China Business News

Study: China, India's biofuel plans could cause water shortages

2007-10-12T01:03:00.000-07:00

The China Post - China's and India's plans to produce more biofuels could cause shortages of water, which is needed for crops to feed their growing populations, according to study results released Thursday. Full Story

United States seeks World Trade Organization probe of Chinese curbs

2007-10-12T01:02:00.000-07:00

The China Post - The United States will ask for a formal investigation of Chinese restrictions on the sale of American movies, music and books, which would be the fourth World Trade Organization case Washington has launched against Beijing in little over a year. Full Story

China censor's grip tightening on Internet

2007-10-11T02:53:00.000-07:00

The China Post - Internet censors in China are becoming more systematic and sophisticated in how they monitor the Web and eradicate content deemed sensitive, according to a Chinese technician working for an Internet firm. Full Story

Google rules Net search world: study

2007-10-11T02:52:00.002-07:00

The China Post - Google is king of Internet search worldwide but rivals in China and South Korea have become powerhouses in their respective countries, a comScore study revealed Tuesday. Full Story

China has 106 billionaires compared to 15 last year: report

2007-10-11T02:52:00.001-07:00

The China Post - China now has 106 billionaires, seven times as many as last year, according to a list published Wednesday that underlined the rapidly growing economic muscle of the Asian giant. Full Story

China No. 2 in billionaires as assets boom: researcher

2007-10-11T02:51:00.000-07:00

The China Post - China has more billionaires than any country except the United States, as soaring stock and property prices helped to boost wealth among the country's super-rich, researcher Rupert Hoogewerf said Wednesday. Full Story

Starbucks won't halt products made in China after recall

2007-10-11T02:50:00.000-07:00

The China Post - Starbucks Corp., the world's largest coffee-shop chain, won't stop sourcing products from China after recalling children's cups with animal faces, some of which broke and caused choking. Full Story

Bureaucratic red tape thrives in India's boom

2007-10-11T02:49:00.002-07:00

The China Post - When Ashok Kheny decided in 1995, after 15 years in the United States, to return to India and take up a US$700 million project to build a road and new townships, he dreamed of creating something unique. Full Story

China majors come home to tap markets

2007-10-11T02:49:00.001-07:00

The China Post - A massive two-year boom in China's stock market has the country's blue-chip companies swooping home to cash in on a nation gripped by investment fever. Full Story

Child shareholders of China bank draw concern

2007-10-11T02:48:00.000-07:00

The China Post - A Chinese bank has confirmed it had dozens of shareholders below the age of 18, including a 10-year-old, drawing questions and criticism from financial experts and Internet users, Chinese media reported Wednesday. Full Story

Hong Kong aims to become hub for Islamic finance

2007-10-11T02:47:00.000-07:00

The China Post - Hong Kong's chief executive said Wednesday the city would look to emulate Malaysia and Singapore as a center for Islamic finance, in an effort to grab a slice of the thriving market. Full Story

European Union backs China plan in bid to avoid new 'Bra Wars'

2007-10-11T02:46:00.000-07:00

The China Post - Looking to avoid a repeat of the "Bra Wars" debacle of 2005, the European Union on Tuesday backed a deal with China for tight checks on textiles imports when the bloc's quotas expire on Jan. 1. Full Story

European urges flexibility from China over exchange rates

2007-10-11T02:44:00.000-07:00

The China Post - China came under European pressure on Tuesday to allow its currency to trade more freely on foreign exchange markets amid growing concerns that the Asian giant is destablizing the global economy. Full Story

Rare blue diamond smashes auction record

2007-10-11T02:42:00.001-07:00

The China Post - A rare, flawless blue diamond has been snapped up at a Sotheby's sale here for US$7.98 million, making it the most expensive gemstone in the world per carat ever bought at auction. Full Story

Buffett cuts PetroChina stake for 6th time

2007-10-11T02:41:00.000-07:00

The China Post - Warren Buffett's Berkshire Hathaway Inc. sold HK$2.8 billion (US$364 million) of PetroChina Co. shares, the biggest reduction in his stake since the U.S. billionaire first invested in China's largest oil producer. Full Story

