China urges carriers' to merge cargo business
2010-05-25 14:19:51
China is pushing the country's three major airlines to merge their cargo operations in a bid to claw back business in a market dominated by foreign carriers, the South China Morning Post reported on Tuesday, citing sources.
China's copper demand may expand 12%, Wanxiang says
2010-05-25 14:02:52
Copper demand in China, the world's largest user of the metal used in pipes and wires, may gain as much as 12 percent this year and prices won't fall much further, according to Wanxiang Resources Co's chief analyst.
Shandong Ruyi looks to sew up deal for stake in Japanese clothing maker
2010-05-25 11:11:08
The share price of Shandong Jining Ruyi Woolen Textile Co Ltd, the listed arm of Chinese textile manufacturer Shandong Ruyi Group, surged 7.42 percent on Monday after media reported that it expects to pay about $45 million for roughly a 40 percent stake in Japanese clothing maker Renown Inc.
China resources profit rises ninefold as retail demand gains
2010-05-24 15:03:53
China Resources Enterprise Ltd, the Chinese partner of SABMiller Plc, said first-quarter profit increased almost ninefold as its retail business improved and it made money selling some units.
China textile firm to buy into Japan's Renown
2010-05-24 14:03:36
China textile group Shandong Ruyi will take a roughly 40 percent stake in Japanese apparel maker Renown Inc, the Nikkei newspaper reported, adding to a growing list of investments by Chinese firms in Japan.
VIVE range aspires to the sweet smell of success
2010-05-24 13:18:38
The VIVE range of goods for women, from perfumes to scarves, will be launched in early July by Shanghai Jahwa, a State-owned manufacturer of personal care products for the mass market.
China Eastern to begin seeking investors this year
2010-05-22 14:10:13
China Eastern Airlines, one of China's three major carriers, hopes to start the work of introducing strategic investors within this year, China Business News reported Friday, citing the carrier's chairman, Liu Shaoyong.
China's Cosco says will not halt Greek investment
2010-05-22 10:33:33
China's Cosco said it would go ahead with investments in Greece's largest port Piraeus despite the crisis that has hit the Greek economy and sent shockwaves throughout the euro zone.
Chinatex now No 3 in soybean oil production
2010-05-21 17:31:35
Chinatex Corp, a large textile manufacturer, became the third-largest soybean oil producer in China after taking over nine soybean crushers and obtaining two other companies’ crushing capabilities through rent and entrustment, China Business News reported Friday.
China's Benxi Steel agrees to acquire Beitai
2010-05-20 15:38:57
China's Benxi Iron & Steel Group has agreed to acquire Beitai Steel, in a move that could make it No 3 among the country's steelmakers after a planned merger with the Anben Steel Group, the China Business News reported.
NVC Lighting opens at IPO price on HK debut
2010-05-20 11:49:39
Shares of NVC Lighting opened at HK$2.1 (26.9 US cents) on Thursday on its debut at the Hong Kong stock exchange, the same as its price of the initial public offering.
Foton plans India vehicle plant in 2011
2010-05-20 11:38:46
Major Chinese truck maker Beiqi Foton Motor Co, a Daimler AG partner, is considering building a manufacturing plant in India, making 100,000 vehicles annually, three sources familiar with the situation said on Wednesday.