China has been the third-largest market for the smart brand of micro-cars by Mercedes-Benz, presenting great potential to be the No 1 market for the German automaker in the near future, said company executives.
Despite rising prices for essential goods and fuel, the Chinese desire to own a car is as strong as ever, The Nielsen Company said in a recent study.
Heixiazi Island, a border island linking China and Russia, opened as a resort destination for Chinese tourists on Wednesday as part of an experiment to see if that change will prove mutually beneficial to the tourism industries in both countries.
Li Chenguang does not rush decisions like buying a new car. After being named a winner in the capital's so-called license-plate lottery, he has spent months researching makes and models.
Private car owners might have to accept higher charges as the city's traffic authority plans to further improve public transport and reduce the use of vehicles to ease traffic congestion.
The International Monetary Fund predicted on Wednesday that China will continue to drive global economic development with an estimated GDP growth rate of 9.6 percent this year.
Chinese government measures to curb property-price gains and tame inflation are "at or close to the peak," bolstering the outlook for stocks, according to JP Morgan Asset Management.
The mission of David Calhoun, chief executive officer of The Nielsen Company, one of the world's leading suppliers of marketing and media information, TV ratings, online intelligence and cell phone data, is to measure the world in a "watch and buy" way.
China Kweichow Moutai Distillery Co, the parent of the world's second-largest listed distiller by market capitalization, forecast a 15 percent increase in output this year as the country's rising incomes boost alcohol demand.
As the world economy recovers, the battle for commodities will intensify.
Stocks on the Chinese mainland fell, sending the benchmark index to the lowest level in a week, on speculation the central bank may keep raising interest rates and tightening policies will slow economic growth and curb commodities demand.
Lenovo Group Ltd, China's biggest maker of personal computers, will start sales of two new tablet devices in the US to compete in a market dominated by Apple Inc's iPad.