CHINA

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McDonald's sales beat expectations

McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.

China starts building first 10-GW mega wind farm

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China started construction of the country's first 10-gigawa wind power base in Jiuquan of northwest Gansu province on Saturday as Beijing seeks more clean power to fuel its fast economic growth.

China to unveil plan for new energy by year-end

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Coal-dependent China will unveil a plan to foster the development of new energy sources, including wind, solar and nuclear, by the end of this year, state media on Monday quoted a senior energy policy official as saying.
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G.I. Joe movie leads worldwide invasion

A new action movie based on the G.I. Joe line of toy soldiers crushed enemy forces at the worldwide box office during the weekend, ending the three-week reign of the sixth Harry Potter fantasy.
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China secrets agency says Rio spied for 6 years

China's state secrets watchdog has accused mining multinational Rio Tinto of engaging in commercial spying over six years, saying data on Rio computers showed the espionage came at a huge loss to China.
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Clinton presses Angola to fight corruption

U.S. Secretary of State Hillary Clinton pressed Angola on Sunday to do more to fight corruption during a two-day visit to the oil-producing country aimed at bolstering ties between the two nations.
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China secrets watchdog says Rio spied for six years

A journal issued by China's state secrets watchdog has accused the mining multinational Rio Tinto of commercial spying over six years, saying data found on Rio computers showed the espionage had come at a huge cost to China.
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China Mobile Shanghai listing seen in 2010

China Mobile is reviving efforts to seek a listing in Shanghai after years of unsuccessful attempts, analysts and bankers said, sending the index heavyweight up as much as 4.3 percent intraday Friday.
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BHP cancels president in China

BHP Billiton, the world's largest mining company, canceled plans to install a new president for the company's operations in China, the Beijing-based Beijing Times reported on Friday, the same day that the State Administration for Industry and Commerce (SAIC) announced heavy regulation over resident representative offices of foreign firms.
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China's auto sales keep world No.1 in July

China's auto sales surpassed the United States' again in July, jumping 63.57% over a year earlier to 1.09 million units, the China Association of Automobile Manufacturers (CAAM) said on Friday.
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China probes Internet bootcamp after teen dies

Chinese police are investigating a bootcamp for Internet addicts after a teenage boy died, apparently following a severe beating, just hours after checking in, the official Xinhua news agency said late on Wednesday.
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Baidu beats Yahoo as world's No. 2 search engine

The Nasdaq-listed Chinese search engine Baidu Inc has topped Yahoo! to become the world's second most popular search engine in June, the US marketing research company ComScore released in its report this week.
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China's stock exchange to allow foreign firms' listing in yuan

China's main stock exchange plans to launch an international board next year that would allow foreign companies to sell shares denominated in Chinese currency for the first time, a strong move to promote yuan as a more global currency, local news said.
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China pours $90 b stimulus funds into green efforts

China will spend more than 15% ($88 billion) of the country's 4-trillion-yuan ($586 billion) stimulus package on cutting carbon emissions by the end of 2010, China's chief climate change negotiator said on Wednesday.
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Mid-day Minute - August 6 Tech

Twitter Inc., the fast-growing microblogging service, was inaccessible Thursday morning, struck by a denial-of-service attack, the company said on its status blog. Meanwhile, Facebook's site has been sluggish and unresponsive on Thursday.
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Apple's iPhone 3G & 3GS land in China (Photos)

Senior officials from Apple Inc had begun negotiations with China Unicom in Beijing, a source close to both sides told Netease on Monday night, noting that the iPhone 3G and iPhone 3GS will be introduced to China at the same time.
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China leads in global green jobs race

China is winning a global race to create green collar jobs, six months after countries worldwide launched $500 billion spending plans to drive a low-carbon economy.
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Clinton visit unlikely to change North Korea

The United States is playing down talk of a breakthrough with Pyongyang after former U.S. President Bill Clinton flew to North Korea this week to win the release of two jailed American journalists.
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China Metallurgical eyes $4 billion dual IPO: source

China Metallurgical Group plans to seek dual listings in Hong Kong and Shanghai as early as September to raise up to $4 billion, said sources with direct knowledge of the deal, which could be the world's second-largest fundraising this year.
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GCL-Poly Energy to invest $200 mln in solar wafer plant

Hong Kong's power plant operator GCL-Poly Energy Holdings will invest about $200 million to build a solar wafer plant in the Chinese city of Xuzhou, banking on a recovery in polysilicon prices and robust demand from China.

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