Asia-Pacific on track to meet MDGs

2007-10-09T00:49:00.000-07:00

The China Post - The Asia-Pacific region is on track to achieve the Millennium Development Goals (MDGs), which include reducing poverty into half by 2015, according to a progress report released by the Asian Development Bank (ADB) and the United Nations on Monday. Full Story

Forbes says 26-year-old woman China's new richest person

2007-10-09T00:47:00.000-07:00

The China Post - A 26-year-old woman worth US$16.2 billion (euro11.5 billion) is mainland China's richest person, the business magazine Forbes said Monday, topping a list of tycoons whose wealth has soared amid a boom in stock and property prices. Full Story

China closes coal plants to cut pollution, meets targets

2007-10-09T00:46:00.000-07:00

The China Post - China closed 9,030 megawatts of small coal-fired power plants in the first nine months, meeting 90 percent of an annual target to eliminate inefficient, polluting energy facilities. Full Story

China may send team to Manila over food scandal

2007-10-09T00:45:00.000-07:00

The China Post - China may send a team of food-safety experts abroad for the first time after Filipino children fell ill from eating Chinese-made milk candies, state media said Monday. Full Story

China offers surprise hope in climate change fight

2007-10-08T02:15:00.000-07:00

The China Post - Teenager Zhu Xiaotong's home a few hours' drive outside Beijing is a world away from the acrid air and snarling traffic jams that have come to dominate China's energy hungry capital. Full Story

Chadians dream of better life — in China

2007-10-08T02:14:00.000-07:00

The China Post - It was mid-morning in one of the poorest countries on earth, and the daily traffic of battered trucks, motorcycles and donkeys bounced along the lumpy sand streets of this hot desert town. Full Story

China's CNPC invests in oil refinery in Chad

2007-10-08T02:13:00.000-07:00

The China Post - China's largest oil producer, China National Petroleum Corp. (CNPC), has agreed to invest in a joint venture oil refinery near the capital of Chad, state media reported Saturday. Full Story

China Shenhua to start trading in Shanghai

2007-10-08T02:12:00.000-07:00

The China Post - China Shenhua Energy Co., the country's largest coal producer, will begin trading in Shanghai on Oct. 9, following the largest share sale worldwide this year. The Shanghai shares will have the ticker 601088. Full Story

China's oil imports up 18% in first 8 months

2007-10-08T02:08:00.000-07:00

The China Post - China's net oil imports to fuel its booming economy rose 18.1 percent in the first eight months of this year, a state news agency reported Sunday. Full Story

Investors snap up China Digital shares on de

2007-10-08T02:05:00.000-07:00

The China Post - China Digital TV Holding Co.'s shares spiked 75 percent in their first day of trading on Friday, as investors embraced the company's initial public offering on the promise of China's growing digital television market. Full Story

Tide turning in product safety: official

2007-10-08T02:04:00.000-07:00

The China Post - China's crackdown on unsafe goods and food was showing results and international opinion over the problem was shifting in the nation's favor, a senior official said, while noting that enforcement remained "uneven." Full Story

Chinese cotton farmers clash with police

2007-10-08T02:03:00.000-07:00

The China Post - Cotton farmers in China's far west clashed with police and paramilitary guards over alleged price-fixing by local authorities, injuring 40 people, witnesses and a Hong Kong media report said Friday. Full Story

Non-English Internet addresses expected to undergo live testing

2007-10-08T02:02:00.000-07:00

The China Post - Sample addresses in nearly a dozen languages will be added to the Internet's central directories as early as next week, paving the way for Web surfers around the world to get online without knowing any English. Full Story

China's Alibaba.com wins HK IPO approval

2007-10-08T02:01:00.001-07:00

The China Post - Alibaba.com, China's largest e-commerce company, has won approval from the Hong Kong Stock Exchange for a long-anticipated IPO expected to be worth roughly US$1 billion, sources familiar with the deal said. Full Story

