The Beijing West Industries Group (BWI) of China announced Monday it has signed an asset sale and purchase agreement with Delphi Corporation for the purchase of the business units of Delphi Ride Dynamics and Brakes worth approximately $100 million. Under the agreement, BWI, which will acquire mac...
China South Air announced Oct. 27 that its January-to-September net profit soared 134.22 percent to 322 million yuan compared with the same period a year ago. "The company's return to profitability is mainly due to reviving the domestic airline industry, increasing business revenue as well as dec...
China International Futures Co Ltd, a leading broker on China futures market also known as CIFCO, is in talks with relevant government agencies and companies on setting up a futures trading center in the central business district in Beijing, said Jiang Xin, CEO of CIFCO, at a forum on Tuesday. The proposed...
Caijing general manager Wu Chuanhui resigned from her post September 25 and eight of her nine business directors have followed her and resigned as well, according to a report Monday from the South China Morning Post (SCMP). The resignations heighten speculation that the mainland鈥檚 most influent...
U.S.-based financial holding company JPMorgan Chase & Co retained its "neutral" rating for China Resources Land Ltd<1109> and cut the stock's target price from HK$21 to HK$20. JPMorgan Chase said in a statement that the property developer's net profit from core business surged 40% year on year to...
China is again becoming a popular destination for business deals. The world's top private equity firms, including The Carlyle Group, Bain Capital and TPG, have raced to sign deals with Chinese companies across the business spectrum, from telecom service providers to baby-formula makers. At the sa...
China Mobile Ltd<0941><CHL>, the country's largest telecom operator, will start selling its long-anticipated Ophone handsets in Shanghai during the National Day Holiday, the China Business News reported.The first Ophone model, Dopod A6188 produced by Taiwan's HTC Corp will be available from...
John Thomson Editor's Note: Chicago is one of the major manufacturing cities in the US, and does billions of dollars worth of business with China every year. Global Times (GT) reporter Chen Chenchen talked with John Thomson (Thomson), Chief Representative of the Chicago China Economic Developmen...
The Chinese aren't messing around with this one. On Friday, Obama slapped a 35 percent punitive tariff on Chinese tires. On Monday, a soon as the WTO was open for business, China filed a formal complaint against the United States of America with the World Trade Association in Geneva, China Daily reports.
By Zhang Lei China is launching a crackdown on the rampant smuggling of rare-earth minerals, key materials in electronic products and green technology, China Business News (CBN) reported yesterday. An anonymous government official from the Ministry of Industry and Information Technology told CBN...