China COSCO eyes turnaround options, stock down sharply
2013-01-29 10:45:18
The world's largest bulk shipper, China COSCO Holdings Co Ltd, faces the risk of delisting for its Shanghai shares if it fails to turn around in 2013, after having warned of a second straight year of losses.
China major target for M&A growth-market activity
2013-01-29 07:25:43
China became the prime investment destination among key growth markets in 2012, as the Chinese middle class rises and foreign investors get more familiar with mergers and acquisitions here, according to international law firm Freshfields Bruckhaus Deringer.
Huawei becomes world's 3rd-largest smartphone vendor
2013-01-29 10:23:32
Chinese telecom giant Huawei Technologies Co Ltd emerged as the world's third-largest smartphone vendor in the fourth quarter of 2012.
Sichuan Airlines to fly between Chengdu, Melbourne
2013-01-29 10:18:52
Sichuan Airlines will offer direct flights between the southwestern Chinese city of Chengdu and Melbourne of Australia starting from Feb 28.
CNOOC, Nexen extend closing date
2013-01-29 10:13:36
The deadline for the takeover of Nexen Inc by China's largest offshore oil producer has been extended by 30 days, it was announced on Monday.
Michelin opens $1.5b factory in Shenyang
2013-01-29 10:13:20
The French tire maker Michelin Group has invested nearly $1.5 billion, its largest single investment in China, to open its biggest factory in Shenyang.
Huaneng Power International expects profit surge in 2012
2013-01-28 16:52:16
Huaneng Power International Inc, the publicly traded unit of China's largest electricity producer, said on Jan 28 that it expects annual net profits in 2012 will increase by more than 340 percent from the 1.27 billion yuan ($202.2 million) in 2011 based on Chinese accounting standards.
Shanghai GM to lift 2013 sales target
2013-01-28 16:52:16
Shanghai General Motors Co Ltd is set to raise its 2013 sales target in the first quarter, China Business Times reported Sunday, citing internal sources.
Shantou Airlines bets on Yiwu
2013-01-28 16:08:42
Shantou Airlines Ltd, an affiliate of Guangzhou-based China Southern Airlines Co Ltd, has moved one-third of its transportation capacity to Yiwu, a county-level city in Zhejiang province.
Dongfeng and Volvo to set up joint venture
2013-01-28 15:11:29
Dongfeng Motor Group Co Ltd and AB Volvo signed an agreement in Beijing on Jan 26 to establish a joint venture.
Li-Ning to raise $241m via convertible securities
2013-01-28 15:01:16
Chinese sportswear giant Li-Ning Co Ltd plans to issue convertible securities to raise up to 1.87 billion Hong Kong dollars ($241 million) to optimize its branding and capital structure.
BAIC Group's own brand sales weak
2013-01-28 14:19:41
Local Chinese automaker BAIC Group published its 2012 sales figures on Jan 16, showing that the automaker's accumulative sales in 2012 amounted to 1.7 million units.