Car sales slide in peak period
CAR makers in Shanghai saw sedan sales slip depressingly in a period usually good for the car industry.
Triumph to expand in China
TRIUMPH International, one of the world's most successful fashion marketing companies, will expand its production in China, according to Guenther Spiesshofer, president of Triumph International.
Shell to invest in natural gas
POLLUTION is costing China billions of US dollars each year in damage to agriculture, forestry and health, Brian Anderson, chairman of the Shell Group of Companies in Northeast Asia, told an audience at the China Oil and Gas Summit 2000 held recently in Shanghai.
Diamond sales stay strong
DIAMOND sales picked up last year after a slump in 1998 earning $686 million in 1999, De Beers Consolidated Mines Limited (DBCM) announced.
State bonds get off to a flying start
PEOPLE'S Bank of China (PBOC) Shanghai branch said government bonds, brought out on March 1, are selling well.
LG expands TV tube production
THE LG Electronics Group of the Republic of Korea (ROK) has announced recently it will invest 2.3 billion yuan ($277.8 million) in expanding two colour TV tube production lines in one of its companies in Central China's Hunan Province. The LG-Shuguang Electronics Company was jointly set up by LG and two local companies in Hunan, and it can produce 3.3 million colour tubes annually, making it one of the eight largest colour TV tube producers in China. Construction of the two new production lines will be completed in early 2001, giving the joint venture a total of four colour TV tube assembly lines. The plant will be able to produce 6 million colour tubes a year. LG has launched its largest overseas production base in China with 10 production operations, six branches, and six after-sales service centres. (Xinhua)
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