Flying head first into the future

2011-08-11 11:40:03

Although Boeing's airplanes account for about 60 percent of the aircraft operated in the country, its market share has dropped about 10 percent compared with that of 15 years ago.

Australian banks advance to Central, Western regions

2011-08-11 11:38:30

Australian banks are set to ride the urbanization boom of China's inland cities to offset the overall low-key presence in the world's fastest-growing economy.

GM to adapt China vans for India

2011-08-11 11:01:47

General Motors Co (GM) will sell Chinese-designed minivans under its Chevrolet brand in India starting next year as the automaker expands in Asia's second-fastest growing major economy.

Founder surges on its Shanghai trading debut

2011-08-11 10:46:42

Shares of Founder Securities Co Ltd surged by more than half on its Shanghai debut on Wednesday, aided by a shift in stock market sentiment after a massive sell-off that investors think was overdone.

Guangfa Bank needs 'good window' for $5.5b IPO

2011-08-11 13:52:26

China's Guangfa Bank is waiting for a "good window" to launch its 35 billion yuan ($5.5 billion) dual-listing in Hong Kong and Shanghai. 

Banks and commodity producers help stocks to advance

2011-08-11 10:25:29

Stocks on the Chinese mainland rebounded from a more than one-year low on speculation the government may delay interest-rate increases after Premier Wen Jiabao urged global cooperation to stabilize financial markets.

Soybean imports set to maintain increase

2011-08-11 09:56:48

China will maintain an upward trend in soybean imports with the rise being driven by the widening profit margins of soybean oil crushers and the recovery of the hog production industry.

Media Markt plans larger network

2011-08-11 10:06:55

The electronics retailer Media Markt, owned by the German group Media Saturn Holding, plans to have six or seven stores by year-end, all in Shanghai, a senior company official said.

Shenhua Group in $8b Xinjiang coal projects

2011-08-11 09:59:10

Shenhua Group Corp Ltd will invest 52 billion yuan ($8 billion) in coal-to-oil conversion projects in the Xinjiang Uygur autonomous region, a company official said.

Yuan rises to 17-year high against the greenback

2011-08-11 09:43:49

The exchange rate of the yuan against the dollar rose to a 17-year high after the US Federal Reserve Board announced it will maintain interest rates at a record low and amid a global stock market rebound.

Car rentals hit top gear as road to growth beckons

2011-08-11 09:26:10

By 2015, China's car rental market is expected to hit 400,000 vehicles and produce $2.8 billion in annual revenue, according to the China Taxicab and Livery Association. Consulting firm Roland Berger put that estimate at $5.9 billion.

Surplus rises on surprise export surge

2011-08-11 09:06:54

China's trade surplus for July hit $31.5 billion, the highest in two and a half years, thanks to higher-than-expected export growth, especially to the European Union.