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Changan Ford Mazda to sell imported Mazda3 carsPublished: 29 Jul 2009 18:22:24 PSTShanghai, July 29 (Gasgoo.com) Starting next month, Changan Ford Mazda, rather than FAW Mazda, will sell the imported Mazda3 hatchback in the Chinese market, said Sinocast yesterday, citing a dealer of FAW Mazda.By all indications, Japanese carmaker Mazda Motor Corp seems to have struck a balance between its two joint ventures in China — Changan Ford Mazda Automobile Co., Ltd. and FAW Mazda Motor Sales Co., Ltd. The imported Mazda3 hatchbackhas beenbeen sold by FAW Mazda, while Changan Ford Mazda sells the home-made Mazda3 sedan. The Mazda3 dealerships of FAW Mazda will be shut down in late August when the model shifts to the sales network of Changan Ford Mazda.Full Story弹簧 miniature bearings kitchen cabinets アラド戦記 RMT 联轴器
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Hembly Int’l buys garbage power firm for HK$1.16 blnPublished: 24 Sep 2009 18:02:38 PSTTop 5 News From ChinaKnowledge.comAirbus to hand over 80 aircraft to China this yearChina Telecom to offer one-way charging servicesJPMorgan Chase cuts stake in Bank of ChinaChina Everbright Int’l to sell 480 mln sharesCIC in talks with IDB on US$1 bln co-financing: reportSep. 25, 2009 (China Knowledge) – Hembly International Holdings Ltd<3989>, which provides apparel supply chain services and is headquartered in Hong Kong, yesterday announced that it has acquired Smartview Investment Holdings Ltd for HK$1.16 billion, sources reported. Smartview Investment, which is engaged in the research and development of garbage power mainly in China, reaped HK$83.19 million in operating revenue and realized HK$14.67 million in after-tax profit last year. Bright King, one of the three sellers of Smartview Investment, has a 30.37% stake in Hembly International, while another seller, Simple Success, holds a 10% stake in a firm belonging to Hembly International. Hembly International has marketing arms in Italy, France, Sweden and Germany and has operation arms in Chinese cities including Nanjing, Yangzhou, Shenzhen, Shanghai, Beijing and Macao.Yesterday, the Hong Kong-listed firm resumed trading and soared 70.41% to HK$1.67 at midday.Copyright © 2009 http://www.chinaknowledge.com弹簧 skateboard bearings kitchen cabinets wholesale 自清洗过滤器 古镇
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Jointown targets RMB 22-bln revenue, mulls IPOPublished: 22 Dec 2009 01:33:15 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketDec. 22, 2009 (China Knowledge) – Jointown Pharmaceutical Group Co Ltd, based in Hubei Province, aims to reap RMB 22 billion in sales revenue this year, an amount less than the predicted revenue of two other Chinese pharmaceutical giants, Sinopharm Group Co Ltd<1099> and Shanghai Pharmaceutical Co Ltd<600849>, sources reported. Gu Chunguang, CTO of Jointown Pharmaceutical, said that medicine consumption in hospitals accounts for around 80% of the Chinese medicine market, so the firm will need to begin competing for a share of sales to hospitals. Gu added that the company is considering listing on the A share market next year. According to the company’s website, the enterprise, which develops drugs and sells medicine and medical appliances online, on Dec. 18 began building a pharmaceutical logistics center in Shanghai. The center, which will cost RMB 300 million and will be put into operation in 2011, will have an area of 64.5 Mu and will have a floor area of 56,000 square meters in the initial stage. Reportedly, Jointown Pharmaceutical intends to invest RMB 1 billion to set up an industrial park in Dongxihu District, Wuhan, Hubei Province. The 400-Mu park will start construction in January 2010 and will be completed within three years.Copyright © 2009 http://www.chinaknowledge.com弹簧 弹簧 bathroom vanities 激光打标机 江南古镇
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A Research Report on the Change in Global Auto Industry (XII)Published: 29 Jul 2009 18:29:21 PSTPart Three. Analysis of the impact of the change on players in the Chinese market1. Global automakers will pay more attention to the Chinese market ①The domestic Chinese market will be getting more fiercely competitive, as the financial crisis has urged global carmakers to pay more attention to the Chinese market, and they have very different urgent needs for enhancing their investment in China.Since the financial crisis, China’s auto market has shown strong performance. According to statistics from China Association of Automobile Manufacturers (CAAM), the monthly sales by June this year in China’s auto market had exceeded one million units for four consecutive months, and China has overtaken the United States as world’s largest auto market for six straight months. Automakers are more optimistic about China’s