Home > 2013 > August

China to launches trade-in pilot program for remanufactured products

BEIJING – China’s National Development and Reform Commission (NDRC), the Ministry of Finance, Ministry of Industry and Information Technology (MIIT), Ministry of Commerce and State Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) jointly decided to launch a trade-in pilot program for remanufactured products to strengthen remanufacturing industry, according to

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Commercial vehicle industry to benefit from deregulation of loan rate

  The People’s Bank of China (PBC) deregulated loan rate of financial institutions as of July 20, 2013 to further marketize the country’s loan system. Financial institutions are no longer required to meet the 0.7 minimum interest rates for commercial loans. According to an executive of the PBC, this reform

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Sinopec to start supplying State IV and V gasoline this October

Sinopec, one of China’s three oil giants, will supply State V gasoline in Shanghai, eight cities in Jiangsu and six cities in Guangdong starting from October 1, 2013, reports chinanews.com. The eight cities in Jiangsu include Nanjing, Suzhou, Wuxi, Changzhou, Zhenjiang, Yangzhou, Nantong and Taizhou. The six cities in Guangdong

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Customer purchase intention of buying Chinese brand cars increased

Customer purchase intention of buying Chinese brand cars increased in China, according to the J.D. Power Asia Pacific 2013 China New-Vehicle Intender StudySM (NVIS). The proportion of people with new car purchase intentions who indicated they would consider purchasing a model made by a Chinese local carmaker increased to 27

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Liu Hanru: China’s heavy-duty truck market to grow 10 percent this year

“China’s domestic economy tends to remain stable after September and the heavy-duty truck market will recover as well,” said Liu Hanru, chairman of CAMC Hualing Automobile (Group) Co., Ltd., at CAMC semiannual business conference held recently. Liu believes that China’s heavy-duty truck industry will increase 10 percent this year and

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PowerGenix’s Nickel-Zinc battery technology certified by China National Labs

SAN DIE , Calif. – PowerGenix, the leading developer of high performance Nickel-Zinc (NiZn) batteries, announced on August 27 that its batteries have achieved certification by China National Laboratory’s Tianjin Automotive Test Center. Over the past several months, Tianjin Automotive Test Center completed a comprehensive test matrix covering all aspects of advanced

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