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Volkswagen AG sold 36.7 percent more cars in the Chinese mainland and Hong Kong in 2009 than in 2008, the company said on Thursday. That is in line with a 37 percent annual growth in the first nine months of 2009. The top European automaker sold 1.4 million vehicles in the mainland and Hong Kong in 2009, up from 1.02 million units a year earlier, it sai...
China Vanke Co, the country's largest real estate enterprise, said its annual sales jumped 32.5 percent year-on-year to 63.4 billion yuan ($9.3 billion) in 2009. The floor space Vanke sold last year rose 19.1 percent from a year earlier to 6.63 million square meters, it said in a report to the Shenzhen Stock Exchange Thursday. However, the Shenzhen-bas...
Ford Motor Co posted a 44 percent jump in its China vehicle sales in 2009, and aims to outpace growth in the world's largest auto market this year, banking on continued state policy incentives to drive demand. Ford, which broke ground for a $490 million new China plant in September, sold 440,619 vehicles in the country in 2009. That compared with 306,3...
Government loosens regulations to spur island province's development Lottery regulations are being relaxed in China's tropical southern island province of Hainan to help it become a global resort within a decade, marking a big step forward for the country's lottery business. The State Council, China's Cabinet, gave permission to Hainan on Monday to ...
New study finds entrepreneurs still need 'legal consciousness' A growing number of Chinese entrepreneurs are committing criminal offences, and most of them enjoy high political status or social recognition, a report by a senior lawyer shows. Wang Rongli, a Shenzhen-based lawyer, collected case files of 85 influential entrepreneurs sentenced or accused...
PBOC may use policy tools to manage inflation, property risks China's central bank yesterday said it will manage inflation expectations and keep a close watch on the property market through its credit and money supply policies. In a statement on its website, the People's Bank of China (PBOC) said it would try to maintain ample liquidity in the financi...
A US-based software producer yesterday filed a $2.2 billion lawsuit against the Chinese government, two Chinese software markers and seven major computer manufacturers for their distribution of the Internet filtering software "Green Dam Youth Escort" - which the company claims is pirated from a similar product it makes. Cybersitter, a family-owned softwar...
China produced 600 million mobile phones in 2009, and the output of Shanzhaiji - a term used to describe domestically produced mobile phones imitating big brands - reached 145 million, according to statistics released by the consulting company AVC yesterday, the Beijing Morning Post reported. According to the AVC report, the number of mobile phones produc...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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