long-term potential. Judging by the Chinese government’s stimulus measures for the auto market and by the continued growth of China’s GDP, the world’s most populous country’s per capita vehicle ownership rates will further increase and car sales in China will finally exceed 20 million units to really become the world’s largest auto market. In addition, because the Chinese market is different from Japan, South Korea and other East Asian countries, and is getting even more open than the U.S. market, global brands of passenger cars in China nearly account for 70% market share in the world. Any strong automaker still has the opportunity to get some share of the Chinese market. Although the Chinese market is one of the world’s most competitive markets, it remains to be an emerging market as it is still growing continually. Therefore, multinational auto companies will surely pay more attention to the Chinese market. ② Different companies have different urgency of investment in the Chinese market, and the future competitiveness of the domestic market will be increasingly fierce.Global automakers have all realized the importance of the Chinese market, but not each of them will see China as their strategic priority market. Full Storylithium battery 弹簧 kitchen accessories ドラゴンネスト rmt 古城
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The Next Auto ShakeoutPublished: 06 Aug 2009 19:06:07 PSTLet’s play a guessing game: Which foreign carmakers or brands might close up shop in America and go home? It happens, of course. Last year Isuzu of Japan announced it was giving up its consumer vehicle business here, which had been shrinking over the years anyway. Long ago another Japanese maker, Daihatsu, went home.More From Forbes.com: The Most Appealing 2009 Cars America’s Best Auto DealershipsThe Truth About Detroit’s BankruptciesDeclining Auto Demand Dings SteelmakersClosing NUMMI Is Easy For ToyotaWe know that the Detroit companies, Chrysler and General Motors, which went into bankruptcy to save themselves and live on government money are in danger of folding–but as long as those government billions flow, they live. But what about the foreign companies? Sales at some have fallen so sharply that they are endangered. Understand, everyone is hurting but there may be a point for some where the losses are too great and the hopes for success too small. I’m not including the luxury carmakers–Maserati of Italy, part of Fiat (593 sale in six months); Porsche (9,659 sales in six months); Jaguar (6,134) and Land Rover (12,052) or Aston Martin or Lamborghini and the like. We can just double those figures and get an approximation of what their full-year sales will be. But luxury carmakers tend to stay whatever the volume, although some have been terribly hurt.The two most endangered at this moment seem to be Mitsubishi and Suzuki of Japan. Mitsubishi has reported only 26,467 car/SUV/truck sales in six months, so it looks like 50,000 or so for the year. I can remember when Mitsubishi delivered 300,000 vehicles in a year. Worse, there’s a Mitsubishi factory in Illinois, which has turned out only 5,300 cars in six months. I couldn’t even imagine the losses this is running up.Suzuki has 22,408 sales in six months. There’s a factory in Canada, a joint venture with GM, but they shut down the Suzuki production this year. They aren’t building any. Is there a problem with the cars? They may not be outstanding but they aren’t terrible. The hot versions of Mitsubishi’s Lancer are favorites of the pedal-to-the-metal set. Consumer Reports recommends one model each of Mitsubishi and Suzuki. So what’s their problem? Mitsubishi never recovered from a disastrous attempt to grow sales with what was a ”subprime mortgage stunt.” They ”sold” cars to people who couldn’t afford them and didn’t even have the money for a down payment.Suzuki makes small cars and while you might think that should be good today, they just may be too small for this market. This year Suzuki’s also been hit particularly hard by a lack of dealer financing. How long can these two afford to stay here? It really doesn’t do any good to ask an auto company if it is going to close down. Every dealer seems to have a son-in-law who is a lawyer, and let a company abandon the market and there’s a lawsuit. The usual technique, seen since Studebaker went down in the 1964, is to slow down, offer fewer models and let the business disappear, and finally announce that it’s done its best but there’s just no business.Two others on the endangered list are Swedish Saab and Volvo, which is particularly sad. Saab sales were down to 5,000 in the first half. Personally, I love Saabs. Consumer Reports recommends both cars (the 9-3 and 9-5). But Saab was bought by GM, probably the worst thing that can happen to a car company–except to be bought by Ford, which is even worse. Saab has been sold to a Swedish carmaker but survival still is a question. Volvo is even sadder. I believe Volvo makes some of the finest cars sold here–strong, safe, powerful–but Ford bought it and has never been able grow the business. Sales in the U.S. were just under 30,000 for the first half. Ford is trying to sell Volvo工作流 除湿机 ready to assemble kitchen cabinets RTA cabinets 浙江旅游
