Why Lexus doesn't lead the pack in China
2011-04-12 16:00:08
Even after a series of embarrassing recalls last year, Toyota Motor's (TM) Lexus managed to remain the No. 1 luxury vehicle maker in the U.S.—a spot it's held for 11 years running. In China, however, it's an also-ran. Lexus sold just a fifth of luxury leader Audi's tally last year in the world's biggest car market. It also trails BMW and Daimler's Mercedes.
Chinese city banks to slow down interregional expansion
2011-04-12 15:59:42
City commercial banks in China are set to slow down their regional expansion this year, even though the banking regulator has not officially forbidden such moves.
China steps up railway industry reform
2011-04-12 15:58:53
China will further step up efforts to promote the separation of administration and management in the country's railway industry, according to an economic planning official.
China to slow wind-power rush
2011-04-12 15:58:23
The Chinese government is considering stricter approval rules for wind power projects to cool heady growth in the sector, according to a Chinese newspaper.
CIRC no harsher at foreign insurance institution in its entry rules
2011-04-11 15:04:30
The China Insurance Regulatory Commission on Mar 31 released administrative rules on foreign insurance institutions' representative offices inChinato solicit public opinion. It is the third time it has amended the related regulations.
CNPC, CRC sign strategic partnership accord
2010-06-30 16:46:02
China National Petroleum Corp (CNPC) signed a strategic cooperation agreement with China Resources Group Co (CRC), the Shanghai Securities News reported Wednesday.
Shenzhen Airlines to have new head
2010-04-22 16:24:55
Air China, which gained control of Shenzhen Airlines last month, has selected a new head for the smaller carrier.
Huaxia Bank gets board approval for $3b placement
2010-06-01 17:45:58
Huaxia Bank Co, which is partly owned by Deutsche Bank AG, got board approval to raise up to 20.8 billion yuan ($3.04 billion) through private placement, the lender said in a statement Monday.
Chery aims big for 2010 sales
2010-02-23 16:06:08
China's largest indigenous automaker Chery Auto plans to outsell its home-grown rival BYD Auto this year, the China Business News (CBN) reported today, citing an unnamed source.
Insurers eyeing shipping insurance in Shanghai
2010-08-31 16:52:43
Great business opportunities created by Shanghai turning itself into an international shipping hub are drawing rising attention of insurers at home and abroad.
Chinese jumbo jet looks globally for engines
2010-04-09 17:21:47
AVIC Commercial Aircraft Engine Company has kicked off a global search of engine suppliers for China's first indigenously-made jumbo plane, the C919, the China Business News reported on Wednesday.
CNPC says to pull out of real estate business
2010-04-07 13:06:07
China National Petroleum Corp (CNPC) has announced it would withdraw from the profitable commercial real estate business, China Business News reported on Wednesday.