China’s energy consumption per unit of gross domestic product (GDP) fell 3% from the corresponding period last year in the first 3 quarters of 2007 as a result of the government’s strong supervision, an official of the nation’s top economic planning agency said on Thursday.
The Chinese government has pledged itself to cut the energy consumption [...]
French financial group Credit Industriel et Commercial (CIC) is counting on its local counterparts to pave its way into the Chinese private banking market.
Late last year, CIC was reportedly more keen on acquisitions than incorporation, citing cost and time concerns. The company has since changed its tune: Timothy K. Lo, the managing director of CIC [...]
Shenyang Aircraft Corp (SAC), a subsidiary of the country’s state-owned China Aviation Industry Corporation (AVIC) I, will be the sole supplier of a new light sport aircraft for Cessna, the world’s largest general aviation airplane manufacturer, announced the company on Wednesday.
Under the agreement between the two partners, SAC will assemble the Cessna 162 SkyCatcher, which [...]
Australian steel giant BlueScope Steel Ltd has put out word that sale of its metal coating facility at the Suzhou Industrial Park in Jiangsu was possible, if profit margins do not pick up.
Launched in October 2006, the plant was developed at a capital cost of approximately A$280 million. It is Australia’s largest manufacturing investment in [...]
Shanghai Automotive Industry Corp. (Group) (SAIC) Motor Corp<600104> has increased its budget for design development, to raise the profile of its own vehicles’ brand in China’s highly competitive market.
The increased expenditure follows news of its US$46 million joint venture with General Motors to introduce the OnStar dashboard technology to the Chinese market.
Tags: Auto, GM
The Chinese producer of the bead toys that caused massive recalls in the United States and Australia apologized Wednesday for using a toxic chemical and damaging the reputation of the made-in-China label.
The apology from Hong Kong-based JSSY Limited Company came 20 days after the US recalled 4.2 million pieces of the toys for containing 1,4-butanediol, [...]