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Haitong to buy TaifookPublished: 15 Nov 2009 11:02:01 PSTHaitong Securities has agreed to buy NWS Holdings’ 62 percent stake in Taifook Securities, a source told Reuters Saturday, in a deal valuing Taifook at $454 million.The source said Haitong Securities would pay about HK$5 ($0.65) per share for the NWS stake, valuing Taifook at about HK$3.5 billion ($454 million). Following the purchase, it intends to make an offer for all remaining Taifook shares.Haitong will buy the stake through a Hong Kong subsidiary. Earlier reports indicated that China Construction Bank may be the buyer.Global Times/Agencies Explore the World, Understand China!Please log on http://www.gloaltimes.cnlithium batteries 弹簧 rta kitchen cabinets cheap kitchen cabinets passenger elevator
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True to Her DreamsPublished: 26 Sep 2009 18:42:37 PSTTHE MAESTRO: Zheng Xiaoying, founder of the Xiamen Philharmonic Orchestra, conducts musicians as they play The Echoes of Hakka Earth Buildings in Berlin on April 18, 2007 BAN WEIChina’s first female orchestra conductor, 80-year-old Zheng Xiaoying, says that her music career has only recently reached its pinnacle. In 1998, Zheng settled in the coastal city of Xiamen, south China’s Fujian Province, and founded the Xiamen Philharmonic Orchestra, the only one in the country not funded by the government. Under Zheng’s guiding hand, the orchestra has achieved worldwide recognition as one of China’s leading classical music groups.”The years in Xiamen are the happiest time in my life since I have realized my dreams. My music career without doubt is climaxing in Xiamen,” said Zheng, who was the chief conductor of the China National Opera House until 1997.Despite being an internationally acclaimed conductor, Zheng did not receive formal music training until she was 23. She quit a women’s university in Nanjing, Jiangsu Province, against her parents’ wishes at the age of 19 and joined the Communist Party of China’s army. There she was recruited to be part of a performing troupe in 1948. It was in this troupe that Zheng first showed her musical talent and picked up the baton.”I was chosen to be a chorus conductor after the troupe director learned that, unlike most singers, I could play piano and read music,” said Zheng.She also taught herself to play several instruments. It was not long before she was promoted to be the conductor of the performing troupe’s ensemble.Although Zheng had no teacher in the troupe, she said her experience there profoundly influenced her conducting style.She enrolled in the Central Conservatory of Music’s Composition Department in 1952. In 1955, she finally had the chance to learn professional conducting after the conservatory sent her to attend a special course taught by prestigious Soviet conductors.”I was the only female student in the class,” said Zheng, who became China’s first professionally trained female music director.She worked as a teacher in China’s Central Conservatory of Music in 1956. In 1960 she studied conducting at the internationally renowned Moscow P. I. Tchaikovsky Conservatory. On October 1, 1961, she conducted her first orchestra concert in Moscow, which she dedicated to the 12th anniversary of the founding of the People’s Republic of China.Ebb and flowZheng returned to China to continue her teaching career at the Central Conservatory of Music in 1963. It was not long before she was forced to abandon her beloved career in classical music when the ”cultural revolution” (1966-76) started, during which time the teaching and performance of classical music was forbidden across the nation.”I was sent to work at a Peking opera ensemble. I felt pain and desperation since I thought I would be forced to leave the conductor’s podium of orchestras and operas forever,” she said.But she later began making the best of her new job and started studying music used in China’s traditional operas.”I learned a lot about China’s traditional operas during that period,” she said.After the ”cultural revolution” ended, Zheng started to work at the China National Opera House, only to find that classical music was not revitalizing as smoothly as she expected. The rise of pop music in the 1980s saw many of her colleagues begin to moonlight as pop singers for the good money the job offered. Opera houses, meanwhile, fell apart over the next two decades, she said.To reverse the decline of classical music, Zheng, cellist Situ Zhiwen and violinist Zhu Li launched China’s first female philharmonic orchestra in 1989. More than 70 volunteer musicians performed over 300 concerts with the orchestra for uv灯 宁波旅游 kitchen cabinetry solid wood kitchen cabinets elevator manufacturer
