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China is the global driving force for premium luxury cars as consumer enthusiasm fuels sales, industry experts said.On Tuesday, the first day of the Shanghai auto show, luxury carmakers encountered revved-up interest as their vehicles were snapped up.British car manufacturer Aston Martin said that all of its five One-77 cars for the China market were ordered before the show opened.
CHINA'S top legislator Wu Bangguo has asked lawmakers to lead in-depth, comprehensive inspections over the enforcement of the country's Food Safety Law to ensure that relevant government departments do not slack off in their work in safeguarding food safety.Wu, Chairman of the Standing Committee of the National People's Congress (NPC), made the remarks in written instructions to the on-going insp
WATCHDOGS are to investigate claims that a popular Japanese noodle fast-food chain uses instant powder to make its soup bases and exaggerates the nutritional value of its food.The Shanghai Industrial and Commercial Administrative Bureau said it will examine the products used by Ajisen Ramen following allegations in local media.
CHINA may rein in plans to invest heavily in seven new strategic industries, including high-speed rail and wind power, scaling back cutting-edge projects for industries suffering from old-fashioned problems such as corruption and overcapacity, sources said.The central government originally planned to invest up to US.5 trillion over the next five years in the seven sectors, hoping they would grow
SHANGHAI'S market watchdog has ordered DaVinci Furniture Ltd to stop selling products bearing the Cappelletti brand because of "fake ads" and "unqualified labels."The Shanghai Industrial and Commercial Administrative Bureau has sealed 188 pieces of Cappelletti furniture in the company's warehouse in the city's Qingpu District.Officials said DaVinci's ads usually included exaggerated terms such as
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SALES of copycat handsets are expected to peak this year in China but will decrease in the next several years, research firm IHS iSuppli said yesterday.The factors accounting for the decline include strong regulation from the government and the popularity of entry-level smartphones, which will likely grab market share from copycat phones, also known as shanzhai models, industry insiders said.
Premier Wen Jiabao said on Monday China supports pushing forward an Asian free-trade area, which will cover 28 percent of world's total export volume.

Previous reports said China is expected to make announcements on Tuesday in Phnom Penh that it will join the talks for the Asian free-trade area, namely the Regional Comprehensive Economic Partnership, and join hands with Japan and South Korea t




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