China's State Food and Drug Administration will hold an experts certification meeting at 2 pm on Monday, to test the reliability of its A/H1N1 vaccine, according to a news report from China Central Television on Monday morning. The vaccine has already finished clinical trials, and the test result will be released at 5 pm. If approved, the vaccine will be...
Construction of a large solar power project with an investment of $450 million was launched Saturday in Wuhan, capital of Hubei province in Central China. The 500-mW project is a joint venture of Greenway Solar-Tech (China) Co Ltd and Evergreen Solar Inc of the United States, according to Ding Kongxian, chief executive officer of Greenway Solar-Tech. Th...
Leading economists have urged the United States to use concrete measures instead of empty words to ward off possible losses in China's holdings of US treasury bonds, which have already surpassed $800 billion. The call comes amid widespread concern that US countermeasures to battle the financial crisis are creating another credit bubble and failing to reg...
Two leading automakers in China and the United States yesterday announced a multibillion-yuan deal to manufacture commercial vehicles. FAW Group Corp and US-based General Motors (GM) have teamed up to establish FAW-GM Light Duty Commercial Vehicle Co Ltd. The 50-50 venture is the first between the leading automakers and the first major international inv...
Less than a year after being in the eye of an economic storm, China's manufacturing heartland might at last be showing some signs of recovery. Guangdong province - labeled one of the key "workshops of the world" - was on the firing line at the end of 2008 when North American and European consumers stopped buying their goods. Exports collapsed by 18.6 p...
Chinese equities plunged 6.74 percent Monday, driven by lower coal miners and oil refinery shares. The benchmark Shanghai Composite Index fell 6.74 percent, or 192.94 points to finish at 2,667.75. The Shenzhen Component Index declined 7.55 percent, or 864.99 points, to end at 10,585.09. Combined turnover shrank to 196 billion yuan ($28.7 billion) from 2...
China's equities dropped nearly 3 percent Friday on weak heavyweights, ending the week lower to conclude a fourth weekly decline. The benchmark Shanghai Composite Index fell 2.91 percent, or 85.71 points to finish at 2,860.69. The Shenzhen Component Index lost 3.76 percent, or 447.66 points, to end at 11,450.08. Combined turnover shrank to 207.38 bil...
TMD Friction Group, the world's leading manufacturer of brake friction materials, has streamlined its joint ventures in China in an effort to consolidate and strengthen its leading position in this emerging market. Derek Whitworth, CEO and president of Germany-based TMD Friction, told chinadaily.com.cn the company is going to take "bolder steps" in China...
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