Recent thunderstorms in Beijing reminded people of one of the most serious downpours the city for six decades.
The lack of liquidity at domestic banks is making it harder to get a car loan in Beijing, but that is likely to have minimal impact on the mostly cash market.
BMW Brilliance aims to triple its 2012 sales to achieve even greater success in the next decade, said the joint venture's top executive at a ceremony to mark its 10th anniversary.
Following the lead of Beijing, Shanghai, Guangzhou and Guiyang, a city near Beijing will become the fifth in China to restrict the purchase of vehicles for private use.
Over the past three decades, "consolidation" has been a buzzword in the Chinese auto industry.
BAIC Group, the Chinese partner of Daimler AG and Hyundai Motor Co, plans to acquire one or two domestic automakers this year, according to the company's senior management.
Though Mercedes-Benz has recovered from the disappointing sales figures it saw in 2012, Nicholas Speeks, the new president and CEO of the company's China operations, is still not satisfied.
Volkswagen's joint venture with SAIC Motor Corp recently launched the Gran Lavida in South China's Hainan province.
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.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
