According to a offical from Chongqing Economic Commission, the output of motorcycle from Chongqing industry is expected to exceed 10,000,000 units.
The official said that from January to September of this year, Chongqing motorcycle production is 8,600,000, has reached the whole of last year's output. It is predicted that this year, Chongqing's annual motorcycle production will exceed 10,000,000 units.
In the current economic situation, the innovations of market and technology is the key to break through for Chongqing motorcycle industry.
Originally Posted: China Business Daily
Author: Angulo Fu
Thursday, November 20, 2008
Chongqing: Motorcycle Production Up to 10 Million
Fuoss 01 Track Car Coming
Accompanied by the economic recession, people have begun to re-examine the fundamental values of the cars as a means of transport. More and more people concern about the impact on environment and economic as a result in unnecessary pursuit. The perspect of luxury cars are poor. At the same time, people's enthusiasm in track car which could only enhance the driving pleasure, and to limit the size are growing quickly.
Europeans track junkies have one more option vying for their hard-earned cash. As a vechile likes a go cart, the Fuoss 01 using the same philosophy as vehicles from Lotus, Caterham and KTM, it relies on its light weight for acceptable performance. But with only a 40-hp, 400cc Suzuki motorcycle engine motivating the 660-pound one-seater, V-Max is a very limited 90 mph. Regardless, the Fuoss should be an entertaining track tool, particularly with its five-speed sequential transmission cribbed from Suzuki keeping the motor on boil. The driver sits as low as possible and with no heavy roof overhead, mass is centralized down low. Only ten examples are planned for its first year of production in 2009, so if you want one of the €29,000 machines, you'd better act fast.
Originally Posted: China Business Daily
Author: Angulo Fu
Complaints on Electric Scooter Soar
Because the electric scooter has the characteristics of light, fast, non-fuel pollution, more and more Chinese consumers would like to use it. However, with the rising of the market share, the complaints on electric scooters are more and more. The three major problems are the quality of the battery, the device failure and after-sales service.
Sichuan: Nearly half of the electric scooters' quality are not up to standard
Sichuan Trade and Industry Bureau recent inspected the selling electric scooters recently. There are 23 batches are unqualified, a failure rate of 57.5%.
Jiangsu: Electric scooters sampling with a pass rate of 85.3%
Jiangsu Provincial Quality Supervision Bureau recently reported the province's product quality inspection results in the 3rd quarter. The electric scooter sampling's pass rate is 85.3 percent.
Originally Posted: China Business Daily
Author: Angulo Fu
The 6th China (Guangzhou) International Automobile Exhibition Opening
The 6th China (Guangzhou) International Automobile Exhibition opened on November 19.
"Hi-tech Promise Future" as the theme with continuing "High Quality, International and Comprehensive" orientation, the organizers pay more attention to improve the quality of exhibition, to present an excellent pageant of auto industry for domestic and oversea visitors.
Auto Guangzhou 2008 is covering a total area of 125,000㎡. It is 25% bigger than previous one. For the first time that all thirteen exhibition halls will be used at area A in Pazhou complex.
Among these, the size of Passenger Cars Zone is 85,000㎡. More brands and famous companies will participate with their most up to date vehicles, technologies and concepts. Some new exhibitors, such as Lotus, Daihatsus, Fiat, Foton Motor etc., will have their first attend.
The size of the professional auto exhibition has a further expandation by the joining of Japanese Auto Parts Purchasing Zone and the domestic exhibition delegation group in Auto Parts and Accessories Zone. Over 400 manufacturing companies, about 40,000 trade buyers will stimulate the Auto Guangzhou professional exhibition zone to become the largest international purchasing platform in South China.
Originally Posted: China Business Daily
Author: Angulo Fu
Quanjude Went Public
On November 20, 2007, Quanjude Co., Ltd. went public on Shenzhen Stock Exchange.
Quanjude, a famous historied brand of China, was established in 1864 (the third year of Tongzhi of Qing dynasty). During the 136 years, Quanjude has experienced business vicissitudes and survived the arduous ordeal of time. Throughout the years, Quanjude dishes have been greatly enriched due to developing and innovation.
With its long history, Quanjude roast duck enjoys a high reputation among domestic and overseas consumers for the peculiar roast technique and outstanding quality. It ranks the first not only in Chinese Famous Dishes, compiled by all-China famous chefs under the organization of Ministry of Commerce in 1958, but also in Elite of Chinese Famous Dishes, published by China and Japan in 1982. In many cases, Quanjude lists the first among famous restaurants.
The well-known All-Duck Banquet is headed by Quanjude roast duck and supported by over 400 dishes with Quanjude characteristic flavor. Government leaders, officials and VIPs from nearly 200 countries and regions have visited Quanjude roast duck restaurants and had dinner here.
