China's anti-extravagance drive is posing a serious threat to the global cognac industry.» Read More
*Beijing is 3rd mainland gold import point, after Shenzhen& Shanghai. *China's gold imports from Hong Kong surged to $53 bln in 2013.
As China Securities Regulatory Commission orders underwriters to update application materials once again, there have been no new China listing applications published for the past eight weeks.
BEIJING, April 21- A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade.
*Lexus imports cars from Japan for China market. Unlike German peers Audi, Volkswagen AG's luxury division and BMW, Lexus imports all of its vehicles sold in China, from Japan. But high tariffs charged on imported cars make it hard to generate volume and last year, Lexus sold around a seventh of Audi's tally and a fifth of what BMW sold in China.
*To invest $12 bln and build more plants in China. BEIJING, April 20- U.S. car giant General Motors Corp plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.
BEIJING, April 20- Premium auto maker BMW unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine.
SHANGHAI, April 20- China will soon start construction on a series of major energy projects, including nuclear and hydropower plants, Premier Li Keqiang said on Sunday, highlighting an infrastructure build-out that could help bolster the slowing economy.
*To invest $12 bln and build more plants in China. BEIJING, April 20- U.S. car giant General Motors Corp plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's largest auto market.
BEIJING— The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million. General Motors Co. and its Chinese partners are in the midst of what the company has said is a $12 billion investment program through 2017..
SHANGHAI/ BEIJING, April 20- Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model.
Deputy Foreign Affairs Minister Hamzah Zainuddin met with the passengers' relatives in Kuala Lumpur to talk about where to go next. He declined to elaborate further, but said a fund could possibly be set up by the government or Malaysia Airlines. He added that he would soon visit Beijing to shore up bilateral relations between Malaysia and China.
BEIJING— Ford Motor Co. on Sunday unveiled a new Escort sedan designed in China for global sale at a Beijing auto show that highlighted the growing influence of Chinese tastes on the industry. The Escort goes on sale in China this year, expanding later to other markets, said CEO Alan Mulally.
BEIJING, April 20- Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW, Audi and Mercedes-Benz: the second-hand premium car market. We have 290 dealers who offer certified pre-owned Audis, " Rupert Stadler, chief executive of Volkswagen's premium brand, Audi, said during the Auto China show in Beijing.
BEIJING, April 20- Daimler said its DENZA electric car will be eligible for local subsidies in China when it goes on sale there in September priced at 369,000 renminbi.
Brands from General Motors Co. to Chinese SUV maker Great Wall Motors are unveiling new and restyled sedans, sport utility vehicles and other models at Auto China 2014 this week. China is the world's biggest auto market, with 17.9 million vehicles sold last year. Nissan Motor Co., looking to China to help drive its global turnaround, will debut a concept sedan.
Darlene Tipton, who was vice president of standards and practices for the Fox Cable Networks Group, said Saturday she had wanted to arrange swift financial aid to families and other loved ones, sparing them lengthy court fights.
ROME— Fiat and Chrysler announced plans Saturday to build three new Jeep models in China for that market, the biggest for the vehicles outside the United States, as they attempt to boost sales in a country where they lag behind their competitors.
PERTH, Australia— A Malaysian official on Saturday asked the world to "pray hard" for a clue to help find Flight 370, while authorities said a robotic submarine was expected to finish searching a patch of the Indian Ocean seabed within a week after so far coming up empty.
BEIJING, April 18- A French utility blamed by China for failing to maintain water quality standards said on Friday it is not responsible for polluting tap water with a cancer-causing chemical.
*PetroChina to triple spending from $500 mln past few years. BEIJING, April 18- Chinese state energy giant PetroChina plans to spend more than 10 billion yuan on shale gas this year, sources with knowledge of the matter said, as domestic competition heats up after rival Sinopec announced a commercial find.