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China has begun to restrict the mining and production of refractory clay and fluorite over concerns about reserve decrease and environmental pollution, according to a notice posted on the central government's website Sunday. The government would implement comprehensive measures, which involve taxation, production planning management, industry entry stand...
Beijing's largest diamond marketplace "Make Lumer Shopping Plaza" opened for business during the New Year's Day holiday. With a floor space of 10,000 square meters and located in Solana, M&L plaza, they offer diamond categories that could be 20 times that of traditional diamond shopping centers. And it also offers buy-back services for diamonds with...
General Motors's China vehicle sales in 2009 jumped 66.9 percent from a year earlier, the company said on Monday. General Motors and its joint ventures sold 1.83 million vehicles in the country last year and expanded its market share to an estimated 13.4 percent, up from 12.1 percent at the end of 2008, it said in a statement. Auto sales in China, the ...
China International Capital Corp (CICC) topped the rankings of the underwriters of China's initial public offerings (IPOs) in 2009, making an estimated 1.23 billion yuan ($180.14 million) from fees, Bloomberg data showed. The earning of the country's largest investment bank was boosted by underwriting the China State Construction Engineering Corp's 50....
According to market data, government procurement is responsible for about 8 percent of automobile consumption in China, the world's biggest auto market, but homegrown brands haven't benefited much from the generous spending. About 90 percent of procurement funds have gone for cars made at Sino-foreign joint ventures. In 2008, 80 billion yuan ($11.72 b...
The Yellow River, the water source for millions, has been contaminated by a diesel fuel leak despite efforts to contain the spill in a tributary, forcing authorities along the river to suspend water supplies. The oil slick reached the Fenglingdu section of the river in Shanxi province, and was flowing at up to 8 km per hour, China National Radio reported ...
With the majority believing the recession is behind them, Chinese consumer confidence is expected to continue to grow in the coming year, which sends a merry note to domestic marketers. The news was revealed in a survey by global marketing research firm ACNielsen. It also found Chinese shopper confidence remains strongest in the East and due to increasing...
World media reports have praised China's efforts in promoting international cooperation to combat climate change and its contribution to a substantive result at the UN Climate Change Conference in Copenhagen. The per capita carbon emission in China is far lower than that in Western countries, the state media from different countries, including India, Pak...
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