The foundation of China Beijing Quanjude Group ooon May 20th of 1993 ushers in a new episode for Quanjude. The Group set its developing strategy as taking advantage of Quanjude brand and expanding the business by scaling, modernizing and franchising with quality playing the crucial role. Since the implementation of the strategy, Quanjude's business has been booming and more positive meanings are being brought to the image of the old renowned brand. Currently, the Group has over 60 company-owned and franchised restaurants in China. The annual sales reaches 500 millions yuan (RMB); the number of roast duck annually sold amounts over 2 millions; guests annually entertained top 5 millions. The Group lists one of the largest food service enterprises in China with 600 millions yuan (RMB) of assets and 700 millions yuan (RMB) of intangible assets.
In January of 1999, Quanjude was awarded the title of “China Renowned Trademark”, which is the first and unique case as of now in the service trade. This honor also contributes to Quanjude's image of high quality, excellent taste, rich and profound culture.
Originally Posted: China Business Daily
Author: Angulo Fu
Wednesday, November 19, 2008
Sohu.com Announced Victor Koo's Resignation
Mr. Koo had been with Sohu since March 1999 in several functions including Senior Vice-President, Corporate Business Development, Chief Financial Officer, Chief Operating Officer and President.
“Victor has played an important role in our success in the past six years and we understand his decision to move on and seek a new challenge. He contributed greatly to the growth of the advertising business, start-up of new business lines and the closing of numerous corporate transactions. We wish him the very best in his future endeavors," said Charles Zhang, Sohu's chairman and chief executive officer.
"Victor helped establish a strong team of experienced executives who are ready to take the helm independently. We have already begun to work on a smooth transition by splitting Victor’s operational responsibilities among these executives. Meanwhile, Victor will stay on as an adviser to the company for six months until September 30, 2005,” Charles Zhang added.
"Sohu has been a fantastic platform for my professional development and I am grateful for having been part of the Sohu story from an early Internet start-up to a publicly listed and profitable company. Sohu is a strong company with a proven online advertising business and great long-term prospects in the search and consumer business. I am confident that I will leave the business in good hands that will ensure stability and continuity with our consumers, clients, partners and employees," said Victor Koo, President and COO of Sohu.
After leaving from Sohu.com, Victor Koo created Youku.com, with its beta was launched in June 2006 and formally launched in December 2006. In 2007, the company received $25 million funding from venture capitalists. Youku.com ranked 1 in Chinese video sharing sector by China Internet Society, iResearch and Baidu User Index. In 2008, Youku has teamed up with Myspace in China.
Originally Posted: China Business Daily
Author: Angulo Fu
Tuesday, November 18, 2008
Shanghai Feilo Acoustics Set Up
Shanghai Feilo Acoustics Co., Ltd. is China's first joint-stock listed companies. Shanghai Feilo set up on November 18, 1984. November 14, 1986, Deng Xiaoping presented the shares of Feilo Acoustics to the Chairman of United States New York Stock Exchange. So, Shanghai Feilo Acoustics had been included in the history books of China's joint-stock reform.
Shanghai Feilo Acoustics Company Limited's principal activities are producing and selling of light bulb, lamp, light products, IC card and software. It also provides systems integration and manufactures, sells and tests acoustic equipment, digital and household electronics and appliances, musical instruments, light, sound and video frequency products. Other activities include development and provision of technology services for computer network, intelligent card application, multi-media communication and intelligent integrated system software.
Originally Posted: China Business Daily
Author: Angulo Fu
Monday, November 17, 2008
Zhejiang Dahua Become the World's Top 50 Security Companies
Recently, A & S announced the World's Top 50 Security Companies. Because of the success of operating and good brand awareness, Zhejiang Dahua Group ranked 32, which is the first time to Zhejiang Dahua enters the World's Top 50 Security Companies.
"A & S" TOP50 is the world's most authoritative list in the security industry. The rating object includ access control, anti-theft alarm, biometrics, CCTV surveillance business enterprises.
Dahua Group is a professional manufacturer in the security and surveillance field. Over the past 15 years,development,Dahua Technology has been fully experienced in research and design of cutting-edge technology surveillance equipments. Both hardware and software are modular-designed with flexibility for different configurations,various scales of applications and future expansion.
In recent years, with the rapid development of China's security industry, there are emergence of Zhejiang Dahua and some other well-known manufacturers. I believe that more local security enterprises will continue to forge ahead, and greatly enhance competitiveness in global security market.
Originally Posted: China Business Daily
Author: Angulo Fu
National Security Standards for Residential Quarters
China's first national standards for the security of residential quarters will be brought into effect on December 1 this year.
The new standard have made provisions for the buildings' entrance, control centers, security fence, video surveillance systems and so on. For example, the buildings should be equipped with visual intercom system. In the entrances of the residential quarters and the parking garage, the video surveillance system should be installed. Residential quarters should be set up perimeter walls, fences, and other barriers closed for protection, not less than 1.8 meters high. The vertical distance of fences should not be greater than 15cm. Residential quarters should be set up monitoring centers, and connected with city security monitoring system.
