China Economic ReviewDongfeng, China’s second biggest auto group, plans to set up a joint venture with Japan’s Nissan Motor to produce a full range of motor vehicles, including cars, trucks and other passenger vehicles, sources close to the company told Reuters. The venture, to be 50 per cent owned by Nissan, will be based on Dongfeng’s existing […]
Ningbo in Zhejiang province plans to build a 54km bridge across Hangzhou Bay that will shorten road distances to Shanghai and other cities to the north, China Daily said. The sixlane bridge, which will be one of the longest sea-crossing bridges in the world, will cost Yn12bn to build. The coastal city is also planning […]
Transportation's joint venture with Changchun Car Co has received an order valued at US$141m to supply 114 cars to Shenzhen Metro. The cars will form 19 six-car trains for use on phase one of the metro system under construction in Shenzhen. The first train will be manufactured at Bombardier's facility in Germany and the remainder […]
Progress has been reported on several new railway projects in China. The electric line between Chongqing and Huaihua, Hunan province is currently on fast-track construction and has already used up nearly Yn20bn, one-sixth of its total investment, according to Xinhua. The project is one of the government's 10 major infrastructure projects for western development and […]
The Minister of Railways, Fu Zhihuan, said that China would allow foreign companies to set up joint ventures to engage in internal railway freight transport from 2002 as the first step to the complete opening of the business to foreign investors, China Daily said. Chinese firms would hold a majority stake in the ventures in […]