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BASF SE, the world's largest chemical company, kicked off the construction of a new chemical plant in North China's harbor municipality of Tianjin on Wednesday, said an official with the company.
The Civil Aviation Department (CAD) of the Hong Kong special administration region said Thursday it has given approval to three airlines to raise the upper limits of passenger fuel surcharges for the period from May 1 to May 31, 2011.
China's packaging industry had a booming year in 2010 with a gross industrial output of 1.2 trillion yuan ($183.9 billion), said a report released Thursday by the China Packaging Federation in Hangzhou, capital of east China's Zhejiang province.
Australia's Albidon Ltd expects that its reactivated Munali nickel mine in Zambia will produce 56,000 tons of nickel concentrate this year, which will be sold at prevailing spot prices to Chinese metals refiner Jinchuan Group.
China Vanke Co, the country's biggest developer by market value, posted a 7 percent increase in first-quarter profit as it sold more homes in smaller cities that were shielded from the effects of property curbs.
Hainan Airlines said on Wednesday that its net profits rose 8.24 percent over the previous year to 273 million yuan ($41.8 million) in the first quarter of this year.
Shares of Shanghai-listed Sany Heavy Industry Co Ltd dropped 4.3 percent on Wednesday after an anonymous source claimed the Changsha, Hunan province-based company used bribery to win orders and maintain its clients.
China's largest power producer, Huaneng Power International, posted on Wednesday a decline of 76.25 percent in net profit for the first three months this year on surging fuel costs.
A subsidiary of China CNR Corp said Wednesday it has signed a bogie sales contract worth 210 million yuan ($32.16 million) with Iran's Rahvar Kowsar Rail Transport Co.
Chinese State-owned enterprises that are under the central government, or central SOEs, posted a net profit increase of 22.4 percent for the first three months of this year.
Henan Shuanghui Investment & Development Co, the listed unit of meat processor Shuanghui Group, resumed trading and plunged by the 10 percent daily limit on Tuesday after a one-month suspension because of its tainted meat scandal.
The export prices of China-made electrical appliances will see an increase this year because of soaring raw material costs and strong renminbi, which may result in a decline in export volumes of those products.
