10 Updates

GM's Planned Plant Stakes Out China's West

Source: CNBC, Nov 28 2012, 3:15pm CST

GM [GM Loading... () ], SAIC Motor and Wuling Motors said they will begin construction of the plant early next year, pending government approvals. The 6.6 billion Chinese yuan ($1.06 billion) first phase is scheduled to start in 2015. General Moto ...

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Update
10

9 minutes ago

China to issue 26b yuan in two-year T-bonds

Source: China Daily  |   May 24 2013, 5:45am CDT

BEIJING - The Ministry of Finance (MOF) said Friday that it will sell 26 billion yuan ($4.2 billion) in two-year book-entry treasury bonds. The issuance marks the ministry's 12th issuance of book-entry treasury bonds this year, the ministry said ...

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Update
9

25 weeks ago


Quote:
"They're doing a phenomenal job, the market continues to grow, vehicle penetration is still so low, GDP per capita continues to increase, and the west of China is where a lot of the action is going to come going forward. Having production further in the western part to get a foothold there and penetrate the tier two and three and four cities makes perfect sense for them"


Source: CNBC

 

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Update
8

49 minutes ago

China's SOEs face poor profit prospects

Source: China Daily  |   May 24 2013, 5:05am CDT

BEIJING - With China's State-owned enterprises (SOEs) posting growth of just 5.3 percent from January to April this year, prospects for the SOEs' profitability in 2013 remain poor, analysts said. The SOEs saw their total profit growth slow to 5.3 ...

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Update
7

1 hour ago

Chinese rail industry to see more orders

Source: China Daily  |   May 24 2013, 4:05am CDT

BEIJING - Booming demand for urban rail transit from an increasing number of Chinese cities would reignite the railway equipment industry, the China Securities Journal reported Friday. The National Development ...

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Update
6

3 hours ago

General Motors: Revving Back To Success

Source: Seeking Alpha  |   May 24 2013, 2:37am CDT

Long term investors in auto stocks will be only too aware of the sensitivity of these stocks having no doubt experienced large losses during the Credit Crunch. However, as the US recovery gathers pace, those investors brave eno ...

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Update
5

5 hours ago

China's Jinchuan shuts 200,000 T copper plant on scrap shortage

Source: Reuters  |   May 24 2013, 12:06am CDT

* Closure to cut at least 100,000 T from 2013 output plan * No timeframe for reopening the shut facility * Startup of new unit in Guangxi to be delayed to 2014 HONG KONG, May 24 (Reuters) - Jinchuan Group Ltd, China's third-largest copper p ...

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Update
4

6 hours ago

China Zenix Auto International Announces Financial Results for the First Quarter of 2013

Source: Street Insider  |   May 23 2013, 11:44pm CDT

ZHANGZHOU, China, May 24, 2013 /PRNewswire/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by ...

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Update
3

9 hours ago

Premier Li rejected $6.5 trillion urbanization plan

Source: SINA English  |   May 23 2013, 8:24pm CDT

China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, Reuters reported, quoting sources close to the Chinese government. Premier Li Keqiang has rejected an urbanization proposal drafted by ...

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Update
2

9 hours ago

MAPI: 1Q U.S. Trade In Manufactures Stays Flat

Source: Manufacturing.net  |   May 23 2013, 8:01pm CDT

ARLINGTON, Va. -- For calendar year 2013, Chinese manufactured exports are on track to nearly double U.S. exports, with a surplus of more than $900 billion, compared with a U.S. deficit of $500 billion, as the trade gap between these global powers conti ...

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Update
1

11 hours ago

Stocks see biggest plunge in a month

Source: China Daily  |   May 23 2013, 6:40pm CDT

China's stocks saw their biggest losses in a month on Thursday, after the release of the disappointing PMI figures and Japan's worst equity plunge since 2011. The benchmark Shanghai Composite Index slumped 1.16 percent to 2,275.67 points. Trade volume ...

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