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Hang Seng Index opens 220 points lower on WedPublished: 28 Jul 2009 18:54:01 PSTTop 5 News From ChinaKnowledge.comBYD aims to sell 700,000 vehicles in 2010Chinese stocks open 0.53% lower on WedDHL opens domestic transportation hub in WuhanIKEA to set up Asian flagship store in BeijingCitibank China approved to open branch in ChongqingJul. 29, 2009 (China Knowledge) – Hong Kong stocks fell on Wednesday morning, with the benchmark Hang Seng Index opening 220 points lower at 20,405.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, opened 188 points lower at 12,236. BYD Company Ltd<1211> remained unchanged at HK$43.8. Great Wall Motor Co Ltd<2333> rose 1.5% and opened at HK$9.01. Copyright © 2009 http://www.chinaknowledge.com减速机 烘箱 kitchen cabinets online デカロン rmt dental bearings
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Cheung Kong Infrastructure to spend HK$13-bln on acquisitionsPublished: 14 May 2009 22:52:31 PSTTop 5 News From ChinaKnowledge.comJPMorgan sells 10.43 mln shares in ChalcoToyota reports 17% decline in China Q1 salesGreenland Group acquires Shanghai land for RMB 1.2 blnSamsung to bring 15 3G handset models to ChinaHang Seng Index opens 277.12 points higher on FriMay 15, 2009 (China Knowledge) – Cheung Kong Infrastructure Holdings Ltd (CKI)<1038>, which is engaged in the development, investment and operation of infrastructure businesses, plans to spend HK$13 billion on acquisitions, sources reported.Li Tzar-kuoi, president of the Hong Kong-based company, said on May 14 that the firm will expand principally in domestic and international locations where CKI already has investments, such as Hong Kong, mainland China, Australia, New Zealand, the United Kingdom, Canada and Philippines. The enterprise, however, currently has no specific timetable for any deals. At the beginning of last month, CKI signed an agreement to acquire up to HK$2.2 billion in debt securities from its parent, Hutchison Whampoa Ltd<0013>. Li Tzar-kuoi noted that whether CKI will purchase government securities or not is up to the returns. Li added that foreign exchange losses will probably be lower than the HK$631 million recorded at the end of last year due to the lower Japanese yen. Reportedly, the operating revenue of CKI totaled HK$2.45 billion in 2009, up 31% year on year. Copyright © 2009 http://www.chinaknowledge.com风机箱 烘箱 moe rmt パンドラサーガ rmt 信長 rmt
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Changhong Network wins bid for 580,000 IPTV set-top boxesPublished: 15 Jan 2009 02:14:50 PSTJan. 14, 2009 (China Knowledge) – Sichuan Changhong Network Technologies Co Ltd, a subsidiary of Sichuan Changhong Electric Co Ltd<600839>, won the bid to supply more than 580,000 units of IPTV set-top boxes valued at over RMB 200 million to residents in rural and remote areas, sources reported.From 2006 to 2010, the Chinese government will set aside RMB 3.4 billion for purchasing equipments for the direct broadcast satellite (DBS). About RMB 1.4 billion will be invested at the first stage of the plan and the remaining RMB 2 billion will be used between 2009 and 2010. Changhong has complete after-sales service network and will be able to provide excellent services for the rural residents, said Yang Dongming, Sichuan Changhong Network Technologies’ general manager. Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News香港花店 エルソード rmt デモンズコード rmt タルタロス rmt tw rmt
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Why is kung fu so popular in China?Published: 21 Jun 2009 22:07:13 PSTBy Wu Si illustration: Liu RuiChinese wuxia (kung fu) stories are world famous. They are called fairytales for adults. The novels of Louis Cha, known to most by his penname Jin Yong, all of which are adapted onto the big and small screens, are the most popular among them. What does our addiction to Jin say about us and our society?Jin’s kung fu world is full of imagination, the core of which is the extraordinary ability to defend oneself and harm others.Of course, having this ability doesn’t necessarily mean that you should harm people. A true warrior (xia, a righteous and chivalrous kung fu master) doesn’t abuse his/her extraordinary force, but protects the weak and sticks up for justice.Want to become such a warrior? It comes with a few benefits.First, ordinary people like you and me can become one of the kung fu masters. You don’t need a special family background or superb talent. No need for hard work; a couple of