The Chinese mainland was scheduled to organize three buying teams to visit Taiwan to purchase products and materials, Yao Jian, spokesman of the Ministry of Commerce, said yesterday.
The ministry, the State Council Taiwan Affairs Office and the Ministry of Industry and Information Technology were endeavoring to organize three trade teams to visit Taiwan at the [...]
Shanghai’s key stock index swung between gains and losses yesterday as investors remained cautious, ending slightly lower after reaching a nine-month high.
The Shanghai Composite Index dropped 0.94 percent, or 25.27 points, to close at 2,651.41 points, after reaching an intraday high of 2,686.34 points. Turnover shrank to 137.73 billion yuan (US$20.25 billion) from 148.28 billion [...]
China Minsheng Banking Corp expects to double its credit card circulation in three years as China’s consumer credit market develops, a senior official said yesterday.
The Beijing-based bank plans to have 15 million credit cards in circulation in three years from last year’s nearly seven million, Yang Ke, president of the bank’s credit card center, said [...]
China’s netbook sales will jump 25 percent year-on-year as consumers favor the low-cost computers rather than laptops during the economic slowdown, a Taiwan-based research firm said yesterday.
This year, sales of Chinese netbooks from Lenovo, Acer, Hewlett-Packard and Dell are expected to reach 25 million units, with 20 million of them for export. In 2010, global [...]
Auto parts supplier Georg Fischer Automotive expects a minimum 50 percent higher turnover in China this year and wants to double it by next year.
Josef Edbauer, president of GF Automotive, said the business would remain robust as China’s auto industry continues to grow. Efforts to reduce vehicle weight also helped increase demand for lighter metal [...]
Wuhan Iron & Steel (Group) Corp, China’s third-largest steel maker, may buy a stake in the Brazilian mining group MMX Mineracao e Metalicos SA and build a steel plant there.
The potential deals are set out in a memorandum of understanding signed by Wuhan Steel, MMX and LLX Logistica SA. MMX and LLX, both controlled by [...]