ECB, Bank of England hold firm on interest rates

2007-10-05T00:25:00.000-07:00

The China Post- The European Central Bank held its benchmark interest rate steady at 4 percent on Thursday, despite calls by some politicians for a cut in the face of a rising euro that they fear will hurt Europe's economies. Full Story

Google says it's closing the gap with rival Baidu in China

2007-10-05T00:22:00.000-07:00

The China Post- Web search leader Google Inc. said Thursday it is closing the gap with rival Baidu in China, after years of trying to increase market share in the world's second-largest Internet arena. Full Story

China, United States launch first joint financial services firm

2007-10-04T00:44:00.002-07:00

The China Post - The first U.S. financial services company to be co-owned by a Chinese firm was hailed Tuesday as an example of how the two nations can cooperate in a global economy. Full Story

Synnex bets on China to drive sales growth

2007-10-04T00:44:00.001-07:00

The China Post - Taiwan's Synnex Technology, the world's No.3 electronics distributor, forecasts its annual sales will grow by a fifth in 2007 and 2008, a touch below market estimates, as it aims to sell more products in China's fast-growth market. Full Story

Hong Kong not keen to fund Disneyland expansion

2007-10-04T00:43:00.000-07:00

The China Post - Hong Kong Disneyland is unlikely to receive more money from the local government to fund new attractions because of disappointing attendance at the theme park since it opened two years ago, a local newspaper reported Wednesday. Full Story

Greenspan defends subprimes, sees early signs of easing

2007-10-02T23:55:00.000-07:00

The China Post - Former Federal Reserve chairman Alan Greenspan defended the U.S. subprime mortgage market Monday, arguing that the securitization of home loans for people with poor credit -- not the loans themselves -- were to blame for the current global credit crisis. Full Story

Shanghai equities market has all the characteristics of a bubble, ex-Fed says

2007-10-02T23:53:00.000-07:00

The China Post - The Shanghai stock market has all the hallmarks of a bubble, former U.S. Federal Reserve Chairman Alan Greenspan said Monday. Full Story

United States firm recalls Chinese-made toy rockets

2007-10-02T23:52:00.000-07:00

The China Post - Estes-Cox Corp, a Colorado-based importer of flying model rockets made in China, has recalled about 80,000 of its X-15 rocket because of a potential safety hazard, the U.S. Consumer Product Safety Commission said. Full Story

Shipment of frozen United States sardines fails China checks

2007-10-02T23:50:00.000-07:00

The China Post - China has found poisonous bacteria in a shipment of frozen sardines prepared in the U.S. and shipped by a Japanese trading company, state media said on Tuesday. Full Story

Morgan Stanley raises US$1.5 billion for Asia fund

2007-10-02T23:49:00.002-07:00

The China Post - Morgan Stanley, the second-largest securities firm, said it raised about US$1.5 billion for a dedicated Asia private equity fund. Full Story

China CLSA purchasing managers' index up to 55

2007-10-02T23:49:00.001-07:00

The China Post - China's manufacturing activity expanded at a faster pace in September, according to a survey by CLSA Asia Pacific Markets. Full Story

PRC uses leading exporters as models

2007-10-02T00:55:00.001-07:00

The China Post - First comes the "wind shower." Wearing overalls and rubber boots, employees at Fusheng Food Co. stand in a narrow room as air jets in the walls blow away any dust on them. They wade through ankle-deep disinfectant and don caps, gloves and surgical masks. Full Story

China's top panel urges quality efforts

2007-10-02T00:54:00.001-07:00

The China Post - Officials must try harder to resolve China's product safety problems, especially at lower levels that oversee manufacturing, the chief of a special panel says. Full Story

Asia could win next 'Space Race,' United States scientists fear

2007-10-01T01:54:00.001-07:00

The China Post - Fifty years after the launch of Sputnik left the United States scrambling to play catch-up in the first Space Race, U.S. scientists fear history may be repeating itself as Asia emerges as the rising force in space exploration. Full Story

Poor profits, globalization, insurgents play havoc with India's tea industry

2007-10-01T01:53:00.000-07:00

The China Post - He's a genteel man, with a sprawling plantation house, courtly manners and an estate of carefully trimmed tea bushes that stretches across the gentle hills of Assam, blanketing the land as far as you can see. Full Story

