China’s auto market is calm when the global market of new-energy vehicles is heating up. The Toyota hybrid car Prius, which has been popular worldwide, has sold less than 3,000 units since it was introduced to the Chinese market two years ago. Why hasn’t the new-energy vehicle market in China gone onto the fast track [...]
Wang Bin, a 39-year-old Shanghai doctor, plans to buy a bigger car to replace his 4-year-old Volkswagen Santana. But after last week’s hike in Chinese gasoline prices, he’ll go for a fuel-efficient model such as a Toyota Camry or a Honda Accord.
“We’ll need to pay nearly 100 yuan (7 pounds) more at the pump every [...]
Corporate marriages are difficult, even under ideal circumstances. But they are particularly difficult for foreign automakers with large state-owned automakers in China.
Take Volkswagen AG. It recently withdrew an executive dispatched to reform its joint venture with state-owned China FAW Group Corp.
On June 3, the VW executive, Weiming Soh, was replaced by an executive appointed by [...]
Issues facing current international energy development emerge mainly from concerns over shortage in fossil energy supply and greenhouse effect triggered by climate changes. The former has resulted in continuous hike of energy prices around the globe. At a time of costly energy supply and global climate change, most countries have begun to turn to energy [...]
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 Construction Co. Limited, the country’s biggest real estate developer, was approved on Thursday by China’s securities regulator for the second initial public offering [IPO] this year.
The company will issue 12 billion A-shares and it’s expected to raise more than 40 billion yuan (5.71 billion U.S. dollar).
Tags: Baosteel, building, housing, investment, IPO, PetroChina, Real-Estate
