News Press

Monday, 19 December 2011

While Chinese banks are seeing a credit boom due to the nation's huge stimulus package, their foreign peers have not been so lucky and might just be facing their most difficult period as far as business expansion in China is concerned. According to the central bank's latest monetary policy report, in the first half of 2009, lending by foreign financial…

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Monday, 19 December 2011

China's policy on automotive joint ventures is expected to be loosened and the ceiling for foreign capital investing in joint ventures raised, the Economic Observer quoted an insider as saying. "The shareholding structure for Sino-foreign automakers will likely be not that strictly restricted in the future as economic reform deepens," said Zhang Xiaoyu, executive vice chairman of the China Machinery…

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Monday, 19 December 2011

The country posted a trade surplus of $41.42 billion in the first quarter this year, down 10.8 percent from the same period of last year, dragged down by restless yuan appreciation and a likely economic recession around the world. However, Chinese commercial vehicle makers seemed unaffected. "Although our specific figures for the first quarter haven't been released, our exports will…

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Monday, 19 December 2011

New wastegate released by Turbonetics features Direct Flow Technology (DFT), an inconel 45mm valve, and cast stainless steel base capable of controlling 700+ HP. Simi Valley, CA (PRWEB) May 30, 2008 -- New wastegate released by Turbonetics features Direct Flow Technology (DFT), an inconel 45mm valve, and cast stainless steel base capable of controlling 700+ HP. Turbonetics is pleased to…

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