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Carmakers fret over market turmoil in China, where auto sales largely outpace U.S.

2015-09-03 02:25:24| Auto Dealers - Topix.net

A decade ago, Chinese drivers bought just 6 million cars annually, less than a tenth of the vehicles sold worldwide. By last year, after an explosion of wealth for the middle and upper classes there, they bought almost 24 million vehicles - accounting for more than a quarter of global sales and a huge share of profits for major automakers.

Tags: us auto sales china

 

China Oilfield to drill two exploration wells in Okhotsk Sea offshore Russia

2015-09-03 01:00:00| Offshore Technology

China Oilfield Services (COSL) has secured a contract to drill two exploration wells in 2016 for Rosneft and Statoil's joint ventures Magadanmorneftegaz and Lisyanskmorneftegaz.

Tags: china sea russia wells

 
 

Bombardier wins $381m contract to deliver 15 high-speed trains for China

2015-09-03 01:00:00| Railway Technology

Bombardier Sifang (Qingdao) Transportation (BST) has secured a CNY2.4bn ($381m) contract from China Railway Corporation (CRC) to deliver 15 additional CRH380D high-speed trains.

Tags: china contract deliver wins

 

Fed survey: Moderate economic growth around country, some impacts from China and cheap oil

2015-09-02 22:25:53| Auto Dealers - Topix.net

While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices. That's the U.S. economic picture that emerges from the Federal Reserve's latest look at business conditions around the country.

Tags: country china growth survey

 

Polyester Fiber and Filament Yarn Prices in China (Weekly Report)

2015-09-02 19:02:22| EmergingTextiles.com

Polyester prices have sharply rebounded in China, over a similar recovery of crude oil prices, and as a clear sign of current volatility. Our weekly report covers the Polyester Staple Fiber (PSF) and Polyester Filament Yarn (PFY) prices on the domestic market, including a price comparison of polyester staple fibers with cotton and viscose. The gross margin of polyester spun yarn producers is also released.

Tags: report china prices weekly

 

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