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Karl-Thomas Neumann, president and CEO of Volkswagen Group China, said last week that the German auto giant will for the first time sell more than 2 million vehicles in China this year, up from the 1.92 million sold in 2010.
With today's uncertainty in China's motorcycle industry, it seems Chongqing Lifan Holdings Co Ltd made the right moves when it began expansion overseas in 1998.
Chinese officials in Kunming ordered two fake Apple shops to close, a local newspaper reported on Monday, an apparent reaction to a storm of media attention about an unauthorized and elaborate hoax store in the southwestern city.
Nokia Oyj isn't just losing mobile- phone market share to iPhone maker Apple Inc. The Finnish company's dominance in China, the world's largest wireless market, is being eroded as prices sink.
Guosen Securities Co, the top- ranked arranger of initial public offerings in China, has more than doubled the workforce at its Hong Kong unit this year as Chinese investment banks challenge Goldman Sachs Group Inc and Morgan Stanley outside their home market, Bloomber reported Monday.
Media reports suggesting Ajisen Ramen uses cheap powders and other instant seasoning for its noodle soup, instead of boiling pig bones for hours as its advertisements suggest, have failed to deter the chain's customers in China.
China Everbright Bank Co is seeking more institutional buyers for its Hong Kong share sale after getting commitments for about one third of the offering from key investors, two people with knowledge of the deal said.
Nongfu Spring, a major Chinese producer of bottled water, on Sunday dismissed claims that worm eggs were discovered in some of its products.
Noodle chain says soup concentrated
Shuanghui to clean up tainted meat
Police detain professor over pig feed additive
Customers at an Apple Store in the Chinese city of Kunming berated staff and demanded refunds on Friday after the shop was revealed to be an elaborate fake, sparking a media and Internet frenzy.
Henan Shuanghui Investment and Development Co Ltd announced that it would clean up nearly 3,800 tons of clenbuterol-tainted meat in a bid to ease consumers' concern.
China CNR Corporation Limited said its subsidiary, Changchun Railway Vehicles, had signed a deal worth HK$1.401 billion ($180 million) to sell subway trains to Hong Kong's MTR Corporation.
Even after being exposed as a fake, an "Apple" store in this city has lost little of its former hustle and bustle.
