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China a Leader in Global Emerging Auto Markets in 2010

The emerging markets of China, India and Brazil will lead the way in global auto sales in 2010, a report said Dec29. The U.S. market, meanwhile, was expected to see a double-digit increase and will lead the growth of mature markets in 2010, said the global auto report by Canadian ...

Mainland Procurement of Taiwan Products Reaches $14 bln

A Chinese mainland official said Dec30 that mainland purchasing groups to Taiwan had notched up deals worth about 14 billion U.S. dollars in the first 11 months this year. Fan Liqing, spokeswoman for the State Council Taiwan Affairs Office, said at a press conference that the ...

China to Enhance Financial Support to Foreign-funded Businesses

The Chinese government said on Dec30 financial institutions would be encouraged to step up credit support to foreign-funded businesses as they have become an important part of the world's third largest economy. Foreign-funded companies should have more access to financing and ...

CICC Named Top Underwriter for China's IPOs

China International Capital Corp (CICC) topped the rankings of the underwriters of China's initial public offerings (IPOs) in 2009, making an estimated 1.23 billion yuan from fees, Bloomberg data showed. The earning of the country's largest investment bank was boosted by ...

China Encourages Private Investment in Publishing Business

China will encourage private enterprises to play a bigger role in the publishing business, according to guidelines to be released by the industry watchdog. Private enterprises will be allowed to publish books on science and technology, finance and economy, supplementary materials ...

GM Reaps Strong Sales on Chinese Market in 2009

Whole year auto sales for the U.S. auto giant General Motors (GM) in the Chinese market topped 1.82 million units, up 66.9 percent from a year earlier, the company said Monday in an annual business report. Bullish sales of Buick, Chevrolet and Wuling vehicles boosted the market ...

E-book Sales to Explode in China

Chinese hi-tech firm Hanwang Technology said it expected shipments of its e-book readers to increase 400 percent this year, as demand for the portable reading device grows both domestically and overseas, the China Daily reported Thursday. The company plans to sell 2 million e...

China Ranks Second in Investment in Uganda

China has emerged as the second biggest foreign investment contributor in Uganda for the year of 2009 despite the global economic downturn, said a report released by Uganda Investment Authority (UIA) on Thursday. "Despite the general economic downturn around the world, Britain ...

China's Hanvon Debuts New eBook Products for U.S. Market

Chinese eBook giant Hanvon Thursday unveiled an array of new products for the U.S. market, including more than 10 eBook readers and electromagnetic touch tablet devices, at the International Consumer Electronics Show (CES). A world leader in handwriting recognition technology, ...

China's 2009 Foreign Trade Falls 13.9% to $2.21 trln with Surplus at $196.1 bln

China's foreign trade in 2009 dropped 13.9 percent from a year earlier to 2.21 trillion U.S. dollars and its trade surplus last year slid 34.2 percent year on year to 196.1 billion U.S. dollars, according to figures released Sunday by the General Administration of Customs (GAC). ...

HK Toy Exports Earn 88.55 Billion HK Dollars

Hong Kong's toy exports went down 10 percent to 88.55 billion HK dollars (11.35 billion U.S. dollars) in the first 11 months of 2009, according to figures released by the Hong Kong Trade Development Council Monday at a toys and games fair. Toy exports to Russia fell 57.1 percent ...

China's Electric Car Displayed at NAIAS

China's first electric carmaker BYD displayed its e6 and F3DM electric vehicles at the North America International Auto Show (NAIAS) which opened in the U.S. auto city of Detroit on Monday. Features BYD ferrous battery, the e6 with an expected range per charge cycle of 330 km in ...

Mercedes-Benz's 2009 Sales Soar 77% in China

Mercedes-Benz marked 2009 as their "best year ever" in China with sales in the mainland soaring 77 percent to 68,500 vehicles, German-U.S. auto giant Daimler Chrysler said Tuesday. The locally produced C-Class cars became the best-selling model, totalling 16,000 units in 2009, up ...

China's Civil Aviation Sector Turns Loss Into Profit in 2009

China's civil aviation industry moved out of the red and began to report overall profits in 2009, according to Civil Aviation Administration of China (CAAC). Civil aviation firms reported total profits of 12.2 billion yuan (1.79 billion U.S. dollars), compared with 2008's losses ...

China's State Grids 2009 Profits Down

The State Grid Corporation of China, the nation's biggest power transmission and distribution company, reported falling profits last year. Last year's profits shrunken to 4.52 billion yuan (665 million U.S. dollars) from 9.75 billion yuan in 2008, Liu Zhenya, general manager of ...

China Sees Fastest Housing Price Rise in 18 Months Last December

China's property prices rose at the fastest pace in 18 months in December, ending the year with rising fears of bubbles in the property market. Housing prices in China's 70 large and medium-sized cities rose7.8 percent in December 2009 from a year earlier, and were up 1.5 percent ...

China's Housing Prices up 7.8% in December 2009

Housing prices in China's 70 large and medium-sized cities rose 7.8 percent in December 2009 from a year earlier, and were up 1.5 percent compared to the previous month, said the National Bureau of Statistics (NBS) on Thursday. The property price increase stood at 5.7 percent in ...

China Names Another 20 Innovation Bases to Boost Foreign Trade

China's government Tuesday designated another 20 industrial bases as export-oriented innovation bases to boost exports of technology products and improve global competitiveness. Jointly authorized by the Ministry of Commerce (MOC) and the Ministry of Science and Technology (MOST)...

China-Made Rrivate Aircraft to Take off in Laos

China will deliver eight domestically designed private business aircraft to Laos next year, in its latest effort to find a niche in the international aviation market. The Xiaoying 500, or "Eaglet 500," passed dynamic tests of seat and restraint systems Monday, indicating the ...

Inner Mongolia Becomes China's Largest Coal Producer

North China's Inner Mongolia Autonomous Region has replaced neighboring Shanxi Province as the country's largest producer of coal, local authorities said Friday. In 2009, Inner Mongolia reported coal output of 637 million tonnes, 22 million tonnes more than Shanxi, China's top ...
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