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China Could Plow $15B Into Alt-Energy Cars

China Could Plow $15B Into Alt-Energy Cars

Aug. 4, 2010 (Chinavestor) In a bid to reduce its use of fossil fuels, China may invest $15 billion in alternative energy vehicles from 2011 to 2010, according to the Shagnhai Securities News. The spending initiative is part of a plan the the Ministry of Industry and Information Technology is expected to submit to the State Council later this month.

Analysts say the initiative appears legitimate and that the government could support the spending with subsidies, tax breaks and loans. Automotive giants Toyota (NYSE:TM), General Motors and BYD (BYDZ:CH) have said they plan to boost production of alternative energy cars to meet rising demand in China.

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Industry Watch

China Eastern Air Profit Up 50%

China Eastern Air Profit Up 50% July 15, 2010 (Chinavestor) China Eastern Airlines (NYSE:CEA), the second largest Chinese carrier, reported that profits surged to RMB1,173,507,000 ($173.1 million) for the first six months of th...
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Industry Watch

Progress of Absorption of Shanghai Airlines

Progress of Absorption of Shanghai Airlines June 30, 2010 (Press Release - Chinavestor) PROGRESS OF THE IMPLEMENTATION OF THE ABSORPTION OF SHANGHAI AIRLINES THROUGH SHARE EXCHANGE This announcement is made by the Company pursuant to Ru...
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Industry Watch

CTFO swings wild after 2010 Q1

CTFO swings wild after 2010 Q1  May 14, 2010 (Chinavestor) Excitement surrounding China Transinfo Technology Corp. (NASDAQ:CTFO) waned quickly as investors took a second look at the latest financials. While the company reporte...
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Industry Watch

China Eastern to benefit over $25 million from tax exempt rule

China Eastern to benefit over $25 million from tax exempt rule May 7, 2010 (Chinavestor) China Eastern Airlines (NYSE:CEA) (HKG:0670) (SHA:600115), the second largest Chinese carrier after the merger with Shanghai Airlines, estimates that net effects of the ta...
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