China unleashes cautious giant onto world's financial markets

2007-10-01T01:52:00.000-07:00

The China Post - There was no champagne, no music, and just a few young women in traditional dresses. The low-key ceremony that marked the launch of China Investment Corp. this weekend could reflect the cautious manner in which Beijing intends to unleash the largest fund in history onto the world's financial markets. Full Story

Central bank to push more corporate bonds

2007-10-01T01:51:00.002-07:00

The China Post - China will encourage publicly traded companies to issue bonds as a way of diversifying their corporate borrowings, the central bank said. Full Story

Push-up bra, certain underwear ads banned

2007-10-01T01:51:00.001-07:00

The China Post - China has banned TV and radio ads for push up bras and figure-enhancing underwear in the communist government's latest move to purge the nation's airwaves of what it calls social pollution. Full Story

French firm to pay US$44 million in patent case

2007-10-01T01:50:00.000-07:00

The China Post - An eastern China court has ordered a French electrical company to pay 330 million yuan (US$44 million) for infringing the copyright of a Chinese enterprise, a company official and state press said Sunday. Full Story

Shenzhen couple may get millions for demolished home

2007-10-01T01:49:00.000-07:00

The China Post - A Chinese couple may get up to 20 million yuan (US$2.7 million) in compensation from developers after agreeing to the demolition of their home in the southern boomtown of Shenzhen, Xinhua news agency said Sunday. Full Story

Ningbo Huaxiang eyes German acquisition

2007-10-01T01:48:00.002-07:00

The China Post - Ningbo Huaxiang Electronic Co., a small but fast-growing Chinese automobile parts maker, said Saturday it was in preliminary talks to buy a German auto parts maker for between 1 billion and 1.5 billion yuan. Full Story

Grenada to destroy fake toothpaste from China

2007-10-01T01:48:00.001-07:00

The China Post - Grenadian officials Friday said they will destroy thousands of tubes of counterfeit toothpaste they suspected may be toxic and other goods recently shipped from China. Full Story

ThyssenKrupp to double sales in China in 5 years

2007-10-01T01:47:00.000-07:00

The China Post - German industrial conglomerate ThyssenKrupp aims to double its China sales to 2 billion euros (US$2.85 billion) in the next five years, its chief executive said Sunday. Full Story

VW might produce new Golf model in China

2007-10-01T01:46:00.000-07:00

The China Post - Volkswagen might make China one of the production sites for its new Golf model due out next year, a leading manager at Europe's biggest carmaker was quoted as saying Saturday. Full Story

New Tokyo-Shanghai air route opens: officials

2007-10-01T01:45:00.000-07:00

The China Post - Japanese and Chinese airlines began services between Tokyo's Haneda and Shanghai's Hongqiao airports Saturday, airport officials said. The new services marked the 35th anniversary of the normalization of bilateral diplomatic relations. Full Story

Foreign debt rises 1.5% to US$327.8 billion

2007-10-01T01:43:00.000-07:00

The China Post - China's foreign debt rose 1.5 percent by June 30 from the end of 2006 to US$327.8 billion, the government said. Short-term debt climbed 0.7 percent to US$184.9 billion, the State Administration of Foreign Exchange said on its Web site Saturday. Full Story

BHP Billiton: China, India to boost commodity prices

2007-10-01T01:42:00.000-07:00

The China Post - BHP Billiton Ltd., the world's largest mining company, said economic growth in China and India will support demand for commodities, keeping prices high. Full Story

Bain Capital units to buy 3Com for US$2.2 billion

2007-10-01T01:41:00.001-07:00

The China Post - 3Com Corp., a maker of networking hardware and software, will be sold to affiliates of private equity firm Bain Capital Partners LLC for US$2.2 billion and taken private, 3Com said Friday. Full Story

