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Despite the global downturn, the H1N1 flu epidemic and a fast-developing high-speed rail network, China's domestic airline traffic is expected to expand fast, with an annual growth rate of 8.2 percent in the next 20 years, the AVIC said.
Ford Motor Co is boosting its bet on China with a new factory and models as it tries to catch General Motors Co.
Goldman Sachs' HK$2.59 billion investment in Geely Automobile Holdings boosted the latter's shares by 18.99 percent yesterday on the Hong Kong Stock Exchange, its highest since 2000.
Gome Electrical Appliances Holdings Ltd, China's second-biggest electronics retailer by market value, sold 2.05 billion yuan of convertible bonds to help refinance debt and boost capital.
Aviation Industry Corporation of China (AVIC), China's top aircraft manufacturer, announced cooperation plans with Safran and GE yesterday, aimed chiefly at boosting the country's homemade jumbo jet program.
The CSRC yesterday said it was conducting a full investigation of liquor maker Wuliangye Yibin Co for incomplete and inaccurate information disclosure.
Airbus will deliver 80 airplanes to China this year, underscoring the resilience of China's aviation market despite its taking a heavy punch during the global financial downturn.
Singapore Commodity Exchange Limited (SICOM) and Sino Rubber Electronic Trading Market Co Ltd (Sino Rubber) of China signed a Memorandum of Understanding (MOU) to grow their natural rubber markets.
Airlines and aircraft lessors from China and abroad are approaching China's jumbo jet producer, eager to become the first user of this more economic and environment-friendly home-made passenger plane.
China's auto exports have been declining for 12 months since last August, the Information Times reported today, citing a senior official from the Ministry of Commerce.
"Your A300 is a good plane but you'll never make it. You are nice people, but it's difficult to have faith in your cooperative program."
PetroChina, the nation's largest oil producer, started formal operations at its Dushanzi refinery and chemical plant in far western Xinjiang region Monday to ensure energy security.
