Major steel producers continue to cut prices
2011-06-23 11:14:17
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 may buy stake in a mill in Malaysia
2011-06-23 11:06:27
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.
Bayer plans to double China sales
2011-06-23 11:02:57
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.
Hanergy to gamble $15b on solar power niche
2011-06-23 10:42:37
For any company, pouring 100 billion yuan ($15.47 billion) into a fledging industry could be risky, according to Li Hejun, president of Hanergy Holding Group Ltd, a private Chinese power generator that is betting on a niche technology in solar cells.
Stocks continue to regain ground
2011-06-23 10:42:00
Stocks on the Chinese mainland rose for a second day, capping the Shanghai Composite Index's longest winning streak in two weeks, on speculation this month's declines have been excessive given the outlook for economic growth.
Foreign banks 'confident' about China
2011-06-23 10:41:33
Despite increasing funding constraints, foreign banks operating in China are still "surprisingly confident" about their prospects in the Chinese market.
China to build new hydroelectric power plants
2011-06-23 10:40:47
China will invest 400 billion yuan ($62 billion) in the construction of four hydroelectric dams, to help the government boost the share of non-fossil fuels in national energy consumption.
AVIC eyes iconic office space in Manhattan
2011-06-23 10:09:00
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.
China will increase US soybean imports
2011-06-23 10:06:37
China's soybean imports are expected to rise by 5 percent more than last year, increasing the attraction of the country to US soybean farmers, said Alan Kemper, president of the American Soybean Association.
175m yuan relief fund allocated to flood-hit regions
2011-06-23 09:44:51
The Ministry of Finance (MOF) and Ministry of Civil Affairs (MCA) on Wednesday allocated 175 million yuan to help victims of rain-triggered floods in Zhejiang, Anhui, Jiangxi and Sichuan provinces.
Fund for geological exploration hits $3b in China
2011-06-23 09:38:38
The fund aiming to help geologists survey minerals in China has reached 20 billion yuan ($3.09 billion) since its launch in 2006, the fund's manager said Wednesday.
Increasing pork prices breed hopes, worries
2011-06-23 09:30:12
Some experts expect pork prices will keep going up for the rest of the year. Good news for those who raise pigs, not for those who buy pork at the grocery store.