Archive for July, 2007

China 2007 Steel Products Exports Seen at 51.6m Tons

China steel product exports in 2007 are expected to hit 51.6 mln tons, up 20 pct, the China Iron and Steel Association (CISA) said, reflecting a projected slowdown in the second half compared to the first.
China exported 33.79 mln tons of steel products in the first half, up 97.7 pct from a year earlier, while [...]

Paulson Arrives for Trade Talks with China

United States Treasury Secretary Henry Paulson arrived in Xining in northwest China last night, kicking off a four-day visit to China.
He is due to visit local environmental protection programs in Qinghai Province, home to Qinghai Lake, the largest salt water lake in China.
He will also visit rural households in the remote province on the Qinghai-Tibet [...]

HK luxury fashion retailer to tap market in Beijing

Hong Kong fashion retailer Lane Crawford said today it will open a three-story shop in Beijing that sells more than 600 designer brands like Prada and Stella McCartney, tapping the growing demand for luxury goods in China.
The 300 million Hong Kong dollars (US$38.3 million) store, encompassing 7,200 square meters, will open in October, Lane [...]

Shanghai Auto and Nanjing Auto contemplate merger

Shanghai Automotive Co., China’s biggest car maker, and Nanjing Automobile are contemplating a merger to compete against bigger multinational car makers in China and overseas.
Shanghai Auto said last Friday that both companies have signed a Memorandum of Understanding in which they will discuss future co-operation and a possible merger of their auto operations. At present, [...]

Telecom Venezuela and Huawei team up

Telecom Venezuela and Chinese company Huawei Technologies Co. Ltd. will be embarking on a joint venture to produce up to 2 million mobile phones annually, AP reported.
Venezuela’s top telecommunications authority announced Sunday that the Venezuelan-Chinese company will be producing mobile telephones in Venezuela come 2008, the report said.
Jesse Chacon, the telecommunications minister of Venezuela, [...]

United Airlines opens new routes into China’s rapid growth

The increasingly lucrative route between U.S. and the world’s fastest growing economy has spurred United Airlines to double its flights into China in the next five years.
United currently offers five daily flights to Beijing and Shanghai from North America, but is looking to double this number to 10 by 2010, senior vice-president, Michael Whitaker, told [...]

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