Zhejiang Geely Holding's recent acquisition of Proton has spurred a turnaround at the Malaysian automaker, according to company executives. They said the rejuvenation plans were part of the auto family's pursuit of a greater global presence. "The Malaysian brand will be positioned as a regional brand, targeting the South-East Asian markets with products developed on Geely's platforms," Li Chunrong, newly appointed CEO of Proton Holdings, said in Shah Alam, Malaysia via a video news conference.
The Ministry of Transport has suggested doubling a key new energy target for the transportation sector, as the current goal could be met three years ahead of schedule, according to Cai Tuanjie, a ministry official.
An executive reshuffle at State-owned FAW Group seems likely to strengthen supportive measures aimed at helping its Chinese brands achieve their ambitious 2025 targets.
NEW YORK - Ford Motor will cut $14 billion in costs and drop several car models from its lineup under CEO Jim Hackett, who's focusing the company's future on SUVs, trucks and electrification.
The mayors of the capital cities of China and Central and Eastern European countries exchanged their understandings of green cities and the role of local governments in cultivating a supportive business environment for companies at a forum held in Podgorica, the capital of Montenegro, on Sept 15.
With the opportunities provided by the China CEE 16+1 Capitals Mayors Forum held in mid-September, Beijing has signed a series of cultural and arts agreements with Central and Eastern European countries in the form of strategic cooperative partnerships.
Beijing is aiming to strengthen economic cooperation with 16 cities in Central and Eastern Europe involved in the Belt and Road Initiative, particularly in the fields of tourism and healthcare, Chen Jining, the acting mayor of the capital, said at a high-level summit.
Chengdu, capital of Sichuan province, caught the world's attention and won praise from official leaders by hosting the 22nd General Assembly of the United Nations World Tourism Organization from Sept 11-16.
Chengdu, one of the most important cities in western China, is increasingly seen as the top choice for major event organizers for its convenient aviation links, sound environment and facilities, as well as its abundant tourism resources.
Mianyang, a city in southwestern Sichuan province, plans to boost its e-commerce industry by encouraging more business startups and establishing more partnerships with industrial giants.
Beijing is aiming to strengthen its role as a national hub for industrial transformation and technological innovation by further boosting high-tech industries, according to Zhao Hong, deputy dean of the Beijing Academy of Social Sciences.
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