Nations urge Myanmar to end crackdown

2007-10-01T01:40:00.001-07:00

The China Post - Myanmar's main political and economic allies, China and Japan, joined other nations around the world in urging the country to use peaceful means to restore stability. The United States called on "all civilized nations" to press Myanmar's leaders to end their crackdown on demonstrators. Full Story

Wayne Wang wins best film award at San Sebastian festival

2007-10-01T01:39:00.000-07:00

The China Post - Hong Kong director Wayne Wang won the best picture award at the 55th annual San Sebastian film festival in Spain on Saturday for his latest movie "A Thousand Years of Good Prayers". Full Story

Envoys hammer out details of North Korea's nuke disarmament

2007-10-01T01:38:00.001-07:00

The China Post - Talks on ending North Korea's nuclear ambitions shifted focus Saturday to U.S. energy aid for the impoverished state as delegates considered a text of a proposed joint statement hopefully to be released Sunday. Full Story

China launches US$200 bil. investment fund

2007-10-01T01:37:00.000-07:00

The China Post - China's government formally launched a company Saturday to invest US$200 billion (euro141 billion) from its vast foreign reserves, creating one of the world's richest investment funds at a time of rising scrutiny of such state-run entities. Full Story

China abandons search for bodies of 172 miners

2007-10-01T01:36:00.000-07:00

The China Post - Officials have abandoned efforts to retrieve the bodies of 172 coal miners from a flooded mine in eastern China, family members said Saturday, deepening their anger at what they see as callous treatment by the government and mining company. Full Story

China mortgage interest rates for loans hiked

2007-09-28T20:30:00.000-07:00

The China Post - China has raised mortgage interest rates and increased the down payment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices. Full Story

China to let Nasdaq open Beijing office

2007-09-28T00:34:00.000-07:00

The China Post - The U.S. stock market Nasdaq said Thursday it has received formal permission from the Chinese government to open a representative office in Beijing as more companies from China issue shares abroad. Full Story

China to launch US$1.3 trillion investment fund

2007-09-28T00:33:00.000-07:00

The China Post - A government fund that is to invest part of China's US$1.3 trillion in foreign reserves is due to be officially launched Saturday, according to news reports. Full Story

Asia rallies; Nikkei hits 6-week high

2007-09-28T00:32:00.000-07:00

The China Post - Asian markets rallied Thursday, helped by gains overnight on Wall Street, as Japanese shares rose to a six-week high and the markets in Hong Kong hitting a new record. Full Story

Modest economic slowdown in store for Asia

2007-09-27T01:22:00.000-07:00

The China Post - Against the backdrop of a slowing global economy, rising oil prices and prolonged turmoil in credit markets, the pace of economic growth in Asia is set to fall modestly this year and next, a Reuters quarterly poll shows. Full Story

United's nonstop bid to Shanghai hits turbulence

2007-09-27T01:21:00.000-07:00

The China Post - United Airlines' attempt to start a nonstop service from Los Angeles International Airport to Shanghai hit major turbulence Tuesday after the U.S. Department of Transportation said it would recommend other U.S.-China routes proposed by competing airlines. Full Story

Food exports plummet as safety tightens

2007-09-26T02:49:00.000-07:00

The China Post - Chinese exports of foods including garlic, honey and fish fell sharply this summer as Beijing officials tightened health and safety regulations. That has meant increased revenue for some American growers whose products are now in greater demand -- but also higher prices for U.S. consumers. Full Story

China Construction Bank jumps 33% on debut

2007-09-26T02:48:00.000-07:00

The China Post - China Construction Bank, which raised 57.12 billion yuan (US$7.6 billion) in its initial public offering, saw its shares jump 33 percent in their debut in Shanghai on Tuesday. Full Story

564 food makers lose licenses over safety

2007-09-26T02:47:00.002-07:00

The China Post - China's quality and safety watchdog canceled the licenses of 564 food makers, part of stepped-up efforts to crack down on unsafe food. Full Story

Four men jailed as the brains behind 'burning panda' virus

2007-09-26T02:47:00.001-07:00

The China Post - China has jailed four men for writing or profiting from a computer virus dubbed the "joss-stick burning panda" which infected over a million computers, media reported on Tuesday. Full Story

