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China's Sanmenxia Tianyuan Aluminium Co plans to double its production capacity of secondary aluminium next year to 100,000 tons, as the aluminium market recovers, a senior executive of the company said on Tuesday. "Although there is overcapacity for now, aluminium consumption will definitely increase every year," said Xiao Chongxin, deputy general manag...
Swiss drugmaker Novartis AG is investing $1 billion to build the largest pharmaceutical research plant in China, emphasizing the importance of developing markets for future growth. Novartis and other drugmakers are keen to tap into markets such as China as they face slowing growth and loss of exclusivity on key products, including the Swiss group's top-s...
The ChiNext Index, China's start-up board for small and medium-sized enterprises to raise capital, continued to fall on Tuesday. Five stocks out of 28 rose and the rest fell with 19 stocks down more than 5 percent and 4 stocks down by the daily limit of 10 percent. The board, based in Shenzhen and started operation on Oct 30, 2009, is tailored to the n...
China Guangdong Nuclear Power Group (CGN) announced Monday that it has signed contracts with 30 private enterprises to purchase 1 billion yuan ($146 million) worth of nuclear power equipments. This is the first time that CGN, the only nuclear power enterprise in China with 129.8-billion-yuan gross asset, purchased from domestic private sector, said Huang ...
China's industrial output growth would continue to accelerate in the fourth quarter, Minister of Industry and Information Technology Li Yizhong said in Beijing Monday. China's industrial production had "surmounted the most difficult time" and was expected to grow 15 to 16 percent year-on-year in the fourth quarter, and hopefully make a full year growth ...
China Merchants Securities Co will launch an initial public offering that could be worth 10 billion yuan ($1.5 billion) or more in Shanghai this week as regulators resume approvals for big IPOs. Merchants Securities' planned IPO, the second by a brokerage this year and potentially the biggest in over a month and a half, follows the successful launch of C...
China's economic growth would exceed 10 percent in the fourth quarter due to climbing export orders and increasing domestic consumption, according to a report issued by China Construction Bank (CCB) Tuesday. The report said China's full year economic growth would reach 8.3 percent, compared with Asian Bank's forecast of 8.2 percent in September and HSB...
HSBC has raised its forecast of China's GDP growth this year to 8.1 percent, said HSBC Group Chairman Stephen Green in Shanghai on Sunday. The bank's previous forecast was 7.8 percent. While attending the annual International Business Leaders' Advisory Council (IBLAC), Green said the world financial crisis has not derailed either of the two most note...
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