By 2020, the Chinese market may have half of its new car deals funded by loans, which would represent an increase of more than 40 percent from last year, a research report said.
Porsche China announced its wheelbase stretch plan for the new Panamera sporty luxury sedan, after the already sold out first batch of V8 Turbo and demonstrated the lineups' power for an excellent market performance.
Global biotechnology company Roche Group is committed to driving innovation forward in China, which offers a market of 1.3 billion people. With its research and development capabilities in pharmaceuticals and diagnostics, the company has positioned itself to promote personalized healthcare and contribute to China's precision medicine initiatives. Roche's CEO Severin Schwan shared his insights with China Daily reporter Wang Hongyi.
For industrial metals and their producers, the uncertainties generated by Donald Trump's shock electoral victory come with a more than $500 billion silver lining.
China is likely to extend its favorable purchase tax policy on small engine vehicles to further boost the market's growth, though some have suggested tax reform to further discourage the "gas guzzlers".
Carmakers and a university recently teamed up to define vehicle communication standards, with guidelines set to be published by the end of this year, to help boost transportation safety and the development of intelligent and connected vehicles, or ICVs.
The automobile manufacturer Borgward Group AG is staging a comeback, planning to build a production facility in its former home of Bremen, Germany.
Fiat Chrysler Automobiles NV is cutting back on discounted, lower-margin sales to fleet customers in the United States, following General Motors Co in a strategy that helped the larger rival post record third-quarter profits.
FAW-VW Audi's new A6L was awarded the most appealing midsize premium car after the segment-leading sedan's facelift was launched on the Chinese market with more youthful and dynamic elements, and consolidated its benchmark position with customer-oriented upgrades.
Not only a platform for bilateral ties, the ninth Cross-Straits Cultural Industries Fair held from Nov 4 to 7 in Xiamen, Fujian province, creates a new path for booming cultural industries amid the internet era, said experts.
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Raymond Zhou
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