Jiangxi Copper (600362.SH) said Wednesday its first-half net profit jumped 35.05% year-on-year to US$405.99 million (RMB2.779 billion) on US$3.92 billion (RMB26.831 billion) in revenue, up 55.05% year-on-year, the Securities Times reported. Growth came despite a period of halted production during the snowstorms at the beginning of the year. Earnings per shar...

China’s cartoon and animation industry will constitute 1% of its gross domestic product (GDP) within five to ten years, China Business News reported, citing a Morgan Stanley report. The investment and financial services provider said China has 300 million children under the age of 14 and that most of them are the only, and in many cases spoiled, child ...

A 60,000-square-meter production base for battery-powered vehicles became operational Tuesday in northern China’s Tianjin municipality, Xinhua reported. The newspaper did not say who owned the plant. The first 456 battery-powered trucks off the production line will be delivered to the US, and it is expected the plant will export 2,000 vehicles to the U...

The private sector in Jiangsu and Zhejiang provinces is taking on the big state-owned shipbuilding giants in Shanghai. The China Securities Journal takes a look at the main players

The central government plans to speed up the consolidation of state-owned enterprises (SOEs) following the Olympics to meet its goal of forming 80-100 super industry players within 15 months, China Business News reported, citing an article in Qiushi magazine by Li Rongrong, director of the State-owned Assets Administration and Supervision Commission. Li wrot...

Increased sales taxes on large cars from September 1 have caused a short-term spike in sales. But as the Securities Times reports, carmakers and industry experts don’t expect the move to dampen sales in the long-term either.

Earthquake-ravaged Sichuan province will need 37 million tons of steel, 370 million tons of cement and 2,100 trillion standard bricks over the coming three years for the rebuilding effort, China Business News reported, citing Zhang Yushan, deputy director of the provincial economic committee. Provincial vice governor Hang Yanrong said the local government wa...