Industry & Market
Industry & Market
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China Luxury Market Cools Down
Dec 19, 2013Growth in luxury spending on the Chinese mainland is expected to cool to 2% in 2013, down from 7% last year, according to the China Luxury Goods Market Study for 2013 published by the international consulting firm Bain & Company, Xinhua ...
Tags: Luxury Market, Luxury Products, Economy
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China's Electricity Consumption Rose 8.5% to 448.5 Billion Kilowatt-Hours
Dec 18, 2013China's electricity consumption, an indicator of economic activity, rose 8.5 percent year-on-year to 448.5 billion kilowatt-hours in November. According to data from the National Energy Administration on Saturday, China's total power ...
Tags: Metallurgy, Mineral, Energy, Electricity Consumption
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China Will Re-Introduce an Import Tax on Diesel -- at 1% -- From January 1, 2014
Dec 18, 2013China will re-introduce an import tax on diesel -- at 1% -- from January 1, 2014, following approval from the State Council, the country's Ministry of Finance said Monday. No reason was given for the change. Diesel had been exempt from ...
Tags: Diesel Tax, Mineral
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China's Export Tax on Indium Will Be Lowered to 2% in 2014 From The Current 5%
Dec 18, 2013China's Ministry of Finance said Monday the country's export tax on indium will be lowered to 2% in 2014 from the current 5%. The cut follows years of lobbying by Chinese producers, who claim the tax has encouraged smuggling. China ...
Tags: Indium Export, Metallurgy
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A Research Team Found China's Most Promising Natural Gas Hydrate Deposits
Dec 18, 2013A research team has found China's most promising natural gas hydrate deposits under the Pearl River, improving chances the icelike formations will ease the country's energy shortages, scientists said on Tuesday. The discovery showed about ...
Tags: natural gas, Energy
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China's Electricity Consumption Grew 7.5 % Year on Year to 4.83 Trillion Kilowatt Hours
Dec 18, 2013China's electricity consumption grew 7.5 percent year on year to 4.83 trillion kilowatt hours (kwh) between January and November, according to the China Electricity Council (CEC). Use by primary industry totaled 93.5 billion kwhs, up 0.1 ...
Tags: electricity consumption, Mineral
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Sinopec to Supply Tighter Specification Motor Gasoil Adhering to Phase IV Emission
Dec 18, 2013Chinese state-owned oil major Sinopec will supply tighter specification motor gasoil adhering to National Phase IV emission standards at all its gas stations across South China's Guangdong province from Friday, the company said last Friday. ...
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Supporting Automotive Reshoring From China
Dec 18, 2013Supporting Automotive Reshoring from China Jaguar Land Rover's drive to reshore tooling and components for its premium automotive products from China to the UK created an immediate need for additional wire EDM capacity at Pontypridd ...
Tags: Industrial Equipment, Components, Automotive Reshoring
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G-Tech Constructs a Factory for Making Energy-Saving Glass Building Materials
Dec 18, 2013Glass substrate processing firm G-Tech Optoelectronics is constructing a factory for making energy-saving glass building materials, with completion scheduled for March-April 2014 and production to kick off in the second quarter, according ...
Tags: Green Building Glass, Glass, Construction, Decoration
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Lite-On Technology Will Merge with Leotek Electronics and Five Other Subsidiaries
Dec 18, 2013EMS provider Lite-On Technology will merge with Leotek Electronics and five other subsidiaries. Leotek is a wholly-owned subsidiary that makes own-brand LED lighting products, according to the company. The five other susidiaries to be ...
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China Yarn Spinner Keer Group Is Investing $218mn to Establish Its U.S. Operations
Dec 18, 2013China-based yarn spinner Keer Group is investing $218 million to establish its U.S. operations, which will be named Keer America Corp., in Indian Land, S.C. The investment includes construction of a 230,000-square-foot manufacturing ...
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Greenstar to Complete The Acquisition of Beichen Tomato Products in Bayannur City
Dec 18, 2013China-based GreenStar Agricultural is set to complete the acquisition of Beichen Tomato Products in Bayannur City, Inner Mongolia, on 1 January 2014. The company has agreed to pay around C$4.2m ($4m) for Beichen Tomato's assets. The ...
Tags: Greenstar, Beichen Tomato
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Sateria Puts Vsf Fabric Production Ahead Both for Export & Domestic Garmenting Units' Use
Dec 18, 2013Given the fast growing market demand for viscose staple fibre (VSF), a man-made, biodegradable fibre with characteristics akin to cotton, Hong Kong-listed specialty cellulose producer Sateria is trying to put the VSF fabric production ahead ...
Tags: VSF fabric, Textile
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CSC Released Its Prices for AP Plates for January on December 16th
Dec 18, 2013China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan released its prices for AP plates (materials without mill certificate) for January on December 16th. It’s learned that CSC decided to raise its prices for AP plates by ...
Tags: steel, metallurgy
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Labelexpo Asia 2013 Achieved an Increase of 18.8% Over 2011's Show
Dec 18, 2013Labelexpo Asia 2013 reached new visitor heights as it celebrated its tenth anniversary edition. Held at the Shanghai New International Expo Centre (SNIEC) during 3 – 6 December, the four day exhibition was attended by a huge number of ...
Tags: Labelexpo Asia, Visitor Numbers
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