Baosteel signs ferrochrome supply pact with India Farco
2011-02-18 15:36:59
Baosteel Group, China's second-largest steelmaker by output, said Friday it had signed an agreement with India's Ferro Alloys Corporation (Farco) to secure ferrochrome supply to support stainless steel production.
Sina Weibo valuation triples to $5.8b
2011-02-18 13:52:18
Ye Fangzhao, a 25-year-old freelance brochure editor for auto companies, abandoned his Twitter account a year ago to start using Sina Weibo, a Chinese equivalent. Now he's on the micro-blogging service 10 hours a day to connect with motoring experts and keep up with trends.
Lenovo sees 25 percent jump in profits
2011-02-18 13:41:24
Lenovo Group, China's largest computer maker by market share, has reported a 25 percent jump in net profit in the fiscal third quarter.
Wuhan Steel to invest $57m in CIMC
2011-02-18 13:25:10
Wuhan Iron & Steel Group agreed to invest C$56 million ($57 million) in a Canadian mining company Century Iron Mines Corp (CIMC) to acquire a stake and jointly develop iron ore projects, a top executive of CIMC said on Thursday.
Chinese firms hot on M&A opportunities
2011-02-18 10:17:19
More Chinese companies intend to seek growth opportunities in mergers and acquisitions in the next half year, according to a report from Ernst & Young.
Full steam ahead for shipbuilders' plans for market position
2011-02-17 13:43:03
China plans to maintain its current global market share of 40 percent in the shipbuilding industry during the next five years, further consolidating its dominant position in the field, said Zhang Guangqin, head of the China Association of the National Shipbuilding Industry.
China Telecom reveals bold broadband Internet agenda
2011-02-17 13:23:31
China Telecom is going to triple the user numbers of its new high-speed optical fiber broadband by the end of this year to 30 million and expects to expand that number to more than 100 million by the end of China's 12th Five-Year Plan (2011-2015), it said in a news release on Wednesday.
SMEs facing financial strains in Wenzhou
2011-02-17 10:13:46
Small- and medium-size enterprises (SMEs) in Wenzhou are faced with severe cash-flow problems as they find it hard to access bank loans or personal loans due to tight lending policies.
ZTE renews efforts to win US contracts
2011-02-17 10:05:19
ZTE Corp, China's second-biggest maker of phone-network equipment, will renew attempts to bid for contracts in the United States after it said opposition from the US government foiled the signing of a previous deal with Sprint Nextel Corp.
Sky is the limit for a strong Air China: Chairman
2011-02-16 14:12:06
Air China, the national flag carrier, has high hopes of becoming one of the world's top five airlines in the years to come, its chairman, Kong Dong, said during an interview with China Daily.
Trina Solar aims for global PV ranking
2011-02-16 11:14:57
"The United States' solar photovoltaic (PV) industry will undergo a period of rapid development in 2011 and the number of products our company supplies to the US market will be doubled," said Gao Jifan, chief executive officer of Trina Solar Ltd, a Chinese leading solar PV manufacturer.
Huawei refusal provokes headache for Obama
2011-02-16 11:06:46
China's Huawei has refused to back down after a US Congress panel voiced security concerns about the technology giant's acquisition of US computer technology and shunted the issue to US President Barack Obama, a report said on Tuesday.