China Economic ReviewToyota Motor of Japan rolled out its first Chinese-made car in October, Reuters reported. The company hopes to reach annual sales 9 of 30,000 of the new model, the four-door Vios sedan. They will be produced under a broad agreement that the Japanese carmaker struck in August with First Automotive Works to produce 300,000 to […]
The Chinese authorities have approved Hyundai Motor's proposed joint venture with Beijing Automotive Industry, the Financial Times said. Hyundai plans to invest US$1.1bn in the plant over the next eight years, building a facility capable of producing 500,000 units annually by 2010. Production of Hyundai's Sonata and Elantra passenger cars at the plant is expected […]
Sohu.com, one of China's three overseaslisted internet portals, announced that three foreign institutions are to lift their collective stake in the company to more than 20 per cent. The institutions are acquiring shares held by an investment entity backed by Beijing University. The UK's Hermes Pensions Management and Martin Currie Investment Management and the US-based […]
Tianjin, China's fourth largest port, is to spend Yn12bn on port infrastructure over the coming decade, said Xinhua. As part of the plan, the city will build a 30 sq km island in the north of the port area and complete a deepwater channel accommodating 150,000- dwt ships by 2005. It will also build an […]
Sinotrans, China's leading company for overland container transportation, is dropping out of the China/Europe service by the end of this year. The surprise move will mean job losses for dozens of staff in northern Europe who work in Sinotrans agencies and third-party port operation businesses. Sinotrans is a vessel-sharing partner on the China/Europe Express service […]