cleaned up 99 percent of the mineral oil-based drilling mud near Platform C at Penglai 19-3 oil field, as a deadline is approaching.

McDonald's seeking a new menu for mainland success

2011-08-31 09:11:13

McDonald's Corp, the world's biggest fast-food chain, is tweaking its strategy in China to take account of changing industry conditions.

China airline apologizes for refusing to give way

2011-08-30 17:30:22

A privately-owned Chinese airline publicly apologized on Tuesday for its pilot's refusal to give way for the emergency landing of a Qatar Airways flight in Shanghai earlier this month.

Mengniu H1 net profit up 28%

2011-08-30 15:09:28

China Mengniu Dairy Co Ltd on Tuesday posted a 27.6 percent rise in first half profit on solid sales growth and pledged to ensure product quality, after a series of scandals tainted the industry's reputation.

New China-made smartphone unveiled

2011-08-30 11:35:36

A new smartphone made by a Chinese high-profile Internet startup has the potential to shake the world's largest mobile phone market driving prices down for high-performance handsets.

DreamWorks, Youku in 'Panda' deal

2011-08-30 11:23:43

DreamWorks Animation SKG Inc reached an agreement letting the Chinese Internet-video company Youku.com Inc distribute its two "Kung Fu Panda" movies, marking the first time the computer-animation studio's films will be available online in China.

Juneyao Airlines penalized for not giving way for emergency landing

2011-08-30 11:20:23

China's Juneyao Airlines was penalized after its flight crew refused to give way for the emergency landing of a Qatar Airlines flight in Shanghai in early August, China's civil aviation authorities said Monday.

ChemChina to promote R&D

2011-08-30 11:18:27

China's leading manufacturer of chemical products says it sees innovation and intellectual property rights as the force behind sustainable development and is working hard in that direction.

Bright Food focuses on Australia

2011-08-30 10:52:21

Bright Food Group Co will focus its international expansion in Australia, where China's second-largest food company is said to have spent about A$400 million this month to gain grocery brands.

Gome eyes 15% sales growth

2011-08-30 09:40:59

Gome Electrical Appliances Holding Ltd, China's second-largest electronics retailer by sales, is seeking to increase annual sales by 15 percent in the coming years, President Wang Junzhou said Monday.

GM slashes prices to maintain lead in Chinese market

2011-08-30 09:39:23

General Motors Co (GM) is sacrificing profit margins to maintain market share in China, cutting prices of low-cost minivans by as much as 15 percent to offset slowing sales in the world's largest vehicle market.