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Former Lenovo Chairman Liu Chuanzhi was elected the company's parent Legend Holdings' new president to replace Zeng Maochao, according to a news briefing by Legend on Tuesday. Legend Holdings' new board of directors will consist of Liu Chuanzhi, Deng Maicun, Zeng Maochao, Lu Zhiqiang and Zhu Linan. The company also announced at the news briefing that...
Google's departing China head, Kai-Fu Lee, said yesterday that he plans to form an 800 million yuan fund to invest in hi-tech startups. Young Chinese entrepreneurs would be able to obtain "angel funding" to develop their ventures, said Lee, who announced his decision to exit the Internet search giant last Friday. WI Harper Group will be the lead invest...
The proposal by a United States workers union to ban Chinese-made tires has US President Barack Obama bouncing between two very precarious positions. The high-level tariffs, which would effectively impose a ban, will keep Chinese tire imports off US roads, strip 100,000 local laborers of their jobs and potentially spark a series of special taxes by other ...
Metallurgical Corp of China Ltd plans to sell as much as HK$19.6 billion ($2.5 billion) of stock in Hong Kong's biggest initial public offering in 18 months, said two people familiar with the matter. The sale of as many as 2.87 billion shares at HK$6.16 to HK$6.81 apiece will raise as much as HK$17.8 billion for the company and HK$1.78 billion for the Na...
China's economic aggregate ranked third in the world as of 2008, pulling it into the list of lower-middle-income countries from low-income ones, according to a Sept 7 report released by the National Bureau of Statistics (NBS). The report, featuring the nation's 60-year development since 1949 when new China was founded, also said China has gradually beco...
Robert B. Zoellick, the president of the World Bank, has spent half of his time during his latest trip to China in persuading local companies including the country's sovereign fund to invest in Africa. He said an asset management operation under the bank's private sector investment arm, the International Finance Corporation (IFC), would probably complet...
Chinese equities rose for a fifth day, slightly up 0.68 percent Monday. The benchmark Shanghai Composite Index rose 0.68 percent, or 19.51 points to finish at 2,881.12. The Shenzhen Component Index rose one percent, or 115.77 points, to end at 11,635.45. Combined turnover shrank to 166.997 billion yuan ($24.45 billion) from 213.54 billion yuan on the ...
China has begun work on building a large amphibious aircraft for fire fighting and rescue missions, an official from Aviation Industry Corporation of China (AVIC) confirmed Monday. When completed, it will be the first aircraft of their type manufactured in China. The start of research work was announced Saturday at AVIC's China Special Aircraft Institu...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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