CITIC oil in 2010 Hong Kong-listed CITIC Resources Holdings said yesterday that it will start producing its first domestic crude in the second quarter of 2010 in the Bohai Sea off the coast of North China. The offshore Yuedong oil field would peak at around 36,000 barrels per day (bpd) in 2014, ...

Taiwan tourism boost Tourists from the Chinese mainland poured $764 million into Taiwan's economy last year, as ties rapidly improve between the mainland and the island, the Taiwan-based China Times reported Saturday. Some 370,000 mainland tourists visited Taiwan since July 2008, and each tour...

Pioneer Corp, one of Japan's largest manufacturers of consumer- and business-use electronics products, is teaming up with Suning Appliance Co Ltd<002024> to expand its energy-efficient television business in China, Shanghai Daily reported. The firm has inked an exclusive distribution deal with Suning...

The U.S. government said on Tuesday in a statement that China has agreed to allow qualified foreign institutional investors to run the stock index futures business in China, sources reported. The statement was released upon the closing of the Sino-U.S. Strategy and Economic Dialogue. China's QFII program,...

U.S.-based auto giant General Motors Corp dose not expect its North America recall plan to impact its business in China, the world's largest auto market, the company said yesterday, Reuters reported. "I can tell you in a responsible way there's no impact on the Chinese market," Chen Shi, vice president of...

China Telecom<0728><CHA>, the nation's largest fixed-line operator, is likely to hold another round of negotiations on the acquisition of the Hong Kong CDMA business of PCCW Ltd<0008>, the Standard reported. PCCW, the biggest telecom carrier in Hong Kong, owns full network coverage of the CDMA...

Bayer MaterialScience AG, a business unit under German industrial giant Bayer Group, said on Thursday it has combined its four units under Bayer MaterialScience (China) Co, to offer improved services and prepare for bigger growth in the Chinese market, the Shanghai Daily reported.After the consolidation, the...

Chia Tai Enterprises International Ltd<0121>, which is mainly engaged in the operation of supermarkets, named CP Lotus, on Wednesday, announced that it has secured nearly RMB 1.7 billion worth of loans in a bid to further expand its retail business in China. A total of 40 Lotus Supercenters will be opened in the...

China will encourage private enterprises to play a bigger role in the publishing business, according to guidelines to be released by the industry watchdog. Private enterprises will be allowed to publish books on science and technology, finance and economy, supplementary materials to textbooks, mu...

U.S.-based financial holding company JPMorgan Chase & Co said on Monday that it has hired Shao Zili, Asia managing partner of international law firm Linklaters, to take charge of its business in China, the Financial Times reported.Shao, one of the leading corporate lawyers in Asia, will take office as chairman...