Michelin, the world’s leading tire maker, is expanding its tire production center in Shenyang, capital of northeast China’s Liaoning Province, and aims to turn it into the world’s largest tire base, according to sources with the Liaoning Provincial government Friday.
A government official said that a memorandum has been signed with Michelin covering new truck tire [...]
The Chinese government expresses strong dissatisfaction about the U.S. decision to impose penalty tariffs against the imports of Chinese coated free sheet paper, Wang Xinpei, spokesman for China’s Ministry of Commerce, said early Saturday.
The Department of Commerce of the United States on Friday announced its preliminary decision to apply U.S. anti-subsidy law to the imports [...]
A string of downbeat economic reports, including evidence that companies are paring back investment spending and signs that housing is taking another hit, have prompted economists to reduce their forecasts for U.S. economic growth in the first half of 2007, The Wall Street Journal reported Friday.
Since late last year, forecasters have warned that economic growth [...]
China’s largest regional airline by fleet size and the number of routes, Grand China Express, was set up in the northern port city of Tianjin on Friday.
The new carrier, owned by Hainan Airlines Group and its subsidiary Hainan Airlines Co. Ltd., operates a 29-strong fleet of 32-seat Dornier 328-300 jets on 78 routes linking 54 [...]
German automaker Volkswagen AG is planning to reduce oil consumption and emissions by 20 percent in all its Chinese-made cars by 2010.
Winfried Vahland, chief executive officer of Volkswagen China, made the announcement on Friday at the production launch of an engine plant in Dalian, northeast China’s Liaoning Province.
The new plant, a joint venture between Volkswagen [...]
China’s electronics production will likely grow 20 percent or so this year, sources with the National Development and Reform Commission (NDRC) predicted on Friday.
The sources said the sector expected to garner 130 billion yuan(16.9 billion U.S. dollars) in profit this year, up 20.9 percent from the year-earlier level.
Last year the sector posted big-margin increases in [...]
