Manufacturing
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- By David Cao
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A survey published here Wednesday showed that Chinese manufacturers are more optimistic about China's economic development than about the world economy.
About one-third of 2,067 Chinese manufacturers surveyed hold that the country's economy has walked out of "winter" and is already on the track of growth, compared to only 15 percent who said the world economy is back to growth, the survey revealed.
It also found 53 percent of the respondents think the country's economy would maintain the status quo, and yet another 13 percent hold the economy is yet to see worse times.
Survey samples include capital-intensive enterprises in the economically-developed Pearl River Delta and Yangtze River Delta regions as well as those in the central and less-developed western regions of the country. These enterprises are engaged in industries covering telecommunications equipment, electronics, electric and machinery, garment, paper-making and printing.
Read more: Chinese manufacturers optimistic about economic growth
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- By Chinaview
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The gross domestic product (GDP) of China's western regions rose 12.5 percent in the first nine months from a year earlier, China's top economic planner said Thursday.
The growth rate was 4.8 percentage points higher than the national rate, said a statement on the National Development and Reform Commission (NDRC) website.
China launched the "West Development Strategy" in January 2000 to help underdeveloped western regions catch up with the more prosperous eastern regions.
The western regions comprise 12 provinces, autonomous regions and municipality, which have a combined population of about 370 million and account for 71.4 percent of the country's total land area.
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- By David Cao
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Beijing Automotive Industry Holdings Co (BAIC), China's major carmaker, launched a new energy company in Beijing Saturday to produce pure electric and hybrid cars.
The affiliated Beijing New Energy Automotive Company is responsible for the R&D, manufacture and sales of key auto parts, electric cars, hybrid cars and charging systems, according to BAIC.
The company is expected to have an annual output of 20,000 to 40,000 new energy cars in 2011 with its own brand "Beijing."
BAIC displayed a "Beijing" electric car numbered "BE701"at the launching ceremony. The maximum speed of the car is 160 km per hour and it can run 200 km once charged up to its full, which takes one to 10 hours depending on the charging mode.
The "Beijing" electric car costs 12 kilowatt-hour electricity every 100 km. It can save more than 5,000 yuan (732 US dollars) fuel costs every 15,000 km compared with the gasoline-driven cars.
BAIC is expected to have an annual sales revenue of 15 billion yuan from the new energy cars in 2015, accounting for 5 to 10 percent of its total sales revenue.
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- By David Cao
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L-15 05 in the sky
Different models of Hongdu L-15
Hongdu L-15 in maintainence
Hongdu L-15 down view
The Hongdu L-15 Falcon made it's maiden flight in 2006. This advanced trainer is competing for the PLAAF's next generation advanced trainer aircraft programme against the Guizhou JL-9.
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- By David Cao
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China's auto market continued its robust growth in October, with monthly passenger vehicle sales jumped nearly 80 percent year on year to 923,154 units, China Daily reported on Saturday.
But on a month-to-month comparison, passenger vehicle sales in October dropped 8.1 percent from the previous month, according to figures released by China Passenger Car Association.
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