China Economic ReviewToyota announced a joint venture project to build hybrid gasoline-electric vehicles with FAW Group at a plant in northwestern China. Production of Toyota's Prius hybrid cars is expected to begin by the end of 2005, the first time the cars have been made outside of Japan. Neither company gave details about the level of investment […]
The volume of China's oil imports rose almost 40% year-on-year in the first eight months of 2004, state media reported. According to the Xinhua China imported 79.9 million tons of oil between January and August, up 39.9% on last year. The total imports for the year is forecast to reach a record 110 million tons. […]
China's revenue from sales of wireless local area network (WLAN) equipment are expected to grow by at least 33% a year between now and 2008, state media reported. Citing market research from US firm In-Stat/MDR, Xinhua said earnings from WLAN equipment were forecast to hit almost US$160 million by 2008, up from US$54 million this […]
Chinese retail sales hit US$51.5 billion in August, up 13.1% on the same month last year and providing hopeful signs for the government hoping to engineer a soft landing for the economy. The news follows statistics showing that inflation remained at 5.3% in August, a seven year high. The sales figures appear to indicate that […]
China Resources Breweries has agreed to buy three unprofitable Chinese breweries from Australia's Lion Nathan Ltd. China Resources, 49% owned by brewing giant SABMiller plc, is the second largest brewer in China. It will pay Lion Nathan US$71 million and assume about US$83 million in debt for the three breweries located in Jiangsu province. International […]