China's Ministry of Industry and Information Technology is currently drafting a guide to mergers and acquisitions in the iron and steel industry, and to curb overcapacity will disallow expansion projects in the steel industry for the next three years. Annual production capacity is currently 660 million tons, while...
By Sun Zhe South Korea's national drive to encourage its citizens to hop onto a bicycle instead of jumping into a car may be a blessing for the bicycle industry in China, an industry analyst said yesterday. Flying Pigeon, one of China鈥檚 most well-known bicycle brands, has been talking to sever...
The value-added industrial output of enterprises above the designated size in China climbed 10.8% year on year in July, 3.9 percentage points less than a year earlier, but 0.1 percentage points more than in June, according to statistics released by the National Bureau of Statistics on Monday. The value-added output of...
By Guo Lu With the Chinese real estate market recovering in the first half year, the glass industry – which supplies float glass for windows, doors and other household construction uses – is riding the wave. Li Bing, owner of a small float glass enterprise in Wuhan, said his business...
By Zhao Qian After some shipping companies reported they expect losses in the first half of 2009, some industry experts said yesterday that the worse is over. 鈥淭he losses were attributed to two reasons,鈥� Fan An, a manager from China Shipping Container Lines, told the Global Times yesterday. ...
Major industrial enterprises in 22 Chinese provinces across the country saw their profits reach RMB 894.14 billion in the first half of this year, down 21.2% year on year, according to statistics released by the National Bureau of Statistics. The decline rate was 11 percentage points less than the rate in the first...
China Sports Industry Group Co Ltd<600158>, the only listed subsidiary controlled by China's General Administration of Sport, plans to team up with a real estate developer based in Lvshun, Dalian, Liaoning Province to jointly acquire a 100% stake in a Dalian-based property firm, sources reported. The Shanghai-...
Shanghai Industrial Holdings Ltd<0363>, which is engaged in the real estate development, infrastructure, medicine and consumer products businesses, would sell its stakes in Bright Dairy & Food Co Ltd<600597> and Semiconductor Manufacturing International Corp for a total of HK$2.86 billion, Reuters...
China's software industry reaped RMB 427 billion in business revenue in the first half of this year, up 22.7% year on year, according to statistics released by the Ministry of Industry and Information Technology on Friday.However, the growth rate was 0.6 percentage points less than that in the first five months of this...
China's electronics industry realized investment of RMB 118.03 billion in the first five months of this year, up 16.5% year on year, said the Ministry of Industry and Information Technology in a statement. However, the growth was 2.7 percentage points less than in the same period of last year and six percentage points...