encounters can give you the kung fu that takes others decades of practice.Once you become one of them, you’d win over beautiful women.Your name becomes renowned and respected in jianghu (the world created in kung fu novels). You can live on the name without a day’s work. No need to worry about livelihood or the errands of daily life.Last but not least, you are above the law. A warrior can kill thousands without getting onto the wanted list. No curfews, no IDs or hukou. No need to register when checking into hotels.Actually I’d be satisfied with just one or two of these privileges.Of course we understand the difficulties of upholding justice. In contemporary society, it takes the prosecutors, attorneys and judges lots of time, effort and resources just to keep the system acceptable. The notion of kung fu master, who can distinguish right from wrong in a short time and uphold fairness and justice with violence, is of course a myth. But myths make the most convenient stories. They play into our fantasies of conjuring up justice, like fairies without trouble or price.You see, our daydream turns out to be like a lazy but righteous man’s fantasy of wealth.Why is that? Think about it. Who possesses the power that protects him from danger and allows him to do whatever he wants? Who is wealthy and privileged and has beautiful women all around? Who is in the position to uphold justice and obtain legal and legislative power through violence?Only one person in Chinese history: the emperor. An emperor’s life is probably the happiest secular life imaginable to the Chinese people. But Jin created a role even better than the emperor, the xia.An emperor is not completely free, but a xia is. He has no obligations and can enjoy life as much as he wants. Nothing restrains him, except his own heart.So in a word, the dream of xia is Chinese men’s dream of becoming the emperor.There’s nothing wrong with such dreams. In those dreams are the shared fantasies and longings of mankind. They are simple, childish and even self-contradictory. But that’s what we love about them: the simplicity, the childishness and the contradiction.Why is kung fu fiction especially popular in China? Besides our fantasies, our social atmosphere seems also particularly suitable for this genre.Chinese people have discovered in their long history the secret to everything: the barrel of a gun – it brings about political power, wealth, respect, women, success, everything. To fantasize about kung fu is to fantasize about the gun, or the mighty capability to harm.We can compare our dreams with those of people in other societies and times. Men in the West, for instance, probably don’t dream about becoming xia, but billionaires.Their fantasies stem from literature such alithium battery アトランティカ rmt リネージュ rmt 新天上碑 rmt ルーセントハート rmt
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China Eastern’s parent realizes profit in H1Published: 26 Jul 2009 23:36:31 PSTTop 5 News From ChinaKnowledge.comBaidu’s revenue jumps 37% to RMB 1.1 bln in Q2Asus unveils motherboards with USB 3.0 portsHang Seng Index opens 188 points higher on MonThree PE firms to buy a 10% stake in China UnionPayBeijing Capital Land’s H1 contracted sales revenue skyrocketsJul. 27, 2009 (China Knowledge) – State-owned China Eastern Air Holding Co, the parent of China Eastern Airlines Ltd<600115><0670><CEA>, realized profit in the first half of this year as the company improved management and cut costs, the Shanghai Securities News reported on Monday.The company adopted as many as 256 cost-cutting measures, which included changes to its investment structure, its flight routes and its cost structure, achieving savings of 12% or RMB 113 million in the period.Moreover, the company also made progress towards restructuring in the first half. In May, China Eastern signed a strategic cooperation framework with the Yunnan provincial government to set up a joint venture in the province. In June, China Eastern and Shanghai Airlines Co Ltd<600591> agreed on major merger issues, and the merger is proceeding smoothly, according to the report. China Eastern posted a net loss of RMB 212.5 million for the first half of 2008 and RMB 15.3 billion for the full year. Liu Shaoyong, chairman of China Eastern, said the carrier will continue to reduce its losses if no other difficulties emerge. Copyright © 2009 http://www.chinaknowledge.comlithium batteries ff14 rmt ff11 rmt 3d wall panel in stock kitchen cabinets