United States to WTO: PRC controls export prices

2007-09-26T02:46:00.001-07:00

The China Post - The United States has accused China of manipulating prices on the raw materials used to produce steel, chemicals, airplanes and automobiles, giving Chinese manufacturers a massive advantage over their American competitors. Full Story

WTO panel to investigate IP protection

2007-09-26T02:45:00.001-07:00

The China Post - The World Trade Organization (WTO) created a panel on Tuesday, at the request of the United States, to investigate China's protection of intellectual property such as films and software. Full Story

More gas firms allowed to tie up with foreign firms

2007-09-26T02:44:00.000-07:00

The China Post - More Chinese gas firms are now allowed to cooperate with foreign companies as Beijing seeks to boost clean energy use by encouraging funds and technology from abroad, state media said Tuesday. Full Story

9 of 10 Chinese are concerned about financing retirement: poll

2007-09-26T02:43:00.000-07:00

The China Post - Nine out of 10 Chinese are concerned about how to finance their retirement, state media said Tuesday, highlighting challenges facing a rapidly ageing society. Full Story

Markets mixed as Japan rises, Hong Kong drags

2007-09-26T02:42:00.000-07:00

The China Post - Asian markets were mixed Tuesday as stocks in Japan were led higher by metal and trading house shares, while Hong Kong's market fell after four straight record closes, hurt by a plunge in airline shares. Full Story

GM signs deal to export Buick Enclave SUVs to China

2007-09-26T02:41:00.000-07:00

The China Post - General Motors Corp. signed a deal worth more than US$800 million (euro567 million) to export Buick Enclave sport utility vehicles to China over a four-year period beginning in 2008. Full Story

Hong Kong tops Asian governance chart: report

2007-09-26T02:40:00.000-07:00

The China Post - Hong Kong has overtaken its regional rival Singapore as Asia's best center for company and corporate governance, a new survey released Tuesday said. Full Story

Cathay Pacific, Air China won't seek stake in China Eastern

2007-09-26T02:39:00.002-07:00

The China Post - Cathay Pacific Airways and Air China pulled out of a bidding battle to gain a big share of China's third biggest carrier China Eastern, and the shares of all three airlines have plummeted in early trade Tuesday. Full Story

Cisco, Haier to cooperate, share expertise

2007-09-26T02:39:00.001-07:00

The China Post - Cisco Systems Inc., the world's biggest network equipment maker, announced a deal Tuesday with China's largest appliance manufacturer to share expertise in constructing home network technology. Full Story

Following recalls, toy-testing firm works overtime to keep up

2007-09-26T02:37:00.000-07:00

The China Post - Gone is the 40-hour work week at Specialized Technology Resources Inc. Boxes of toys are piling up in the middle of its testing lab, workers are coming in on weekends, and product testers who normally would check tools or candles are working on chess sets and plastic cars. Full Story

Asian spacefarers race for the moon

2007-09-26T02:36:00.000-07:00

The China Post - Asian giants Japan, China and India are engaged in a race to map lunar resources and make the moon a platform to explore planets beyond, amid a renewed burst of global space activity. Full Story

Hong Kong and Chinese indexes hit record highs

2007-09-26T02:34:00.000-07:00

The China Post - Asian markets were mostly higher Monday, as high commodity prices helped boost Chinese stocks in Shanghai to new records. Hong Kong shares broke through to new levels as well, with anticipation of new funds from China continuing to drive prices higher. Full Story

JPMorgan places bets on Brazil, China, India; but not tech-heavy Taiwan

2007-09-26T02:33:00.002-07:00

The China Post - Emerging market stock investors are best off betting on Brazil, India, China and the Middle East, but should shy away from technology-heavy Taiwan, which may be hit by weak U.S. growth, a JPMorgan fund manager said. Full Story

China set to lift ban on Sino-foreign brokerages

2007-09-26T02:33:00.001-07:00

The China Post - Foreign investment banks will be able to establish joint ventures with securities firms in China by the end of the year, the Financial Times reported Monday. The policy follows China's promise at the last round of strategic economic talks with the U.S. in May to implement the change amid foreign frustration at being effectively shut out of China's booming stock markets. Full Story

