Business China

Airlines plan to cut flights

SHANGHAI: Major Chinese airlines are moving fast to tackle the mounting pressure from escalating fuel prices and shrinking market demand.

Ailing chipmaker in discussions for partnership

Semiconductor Manufacturing International Corp CEO Richard Chang said China's biggest chipmaker is talking to as many as four investors about a partnership.

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Business China

Chang'an Motor lines up plan for Iran

Chang'an Motor Corp, partner of Ford Motor Co in China, has said it will start to build its own-brand cars in Iran in the first half of next year as its latest major push into the overseas market.

China Southern enters cargo JV

ISTANBUL: China Southern Airlines and Air France-KLM Group yesterday signed a framework agreement to establish a cargo joint venture by the end of this year.

BBVA to double stakes in CITIC

Banco Bilbao Vizcaya Argentaria SA, Spain's second-biggest bank, will double its stakes in units of China's State-owned CITIC Group for 800 million euros to increase revenue from the fastest growing major economy.

Huaneng's Li steps down

Li Xiaopeng has resigned as chairman of China Huaneng Group, the country's largest power generation company.

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Business China

Retailers go green, bag makers red

Retailers in China are now fighting a battle for the "green" high ground in a bid to turn fashion-conscious customers into eco-aware shoppers, as plastic bags face the ban.