After recently opening two luxury hotels in Shanghai and Chengdu, Wyndham has announced agreements for three new Wyndham Hotels and Resorts properties in Boao, in south China’s Hainan Island province. This is the island where hoteliers met a storm of criticism by massively hiking their rates during the recent holidays. The new properties include the […]
Category: Old Content
Two major chip makers, Advanced Micro Devices (AMD) and Texas Instruments, have announced closer physical ties to China. TI has bought a factory in Chengdu capable of making US$1 billion worth of chips annually with an option to expand. AMD has signed a business agreement with the local authorities in Beijing to make "significant investments" […]
A report has forecast that China’s wind power capacity will increase more than five-fold over the next decade. According to the China Wind Power Outlook 2010 report, total installed wind power capacity will reach at least 150 gigawatts by 2020 compared with 25.8 gigawatts at the end of 2009. The publishers of the report – […]
Categories
China to make stretched B7 Passat
Volkswagen plans to produce a new version of the Passat – the latest incarnation of the long-lived and popular model – and it will be a stretched model to fit in with the way many Passats are used in China if not in the rest of the world. The Passat has been a popular car […]
Categories
Carrefour to control Baolongcang
French retailer Carrefour SA has bought a 51% stake in Baolongcang, owner of 11 hypermarkets based in Hebei province. This adds at least 30 new outlets in China to the Carrefour line. Carrefour did not disclose the financial details of the acquisition but Eric Legros, president and CEO of Carrefour China, said the company is […]