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Rio Tinto has decided to adopt a monthly iron ore pricing mechanism, shifting from previous quarterly pricing, Reuters reported Wednesday.
Airbus has steadily ramped up its fleet in China with its market share increasing from 7 percent in 1995 to 45 percent by the end of April. Its US rival, The Boeing Company, which had a 13-year head start in the country, still holds the rest of the market.
CSR Corporation Limited, one of China's two manufacturers of high-speed trains, is mulling over whether to apply for patents for its CRH380A train in the United States, a senior company technician said.
Airbus would be happy to expand its cooperation with the Chinese aviation industry after 26 years of success, says the president of Airbus China.
China's major steelmakers continued to cut July delivery prices on Wednesday. Companies began lower prices on June 17, in expectation of slowing market demand.
Baosteel Group Corp, China's second-biggest steelmaker, is in talks to buy a stake in a steel unit of Malaysia's Lion Group for about $1 billion, said two people with knowledge of the matter.
The German pharmaceutical and chemical producer Bayer AG has unveiled plans to double its sales in the Chinese market to 6 billion euros ($8.64 billion) by 2015, a top executive told China Daily on Wednesday in Shanghai.
Beijing-based Aviation Industry Corporation of China (AVIC) International, which has specialized in aviation trade and international market development for more than 30 years, announced on Tuesday its intention to reopen its East Coast office in 1 World Trade Center.
Hainan Airlines was named 2011 "Best Airline China" and "Staff Service Excellence China" in the annual Skytrax awards at the Paris Air Show Wednesday.
China Minsheng Bank and BMW signs Strtegic Cooperation Agreements on June 21, 2011.
The rash of accounting scandals that has hit US-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland's "So-Lo-Mo" and luxury e-commerce sectors.
Battered first by droughts and now floods, the livelihood of the people and industrial output have been greatly affected, but most listed companies said it has been business as usual for their operations despite the adverse weather conditions, the China Securities Journal reported Wednesday.
