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BYD to miss sales target

Models dance beside a BYD car at the Nanjing International Auto Expo in June 2010. [China Daily] BYD Co , the Chinese automaker, cut its annual sales target for 2010 by 25 percent as growth slows in the world's biggest auto market. The company now expects to sell 600,000 vehicles ...

BYD hits snag for illegal land use

A BYD representative holds an award after his company was honored by the Xi'an High-tech Zone administrative committee for being among the city's top taxpayers in 2007. The once award-winning firm will be fined 2.95 million yuan for illegally using land in the city. [China Daily] ...

SAIC may get access to GM's UK market

The Chevrolet Volt, General Motor's plug-in hybrid electric vehicle, on display outside the China Pavilion at Expo 2010 Shanghai. The automaker is considering giving access to its UK distribution network to its Chinese partner SAIC Motor Corp. [China Daily via agencies] General ...

Snuffing out insider trading tops agenda

With Sunday marking the 20th anniversary of the Chinese mainland stock market, officials have announced plans to make eliminating insider trading a top priority, Shang Fulin, chairman of China Securities Regulatory Commission, said Friday speaking at the Caijing Annual Conference ...

SAIC aims to revive marque with MG 6

SAIC Motor Corp is on schedule to manufacture and sell its MG 6 sedan in Britain in the first quarter of next year, its president said yesterday, as it aims to revive the famed British marque. The leading Chinese auto maker became the owner of MG Rover's 10,000-unit Longbridge ...

Number of Chinese public offerings soars

Tang Shuangning (center), chairman of China Everbright Group Ltd, rings a gong to mark the bank's listing on the Shanghai Stock Exchange in Shanghai on Aug 18. The Chinese initial public offering market has become the biggest in the world. [China Daily] Initial public offering ...

China CNR to supply Shanghai subway cars

China CNR Corp, one of the two largest train manufacturers in the country, is expanding its business in the urban rail transit equipment sector, which is expected to generate 900 billion yuan by 2015 - benefiting from a speed-up in the development of urban rail transportation ...

Air China gains majority stake in Shenzhen Airlines

Air China will spend 682 million yuan (US$99.85 million) to gain control of Shenzhen Airlines as it bids to dominate the aviation market in south China. [CFP] After four months of negotiation, Air China has become the majority stakeholder in Shenzhen Airlines by purchasing ...

Luxury customers get picky

Models display luxury rings. [Global Times] When Chinese customers wander into the Burberry store in Shin Kong Place, a mall that targets affluent consumers, they all tend to ask the same question. "The first thing most consumers always say is, 'Show me the latest style,' rather ...

Designer labels bank on China

Advertising boards for luxury brands at a department store in Beijing. Bain & Co says China remains the fastest-growing luxury goods market in the world, with a sales volume of 68.4 billion yuan ($10.27 billion) this year. [China Daily] Dressed in an alluring black dress and ...

Price War in Online Bookstores Heats up

Dangdang.com, one of China's biggest online retailers, completed its IPO in the United States on December 8, 2010. [Photo: hexun.com] The price war in China's online book market has been heating up due to the intensifying conflict between 360buy.com and Dangdang.com, the Beijing ...

The lure of the silver screen looms ever larger

Audiences watch screens before choosing a film at Hengdian Movie Center, Henan province.[China Daily] Decorated with lanterns and colored ribbons, Shanghai's Xuyuan, or beautiful park, in the 1890s was the place to go to enjoy dancing, singing and other amusements at a time of ...

Factory Output Robust in November

Workers unload containers at the Waigaoqiao dock in Shanghai. [Photo: China Daily] China's factory output continued to strengthen in November, with the greatest improvement in the official purchasing managers' index (PMI) in the past seven months, but the fast clip in input ...

Facebook to Launch New Message Platform

Facebook CEO Mark Zuckerberg listens to a question from the audience after unveiling a new messaging system during a news conference in San Francisco, California November 15, 2010. [Photo: Xinhua/Reuters] Facebook announced on Monday that it would launch a new messaging platform, ...

G20 Agree to Move toward more Market-driven Exchange Rate

Chinese President Hu Jintao (5th R, front) poses for a group photo with other participants of the Group of 20 (G20) Summit in Seoul, capital of South Korea, Nov. 12, 2010. [Photo: Xinhua] Related: G20 Countries Agree to Cooperate in Reducing Trade Imbalances G20 Seoul Summit ...

LeTV.com touts new biz model

LeTV will launch a fee-based Internet protocol television service in the fourth quarter of 2010. [China Daily] In China's online video market, where firms generate most of their revenue from online advertising, subscriber fee-based LeTV.com seems to be a bit eccentric. But that ...

Weddings Spur Diamond Sales

A young woman and her fianc choose their wedding rings at a department store in Beijing. More couples are marrying during the National Day holiday and Mid-Autumn Festival, which is contributing to brisk diamond sales in China. [Photo: China Daily] Millions of Chinese couples ...

$8.29b power deal signed

The Shanghai Electric Group on Thursday signs an $8.29 billion deal with India's Reliance ADA Group for the supply of power equipment and related services. [China Daily] Shanghai Electric Group, one of the country's three largest power equipment makers, signed an $8.29 billion ...

'Boring' Tax Forms Are Overlooked by Majority

Number of people who declared their income taxed [Photo: China Daily] Most Beijingers are ignoring rules that call for those who earn more than 120,000 yuan ($17,578) a year to complete a self-declaration tax form. Observers say taxpayers think the forms are complicated and ...

Internet plays integral role in decision-making

The Digital Influence Index is Fleishman-Hillard's annual global research platform for uncovering how the Internet is not only informing and connecting consumers, but the way in which it's driving decision-making. This study measures several key aspects of consumers' use of the ...
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