Volvo expects China's building to rev profit
2011-06-10 14:16:28
The Swedish construction equipment maker Volvo Group expects China to be among its top three revenue contributors in the coming three to five years.
Maersk expanding fleet amid tough economic waves
2011-06-10 14:16:06
AP Moeller-Maersk A/S may be the only shipping line to profit from growing trade between Asia and Europe even as rates reach a two-year low.
Electric vehicle batteries 'must improve'
2011-06-10 11:09:52
China's new-energy vehicle production capacity is expected to hit around 300,000 units by 2012.
China allocates 5b yuan to improve school building safety
2011-06-10 11:08:35
The Chinese government has allocated 5 billion yuan ($770 million) in a special fund to improve the safety of primary and junior high school buildings, the Ministry of Finance said Thursday.
Schneider buys clean tech company for $650m
2011-06-10 10:54:59
Schneider Electric SA has agreed to pay $650 million for Leader & Harvest Technologies Holdings Ltd.
China opens first non-stop flights to Georgia
2011-06-10 10:54:01
China Southern Airlines on Thursday launched new non-stop flights between the far west city of Urumqi and Tbilisi, capital of Georgia, opening up more convenient options for travelers between the two countries.
GE, Harbin Electric sign deal
2011-06-10 10:44:31
Harbin Electric Co Ltd will purchase four of GE's gas turbines with FlexEfficiency technology, to be used in district heating applications.
Harbin Pharmaceutical blasted for pollution scandal
2011-06-10 10:44:05
Harbin Pharmaceutical Group, a major pharmaceutical company in northeast Heilongjiang Province, drew criticism after news broke detailing pollution problems at one of its factories.
China forms association of Internet music operators
2011-06-10 10:41:58
China's first association of Internet music operators and Internet music content providers, the Internet Music Industry Development Consortium, has been formed in Beijing, according to a statement issued by Ministry of Culture on Thursday.
CBRC to revise capital adequacy rules
2011-06-10 10:38:55
The China Banking Regulatory Commission (CBRC) on Thursday said it is drafting new regulations concerning capital adequacy ratio (CAR) amid tight capital reserve among banks.
Solar power to become cheaper
2011-06-10 10:29:37
The price of solar power in China is expected to drop by 20 percent in the next five years as the country prepares to start large-scale application of the green energy source after 2015.
China to pass Japan as top luxury market
2011-06-10 10:20:13
China is expected to replace Japan as the world's top consumer of luxury goods by 2012 due to its growing demand and the declining consumption in Japan, the World Luxury Association (WLA) said Thursday.