Chery Automobile Co Ltd said yesterday it was planning to cut its labor force in response to the slumping automotive industry.
The nation’s fourth biggest car maker became the latest car manufacturer to reduce jobs and suspend production after the world’s second largest auto market also fell victim to the global financial crisis that has caused [...]
China Petroleum & Chemical Corp, Asia’s biggest oil refiner, said yesterday that it had asked the government to exempt taxes levied on the imports of crude oil and fuel to help boost profits.
If the exemptions were approved by the government, the changes would be reflected in the next-quarter report, financial officer Dai Houliang said.
Tags: Fuel, [...]
Baoshan Iron & Steel Co said it may post a loss in the current quarter while profit in 2009 would be less than this year, amid falling steel prices and weaker demand.
The comments, made by chief financial officer Chen Ying yesterday, came after China’s top mill on late Wednesday reported a forecast-missing third-quarter net profit [...]
The toy exports in south China’s Guangdong Province, a global key toy making base, have shown signs of recovery and are expected to remain stable, according to the provincial customs.
“The toy industry still has its international market despite the adverse market environment,” said Li Zhuoming, head of Guangdong Toy Association.
“The exports will keep stable and [...]
Microsoft Corp, the world’s top manufacturer of software for personal and business computing, plans to invest more on R&D strength in China despite the weary economic situation worldwide, sources reported, citing Zhang Yaqin, Microsoft’s corporate vice president and chairman of Microsoft China, as saying.
Microsoft also mulls outsourcing more business to China though the company will [...]
Intel Corp, the world’s leading chip maker, said it would jointly establish a Moblin support center with the Taiwan government, an open source toolkit and software stack for developers targeting Intel’s Atom processors, said Paul Otellini, CEO of Intel on Thursday.
The center will work on application software which needs to deliver Internet experience on the [...]
