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Archive for the Category ‘Industries’

Chinese Fragmented steel sector to see production cutbacks

Chinese Fragmented steel sector to see production cutbacks

A worker checks product quality at a steel plant in Panzhihua, Sichuan province. By forcing steel mills to join hands, the Chinese government hopes they will be stronger force in talks with international miners. Xu Ruiping / for China Daily

Around 300m tons of capacity to close down in consolidation move

BEIJING – Around [...]

Steelmakers may cut production on weak demand

Steelmakers may cut production on weak demand

Chinese steelmakers are likely to cut production in the third quarter because of “weak” demand from auto and appliance makers, according to the nation’s second-biggest mill.

Customs inspectors collect iron ore samples imported from Iran in Rizhao Port, Shandong province. China increased iron ore imports by 42 percent to a record 628 million tons in 2009.

Slower [...]

Premier sales team hopes to rebuild real estate industry

Premier sales team hopes to rebuild real estate industry

An exclusive real estate agency is promoting an even more exclusive sales team following its official launch on Tuesday.
The agency – which deals in top-end properties, affordable only by the capital’s wealthiest – is composed of
more than 30 sales directors and “outstanding salespeople”, armed with rich working experience in famous [...]

German logistics firm building bridges to European auto markets

German logistics firm building bridges to European auto markets

BEIJING – German company BLG Logistics is actively seeking business opportunities in China as local automakers gear up to sell their cars in European markets.

A vehicle assembly line at Chery’s plant in Wuhu, Anhui province. Transnational logistics company BLG has helped Chery transport thousands of cars from China to Russia. [...]