ASTON Martin, the British iconic car maker made famous by suave British secret agent James Bond in his movies, yesterday drove into China’s rapidly growing luxury sports car market when it opened its first showroom in Shanghai.
The Shanghai Aston Martin Retail Center, franchised by GruppeM and located in Xintiandi, extends Aston Martin’s global dealership network [...]
China National Offshore Oil Corp (CNOOC), the nation’s largest offshore oil producer, announced yesterday it had commenced operating the nation’s first offshore wind power plant.
The wind power plant has an installed capacity of 1.5 megawatts (MW). It is located at the company’s Bohai Suizhong 36-1 oilfield, 70 kilometers off the coast.
The plant can generate 4.4 [...]
 Higher production cost will lower China’s export of steel billets by at least 50 percent in 2008, said Qi Xiangdong, vice secretary general of the China Iron and Steel Association.
Speaking at the third Forum on  Wednesday, Qi predicted that steel products will also drop by some one percent compared with 2007.
Reasons for the sharp export [...]
China Investment Corp., the nation’s $200 billion sovereign wealth fund, signaled it may invest in stocks rocked by subprime mortgage defaults.
“CIC wants to be a stabilizing force in the international capital markets,” Chairman Lou Jiwei told a conference in Beijing today. He then cited a “recent example” in which a similar fund invested in a [...]
China will build a national coal exchange in three to five years to allow sellers and buyers to negotiate prices in a more free way than the previous government-regulated pricing, said the country’s top economic planner Wednesday.
The National Development and Reform Commission expected the exchange to handle both term contracts and spot trading, and will [...]
Soft drinks makers and some edible oil producers look set to be penalised under new investment regulations as the Chinese Government issues restrictions on overseas investors and companies.
While China is encouraging investment in infrastructure and technology from various beverage manufacturers, it seems the majority stake of any venture for producers of well-known liquor will have [...]
