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Auto firms headed for tougher times
By Zheng Lifei (China Daily)
Escalating competition and the specter of deflation are threatening to cut deeply into the profit margins of Chinese automakers, particularly those that specialize in small cars that r...
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Shipbuilding industry to see blue in three years
By Tu Lei (chinadaily.com.cn)
After two or three years' blowout, the Chinese shipbuilding industry will face a real test in 2011-2012, and the situation will be worse during the financial crisis, said a report fro...
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Blueprint of railways development
By Xin Dingding (China Daily)
China has long had plans for laying 120,000 km worth of railways by 2020, but as the global economic slowdown begins to bite, it looks as though the money will be spent faster than pl...
Business News
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Geely faces hurdles in quest for Volvo
By Lan Lan (China Daily)
Financing and technology issues could delay Zhejiang Geely Holding Group, the parent of Geely Automobile, in its plan to acquire the Volvo brand from US automaker Ford Motor Co, said sourc...
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BYD lifts capex by 58% to 10b yuan on expansion push
(Agencies)
Chinese car and battery maker BYD Co, backed by US billionaire investor Warren Buffett, will lift capital expenditure by 58 percent this year, its chairman said, as it embarks on an aggressive expansion...
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Fast train to open a year ahead of schedule
By Xin Dingding (China Daily)
The highly anticipated Beijing-Shanghai high-speed railway will begin operation next year, and is expected to cut travel time to four hours, railway officials said.
The high-...
