Even though there’s room for more business, China already provides many opportunities for Finnish companies in several sectors including energy saving, environmental protection, paper and pulp, and IT and telecom, Finnish Business Council in Beijing (FBCB) chairman Mikko Harju told China Daily.
“There seems to be a constant flow of new companies either setting up shops [...]
Hong Kong-listed jeweler Luk Fook Group plans to open more stores on the mainland to cash in on the rising demand for luxury jewelry.
“We plan to open six more self-operated shops there this year, in first-tier cities such as Beijing and Shanghai,” William Wong, the company’s chief executive, told China Daily.
Tags: HK, Jewellery
Baoshan Iron & Steel Co said yesterday it would raise second-quarter steel product prices by up to 20 percent to pass on costs to customers after iron ore prices jumped.
The announcement, more than the market had expected, underlies the strong demand in the domestic steel market.
Tags: Baoshan, Baosteel, iron-ore, steel-maker
BYD Auto, the Shenzhen-based Chinese auto maker, held an opening ceremony for a R&D center in Shenzhen yesterday. Meanwhile, the automaker also started production of an engine model it developed on its own efforts in the same day.
The new center will be used to test core components for BYD’s electric vehicle, the company said on [...]
China’s fourth largest auto group Guangzhou Auto Group is restarting its IPO initiatives in both in Shanghai and Hong Kong markets, Chinese Business News reported today.
Guangzhou Auto plans to raise at least $900 million from both Shanghai and Hong Kong markets and the money will be used to fund research and development of upscale sedans. [...]
China imported 314,200 vehicles in 2007, which represents less than 4 percent of Chinese automobile market, according to China Association of Automobile Manufacturers.
China sold a total of 8.79 million vehicles last year, which includes 0.61 million exported vehicles. In other words, China sold 8.18 million vehicles at domestic market. That means imported cars account for [...]
