China Economic ReviewChina's October trade surplus rose to a record US$12 billion, with exports rising 29.7% year-on-year to US$68.1 billion and imports gaining 23.4% to US$56.08 billion. Electronics shipments led the surge. The country''s trade surplus for the first 10 months of the year was US$80.4 billion, compared with US$11.1 billion a year earlier. China's exports in […]
China Aviation Industry Corporation 1 (AVIC-1) signed a US$500-million deal to build wing boxes for Airbus, the European aircraft maker, in an extension of a co-operation agreement signed earlier this year to start A320 wing assembly in China.
In a clear signal that it is pursuing China's huge search market, Alibaba, which operates Yahoo's China site, unveiled a revamped Yahoo site that focuses on searching. "Yahoo today is not a portal. Yahoo today is a search engine," said Jack Ma, CEO of Alibaba.com. Ma said at a press conference that he is prepared […]
President Hu Jintao and British Prime Minister Tony Blair in London witnessed the signing of commercial aviation contracts worth US$800 million between Air China and Rolls-Royce. Under the agreement, Rolls-Royce will supply the Chinese carrier with Trent 700 engines for a fleet of 20 Airbus A330-200 widebody jets.
China's major state-owned enterprises increased sales and profits during the first nine months as regulators moved to prevent the further losses of public assets, state media reported. The 169 state-owned enterprises under the supervision of China's assets watchdog reported sales of US$592 million in the period, up 23.4% year-on-year and profits rose 22.4% to US$57.3 […]