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China's high-speed train development at record high: Swedish media

China's railway network, already the world's longest, is developing at record high speed and is to be doubled soon, Swedish daily Svenska Dagbladet reported on Wednesday. "China's goal is to connect all important cities with railway lines," the report said. Collaborating with ...

Yahoo lays off while Google recruits

Yahoo! Inc is planning its second round of layoffs in six weeks, while rival Google Inc is preparing its biggest-ever year for hiring, underscoring the divergent paths of two of the Internet's biggest names. Yahoo said on Tuesday it will cut 1 percent of a global work force that ...

Tencent fund eyes Internet investment

Tencent Inc has established a fund of 5 billion yuan (US$760 million) to invest in the Internet, part of its open-platform strategy in the mobile and Internet sectors, China's No. 1 dot-com firm said Monday. The Shenzhen-based company aims to invest the fund within two or three ...

Drivers get online to find parking spaces in Beijing

Finding it hard to get a parking space in crammed Beijing? Get online to try your luck with a new website. Netizens Tuesday started trialing a website for exchanging Beijing car park information. The Chinese capital has 4.76 million cars and limited parking space. Drivers can log ...

Volvo launches China headquarters in Shanghai

Swedish automaker Volvo's China headquarter will be set up in Shanghai. Volvo Car Corporation announced Tuesday the establishment of the Volvo Car China Headquarters and an attached technology center in Shanghai. A separate company, along with a new board of directors, was set up ...

GM sold more cars in China than in U.S. last year

General Motors Co. sold more vehicles in China than it did in the United States last year, marking the first time a foreign market has outpaced the automaker 's domestic sales in its 102-year history, it was reported on Monday. GM's sales in China increased 28.8 percent to 2,351...

City curb on auto purchases to hit motor insurers hard

Cars stand idle at the park of a BYD dealer in Beijing. The city's policy to require potential buyers to get a registration plate before purchasing a vehicle will not only hurt car dealers, but insurers. [China Daily] The capital city's auto insurance premium income will probably ...

Guangzhou to curb government car use

Guangdong's provincial capital will not restrict vehicle registrations in new measures to curb traffic congestion, a senior provincial official said on Sunday. "Guangdong will not copy Beijing's practice of limiting vehicle registration, because allowing more residents to own ...

BAIC buys Guangzhou Baolong

BAIC unit Foton is most noted for heavy trucks, but also makes small cars, part of wide diversification by the parent company.[China Daily] BAIC Group, the partner of Daimler AG and Hyundai Motor Co, recently bought a private automaker in Guangdong province to gain a foothold in ...

Car sales enter the slow lane

China's passenger car sales continued to enjoy staggering growth in 2010 thanks to government incentives and the overall economic recovery. Auto makers in China sold a record 13.8 million passenger cars, up 33.2 percent year-on-year. Don't expect a similar story in 2011. Car ...

Volkswagen in talks to develop new 'local' car

Volkswagen AG, the second-largest foreign automaker in China, is in talks with its local partners to develop a new car, specifically for Chinese consumers. The move comes as the company looks to find more potential in new segments of the world's biggest automobile market, said ...

Beijing to broadcast live first ever car license lottery

Beijing is ready to kick off its first ever car license plates lottery, to be broadcast live both on TV and over the Internet on Jan. 26, said officials with the allotment office Saturday. A total of 17,600 car license plates will be allocated to qualified individual applicants ...

Automaker Changan to set up R&D base in U.S.

China's Changan Automobile Group announced Tuesday it will open a research and development (R&D) center in the U.S. city of Detroit, becoming the first Chinese automaker to have a research base on U.S. soil. The Detroit center will specialize in automotive chassis technology, ...

Innovation the key for Mercedes-Benz

Ulrich Walker, chairman and CEO of Daimler Northeast Asia, explains the brand history of Mercedes-Benz last night as the car maker inaugurates Mercedes-Benz Arena in Pudong New Area. Mercedes-Benz has every reason to celebrate as it not only looks back on 125 years of innovation ...

VW plans historic investment

A Volkswagen production line in Shanghai. The group's successful partnerships with SAIC Motor Corp and FAW Corp have helped it top the market in combined sales for two decades. [China Daily] German carmaker Volkswagen Group plans the biggest-ever investment in China by a carmaker ...

GM expands flawed trucks recall

General Motors is expanding an earlier recall of some 2011 model year trucks and SUVs to fix a problem that could cause the vehicles' rear axles to lock. The recall, originally announced in December, now covers 26,751 Cadillac, Chevrolet and GMC trucks and SUVs. The models ...

Dealers adapting to market challenges

Auto dealers in Beijing are planning to improve services, expand to markets outside the capital and speed up secondhand trade as part of efforts to adapt to the limit on license plate registrations, China Daily has learned. New regulations, which came into effect on Jan 1, will ...

BYD drops 100 dealers after sales disappoint

Following dealer pullouts last year, carmaker BYD has admitted its sales network grew too fast and has cut the number of dealerships by 100, domestic media said. The report said Wang Chuanfu, board chairman of BYD, disclosed the information at the North American International ...

Bumpy road ahead for car sales

Potential car buyers check out an Audi model at a car market in Nanjing, capital of Jiangsu province, on Jan 11. [China Daily] Car salesman Liu Jun enjoyed the best time of his career in December. After shifting 19 cars in the first 23 days, he was already looking ahead to ...

Bank fraud may hit repayment of US$75m deposits

China National Heavy Duty Truck Group Jinan Truck Co Ltd, a Chinese maker of heavy-duty vehicles in Shandong Province, said one of its units is allegedly involved in a bank fraud that could threaten repayment of 500 million yuan (US$75 million) worth of deposits. CNHTC Jinan ...
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china

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China offers inspirations to global dilemmas
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Merck to put $1.5b in R&D
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world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
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trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
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