North America remained the largest overseas client for Chinese IT service providers last year, accounting for half of their total businesses, according to a survey released Wednesday.
As the outsourcing market in China rapidly evolves, offering the lowest cost is no longer the best way to succeed, said several experts at the 2013 ChinaSourcing Summit.
Facing the pressure in the international market due to rising costs and fluctuations in foreign exchange, a growing number of Chinese IT companies have turned their eyes back to their home turf.
As electric vehicles become more widely used in public transportation, some local governments are moving a step further and promoting their private use.
During the past few weeks, several China-based electric vehicle makers have been making headlines with announcements of new contracts in the US market just as several US electric vehicle makers based in California face new challenges.
China Auto Rental Holdings Inc, the country's largest vehicle leasing company by fleet size and revenue, recently announced its five-year strategy together with British soccer legend David Beckham.
BMW is striving to "maintain sustainable and profitable growth in China," said Peter Van Binsbergen, senior vice-president of sales and marketing at BMW Brilliance.
Geely No 1 in Russia Geely has become the largest Chinese automaker by sales in Russia, according to the latest statistics from the Association of European Business. It sold 2,414 units in the neighboring country in May, up 119.5 percent from the same month last year. In the first five months, the company sold 8,987 units, up 76.3 percent. Lifan, the sales champion last year, fell to second place with single month sales of 2,353 units in May and 8,790 vehicles in the first five months.
Qingdao continues to be a popular tourist destination that prides itself for its natural beauty in the coastal areas. But the city's tourism authority has an ambitious plan in hopes of re-developing the industry.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
