Air China profit slumps 77% on higher fuel costs

2012-08-30 14:02:49

Air China Ltd said first-half profit slumped 77 percent due to slowing travel demand, higher fuel costs, and a loss from its stake in Cathay Pacific Airways Ltd.

BMW's China partner H1 profit rises 42%

2012-08-30 11:29:59

BMW's Chinese partner reported first-half profit that beat analysts' estimates, as it expanded dealerships to cater to demand for luxury vehicles that outpaced industry growth.

Healthcare expenditure booms in China: report

2012-08-29 16:59:42

China's is expected to spend $1 trillion on healthcare in 2020, up from $357 last year, according to McKinsey & Company Inc.

Lack of confidence in global economic outlook

2012-08-29 16:37:22

Leaders from international corporations and US small-business owners expressed a lack of confidence in the near-term global economic outlook.

S China city to ban begging in public

2012-08-29 14:41:35

Beggars would not be allowed to loiter in public places in Foshan, in South China, according to a new rule aimed at improving the look of the city, Yangtze Evening News reported Tuesday.

Ministry defends gender ratio for studies

2012-08-29 14:08:46

The Ministry of Education replied that it's "based on consideration for national interests" for some colleges to adjust the sex ratio in some majors.

Mobile Internet industry to boom in Shanghai

2012-08-28 17:25:17

Shanghai mobile Internet industry's sales revenue is expected to exceed 80 billion yuan ($12.6 billion) and will employ more than 60,000 people by 2015.

Famous soccer commentator found dead

2012-08-28 10:57:27

Tao Wei, China Central Television's famous soccer commentator, has been found dead in a hotel room, Beijing News reports.

Young soccer players train in Spain

2012-08-27 17:18:15

Wanda Group announced on Monday that 30 male soccer players aged around 13 will set out for Spain, to complete a three-year training course at three of the best clubs in the Spain Primera Division, Valencia CF, Atletico Madrid and Villarreal CF.

China to invest in TV digitalization in Africa

2012-08-27 15:47:38

The China Africa Development Fund and China Development Bank have promised to invest heavily into the digitalization of TV in African countries.

China to invest in TV digitalization in Africa

2012-08-27 15:47:38

The China Africa Development Fund and China Development Bank have promised to invest heavily into the digitalization of TV in African countries.

Rusal seeks Chinese partners for JV

2012-08-27 15:39:11

United Company Rusal, Russia's biggest aluminum producer, is seeking Chinese partners to set up joint venture factories in Russia's Siberia region.