China auto industry little affected by earthquake
Earthquake will have a limited impact on China's auto industry as Sichuan Province accounts for only around four percent of the country's vehicle demand, Morgan Stanley said. Still, passenger vehicle companies with relatively high exposure to Sichuan - including Dongfeng PSA Citroen, Suzuki's joint ...
+ MoreChina＇s car sales up nearly 18 pct in Jan.-April period
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+ MoreTrade surplus hits $16.68b in April
China's trade surplus stood at $16.68 billion in April, the General Administration of Customs said on Monday. The figure was down about 1 percent from the same month last year, but up from $13.4 billion in March, and $8.6 billion in February. Exports in April rose 21.8 percent year on year...
+ MoreChina Railway 2007 profit up 92% China Railway 2007 profit up 92% on constru
China Railway Group Ltd, Asia's largest construction contractor, said its 2007 profit soared 92.2 percent, helped by the building boom in the world's fastest-growing major economy. Net income jumped to 3.16 billion yuan (452 million U.S. dollars), or 0.24 yuan per share, bas...
+ MoreSteel prices rise for 4th week amid strong demand
Domestic steel prices have been rising for the fourth week in China, boosted by growing demand, analysts said. According to China Iron and Steel Association (CISA), domestic steel prices surged by almost 20 percent in the first quarter. The domestic steel price index rose to a record high of 142.31...
+ MoreChina’s yuan breaks 7 mark against USD
China's currency, the yuan, was set to trade at 6.9920 yuan against the U.S. dollar on Thursday, breaching the 7-yuan mark for the first time since the government unpegged it from the dollar in 2005. Following an overnight fall of the dollar, the central parity rate of the yuan, or Renminbi (RMB), g...
+ MoreAuto yield and sales exceed 2.5 million in 1st quarter
Monthly statistics released by the China Association of Automobile Manufacturers (CAAM) on April 9 show that auto yield and sales volume in March each exceeded 1 million vehicles, establishing a new historical record. And the yield and sales of home-made automobiles together amounted to over 2.5 mil...
+ MoreChina’s installed capacity of wind power hits 10 mln kw
China's installed capacity of wind power will hit 10 million kilowatt this year, and the figure is expected to double in 2010, a senior official said in Beijing on Sunday. To develop clean energy, China will expand the installed capacity of nuclear power, making it account for more than 5 percent of...
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