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Industry in Asia

  • China auto sales growth slows in May

    CHINA, 2013/06/11 The country's vehicle sales rose 9.8 % year-on-year last month to 1.76 million units, the China Association of Automobile Manufacturers said. In April, vehicle sales in China — the world's major auto market — had surged 13.4 % on the year.  Growth in China's auto sales slowed in May from a double-digit rise in April, an industry group said, as new data fueled concerns that the world's second-biggest economy is faltering.

  • Chinese industrial production up 9.3% in April

    CHINA, 2013/06/06  Industrial output in China rose 9.3 % in April, the National Bureau of Statistics (NBS) said Monday, accelerating from March but below market expectations, underscoring sluggish increase momentum. The April figure was an development on an increase of 8.9 % in March but was still slower than a median estimate of 9.5 % increase in a poll of nine economists by Dow Jones Newswires.

  • Portuguese car parts company opens factory in Dalian, China

    CHINA, 2013/05/18 The Dalian factory, in northeast China, of Portuguese car components group Sodecia was inaugurated Wednesday, following an investment of 20 million euros, Portuguese news agency Lusa reported. Sodecia Dalian, which has around 200 workers, produces components for car transmissions, in this case for the Volkswagen group unit in that northern Chinese city.

  • Japan automakers step on profit accelerator

    JAPAN, 2013/05/13 The results cement a recovery next the quake-tsunami disaster two years ago devastated sales and production, although a additional recent diplomatic dispute between Tokyo and Beijing — and subsequent boycott of Japanese products — weighed on sales in China, the world's biggest vehicle market.

  • Italian industry eyes stronger foothold in Indonesia

    INDONESIA, 2013/05/07 Italian industrial firms expect to tap into Indonesia’s robust economic increase by strengthening their presence in the country through investment , a visiting industry group says. Giorgio Squinzi, the president of Italian Industry Association, Confindustria, said on Monday in Jakarta that Indonesia was one of the majority interesting nations in the Southeast Asian region as it continued strong economic expansion amid protracted slowdown in the world economy.

  • The diamond market in Surat, Indian market became the hub of the global diamond trade

    INDIA, 2013/05/01  At 6 p.m. in Madharpura, one of the diamond bazaars in this thriving city in southwestern India, it’s so jam-packed that it’s hard to walk between the parked motorbikes, vendors selling nuts and small temples from which incense emerges. Step inside the diamond market in Surat, where billions worth of the precious stone circulate every month. There are serious concerns about both security and origins.

  • New Malaysia strategies aim to spur rubber sector

    MALAYSIA, 2013/04/29 The Malaysian Rubber Board (MRB) is planning to launch a second edition of strategies for the local rubber industry within the next few months in view of new challenges and prolonged issues in the thriving industry, according to director-general Dr. Salmiah Ahmad.

  • Malaysia's reported online scams down by 50 %

    MALAYSIA, 2013/04/29 Malaysia has reported a nearly 50-% drop in reported online scams to 714 cases in the prime quarter of 2013 from 1,321 cases in the same period last year. Bank Negara, which provided these figures yesterday, refers to online scams as credit card frauds and Internet frauds such as “phishing” scams. 

  • Angola asks India to help develop the jewellery industry

    INDIA, 2013/04/22 Angola’s ambassador in India, Manuel Eduardo Bravo, has asked India to help develop the Angolan jewellery industry and train human resources involved in that activity. The request was presented during a Wednesday conference with India’s Minister of Mines, Dinsha Patel, with whom the ambassador examined the national of cooperation between the two nations in the area of geology and mines.

  • China's non-manufacturing sector grew in March

    CHINA, 2013/04/08 China's non-manufacturing sector grew in March, according to figures issued on Wednesday. The purchasing managers index (PMI) for the non-manufacturing sector stood at 55.6 % in March, up 1.1 percentage points from the previous month, the National Bureau of Statistics said in an online statement.
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