With varying operational requirements for heavy-duty trucks, Chinese businesses are looking to foreign manufacturers to fulfill their demands. As a result, European truck manufacturers have been witnessing significant growth in recent years.
The second largest economy in the world, China has been attracting foreign investment with an overwhelming influx of multinational corporations setting up operations in the past decade, all striving to gain a competitive edge through localization strategies designed to cut costs and improve supply chain, so as to boost sales and, ultimately, profits.
Defining the true success of a corporation today goes beyond business growth and product excellence. Increasingly, more companies are recognizing the importance of giving back to the societies where they operate, demonstrating their deep, long-term commitment to the market.
When the Mercedes-Benz Arena was revealed this year, an undeniable wave of awe rippled through the audience. Such a spectacular event could only happen in China and it reflects the dedication and confidence Mercedes-Benz has in the market.
BEIJING - German carmaker Volkswagen Group has again hiked its planned investment in China as it moves to consolidate its leadership in the world's largest auto market.
BEIJING - If a new draft regulation is adopted, private car buyers in China will be eligible for free repairs, replacement and even return of faulty cars in the first two years or 40,000 kilometers of ownership.
China's luxury auto market could soon surpass the United States to be the world's biggest, yet there is still a big difference in consumer psychology and behavior between the two.
Reported high luxury dealer inventories could signal overall slowdown
DALIAN, Liaoning - Despite severe natural disasters, China is expected to achieve a bumper harvest for the eighth consecutive year this year, Agriculture Minister Han Changfu said on Thursday.
DALIAN, Liaoning - China needs to diversify its huge foreign exchange (forex) reserves by promoting overseas investment in the real economy such as infrastructure, economists and officials said.
DALIAN, Liaoning - China's constraints on electricity supplies will help greatly boost United Company Rusal PLC's sales to the country, said a senior company official.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
