Archive for June, 2008

Manganese Bronze builds iconic London taxi in China

Manganese Bronze Holdings plc, a UK-based automotive and taxi services company, has built the first prototype of a London black taxi at its JV with Geely in China, said market sources.
Full production of TX4, the iconic London taxi, is expected to start by the end of the year. The JV in China plans to sell [...]

Huawei to sell 70 mln units of terminal products in 2008

Huawei Technologies Co Ltd. (Huawei), a leader in next-generation telecommunications networks worldwide, expects to sell 70 million units of terminal products this year, said the company at the CommunicAsia 2008 being held in Singapore.
According to Huawei Technologies’ statement, these 70 million units of terminal products consist of mobile broadband equipments, handsets, routers, wireless gateways and [...]

China Southern to delay freight operations in Vietnam

China Southern Airlines, the largest airline by fleet size in the country, said it will delay commencement of freight operations in Vietnam, mainly due to the exchange rate.
Although it has maintained a 10% annual growth in the passenger market on Southeast Asian routes, China Southern Airlines has decided to postpone the launch of cargo flights [...]

Energy Demand: China vs. the World

Let’s talk a little bit about the role of supply and demand in determining energy prices, in particular the interplay between demand from the U.S. and other western nations and the demand from China and other emerging market economies.
First, here is a graphic from the WSJ depicting the YoY change in gasoline consumption in the [...]

China Fuel Prices in Surprise Rise

I was going to write about speculative inflows and their impact on Chinese monetary policy, but a lot has been happening – and just in the middle of my week-long trip out of China – so I will postpone that discussion for Monday. On Thursday, as almost everyone knows by now, just after the market [...]

Rio Gets at Least 80% More for Iron Ore From Baosteel

Rio Tinto Group, the world’s second- biggest iron-ore exporter, said China agreed to a record price increase as mining companies struggle to keep pace with surging world demand.
Baosteel Group Corp. will pay 144.66 U.S. cents a dry metric ton unit for so-called Pilbara blend fines in the year that began April 1, up 80 percent [...]

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