China renews top-100 companies list in IT industry
2011-06-03 12:23:19
The Ministry of Industry and Information Technology on Thursday issued a top-100 list of Chinese electronics and information technology companies, with Huawei, a telecom solutions provider, continuing to stay at the first place.
Harbin Electric to buy 4 gas turbines from GE
2011-06-03 12:18:08
Harbin Electric Co Ltd will buy four gas turbines from General Electric, including two that incorporate new efficient technology, for use in providing heat to northern China, the two companies said on Friday.
Chinese tablet PCs peel away at Apple
2011-06-03 11:08:56
Apple Inc may find it harder to retain market share in China's tablet PC market because homegrown brands have been trying to win over more customers, analysts say.
Mobile e-payment weakest link
2011-06-03 11:08:01
China's mobile Internet business is promising, but its underdeveloped payment system makes it hard for online retailers to make money, according to Zhang Xiaowei, who runs an e-commerce mobile Internet website in China.
Benchmark hits four-month low
2011-06-03 11:06:08
Stocks on the Chinese mainland fell on Thursday, driving the benchmark index to the lowest level in more than four months. The retreat came on concern that slowing economic growth and government tightening policies will hurt corporate earnings.
SOEs sign investment agreements with NE province
2011-06-03 10:38:51
State-owned enterprises (SOEs) supervised by the Chinese central government on Thursday signed nearly 60 investment agreements with northeast China's Heilongjiang Province, a move that is predicted to further boost the region's economy.
Starbucks buys back control of stores
2011-06-03 10:33:19
The US-based coffee retailing giant Starbucks Coffee Company announced on Thursday that it is to acquire full ownership of all its stores in China from joint venture partner, Maxim's Caterers Ltd.
East meets West in Tasly's TCM venture
2011-06-03 10:30:52
The traditional Chinese medicine (TCM) industry looks likely to gain an overseas presence by tapping into the US market.
Yuan at balanced level, drastic appreciation unnecessary
2011-06-03 10:27:00
The exchange rate of China's yuan is now at a balanced level that can reflect national economic power, and a drastic appreciation is not necessary, Wei Jianguo, secretary-general of the China Center for International Economic Exchanges, said Thursday.
Pressure taking toll on investors' health
2011-06-03 10:02:50
More than 60 percent of investors in the stock market in China say they regularly experience negative moods, according to a recent health survey.
UnionPay cards to be accepted by Brazilian bank
2011-06-03 10:01:41
China UnionPay, the country's largest bank card payment processor, said Thursday that its cards will now be accepted by automatic teller machines (ATMs) owned by Brazilian bank Itau Unibanco starting from June 2.
Chill wind blowing for turbine industry
2011-06-03 09:32:16
Wind turbine manufacturers are feeling the industry performance pinch for the first time after five years of good times in China, the world's fastest-growing wind power market, said industry experts.