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Latest BAIC deal bolsters gearbox tech in own brands

Domestic automaker Beijing Automotive Industry Corp (BAIC) recently announced that it acquired all equipment and core technologies of Weigl Transmission Plant AB, a Swedish gearbox maker, for 31 million euros ($42.8 million). The takeover is BAIC's second overseas purchase ...

Chanel finds a fashionable home on Channel Young

Fifteen-minute specials every day on a prime time TV show for two consecutive weeks featuring a galaxy of Chinese A-list celebrities and fashion bloggers as guest hosts. It's the auspicious publicity every fashion house craves, and for Chanel, one of the world's most recognized ...

Gaokao trainers foresee a bright future

With the beginning of a new semester, many education-training agencies are seeking to boost their profits by offering courses designed to better prepare students for the upcoming 2011 gaokao, or national college entrance examination, held in June. "The college entrance examinatio...

A taste for organic agriculture

Instead of tracking the ups and downs of the yuan exchange rate in his work as a clothing manufacturer and exporter in Ningbo, Xia Hongfang spends most of his working hours checking the moisture and acidic levels of soil using his computer. Xia has no plan to abandon his garment ...

Health supplements bring in the business

The fact that people are enjoying rising disposable incomes and living for longer is triggering a surge in the demand for health foods among the elderly who want to enjoy a healthy retirement. However, experts are advising senior citizens to be cautious when choosing which food ...

Home is most often where the heart is

China's elderly, faced with a shortage of care home beds, are increasingly resorting to being looked after by their children, a move tacitly approved of by policy makers. One retiree who is happy with his domestic set-up is Huang Yaoxin, a former Beijing government official aged ...

Backgrounder: Squeeze tightens on China's soaring home prices

Chinese Premier Wen Jiabao said Sunday he was determined to tame the country's runaway housing prices and keep them at a reasonable level during his tenure, which is to end in March 2013. Wen made the pledge in response to complaints about soaring home prices in an online chat ...

OECD invites China, Russia to join new aircraft financing agreement

The Organization for Economic Cooperation and Development on Friday invited China and Russia to join a new aircraft financing agreement during a signing ceremony in Paris. "Russia is becoming a prominent commercial aircraft producer and China will begin production in the next few ...

DSM plans to build a new factory in Jiangsu province

Royal DSM NV, the global life sciences and materials sciences company, will launch a 500 million yuan ($76 million) project in Nanjing, Jiangsu province to build a new production facility for composite resins targeted at the Chinese market. The facility, scheduled to be ...

British carmaker sues Chinese trademark agency

British luxury car maker Land Rover is suing a top Chinese trademark watchdog over a trademark dispute with Chinese auto manufacturer Geely, according to a court statement released Friday. The lawsuit against the Trademark Appeal Board under the State Administration for Industry ...

Toyota to recall 5,202 Lexus cars

Toyota Motor (China) Investment Co. will recall 5,202 imported Lexus cars in China to fix a malfunctioning gas-pedal problem beginning March 23, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said Friday. Toyota's announcement of its recall ...

Volvo aims to sell 200,000 cars in China by 2015

Volvo Car Corp. announced Friday it will build two manufacturing bases in the west China city of Chengdu and northeastern Daqing over the next five years in an ambitious expansion that aims for car sales in China of 200,000 by 2015. "China is Volvo's second home ground and plays ...

GM reports $4.7 billion net in 2010

U.S. auto giant General Motors Co. (GM) on Thursday reported 4.7 billion U.S. dollars of net profit for the whole year of 2010, its first annual profit since 2004, indicating a remarkable turnaround from bankruptcy two years ago. GM on Thursday released its rosy financial results ...

British carmaker Land Rover sues Chinese trademark agency over brand dispute

British luxury car maker Land Rover is suing a top Chinese trademark watchdog over a trademark dispute with Chinese auto manufacturer Geely, according to a court statement released Friday. The lawsuit against the Trademark Appeal Board under the State Administration for Industry ...

New powerhouse takes economic transformation up a gear (7)

Tang argues Chengdu should go all out to accelerate its economic growth to catch up with eastern coastal areas: "Only industries can narrow the gap across regions." The government has written economic restructuring into the draft 12th Five-Year Program, the national development ...

New powerhouse takes economic transformation up a gear (6)

FOSTERING NEW GROWTH Meanwhile, in Chengdu, a new high-tech industrial development zone (CDHT) is seeking to attract technology and Fortune 500 companies. Tang Jiqiang, head of CDHT, says it favors high-tech, modern services, and environment friendly industries, and bars high ...

New powerhouse takes economic transformation up a gear (5)

Huang says the municipal government will invest more than 300 billion yuan in improving living standards over the next two and half years.With soaring home prices squeezing ordinary Chinese off the property ladder, Chongqing is building 40 million square meters of apartments to ...

New powerhouse takes economic transformation up a gear (4)

Last year, Forbes listed Chengdu, capital of Sichuan Province, and Chongqing Municipality as the top two of the world's 19 fastest growing cities in the next 10 years.Chongqing's traditional manufacturing industries -- motorcycles, machinery and chemicals -- are upgrading, like ...

New powerhouse takes economic transformation up a gear (3)

CLOSING GAPSQiutian Gear is one of many Chinese firms adapting to falling demand from abroad as most countries struggle with economic recovery, says Zhuang Jian, an economist with Asian Development Bank.Economic restructuring has never been more imperative, says Zhuang, if China ...

New powerhouse takes economic transformation up a gear (2)

"When companies like Hewlett-Packard and Foxconn built plants in Chongqing, they raised salary expectations across the board," says He. "As a company with a thin profit margin, we have to keep improving our efficiency through technological innovation, otherwise we'll go out of ...
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sports

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