Moutai raises a glass to exports
2010-08-02 10:44:56
Offering a toast to guests with good quality liquor is a way of showing respect the world over. In China, the drink of choice is traditionally Moutai, made from fermented sorghum and named after the town in Guizhou province.
Air China subsidiary to buy 10 Airbus planes for $814m
2010-07-31 09:29:35
Air China, the country's leading carrier, said late Friday that one of its subsidiary airlines would pay $814 million to buy 10 Airbus 320-series passenger planes.
China Resources Group eyes bio-medical sector
2010-07-30 17:18:58
The State-owned Assets Supervision and Administration Commission (SASAC) of Beijing and the China Resources Group in Hong Kong agreed Friday to cooperate in the bio-medical sector.
Steel firms may face losses in H2
2010-07-30 15:40:27
China Iron and Steel Association general secretary Shan Shanghua told industry delegates that a large number of steel firms were facing losses in the second half of the year.
Charles River scraps bid for China firm
2010-07-30 15:32:36
Charles River Laboratories International Inc withdrew a $1.6 billion bid for WuXi PharmaTech (Cayman) Inc, citing investor opposition to what would have been the largest foreign takeover of a China company.
Suning Appliance appoints new president
2010-07-30 14:52:42
Suning Appliance Co Ltd, China's biggest home appliance retailer by market value, appointed Jin Ming as new president and nominated former president Sun Weimin as vice-chairman.
Ansteel officially became parent of Pangang
2010-07-30 11:08:13
The restructuring ceremony of Anshan Iron and Steel Group and Pangang Group Company was held Thursday, making Ansteel the new official parent company of Pangang.
Carriers' profits set to soar
2010-07-30 10:03:08
Soaring demand and fewer discounts have secured the profits of the nation's major airlines in the first six months, with China's aviation industry expected to stay well in the black for the rest of the year, said analysts.
Shanghai Airlines to pull out of Star Alliance
2010-07-30 09:36:42
Shanghai Airlines Co Ltd said on Thursday it has agreed to terminate its Star Alliance membership by the end of October.
Chinalco inks African JV with Rio
2010-07-30 09:14:57
Aluminum Corp of China on Thursday signed a $1.35 billion agreement with global miner Rio Tinto to develop the Simandou iron ore project in the West African country of Guinea.
Hebei Steel still China's top mill in H1
2010-07-29 16:25:18
China's Hebei Iron & Steel Group remained the country's biggest steel producer in the first half of the year after raising crude steel output by 26 percent from a year earlier.
China Southern says H1 profit may rise 5000%
2010-07-29 15:29:30
China Southern Airlines Co, China's biggest airline by fleet size, rose to the highest level in more than two months in Shanghai after saying first-half profit may have risen 5,000 percent.