China announced a 5.7 percent increase in electricity prices for businesses and industries and said it will adjust residential tariffs early next year through a new pricing mechanism to promote energy savings. Read More…

China’s automobile market continued its robust growth in October, with passenger vehicle sales clocking a year-on-year growth of 79.6 percent, and provided enough indications that China is well on its way to occupy the top perch as the largest automobile market in the world. Read More…

Domestic passenger vehicle sales in China hit a new record high in August of 2009, nearly doubling over last year, far beyond industry expectations. Read More…

Sales of China’s domestically made automobiles totaled 1.09 million units in July, up 63.57 percent compared with the same period of last year, the China Association of Automobile Manufacturers (CAAM) said recently. Read More…

Helping to promote careers and excellence in engineering, Autodesk has sponsored Formula Student 2009, the largest student motorsport event in Europe (Silverstone, UK, 16–19 July 2009). Read More…

In 2009, driven by the stimulus package for auto consumption by Chinese government, China’s auto sales increased by 18 percent and China became the world’s largest automobile producer with the world’s largest automobile market. Read More…

1,000 new energy vehicles will be put into operation in public transportation and sanitation sectors this year, according to Beijing Municipal Science and Technology Commission (BMSTC). Read More…

In spite of the impact of the international financial crisis, China’s software industry has maintained a growth rate of over 20 percent since the second half of 2008, making it one of the fastest growing industries: in 2008, China’s software service industry generated 757.3 billion yuan in revenue (over 110 million US dollars), and the workforce of the entire industry exceeded 1.8 million people. Read More…

Europe’s largest auto maker Volkswagen AG said recently its sales in China rose 9 percent year on year to a record monthly high in March, buoyed by the country’s overall strong demand for cars. New vehicles sold in China totaled 112,466 units in March, the first month of this year that saw sales exceeding 100,000 units, said the Volkswagen Group China in a statement. Read More…

China aims for 10 million units in both vehicle production and sales this year, according to an online government document concerning detailed automobile support package. China’s automobile industry is to yield an average 10 percent growth for its production and sales in the next three years, said the document, released on recently. Read More…