Credit Suisse cuts PRC stock to underweight

2007-09-26T02:32:00.001-07:00

The China Post - Chinese stocks included in MSCI indices were cut to "underweight" at Credit Suisse Group after the country's banking regulator said it will limit the amount citizens can invest in Hong Kong shares. Full Story

China seizes Mattel apology to make case

2007-09-26T02:31:00.000-07:00

The China Post - China highlighted Mattel's apology over its recall of huge numbers of toys Monday to press Beijing's claim that its exports are generally safe and foreign politicians and media have unfairly hyped quality scares. Full Story

Forget 'dog years' and welcome to the age of 'China years'

2007-09-26T02:30:00.000-07:00

The China Post - In October 2001, George W. Bush stepped out of his limousine in Shanghai's Pudong district for the first time in 26 years and uttered a single word: "Wow." Full Story

Yip's Chemical says toy recalls may boost paint sales

2007-09-26T02:28:00.000-07:00

The China Post - Yip's Chemical Holdings Ltd., a maker of solvents, paint and ink, said sales of toy paint may rise as much as 30 percent after product-safety concerns force toymakers to seek raw materials deemed to be of higher quality. Full Story

State-run banks told to invest more on green projects

2007-09-26T02:27:00.000-07:00

The China Post - China's cash-rich state-run commercial banks should invest more in energy-saving and renewable projects, an academic and a government official said Sunday. Full Story

Ford starts production at China factory

2007-09-26T02:26:00.000-07:00

The China Post - Ford Motor Co. said its newest joint-venture factory in China began operations Monday and will produce small cars under the Ford and Mazda brands for the fast-growing Chinese market. Full Story

Dell to sell PCs with China's largest electronics retailer

2007-09-26T02:25:00.000-07:00

The China Post - Dell Inc. announced a deal Monday to launch a retail presence in China by selling computers through the country's biggest chain of electronics stores as it struggles to capture a bigger share of the booming market. Full Story

Cathay, Air China may team up

2007-09-26T02:24:00.002-07:00

The China Post - Trade in Air China's Hong Kong-listed shares was suspended Monday amid reports the Chinese flagship carrier and partner Cathay Pacific Airways plan to try to block a bid by Singapore Airlines to take a stake in China Eastern Airlines. Full Story

China could become top wind market in three years: Vestas

2007-09-26T02:24:00.001-07:00

The China Post - China could become the world's top wind power market in three to five years but will grow faster if it reforms its subsidy system, executives of major wind turbine maker Vestas said last week. Full Story

Forbidden City coffee shop replaces Starbucks

2007-09-26T02:23:00.000-07:00

The China Post - A coffee shop has opened at the heart of the Forbidden City, the former Chinese imperial palace, replacing a controversial Starbucks cafe that was forced out by public protest. Full Story

China smashes hotel's fake liquor racket

2007-09-26T02:22:00.000-07:00

The China Post - Quality supervisors raided a hotel in far west China and made the biggest-ever seizure of fake Maotai, the fiery national liquor favored by Communist Party leaders at state banquets. Full Story

Hopes fade for eighteen trapped miners in China

2007-09-26T02:21:00.000-07:00

The China Post - Rescuers held out little hope Monday for the survival of 18 trapped miners in a northern China mine, five days after the outbreak of a fire that has left three dead, an official said. Full Story

Brilliance China falls on earnings potential concerns

2007-09-26T02:20:00.000-07:00

The China Post - Brilliance China Automotive Holdings Ltd., the Chinese partner of Bayerische Motoren Werke AG, fell the most in more than a month in Hong Kong trading on concern that the company had risen above its earnings potential. Full Story

China Construction Bank IPO raises 57.1 billion yuan

2007-09-26T02:19:00.000-07:00

The China Post - China Construction Bank Corp. announced Monday it had raised 57.12 billion yuan (US$7.6 billion) from its initial public offering in Shanghai, the largest in mainland China. Full Story