Biggest iron-ore ships can enter 3 Chinese ports

2011-06-23 16:40:33

The biggest iron-ore carriers ever built will be able to enter three Chinese ports, according to Vale SA (VALE3), the world's largest producer of the raw material used to make steel and owner of the vessels.

Airbus' battle to rule the airways

2011-06-23 15:02:22

Airbus has steadily ramped up its fleet in China with its market share increasing from 7 percent in 1995 to 45 percent by the end of April. Its US rival, The Boeing Company, which had a 13-year head start in the country, still holds the rest of the market.

High-speed technology eyes US patents

2011-06-23 15:01:54

CSR Corporation Limited, one of China's two manufacturers of high-speed trains, is mulling over whether to apply for patents for its CRH380A train in the United States, a senior company technician said.

Problems for phase two of Kyoto Protocol

2011-06-23 14:50:38

China's top climate change official, Xie Zhenhua, said on Wednesday that climate talks should stick to the dual-track approach in Durban, South Africa, at the end of this year.

D&O premiums skyrocket after US lawsuits

2011-06-23 13:40:55

The price of directors and officers liability insurance (D&O) in China has gone up more than 20 percent this year, after a series of class-action lawsuits against US-listed Chinese companies pushed up risk-insurance premiums.

ICBC plans bond sale to raise capital

2011-06-23 11:17:22

Industrial and Commercial Bank of China Ltd plans to sell 38 billion yuan ($5.9 billion) of subordinated bonds as soon as next week, according to a person familiar with the matter.

Baosteel may buy stake in a mill in Malaysia

2011-06-23 11:06:27

Baosteel Group Corp, China's second-biggest steelmaker, is in talks to buy a stake in a steel unit of Malaysia's Lion Group for about $1 billion, said two people with knowledge of the matter.

Bayer plans to double China sales

2011-06-23 11:02:57

The German pharmaceutical and chemical producer Bayer AG has unveiled plans to double its sales in the Chinese market to 6 billion euros ($8.64 billion) by 2015, a top executive told China Daily on Wednesday in Shanghai.

Major steel producers continue to cut prices

2011-06-23 11:14:17

China's major steelmakers continued to cut July delivery prices on Wednesday. Companies began lower prices on June 17, in expectation of slowing market demand.

Stocks continue to regain ground

2011-06-23 10:42:00

Stocks on the Chinese mainland rose for a second day, capping the Shanghai Composite Index's longest winning streak in two weeks, on speculation this month's declines have been excessive given the outlook for economic growth.

Foreign banks 'confident' about Chinese market

2011-06-23 10:41:33

Despite increasing funding constraints, foreign banks operating in China are still "surprisingly confident" about their prospects in the Chinese market. That's according to a report released by PricewaterhouseCoopers (PwC) International Ltd.

Hanergy to gamble $15b on solar power niche

2011-06-23 10:42:37

For any company, pouring 100 billion yuan ($15.47 billion) into a fledging industry could be risky, according to Li Hejun, president of Hanergy Holding Group Ltd, a private Chinese power generator that is betting on a niche technology in solar cells.