China is set to introduce a range of financial stimuli aimed at encouraging competitive new energy carmakers in another move designed to ensure the sustainable growth of the country's fast growing yet chaotic sector.
On Aug 19, a salesman surnamed Chen in Nanjing, Jiangsu province, devised a piece of false information in the hope of selling more cars, saying that his city would soon start curbing car sales.
German luxury automaker Audi is confident of a rebound this year and it is pinning high hopes on its upcoming models, with plans to build on record growth in the Chinese market in the first seven months by increasing investment.
Auto business websites continued joining the race last week in Beijing, just days after one of their leading peers suddenly stopped operating.
Alongside the usual array of supercars, a drive towards larger exhibition areas and more sport utility vehicles may dominate this year's Chengdu Motor Show, the largest and most influential of its kind in western China.
Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 US dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday.
Anshun, a city in Southwest China's Guizhou province, has a long history of using stones as building materials.
The annual Guizhou International Stone Exposition held in Anshun is both a stage for businesspeople and investors and a gala that will draw fans of precious and unusual stones and rocks including fossils, gems, mineral crystals and other ornamental stones.
For many centuries, people in Anshun have viewed the city's rich stone resources as the driving force of the local economy.
The First World Jilin Merchants Conference has resulted in a number of investment projects with a total value of more than 70 billion yuan ($10.5 billion).
The First World Jilin Merchants Conference, which took place from July 27 to 29, is expected to bring benefits to both investors and local residents.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
