China Economic ReviewFiat’s two automotive joint ventures in Nanjing are among the most highly valued overseas investments in the former Chinese capital and they play an important role in attracting other foreign companies. Anticipating a surge of cheaper imports fuelled by WTO tariff reductions, Chinese automobile manufacturers are cutting prices in a race for market share. The […]
Traffic accidents and overloaded lorries are seriously damaging Shanghai’s bridges, according to a report by China Daily. Each of the three bridges over the Huangpu River, the Nanpu, Yangpu and Xupu, handle more than100,000 vehicles a day, an increase of 10 per cent over last year’s average. One truck carrying 38 tons of freight was […]
Five transport companies in Beijing have agreed to set up a joint venture that will become the biggest taxi company in the city, Beijing Morning Post said. The five include Kowloon Bus of Hong Kong and North China Bus, and the venture will be called North China Bus-Kowloon. It will remodel North China Bus’s existing […]
China produced 1.049m vehicles in the first four months of this year, 23.1 per cent more than in the same period of last year, according to the National Bureau of Statistics. Passenger car output totalled 267,900, a yearon- year increase of 27.6 per cent. The China Association of Automobile Manufacturers reported that sales of domestically […]
DaimlerChrysler has decided to extend its joint venture with Beijing Jeep for another 30 years, the Financial Times said. The USGerman auto giant intends to invest around US$226m over coming years to finance the production of a series of new models. Plans are also well advanced to secure a licence from the Chinese government to […]