The Ministry of Construction has issued a similar mandatory national standard, including the security of the residential quarters. The new standard is designed for residential quarters. Compared with the mandatory standard issued by Ministry of Construction, the new standard is only recommended, does not have enforcement power.
Originally Posted: China Business Daily
Author: Angulo Fu
Shanghai Baosteel Group Corporation Set Up
On November 17, 1998, the former Baoshan Iron and Steel (Group) Corporation absorbed the Shanghai Metallurgical Holding Group Corporation and the Shanghai Meishan Group Co. to form Shanghai Baosteel Group Corporation. The new conglomerate was the largest steel producer in the country with annual steel production of nearly 20 million tons.
Baosteel Group Corporation (Baosteel) is the most competitive steel producer of China, and has been one of the FortuneGlobal 500 for five consecutive years from 2003 to 2007. In 2007, Standard & Poor granted the long-term credit level "A -" toBaosteel Group Corporation and Baosteel Co., Ltd. and raised their prospect rating from "stable" to "positive", a new breakthroughafter its record-high credit level "A -" was registered in December 2006. In the same year, Baosteel for the third time entered the Fortune's list of the Global Most Respected Companies.
Baosteel engages in the production of high-tech and high value-added premium steels as mainline. Its steelmaking capacity is about 30m t/a, its profit making ability takes lead in the iron and steel world, and its products sell well at home and abroad.Now, its steel industry covers three major categories:carbon steel, stainless steel and specially-alloyed steel, with focus placed on automotive steel (for limousine in particular), appliance steel, oil pipeline steel, drill pipe, oil well tube, high pressure boiler steel, cold rolled silicon steel, stainless steel, high alloy steel and living steel. Its produced steels possess the physical quality that can rival the world-class equivalents.
Originally Posted: China Business Daily
Author: Angulo Fu
Jingjiu Railway was Completed
Jingjiu Railway was completed on 16. November 1995. Jingjiu Railway (also known as Beijing-Kowloon Railway, Beijing-Kowloon Line) is a railway in the People's Republic of China connecting Beijing West Station in Beijing to Shenzhen Station in Shenzhen, Guangdong Province. It then follows the rail-link between Shenzhen to the special administrative region of Hong Kong to Hung Hom Station (Kowloon Station) in Kowloon.
It is a dual-track railway. Construction began in February 1993. It was opened in 1996, connecting Beijing and Kowloon through Tianjin, Hebei, Shandong, Henan, Anhui, Hubei, Jiangxi and Guangdong, with a length of 2397 kilometres. It has 790 bridges and 160 tunnels. The Jiujiang Yangtze River Bridge, at a length of 7,679 metres, is the longest across the Yangtze River. Located between Jinghu Railway (Beijing-Shanghai) and Jingguang Railway (Beijing-Guangzhou), it was built to alleviate the congested Jingguang Railway, and to foster development in the areas to the east of Jingguang Railway.
The idea had been proposed for a long time, and some of the sections, such as the Jiujiang Yangtze River Bridge, were built before construction of the whole line official began. Some were converted from existing sections, such as between Jiujiang and Nanchang, and Fouyang and Shangqiu.
It shares the same route with the Guangmeishan Railway (Guangzhou-Meizhou-Shantou Railway) between Longchuan and Dongguan. It joins the Guangshen Railway (Guangzhou-Shenzhen Railway, formerly the Chinese Section of the Kowloon-Canton Railway) at Dongguan, and follows the same route. Within Hong Kong, it shares the same pair of tracks with the East Rail Line (formerly British Section of the Kowloon-Canton Railway).
Beijing-Kowloon Through Train services are currently provided on the Jingguang Railway and Guangshen Railway, instead of the Jingjiu Railway. Passengers are required to go through customs and immigration checks for the cross-border service.
Originally Posted: China Business Daily
Author: Angulo Fu
China - U.S. Bilateral WTO Agreement
China and U.S. signed a Bilateral WTO Agreement on November 15, 1999. The agreement covers all agricultural products, all industrial goods, and all service areas. Among other things, the agreement outlines the terms under which foreign firms would be allowed to enter China's asset management market.
In the bilateral agreement, China made significant commitments in specific sectors of its economy as well as commitments across all sectors. For asset management, China made commitments to provide significantly greater access to its asset management market than currently available. Specifically, under the agreement, U.S. firms may own up to 33% of joint venture asset management firms upon accession of China into the WTO. Three years after accession, U.S. firms may own 49% of asset management firms. Moreover, China has committed that, as domestic managers are permitted to provide broader array of services, it will allow foreign managers to provide the same services as domestic managers.
For China to become a full member of the WTO, China must enter into separate bilateral agreements with other key trading partners, including the European Union. All the member nations of the WTO must agree to China's accession, and China must complete its domestic procedures for accession. As part of the WTO agreement, the U.S. Congress will be asked next year to grant China permanent Most Favored Nation (MFN) or Normal Trade Relations (NTR) treatment.
Originally Posted: China Business Daily
Author: Angulo Fu
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