Air China Ltd., the most largest international airlines in China, wants to merge with other China National Aviation Companies, such as its competitor - China Southern Airlines Co. Ltd, Shanghai Airlines, Shenzhen Airlines, and Hainan Airlines.
President of Air China Cai Jianjiang said the merger will can help the reconstruction of the airline in a time [...]
Industrial and Commercial Bank of China continues to dominate the annuity market with a total of 1.82 million accounts and RMB 13.9 billion under management.
The figures are provided at the end of July this year with the bank offering annuity services to 1041 enterprises. According to Ministry of Labor and Social Security, at the end [...]
Dongfeng Motor Group posted its interim results yesterday with a net profit growth of 75.86%.
Net profit is RMB 2.091 billion for the period compared to RMB 1.189 billion for the same period last year. The net profit surge was partly due to a lower income tax expense for the period at RMB 64 million while [...]
China Metal International Holdings posted its interim results yesterday with net profit growth of 64.93%
Net profit for the six months ended Jun. 30, 2007 was US$15.465 million compared to US$9.377 million the period before. The period saw the company having stronger turnover of US$83.583 million, an increase of 50.88%. Earnings per share for the period [...]
Despite remarkable growth of China’s hi-tech exports, the Organization for Economic Cooperation and Development (OECD) urged China to boost innovation on August 27.
China has witnessed rapid growth in hi-tech exports in decades. From early 1990s to 2005, hi-tech products’ share in China’s total exports increased from 5% to over 30%.
Working together with Chinese Ministry of [...]
China Eastern Airlines released its interim results yesterday which showed substantial improvements but did not managed to earn positive profits for the six months ended 30 June 2007.
The loss for the period was RMB 383.95 million, substantially lower than the RMB 1,710.62 million losses incurred for the same period last year. Higher aircraft fuel expenses [...]