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Skyworth shares soar on strong interim resultsPublished: 03 Dec 2009 01:13:45 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketDec. 3, 2009 (China Knowledge) – Skyworth Digital Holdings<0751>, one of the top three TV manufacturers in China, announced that its net profit of the six months ended Sep. 30 amounted to RMB 573 million, compared with RMB 91 million recorded in the same period last year. According to the interim report, turnover of the Hong Kong-listed company increased 35.7% from a year ago to HK$10.01 billion, of which 89.7% were contributed by the Chinese market. Sales of TV products and digital set-top boxes accounted for 90.1% and 8.2% of the company’s total turnover.Basic earnings per share were RMB 24.83. The company also declared an interim dividend of 8 HK cents. The leading industrial skills, excellent product mix, nationwide distribution channels and flexible marketing strategies are the main reasons for the robust growth during the period, said the company.Shares of Skyworth surged 6.31% to close at RMB 7.92 on Thursday.Copyright © 2009 http://www.chinaknowledge.comlithium battery aion rmt wizardry rmt car sun shades iris rmt
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China Feb diesel exports soar 1,838 pct -customsPublished: 15 Mar 2009 18:48:56 PST BEIJING, March 16 – China’s diesel exports soared1,838 percent from a year earlier to 330,000 tonnes in Februraryafter rising 496 percent in January, preliminary data from theGeneral Administration of Customs showed on Monday. The volume was far higher than the 200,000 tonnes thattraders had expected. Gasoline exports in February rose 122 percent to about290,000 tonnes after surging 242.7 percent in January, nearlytwice the 150,000 tonnes expected by the market. Fuel oil imports increased 33 percent to 2.3 million tonneslast month, the data showed. lithium batteries ラテール rmt CNC Machining car sun shades エバープラネット rmt
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AVIC rolls out Silver 900 with VolvoPublished: 30 Sep 2009 00:50:16 PSTTop 5 News From ChinaKnowledge.comChina Star sees surging turnover in H1TSMC to produce Intel Atom processor, graphics chipsShares of Peak Sport plunge 17.07% on HK debutWynn Resorts may start building Macau casino next yearShunfa Hengye buys land in Hangzhou for RMB 434 mlnSep. 30, 2009 (China Knowledge) – Aviation Industry Corporation of China, the country’s top aircraft manufacturer, recently held a ceremony for its new passenger vehicle produced in partnership with Volvo, the official Xinhua News Agency reported.The Silver 900 series was developed by Xi’an Silver Bus Corp, a joint venture between AVIC Xi’an Aircraft Industry Co Ltd and the Swedish bus and truck maker Volvo. The big and luxurious passenger vehicle is 12 meters long and can be used for both civil and military purposes.AVIC expects that total sales revenue from its auto segment could reach RMB 30 billion by 2017, said Geng Ruguang, deputy general manager of the company, adding that manufacturing big passenger vehicles has become AVIC’s guiding plan for the development of its auto business.On Sep. 23, AVIC signed a framework agreement with France-based Safran Group to establish new production facilities in China and to cooperate on design, production and assembly.Copyright © 2009 http://www.chinaknowledge.com弹簧 マビノギ rmt 冷风机 外汇交易 ドラゴニカ rmt
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UPDATE 1-SAIC Motor H1 net falls 26 pct, but outlook solidPublished: 26 Aug 2009 05:06:21 PST* H1 net profit falls 26 pct on Ssangyong provision* Full-year outlook solid on sales growth, low year-ago base (Add details, analysts comments)SHANGHAI, Aug 26 – SAIC Motor Corp, China’s biggest automaker, posted a 26.4 percent fall in first half earnings on provisions for its loss-making South Korean unit but was cautiously optimistic for the rest of the year as government policy initiatives bolstered automobile demand.SAIC, which runs vehicle manufacturing ventures with General Motors and Volkswagen, said on Wednesday it earned 1.45 billion yuan during the six-month period, compared with 1.97 billion yuan a year earlier.Analysts said the results were skewed by a 1.18 billion yuan write-off for its loss-making subsidiary Ssangyong Motor, which has been in court receivership since February.The auto maker was forecast to make a 2.95 billion yuan net profit in the period, presuming no Ssangyong write-off, according to four analysts polled by Reuters. Subtracting the write-off, the forecast would have called for a profit of 1.77 billion yuan.SAIC did not provide earnings guidance for the rest of the year but said the market situation was generally favourable despite uncertainties, including an insufficiently solid foundation for the country’s economic recovery.Analysts were more upbeat about its full-year outlook, given robust auto demand and a low comparative base in 2008, when the automaker was bogged down by a 3.08 billion yuan write-off for the South Korean sport utility vehicle maker.”Ssangyong is really a headache for SAIC. But its exposure to Ssangyong this year will be much less as the bulk of it was