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China Mobile, China’s biggest mobile phone operator, announced that its subscriber base grew by 7.1 per cent between January 1 and March 20 to reach 74.59m, Dow Jones reported. The growth rate over the period from September 20 to December 31, 2001 was 9.2 per cent. Revenues over the latest period fell to Yn23.35bn from […]

Dassault Aviation of France has signed a contract with Avic, under which the Chinese company will manufacture parts for350 Falcon business jets. The parts will be delivered to Dassault next May, reported China Daily. Dassault has yet to sell any business jets in China, but the company is interested in increasing its co-operation with local […]

China Eastern Airlines has ordered 20 Airbus SAS A230 aircraft as part of a plan to expand its fleet from 72 to more than 100 by 2005, Bloomberg reported. The company, China’s third largest airline, negotiated a price discount of about 25 per cent, taking advantage of a slump in global demand for aircraft. The […]

Daewoo Motor Co of South Korea announced that its joint venture in Guilin, Guangxi autonomous region, is due to start production of heavy trucks later this year. The rate of production will start at 1,000 units a year and expand to 10,000 units. The joint venture, with Guilin Auto Industry Group, was established eight years […]

German car marker Volkswagen has signed an agreement with its Chinese partner, Shanghai Automotive Industry Corp, extending their joint venture for 20 years from the original expiry date of 2009, AFX news agency reported. China Daily reported that Volkswagen is likely to move its office for Asia-Pacific operations to Beijing from Wolfsburg in Germany. The […]