According to the China’s National Energy Administration, power consumption growth in China slowed to 14% in June, down from a 21% in May. Total energy consumption in June came to 352 billion kilowatt-hours. Analysts attribute the declining growth rate to a broader economic slowdown affecting heavy industry. “The power numbers show a slight slowdown, primarily [...]
China’s passenger car sales reached 1.32 million units in January, more than double the amount from a year ago. Total vehicle sales, which include buses and trucks, also more than doubled to a record 1.66 million units, according to the China Association of Automobile Manufacturers. The extension of purchase incentives introduced last year is believed [...]
The Apple iPhone handsets set to be released by China Mobile in the mainland market may lack the 3G and Wi-Fi network functionality found in the phones elsewhere, as phones with those functions have not yet been approved by regulators in Beijing, citing the Daiwa Institute of Research. Daiwa analyst Calvin Huang was cited as [...]
