ChinaRealNews

Heilongjiang’s financial sector maintains healthy momentum for first three quarters of 2008

2008-12-01 Harbin
 
The financial sector in northeast China's Heilongjiang province maintained steady and healthy momentum for the first three quarters of 2008, with deposit increasing sharply and loan increasing steadily. For the period ending at the end of September, the province recorded total deposit and loan balances of RMB871 billion and RMB473 billion, respectively. Both the bad loan balances and ratio experienced decreases.
 

BOC platinum credit card unveiled

2008-12-01 Beijing

Bank of China (BOC) unveiled platinum credit card for some high-end customers on November 26. Platinum cardholders are entitled to enjoy a wider range of exclusive benefits, including 24-hour Specialized Customer Services, Global Concierge Service, Unique Reward Program and Premium Airport Lounge Service, and among others.
 

Toyota to launch VIP edition of Coaster

2008-12-01 Beijing
 
FAW Toyota Motor Sales Co. Ltd. (FTMS) announced recently the new VIP edition of Toyota Coaster is now available for preorder in more than 300 authorized stores across the country. The new edition, which is designed to bring passengers more comfortable experience, features various practical and advanced equipments. The model is expected to be well welcomed by Chinese customers.
 

Goldwind’s wind turbines exported to Cuba

2008-12-01 Urumqi

Xinjiang Goldwind Science & Technology Co., Ltd (Goldwind), China's leading wind turbines manufacturer, made its first sale of six turbines to Cuba with a total value of RMB45 million recently. The company specializes in R&D, development and manufacturing of large-sized wind turbines. Its products have been sold to 19 provinces across China, with a total sales volume of 5005 units.
 

Production value of Fujian’s information products manufacturing industry up 22.1 percent

2008-12-01 Fuzhou
 
Fujian province, recorded production value of RMB184.8 billion in its information products manufacturing industry for the ten months ended October, up 22.1 percent from a year earlier. The three major industry chains, including computer and network products, digital AV products and mobile communication products, realized a combined production value of RMB110.5 billion, accounting for 59.8 percent of the total.
 

Midea rumored to secure more stakes in Little Swan

2008-12-01 Nanjing
 
Nine months after Chinese leading home appliance maker Guangdong Midea Electric Appliances took over washing machine manufacture Wuxi Little Swan, stocks of the two companies suspended trading yesterday. Insiders disclosed that Midea, which is now the biggest shareholder of Little Swan, may increase its weightings in Little Sawn through tender offer.
 

China’s auto parts exports up 31.3 percent for first three quarters of 2008

2008-12-01 Beijing

In the first three quarters of 2008, the value of China's auto-parts exports grew by 31.3 percent year on year to US$11.6 billion, the nation's customs bureau said recently. The export value in September reached US$1.32 billion, up 18 percent year-on-year, with its growth rate dropping 22.8 percentage points due to decreased market demand arising from deteriorating global financial crisis.
 

Hualing Automobile’s new heavy truck debuts

2008-12-01 Hefei

Anhui Hualing Automobile Group Co.,Ltd.(CAMC) announced the introduction of its new generation heavy truck on Bauma China 2008, the International Trade Fair for Construction Machinery, Building Materials Machines, Construction Vehicles and Equipment held recently. According to a principal of Hualing Automobile, the new model is expected to start mass production next year.
 

Chery Auto secures credit line of RMB3.5 billion from Bank of Communications

2008-12-01 Beijing
 
Chery Automobile Co. Ltd (Chery Auto), one of the leading auto makers, inked a strategic cooperation agreement with Bank of Communications to increase the credit line from the bank to RMB3.5 billion. Mr. Wang Bing, vice president of Bank of Communications, said the bank plans to extend collaboration with Chery Auto, to provide the company more customized financial products and quality services.
 

Audi launches four version of China-made Audi A4L

 2008-12-01 Beijing
 
Audi has recently announced the official introduction of four version of China-made Audi A4L to the Chinese market, in a move to grasp more market share in the country. The A4L, pricing at RMB298800-388600, features a wheelbase that is 60 mm longer than the conventional model, giving rear-seat passengers more room. In addition, A4L 1.8TFSI is expected to debut in January 2009.