GM sales in China saw 8.3% increase last year

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Source: Marketwatch

Sales of General Motors Co. and company's joint venture in China increased by 8.3% to 2,547,171 units in 2011. Shanghai GM sales advanced 16.2% to 1,200,355 units, the GM announced on Monday. During December the auto producer sold 196,797 vehicles that is 9.8% more than in December 2010.

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Mon, 09 Jan 2012 15:52:53 GMT

Hong Kong Airlines to order $3.8bn Airbus A380

Hong Kong Airlines placed order for 10 Airbus A380 aircraft amounting about $3.8bn.The order might have been derailed by the tensions between the EU and China. China has refused to pay tax on carbon emissions imposed by the EU that essentially decreases the profits and competitiveness of foreign air carries in the EU.

Mon, 09 Jan 2012 16:24:41 GMT

China to continue prudent monetary policy

China will continue its tight monetary policies but is ready to fine-tune them in case of necessity, announced the PBOC, closing the work conference. The PBOC plans to adjust the supply of credits and maintain social financing at a reasonable growth. The country will focus on stimulating agricultural sector, optimizing credit structure, developing small and medium enterprises and supporting affordable home projects.

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