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Wal-Mart China exec Shawn Gray resigns

2011-06-20 13:26:33

Wal-Mart Stores Inc (WMT) said its vice president of operations in China left the company, becoming at least the third executive from that nation to depart in the past month.

Developers seek profits below the surface

2011-06-20 11:04:20

With the volume of home sales continuing to fall amid strict measures aimed at tightening the property market and lowering house prices, some real estate companies are trying to dig their way out of the uncertainty by getting into mining.

Overseas Chinese talents find home with domestic companies

2011-06-20 10:58:32

Fifty-year-old Shanghai native Yang Liyou had been doing research on solar cells in the United States for many years, but when he came back to Zhejiang Province, he became a "shipmaster."

Movie trailers become stars in their own right

2011-06-20 10:01:29

The booming film market in China, besides generating box office receipts, is creating many commercial opportunities for businesses such as those that make trailers.

Film industry faces challenges in storytelling

2011-06-20 09:47:05

The prosperity of China's film industry became apparent last year, but insiders believe the sector still faces challenges stemming from a lack of production talents and substandard narratives.

Comac opens Europe office

2011-06-20 09:06:06

Commercial Aircraft Corporation of China Ltd (Comac) on Sunday set up its European office in Paris, the second overseas branch after its US office, marking a new step for China's aviation industry in opening-up and international exchanges.

Foxconn steps up investment in Henan

2011-06-18 14:54:58

Foxconn, one of the world's largest electronics manufacturers, plans to increase its investment in central China's Henan province after moving factories to Henan and southwest China's Sichuan province last year.

Harbin Electric Co plunges 51 percent

2011-06-18 10:44:28

Shares in Harbin Electric Co Ltd collapsed on Thursday, as a report from a short-seller led investors to bail out of the US-listed Chinese maker of electric motors rather than wait and see if a proposed takeover bid would come to fruition.

COVEC stops Polish highway construction

2011-06-18 09:46:43

China Overseas Engineering Group (COVEC) is withdrawing from a $447 million highway construction project in Poland after incurring heavy losses.

Sinopec plans new refinery complex

2011-06-18 09:43:54

China Petroleum & Chemical Corp, the country's biggest refiner by capacity, is planning to build a refining complex with an annual processing capacity of 32 million tons in China's eastern Jiangsu province.

Huntsman business a political issue

2011-06-17 14:19:49

Huntsman Corp's expansion in the world's second-largest economy offers a target for rivals when US unemployment is shaping the 2012 presidential race.

Mulberry eyes US, China as business booms

2011-06-17 13:30:04

British luxury fashion brand Mulberry said it expects overseas sales to overtake those in its home market in two years, as it beat forecasts with a more than fourfold increase in profit.