Lovol Heavy Industry Co Ltd is reaping the harvest of its bold expansion abroad and enormous spending on technological innovation.
In Volkswagen's view, the measure of a company's success in the 21st century goes beyond its annual profit and sales figures. Good companies must be willing to contribute more widely to the communities in which their business success is built to truly demonstrate their leadership.
The third Guangzhou International Award for Urban Innovation, held in the capital of Guangdong province from Monday to Wednesday, has become a globally appreciated project in raising environmental awareness, exchanging experiences in sustainable development and encouraging innovation in urban development.
The government of Tianhe district, Guangzhou's financial center, pledged to back innovators with all its strength at the Innovation and Entrepreneurship Conference this week.
Engineering professionals from around the world gathered at the Guangzhou International Innovation Festival this week to add further momentum to the city's culture of craftsmanship.
"The important thing about a smart city is that it is not about technology but the people. The government needs to involve the community and society. The change is not to be done to the people but with the people. Take the people with you."
Gabonese President Ali Bongo Ondimba said ahead of his visit to China that his country welcomes more Chinese companies to invest in its processing and manufacturing industries, in a bid to boost economic development and create more jobs.
Investment in manufacturing and infrastructure projects, and trade in commodities and energy are key to the future of Sino-Gabonese business ties, as their products are complementary, experts said.
An industrial park in Mianyang, Southwest China's Sichuan province, has introduced a range of incentives over recent years to attract highly trained experts returning from overseas to start businesses.
Tianjin Economic-Technological Development Area (TEDA), one of the first national development zones in China, has experienced significant innovation-driven development and industrial advancement in recent years.
German premium automaker Audi AG has decided to temporarily suspend its talks with SAIC Motor Corp over selling its cars because of protests from its existing dealers.
General Motors Co stands to lose as much as $9,000 on its electric subcompact Chevrolet Bolt. Sounds crazy, but it makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in the US.
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Raymond Zhou
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