taken care of last year,” said Qin Xuwen, an industry analyst with Orient Securities.GOVERNMENT SUPPORTSAIC’s net profit for the second quarter came to 819 million yuan, up 13 percent from 725 million yuan a year ago, according to calculations from half-year and first-quarter figures.China’s auto market, which overtook the United States as the world’s largest in January, has been a leading bright spot in the struggling global auto industry as government policy support spurs a pick-up in demand.SAIC and its foreign partners have benefited significantly from the incentives, including a 50 percent cut in the sales tax on small cars, as well as subsidies for rural vehicle owners who trade in gas guzzlers for fuel-efficient models.From January to June, SAIC sold 1.23 million vehicles, up 23.7 percent from a year earlier. Its share of the domestic market came to 20.1 percent, up 1.8 percentage points year-on-year, it said.Sales of its own-brand Roewe and MG cars jumped 276 percent to more than 40,000 units, it said.For all of 2009, it may sell more than 2 million vehicles, beating a conservative target of 1.8 million set at the start of the year, SAIC Chairman Hu Maoyuan said in June.Turnover rose 6.85 percent in the first half to 61.59 billion yuan, or 52 percent of the full-year goal of 119.4 billion yuan.Ssangyong was a major setback for SAIC, which may eventually lose its majority shareholding in its 51.33 percent-owned unit, according to a Ssangyong executive who asked not to be identified because of the sensitivity of the issue..Earlier this month, Ssangyong workers ended a more than two-month violent protest and agreed to big lay-offs, but the outlook for the South Korean SUV maker remains murky amid uncertainties facing the struggling global industry.SAIC’s Shanghai-traded shares surged 8.55 percent to 18.66 yuan on Wednesday before the earnings announcement, outperforming a 1.78 percent gain in the benchmark index. They have risen nearly 250 percent so far this year, compared with a roughly 63 percent rise激光切割机 レッドストーン rmt 负压风机 北京翻译公司 ドラゴナ RMT
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CCB eyes TaiwanPublished: 18 Nov 2009 14:02:01 PSTChina Construction Bank is interested in tapping the Taiwan market, through either acquisitions or the establishment of its own branches, its chairman Guo Shuqing said, disclosing no specific plans.He added that he wanted to know more details about the memorandum of understanding (MOU) signed Monday between the Chinese mainland and Taiwan before a decision is made.The MOU is expected to pave the way for banks on both sides to invest in each other.Reuters Explore the World, Understand China!Please log on http://www.gloaltimes.cn热处理设备 リネージュ2 rmt subcloning uv机
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China Communications Services’ net profit up 33% in H1Published: 01 Sep 2009 01:24:05 PSTTop 5 News From ChinaKnowledge.comGeely makes official offer for Ford’s Volvo unitBoCom eyes 60% rise in assets under managementHome Inns mulls Taiwan expansion plan: reportSharp, CEC to set up 8th-generation LCD panel plant in ChinaChina’s NDRC to subsidize loans for raw material importsSep. 1, 2009 (China Knowledge) – China Communications Services Corp Ltd<0552>, a subsidiary company of China Telecom Corp Ltd<0728><CHA>, Tuesday said its first-half net profit attributable to shareholders grew 33% from RMB 569 million a year earlier to RMB 758 million.In the first half, the company saw rapid growth in both revenue and profits thanks to its effective business strategies and the opportunities brought by the increase in network investments by domestic telecom operators after obtaining 3G licenses, said Chairman Li Ping. The company’s revenues increased 31.7% from a year earlier to RMB 18.26 billion during the period. Revenue from telecommunications infrastructure services was RMB 8.77 billion, an increase of 48.8% from a year earlier, accounting for 48% of total revenues.Revenue from the top three telecom operator customers jumped 44.5% year on year to RMB 11.56 billion. For the second half of the year, the company will continue to focus on the operator market to solidify its industry leading position, and will also develop the markets of government agencies and corporate customers as well as overseas markets, to achieve further breakthrough.Copyright © 2009 http://www.chinaknowledge.comedda rmt cabal rmt メイプル RMT car sun shades
