China's car sales growth to slow in 2017
  Release time: 2016/12/29 15:42:00
Growth in auto sales in 2017 could slow to an annual 2 percent to 6 percent, said MOC spokesperson Shen Danyang, citing industry estimates.A high comparison base and a discounted preferential taxation policy wil...

BYD accelerates green autos
  Release time: 2016/12/29 15:41:00
The company will also boost its production of new energy vehicle batteries in order to lower production costs, it said.Considering the government's subsidy for new energy vehicles will decrease by 20 percent in ...

China's major east-west high-speed railway starts operation
  Release time: 2016/12/28 17:10:00
The Shanghai-Kunming line--2252 km in length--traverses the five provinces of Zhejiang, Jiangxi, Hunan, Guizhou and Yunnan and cuts travel time from Shanghai to Kunming from 34 to 11 hours, according to China Ra...

High-speed rail project gets private sector boost
  Release time: 2016/12/26 15:05:00
The 269-kilometer Hangzhou-Taizhou Intercity Passenger Line has a total investment of 44.9 billion yuan(US$6.5 billion), with private capital contributing 51 percent of the investment.Local governments will offe...

BMW to recall 193,611 vehicles in China
  Release time: 2016/12/26 15:03:00
The recall, set to begin on Aug.1, 2017, affects 168861 imported cars made between Dec.9, 2005 and Dec.23, 2011, as well as 24750 sedans manufactured between July 12, 2005 and Dec.31, 2011. BMW has promised to r...

Car sales party seen winding down with expiry of tax cut
  Release time: 2016/12/16 09:16:00
China raised the sales levy on small-engine cars to 7.5 percent on Thursday, curbing an incentive that has propped up the industry that's headed for its 26th consecutive annual expansion.While the tax rate is le...

Rail boosts regional economy in N China
  Release time: 2016/12/16 09:12:00
Florentia Village, where tourists can buy top-notch brands from Italy and other countries, is just 100 meters away from Wuqing railway station, the midway stop on the high-speed railway between Beijing and Tianj...

China's fixed-asset investment up 8.3 pct in first 11 months
  Release time: 2016/12/15 09:14:00
The growth remained unchanged from the January-October period, the National Bureau of Statistics(NBS)said.Infrastructure investment expanded 18.9 percent in the first 11 months, while FAI in high-tech industries...

Electric car market yet to mature
  Release time: 2016/12/13 09:46:00
Electric cars are widely believed to be the future of the automotive industry, but experts say even in the world's largest new energy car market they may need at least five years to be able to fend for themselve...

There's still room for moderate growth
  Release time: 2016/12/13 09:44:00
Every day, I ask whoever I think may have some knowledge about the real estate market:'Will the home prices drop in Shanghai?'"Their answers have ranged from'Definitely not'two months ago to the currently'Perhap...

China's producer price records five-year high in November
  Release time: 2016/12/12 09:55:00
The reading rose 3.3 percent year on year, the highest reading since October 2011, according to the National Bureau of Statistics(NBS).The PPI figures came along with the release of the consumer price index, whi...

European Rail Contract For British Steel
  Release time: 2016/12/12 09:47:00
In 2006, the company replaced the old rail facility in Workington with a new one in Scunthorpe.It has since rolled enough rail to lay track between London and Delhi.The full contract will be split 50/50 between ...