General Motors Co is optimistic about the recovering auto industry in China, and is responding to a shift in growth toward utilitarian models in small cities, Reuters reported.
Samsung Electronics has made a 3-billion yuan (US$450 million) investment in Chinese automaker and rechargeable batteries firm BYD Co Ltd.
China at this point, despite some jitters in the stock markets remained poised to challenge the United States as the world’s top economic superpower. With this, manufacturing in China has seen unprecedented growth but will this economic fairytale sustain? Story contributed by Exxon Mobil.
A Memorandum of Understanding (MoU) was signed between Deutsche Bahn (DB) and Georgian to begin developing a new Silk Road rail link between China and Europe.
Midas Holdings' joint venture company CRRC Nanjing Puzhen Rail Transport (NPRT) has secured four contracts with a cumulative value of ¥3.3 billion (US$501 million) in China for the supply of metro trains and trams.
China’s second- and sixth-largest steelmakers by output have entered restructuring talks and are planning to merge as the industry faces a global steel glut that has plummeted steel prices worldwide.
Sentiment in China’s steel market collapsed to a 16-month low, with most market participants expecting new steel orders and prices to weaken further over the next month, according to the latest S&P Global Platts China Steel Sentiment Index (CSSI) for June, which showed a headline reading of just 15.92 out of a possible 100 points.
Ford Motor is in talks with China’s Changan Automobile Group to produce the brand’s Lincoln series in Chongqing as it aims to make the country its top market for the luxury line, Bloomberg reports.
AirAsia, one of the biggest budget carriers in Southeast Asia, is looking to add five aircrafts this year and as many as 10 more in 2017. The airline plans to tap demand in a region that is projected to surpass the US as the world’s biggest air-travel market in two decades, a demand that is led by China.
China plans to support a few key manufacturing projects through 2018 to upgrade its manufacturing sector, a notice by the National Development and Reform Commission (NDRC) said.
