SOE profits show renewed growth
2010-01-19 07:54:33
China's State-owned enterprises (SOEs) are expected to have generated 750 billion yuan ($110.29 billion) in profits and achieved a sales revenue of 12 trillion yuan in 2009, despite the global economic recession.
Massive cement facility set to boost Beichuan reconstruction
2010-01-19 07:54:33
As demand for raw construction materials still continues to grow in the earthquake-battered Beichuan county, a new cement facility - the single largest industrial project to be undertaken in the area, is opened.
Copenhagen resolution spurs launch of first green industry fund
2010-01-19 07:54:33
In the wake of the climate conference in Copenhagen late last year, China's first environmental industry fund was launched on Dec 28 in Beijing. This is the first fund of its kind in China and is to come under the auspices of the China General Technology Investment Fund Management Corp.
XD Electric float hopes to generate 10.27b yuan
2010-01-19 07:53:57
China XD Electric Co, the country's largest maker of electricity transmission and distribution equipment, plans to raise as much as 10.27 billion yuan ($1.50 billion) in the first major initial public offering (IPO) this year.
Air China gets 1.5b yuan capital injection
2010-01-19 07:53:57
Air China Ltd, the nation's flag carrier, inched a step closer to its goal of finalizing an air cargo joint venture with Cathay Pacific Airways by the end of June after the government approved a 1.5 billion-yuan capital injection into the airline.
TCL starts to build $3.6b 8.5G LCD production line
2010-01-18 10:37:40
China's top appliance maker TCL Saturday started building a 8.5-generation LCD production line in the southern city of Shenzhen to meet the rising demand for flat-screen TVs.
Debating the morals of vice mayor's stock trading
2010-01-18 08:04:28
Li Jian says he is an average stock investor but the Chinese media call him a genius. His track record speaks for itself. In just 11 trading days last July the 40-year-old made 170,000 yuan ($25,000).
Baosteel says 2009 net profit falls 11%
2010-01-18 08:04:01
Baoshan Iron & Steel Co, China's largest steelmaker, said its 2009 net profit fell about 11 percent from a year earlier as turnover declined by more than a quarter.
Huaneng to build $703m power generators in Xinjiang
2010-01-16 17:05:46
China Huaneng Group, China's biggest power producer, will build two 600MW power units in the far western Xinjiang Uygur autonomous region, an executive at its Xinjiang subsidiary said Saturday.
Beijing Tongrentang Group net profit up 16% in '09
2010-01-15 13:57:44
Beijing Tongrentang Group Co, a major traditional Chinese medicine maker, announced Thursday its 2009 net profit rose 16 percent to 800 million yuan ($117 million) from a year earlier.
China's State Grids '09 profits down
2010-01-15 11:30:49
The State Grid Corporation of China, the nation's biggest power transmission and distribution company, reported falling profits last year.
China National Gold's gold reserve tops 1,200 tons
2010-01-14 17:25:17
China National Gold Group had more than 1,200 tons of gold as reserve as of Dec 31, 2009, and its asset injection into its listed arm, Zhongjin Gold Co, is expected to raise its annual profit by 200 million yuan, China Business News reported on Thursday.