Industry & Market
Industry & Market
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Beijing Hyundai to Recall Over 120000 IX Vehicles
May 14, 2013China's product quality watchdog claimed on its website that Beijing Hyundai Motor Company had decided to recall 121,385 IX35 vehicles over brake pedal switch. It claimed that the recalled IX35 vehicles were manufactured during 2010.4.9 ...
Tags: Beijing Hyundai, IX Vehicles
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Xinzhu Road & Bridge Machinery Plans to Issue Not More Than 85 Million Shares
May 14, 2013Chengdu Xinzhu Road & bridge Machinery Co.,ltd. announces that it plans to issue not more than 85 million shares at not less than CNY 14.12 each and raise CNY 1.2 billion in a non-public offering. The financing will be invested into a ...
Tags: Transportation, Bus, Auto Parts
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A Joint-Venture Sales Firm Has Begun Recruiting Talents
May 14, 2013A joint-venture sales firm between The People's Insurance Company (Group) of China Ltd. (PICC and SEHK: 1339) and US insurance giant AIG has begun recruiting talents. PICC Life, the life insurance unit of PICC, said in its official ...
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T-Mobile Netherlands Is Investing Hundreds of Millions Euros for Network Development
May 14, 2013Foreign media reports said that T-mobile Netherlands is investing hundreds of millions euros for further network development. Partial investment will be used to reach a contract with Huawei Technologies for years. From this month, ...
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Wuhan Iron And Steel Company Will Own 100 Percent Equities in Echeng Iron and Steel
May 14, 2013Wuhan Iron And Steel Company Limited announces that the Hubei Provincial Government approves Hubei Province Investment Company to transfer 22.4 percent equities held Wuhan Iron And Steel Group Echeng Iron and Steel Co. to the company free ...
Tags: steel, Iron, Metallurgy, Mineral, Energy
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Chengdu Corning Cable Is a Sino-Foreign Joint Venture and Was Established in Chengdu
May 14, 2013Chengdu Corning Cable Co., Ltd. puts up 49 percent equities for sale at CNY 290 million on the Shanghai United Assets and Equity Exchange (SUAEE). Chengdu Corning Cable is a Sino-foreign joint venture and was established in Chengdu in ...
Tags: Corning Cable, Electrical, Electronics
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The Newborn Was Agreed to Engage in Compulsory Traffic Accident Liability Insurance.
May 14, 2013The Shanghai branch of Winterhur Insurance (Asia) was agreed by the Chinese insurance regulator to change to a wholly-owned subsidiary under AXA Insurance, with registered capital of CNY 280 million. The newborn was agreed to engage in ...
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Originwater Technology Signed a Cooperation Agreement with Taiyuan Iron & Steel on May 9
May 14, 2013Originwater Technology signed a cooperation agreement with Taiyuan Iron & Steel (Group) on May 9 to set up "Shanxi Taigang Originwater Environmental Science and Technology Company Limited". The newborn, in which Originwater will invest ...
Tags: Originwater, economy
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HOGS Reaped Operating Revenue of USD 382.4 Million in Q1 2013, Growing 2%
May 14, 2013HOGS reaped operating revenue of USD 382.4 million in the first quarter of 2013, growing 2% over a year earlier. Net profits reached USD 10.6 million, falling 13%.
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The Chip Copyright Litigation Between Haier and Microchip Has Gotten The Final Judgment
May 14, 2013The chip copyright litigation between Shanghai Haier Integrated Circuit and US Microchip Technology, which has lasted for nearly six years, has gotten the final judgment recently. The Shanghai Higher People's Court upheld the judgment of ...
Tags: Microchip, Haier, Computer Products
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ABP Planned to Develop a "China Town" Worth GBP 1 Billion at London Royal Docks
May 14, 2013ABP planned to develop a "China Town" worth GBP 1 billion at London Royal Docks, which will be finalized soon and one of the largest investment projects by a Chinese company in the UK. ABP hoped later this month to promise to build an ...
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Price of Chinese Agricultural Products Declined
May 14, 2013According to National Bureau of Statistics of China, Chinese agricultural products' price in 36 major Chinese cities declined for the third consecutive week. The Ministry of Commerce said in a statement that the average wholesale price ...
Tags: vegetables, cucumbers
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Volkswagen to Build Manufacturing Plant in Changsha
May 13, 2013Frankfurter Allgemeine anounced last Saturday that German Volkswagen would build vehicle manufacturing plant in Changsha, Hunan Province, which can produce 300,000 vehicles every year. According to Frankfurter Allgemeine, this factory ...
Tags: Volkswagen, vehicles
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Tianye Tolian announced yesterday that it has taken a 51% stake in Italy's Eden
May 13, 2013Qinhuangdao Tianye Tolian Heavy Industry Co., Ltd. (SZSE: 002459) announced yesterday that it has taken a 51% stake in Italy's Eden. Tianye Tolian spent EUR 4.5 million on this equity transfer. The company has finished the procedure for ...
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Guangtai Signed an Agreement with a PLA Unit to Set up Military R&D Base
May 13, 2013Guangtai Airport Equipment (SZSE: 002111) signed an agreement with a PLA unit to set up "aviation military transport security equipment technology research and development (R&D) base" to co-under tasks including studying aviation military ...
Tags: Military R&D Base, Security, Protection
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