Gasgoo.com (Shanghai) - Beginning this year, the National Development and Reform Commission started commencing a crackdown on monopolies in a variety of industries, ranging from gold apparel to milk-based products. The amount of legislation targeting monopolies over the last two months has been unprecedented, with the total value of fines issued during the two month period far exceeding the combined fines for the last five years. On the heels of this success, the NDRC has its sights set on new industries for new anti-monopoly investigations: primarily the oil, telecommunications, banking and automotive industries.
Sep. 10 , 2013Growth rates in Chinese automobile exports have been changing very drastically as of late. In 2012, as domestic car sales continued to flounder, own brand and joint venture manufacturers begun turning their eyes towards foreign markets. As a result, export growth rates reached new highs, with the total export volume for the year exceeding one million units. In contrast, the domestic market has been a lot more promising over the first half of this year, while export sales fell nearly one percent.
Aug. 30 , 2013Great Wall Motor, China’s leading SUV manufacturer, has exceeded expectations to become the country’s best performing own brand manufacturer for the first half of the year. Great Wall’s progressive marketing strategy and unique product lineup have been major factors behind its strong performance. The manufacturer reported year-on-year sales growth of 43.5 percent over the first half of the year, 17 percent above the industry average. Two of its key models, the Haval H6 and M4 have both entered the top ten sales charts for their respective segments.
Aug. 30 , 2013