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Toyota to cut 50-70% production in China

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By David Cao
David Cao
21 April 2011
Hits: 1371

Toyota China

Toyota Motor Co announced it will cut 50 to 70 percent of production in China, Sina.com reported Thursday.

The production cuts are due to insufficient supply of parts caused by the devastating earthquake and tsunami in Japan. Toyota, the world's largest automaker, said the production cut will last until June 5.

China is the third largest production base for Toyota, with factories mainly located in Tianjin, Guangzhou and Sichuan.

Datang forms wind farm JV in Australia

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By David Cao
David Cao
21 April 2011
Hits: 1726

wind farm

China Datang Corporation Renewable Power Co Ltd will join efforts to establish a joint venture for developing wind farms and other renewable energy resources in Australia, said Datang in a statement published on its website Wednesday.

This joint venture -- AusChina Energy Group -- will be founded by Datang Renewable in cooperation with CBD Energy Limited, an Australian-based company, and Baoding Tianwei Baobian Electric Co Ltd, a company based in north China's Hebei province, according to the statement.

Read more: Datang forms wind farm JV in Australia

Alcatel-Lucent teams up with China Mobile

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By David Cao
David Cao
21 April 2011
Hits: 1652

The telecom equipment maker Alcatel-Lucent said on Wednesday that it has signed a research memorandum with China's biggest telecom carrier, China Mobile Communications Corp, in areas such as the next generation mobile networks and cloud computing.

The partnership will help the French-American telecom gear vendor to be in a better position to profit from the world's most populous mobile telecom market.

Ben Verwaayen, chief executive of Alcatel-Lucent, said the partnership will have a fundamental impact on the company as the focus of the world's telecom market is changing from networks to applications and services.

"The network is becoming more intelligent, not just access and transition but also applications," said Verwaayen in an interview on Wednesday.

Read more: Alcatel-Lucent teams up with China Mobile

China's power consumption up 13.4% in March

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By David Cao
David Cao
14 April 2011
Hits: 1363

China's power consumption rose 13.41 percent year on year in March to 388.8 billion kilowatt hours (kwh), the National Energy Administration (NEA) said Thursday.

Combined electricity use in the first quarter totalled 1.09 trillion kwh, up 12.72 percent from a year earlier, the administration said.

In the first quarter, power use by the primary, or agricultural, industry rose 3.16 percent to 19.5 billion kwh year on year. The use of power by the secondary, or industrial, industry rose 12.31 percent to 802.5 billion kwh. The tertiary, or service, sector consumed 123.6 billion kwh of electricity, up 15.51 percent.

China's power demand could increase by 12 percent to 4.7 trillion kwh this year, said the research institute of the State Grid Corp. of China on Wednesday. The forecast is higher than the NEA's January estimate which said demand could rise 9 percent to 4.5 trillion kwh this year.

China aims to build Xinjiang's capital into int'l trade center

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By David Cao
David Cao
30 March 2011
Hits: 1312

Xinjiang's capital of Urumqi will be built into a "core city" in west China and an "international trade center" of central and west Asia by 2020, local authorities have announced.

The goal was set in an urban development blueprint for Urumqi during the 2011-2020 period, unveiled Tuesday after three years of study.

To achieve this goal, local authorities will build faster and more convenient transportation networks to strengthen links between Urumqi and inland Chinese regions as well as areas in central and west Asia, according to the blueprint.

Local authorities will build a new railway line linking Urumqi with Lanzhou, enlarge the current Urumqi railway station, and build a new airport terminal during the next 10 years, the blueprint said.

Read more: China aims to build Xinjiang's capital into int'l trade center

More Articles …

  1. In Bow to Authors, Baidu Scrubs Document Sharing Site
  2. Lenovo to bite Apple's profit with LePad tablet
  3. China Private jet sales taking off
  4. China's Yuanda, Japan's SBI Plan Hong Kong IPOs
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Page 40 of 126

Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Society

  • China NIA: Average daily inbound and outbound passenger volume to increase 14.1% during Chinese New Year
  • China U23 team's historic breakthrough
  • China's New railway timetable enhanced connectivity nationwide
  • Yiwu's Factory flaw “sad horse" toys go viral on Chinese Internet
  • From plateau to hard drives: documentary tests NAS technology

Manufacturing

  • China-made C919 transports 5 million passengers in past 3 years
  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double
  • World's first methanol dual-fuel VLCC "Kaituo" delivered in Dalian
  • China's superconducting quantum prototype 'Zuchongzhi 3.2' achieves key breakthrough

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