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The Arab World Rediscovers ChinaPublished: 20 May 2009 17:42:40 PSTAuthor: Ben Simpfendorfer HONG KONG — Below is the first of four excerpts from ”The New Silk Road,” by Ben Simpfendorfer, reproduced with the permission of Palgrave Macmillan. More From Forbes.com: In Pictures: Billionaire Breakups In Pictures: Billionaire Heiresses To Watch In Pictures: Billionaire Clusters In Pictures: Millionaires Who Will Become Billionaires In Pictures: Bailout Billionaires Yiwu is a small city by Chinese standards. It has fewer than a million people and lies in the shadow of its wealthy neighbors, Shanghai and Wenzhou, to its north. But Yiwu is special. It claims the world’s largest wholesale market for consumer goods and is a Mecca for foreign traders. I had heard about the market from a Syrian trader, having asked him if there were many Arab traders in the city. He laughed and replied, ”Not many Arab traders. All Arab traders are in Yiwu.” Intrigued, I decided to find out for myself. It was winter when I arrived and the city was gripped by a chill wind. I hustled out of the small airport into the warmth of a taxi. We sped along a newly built freeway to the city’s outskirts. From the outside, the exhibition hall looks like a large American mall. But, from the inside, it looks like a riotous collision of every retail shop, city market, and roadside stall in the world.It was the Arab traders who first discovered Yiwu shortly after September 2001. These traders had found it increasingly difficult to travel to America due to visa restrictions. There were anecdotal stories of traders detained at customs when their names mistakenly matched those on a ”terror watch list.” The number of Arabs traveling to the United States stood at over 250,000 in 2000. By 2007, the figure had fallen to 170,000. The average American household might feel safer knowing that Arab visitors are less likely to visit Atlanta or Chicago. But the world has changed. Arab traders might have stayed at home when faced with visa restrictions; today, they travel to Yiwu, China.China was a timely alternative. The country entered the World Trade Organization in December 2001. Its exports of consumer goods were rocketing at 30 percent annual growth. North Asian manufacturers were also outsourcing huge amounts of production to mainland China. But the real masterstroke was Beijing’s unofficial decision to relax visa restrictions around the same time as the events of September 2001. There was no explicit change in policy, but Beijing was increasingly eager to attract foreign investors and foreign dollars. The Chinese embassy in Egypt claims to issue visas to Egyptian nationals overnight, whereas it takes the average Egyptian eighteen days to apply and receive an American visa. Indeed, most Arab traders I spoke claimed to have received their visas in less than twenty-four hours. China is open for business.The results of this are most evident in Yiwu where Arab traders are a common sight on the city’s streets. The city had just three Arabic restaurants in 2004. But the number jumped to nearly twenty by 2008. No other city in China, including Beijing and Shanghai, could match the figure. In this small Chinese coastal city a trader can eat anything from Lebanese tabouli to Egyptian koshari. I spoke with one of the restaurant owners, ”We opened one of the first Arabic restaurants in the city,” he said. ”But it’s all changed since then.” He pulled on his cigarette, ”So many Arabs have turned up in the past few years. It’s unbelievable. The number of Arabic restaurants in this street has tripled in the past year. But there are still more Arab traders than restaurants, so it’s good for business. I’m not complaining.”eco rmt ro rmt protein expression Aloe vera
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Mazada raises stake in China sales JV to 40%Published: 03 May 2009 23:49:34 PSTTop 5 News From ChinaKnowledge.comBYD Electronic to buy handset charger business from BYD1st home-grown jumbo jet to take maiden flight in 2014Hang Seng Index opens 348 points higher on MonChina’s CGNPC, Kazakhstan sign nuclear power agreementHang Seng Index finishes 4.18% higher at middayMay. 4, 2009 (China Knowledge) – Japanese automobile maker Mazada Motor Corp said on Thursday it has raised its shareholding in its Chinese sales company FAW-Mazada Motor Sales Corp to 40% from 25%, in a bid to expand vehicles sales and its dealer network.Mazada said in a statement that it has spent RMB 49.5 million for the share purchase and its investment increased the joint venture’s registered capital to RMB 125 million from RMB 100 million.After the transaction, the remaining 60% stake in the sales company will go to China’s FAW Group Corp and FAW Car Co Ltd<000800>, Mazada’s Chinese partners.Mazada hit record monthly sales of 37,217 units in the first quarter of 2009 in China, representing an increase of 22% from a year ago, boosted by the government’s stimulus measures. It aims to sell 170,000 units in the country this year, said the company.Copyright © 2009 http://www.chinaknowledge.com3d wall panels tera rmt Mutagenesis lipo battery

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