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BizChina

U.S. agricultural equipment maker AGCO expands market in China

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By David Cao
David Cao
25 November 2009
Hits: 994

AGCO China

AGCO, the world's third biggest agricultural equipment maker, said on Wednesday it would invest 100 million U.S. dollars in China in the next three to five years to boost its presence in the emerging market.

The company will open two factories in China next year, one in the eastern city of Changzhou making low and medium-powered tractors, generators and transmissions and the other in the northeastern Heilongjiang Province producing high-powered tractors, combines and balers.

Read more: U.S. agricultural equipment maker AGCO expands market in China

China plans to promote development of tourism industry

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By David Cao
David Cao
25 November 2009
Hits: 938

China's State Council, the Cabinet, announced Wednesday plans to push forward the development of tourism industry and make it a strategic pillar industry in the national economy.

The government called for improved service and management in the tourism sector, which consumes less resources and generates more job opportunities, according to a statement released after a State Council executive meeting, chaired by Premier Wen Jiabao.

More efforts should be made to improve tourism infrastructure and enhance trainings of personnel in the industry, according to the statement.

The government would lower the market threshold to encourage social capital and enterprises of various ownership to invest in the sector on a fair basis, it said.

It called for collaborative development between tourism sector and the relative industries, including culture, sports, agriculture, industry, forestry, environmental protection and meteorological sector.

The statement also demand more efforts to protect eco-system, indigenous environment and historical and cultural heritage.

China's biggest car maker expects about 30% surge in 2009 sales

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By Xinhua
Xinhua
23 November 2009
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China's leading automotive corporation, the SAIC Group, expects to sell 2.65 million vehicles this year, a roughly 30 percent rise from a year ago, a company official said Monday.

The SAIC Group, or Shanghai Automotive Industry Corporation, sold a total of 2.17 million vehicles in the first ten months this year. "Sales for the whole year will likely hit 2.65 million units, surpassing Suzuki and Fiat to become the world's eighth largest car company," said Group vice chairman Chen Hong.

Chen made the remarks while attending an auto show held in southern Guangzhou city, Guangdong Province. The Group sold about 1.83 million units last year.

Read more: China's biggest car maker expects about 30% surge in 2009 sales

IBM Bets On Beijing

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By Andy Greenberg
Andy Greenberg
23 November 2009
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IBM in China

IBM's energy unit sales chief, Bradley Gammons, and China research head, Thomas Li.

The cameras that watch over hundreds of street intersections in the northeastern Chinese city of Shenyang (pop. 7.2 million) aren't the sort of technology that pleases privacy advocates or taxi drivers. As in many Chinese metropolises, those robotic eyes--often hidden in small black orbs suspended from lampposts--capture license plate numbers of red-light runners and pass the data to transit cops who mail tickets to offenders.

Read more: IBM Bets On Beijing

Volkswagen aims to triple sales in south China

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By David Cao
David Cao
23 November 2009
Hits: 1111

German Auto giant Volkswagen Group has unveiled an ambitious strategy called "Strive to Win" to more than triple its sales in south China from 150,000 units to half a million annually, China Daily reported Monday.

Volkswagen Group China, together with its two joint ventures - Shanghai Volkswagen and FAW-Volkswagen will work to increase market share for the Volkswagen, Audi and Skoda brands, which together had 12 percent of the entire south China market last year, said the newspaper.

To even further boost that share, 20 new or upgraded models from the three brands will be launched from 2010 to 2012, according to Volkswagen Group China.

Enhancements in sales, marketing, services, products and technology will be included in the strategy for south China, which for VW plans includes the provinces of Zhejiang, Jiangxi, Fujian, Guangdong, Hainan and the Guangxi Zhuang Autonomous Region.

To achieve its ambitions target of selling half a million units annually in the region, Volkswagen Group China will attract and retain the top investors to optimize its dealer network in south China to represent its broadened product portfolio, said the newspaper
 

More Articles …

  1. China's natural gas shortage relieved, top economic planner
  2. China is the world's fastest-growing lubricant market
  3. China Can't Kill The Dollar
  4. Guangdong Government: Economy to grow 9% in 2009
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Banking

  • China T-bond move seen safeguarding financial stability
  • RMB expected to stay stable
  • China's policy bank provides 197.3 bln yuan in green loans in Q1
  • China central bank conducts reverse repos to maintain liquidity
  • Former president of China Merchants Bank under investigation

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 Police issues Wanted Poster for 3 suspects affiliated with the U.S. National Security Agency (NSA)
  • China's new efforts for birth rates: Subsidies, services, social shifts
  • China will remove hukou-based marriage registration restrictions nationwide
  • Digital cat promotes eco-friendly items Sichuan China
  • China’s DeepSeek Overshadow an AI Summit in Paris

Manufacturing

  • 2025 Huawei launches latest foldable phone with unusual design
  • Chery Revives the Legend: Electric QQ Aims to Reclaim Glory in the EV Era
  • Cargo drone TP1000 undergoes debut test in Qingdao
  • Xiaomi YU7 SUV Test Car 258 exposed on Weibo
  • EngineAI's Robot Step Into New Era

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