Monday, July 5th, 2010
China continues to lower taxes on vehicles for private use. In addition, increasing dumping prices on cars made in China, as well as improved credit conditions for buying a car. Experts and analysts are confident that the market for Chinese cars may grow by 32% in annual terms.
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Tags: auto, car market, car production, car sales, china, China Center for Automotive Technology and Research
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Friday, June 25th, 2010
Who needs a weak yuan? What will the exchange rate between the dollar? Technology companies deftly move production around the world only to find the most favorable conditions for himself. Apparently, now they have to make the next leap forward in this direction. Bank of China on Saturday announced that he intends to continue the reform of exchange rate policy and increase the flexibility of RMB exchange rate. In a statement posted on the bank’s Web site states that the established boundaries of fluctuations yuan (0,5% per day) remain unchanged. At the same time the Central Bank intends “to focus on the reflection of market demand, taking into account a basket of currencies”.
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Tags: Apple Inc., bank, Bank of China, Beijing, canada, car production, CEO, china, Chinese central bank, clear solution, consultant, Deputy Secretary of the export department, dollar, Eastern Europe, energy, europe, G20, Hewlett-Packard Co, Hon Hai Group, Honda Motor Co. Ltd., HP, Jabil Circuit Inc., japan, malaysia, Mayne, mexico, Ministry of Commerce, mobile phones, Motorola Inc., Paul Fridenberg, Peking University, People's Bank of China, Prime-Minister, semiconductors, Shenzhen, Sony Corp., technology, technology sector, Tim Main, Toronto, United States, USD
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