China’s Ministry of Finance (MOF) on Tuesday announced the country would earmark 3.51 billion yuan (511.6 million U.S. dollars) this year to support the development of domestic small- and medium-sized enterprises.
Financing difficulty had long been a bottleneck for domestic small- and medium-sized enterprises since China started providing small mortgage loans in 2002.
The government placed helping [...]
China National Petroleum Corporation (CNPC) is teaming up with China Petroleum & Chemical Corporation (Sinopec Group) to bid for the Peru-based private-held company, Petro-Tech Peruana, sources reported.
The potential deal is expected to cost between US$1.5 billion and US$2.5 billion, and the two Chinese state-owned companies, cooperating under Beijing’s coordination, expects Petro-Tech to announce the result [...]
China’s manufacturers, the world’s largest copper consumers, may increase imports by as much as 60 percent after a price slump, trader Bayin Resources Co. said.
Imports of refined copper may jump to between 100,000 metric tons and 120,000 tons a month, Frank Zhou, deputy manager of Bayin’s copper division, said today in an interview from Shanghai. [...]
Nissan Motor Co. will soon start exporting passenger vehicles from China to overseas markets. The shipment, to be made to Egypt, will include Livina minivans and Bluebird Sylphy sedans.
“The plan is going well and the first batch of cars will be exported later this month or next month,” says an executive from Dongfeng Nissan Passenger [...]
China’s auto imports grew rapidly in the first half, as world auto giants turned to the Chinese market after the U.S. economic slump and rocketing oil prices drove sales down on U.S. and European markets, the General Administration of Customs said on Tuesday.
Domestic demand for vehicles with large-engine capacities also strengthened as many people bought [...]
Green Energy Technology Inc., Taiwan’s second-largest maker of solar wafers, will enter the thin-film market this year to benefit from rising global demand for the lighter, lower-cost technology.
Green Energy has already received requests to supply four times the amount of next year’s capacity for its new amorphous silicon thin-film solar panels which will begin production [...]
