Canton Fair wraps up with export orders down 17%

China’s leading trade fair, known as Canton Fair, ended last Thursday with export orders down almost 17 percent, a sign of troubles ahead for China’s exporters amid the financial crisis, organizers said.

Samsung LED sets up manufacturing base in Tianjin

Samsung LED, a light-emitting diodes (LED) company of the global electronics giant Samsung, has set up its first overseas manufacturing base in northen China’s port city Tianjin.

China’s industrial output up 7.3% in April

China’s industrial output grew 7.3 percent in April from a year ago, slower than the 8.3 percent in March, the National Bureau of Statistics said on Wednesday.

Illinois hot runner maker preparing for growth

Illinois hot runner maker preparing for growth

China auto sales hit new high in April

Sales of China’s domestically made vehicle set a record high of 1.153 million units in April, up 25 percent from a year earlier, the China Association of Automobile Manufacturers (CAAM) said Friday.

China FAW, Volkswagen plan 5b-yuan auto plant in Chengdu

China First Automobile Works (FAW) and Europe’s auto giant Volkswagen said Friday they would jointly invest 5 billion yuan ($735.3 million) to build an auto plant in Chengdu, capital of Sichuan province.

Mainland market opens wider to HK businesses

The central government and the government of the Hong Kong Special Administrative Region (HKSAR) on Saturday signed the sixth supplement to a key trade agreement to give Hong Kong firms greater and easier access to the mainland market for tourism, securities and banking services, among others

Ford China venture car sales up 33% in April

Ford Motor Co’s car venture in China sold 33 percent more vehicles in April from a year earlier, its Chinese partner said on Wednesday.

Industries urged to upgrade technology

China’s State Council, or the Cabinet, Wednesday urged industries to upgrade their technology to boost market confidence and domestic demand.

EU, China to hold high-level economic, trade talks

The European Union (EU) will host high-level talks this week with China to strengthen their trade and investment ties in order to speed recovery in the ongoing global financial crisis, the European Commission said on Wednesday.