The Chinese government will offer greater cash rewards to people reporting online smut after handing out 224,000 yuan ($32,810) as of late last week, state media said on Monday.
Baidu, Inc., the operator of the top search engine in China, said today that its chief technology officer Yinan Li resigned today from the company for personal reasons. No replacement was named.
Developed countries may slip back into recession if they exit strategies taken to battle the global financial crisis too early, the head of the International Monetary Fund warned on Monday.
Ford Motor Co and Mazda Motor Corp said on Monday they had no plans to dissolve their car making joint venture in China, which overtook the United States as the world's largest auto market in 2009.
Motorola Inc is planning to launch five to six smartphones in China this year with one model ready to be unveiled shortly, officials of the U.S. mobile phone maker said on Monday.
China XD Electric Co , the nation's largest electricity transmission and distribution equipment maker, plans to raise as much as 10.27 billion yuan ($1.5 billion) in the country's first major initial public offering this year.
Toyota Motor Corp plans to increase global production of gas-electric hybrid cars to 1 million units in 2011, twice the volume of last year, as it tries to keep its leading position in the growing low-emission car market, the Nikkei business reported on Monday.
Citic Securities Co , China's biggest listed brokerage, said its wholly-owned fund unit China Asset Management Co had been punished by regulators for failing to comply with stake ownership rules.
Google Inc enters a second week of high stakes brinkmanship with China's government, amid speculation the firm has decided to pull out of the world's biggest Internet market over cyber-spying concerns.
Michael Widenius, the creator of the MySQL database, said he is turning his vocal campaign against Oracle's planned takeover of Sun Microsystems to China and Russia because the European Commission appears set to clear the deal.
Major powers will only achieve results in their meetings on Iran if they adopt a realistic approach and recognize its nuclear rights, the Islamic Republic's Foreign Ministry spokesman said on Sunday.
In 2010, iron ore prices in India are set to soar by around 15-20%. This is apart from the rise Indian witnessed in Dec 2009 when the iron ore prices jumped by around 30 per cent. While the prices of iron ore with more than 64% ferrous content have already gone up from around $59-61 per tonne to $117 (free on board) per tonne, prices are expected to climb further by 15-20% in 2010.
Barring sugar, all other agri commodities have turned bearish since the beginning of the new year, providing much needed relief to consumers and policy makers. Prices of agricultural commodities have declined by up to 11 per cent since January 1 which analysts attribute to a downward turn in the global markets. Also, fresh arrivals, including pulses, have provided relief to the government.
Following the arrest of 21 diamond traders from India, mainly from Surat, the Gems & Jewellery Export Promotion Council (GJEPC) is mulling to pull out of the diamond cutting and polishing business in China. China had nabbed 21 Indian diamond merchants for alleged smuggling of diamonds from Hong Kong to China. External affairs ministry officials said the ministry will help the traders legally.
Mazda Motor Corp and Ford Motor Co will dissolve their joint venture in China by 2012, a move that would further weaken the tie between the two automakers, Japan's Nikkei business daily reported on Sunday.
Yahoo got pulled into a growing row between China and Google on Saturday, as its Chinese partner slammed Yahoo's statements supporting Google while a source revealed the search giant had stayed silent about cyber-attacks.
China's largest e-commerce firm Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google reckless.
China's largest e-commerce group Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google reckless.
Yahoo Inc knew it had been a target to sophisticated Chinese cyber attacks on U.S. corporations before Google alerted the company to them, a source familiar with the matter said, but chose to remain silent after its bigger rival went public.
Yahoo Inc was among the companies targeted by recent Chinese cyber attacks and had conversations with Google Inc about the attacks prior to Google's announcement this week, according to a person familiar with the matter.
China sought on Friday to play down a threat by Google Inc to quit the country on hacking and censorship concerns, but the United States said it will formally express concern over the cyber attacks the Internet search giant said originated in China.
Juniper Networks Inc said on Friday it was one of the victims of a cyber attack in China first brought to light by Google Inc, which has threatened to quit the country.
