Geely head has major investment in lithium

2011-06-20 17:04:03

In a move insiders see as groundwork for new energy vehicles and batteries, the chairman and largest shareholder of automaker Geely has personally invested in the Australian lithium compound company Galaxy Resources.

Falling sales: A convergence of challenges

2011-06-20 16:59:05

While May's 1.4 percent drop in light vehicle sales - the first fall in 27 months - might look discouraging, the market is not overly pessimistic as it sees the rationale behind the decline.

Steel prices drop on low demand

2011-06-20 17:04:34

China's steel prices declined nationwide last week, reported Monday, citing Xiben New Line Stock Co Ltd, a domestic steel spot trading platform.

Power shortage hits offices, malls in Shanghai

2011-06-20 13:30:55

Shopping malls and office buildings in Shanghai are being urged to close on extremely hot days this summer to save power for residents' use in the midst of a shortage of supply, according to a recent notice issued by the Shanghai Municipal Electric Power Company.

Cyber wars between stores are heating up

2011-06-20 11:16:21

According to a report issued by Nuremberg-headquartered German research firm GFK Group, China's online shopping market reached revenues of 498 billion yuan ($76.88 billion) in 2010, rising by 96 percent over the previous year. Online household appliance sales experienced even faster growth, up by 200 percent to about 80 billion yuan.

Advertising experiences a boom

2011-06-20 11:01:18

Group-purchasing websites have the most potential for advertisers, who are witnessing a boom for their industry on the Internet thanks to the increasing number of netizens and the development of online companies in China, according to a new report.

Booming time for auto after-sales market

2011-06-20 10:36:45

The growing number of car owners in China is proving to be a big attraction to the after-sales market in the almost two years since sales boomed.

Cities rein in home prices

2011-06-20 10:54:56

More Chinese cities have seen month-on-month declines in the prices of both new and secondhand homes, according to the National Bureau of Statistics.

3G drives up phone contracts

2011-06-20 09:59:09

The fast growth in China's third-generation (3G) cell phone network usage is driving up customer numbers at China Telecom Corp Ltd. It aims to achieve 200 million mobile subscribers by the end of 2014.

Movie trailers become stars in their own right

2011-06-20 10:01:29

The booming film market in China, besides generating box office receipts, is creating many commercial opportunities for businesses such as those that make trailers.

Men's magazines make their mark

2011-06-20 10:04:56

With a generous investment of tens of millions of yuan and "an elite editing team" of more than 40 people, mostly borrowed from the corresponding women's publication department, France's Hachette launched its first fashion magazine for men, Elle Men, in China.

Lenovo seeks to become the Apple of world's eye

2011-06-20 09:20:19

According to the company's fiscal year 2010 report, Lenovo's global market share reached a record 10.2 percent, closing the ground on third place Acer's 11 percent. The company's year-on-year growth in sales exceeded that of all the four major vendors.