Porsche Panamera a Smash at the Shanghai Auto Show: 19 Sold in 30 Minutes
Porsche's Panamera made a staggering debut at the Shanghai Auto Show on April 19, the shimmering new speedster drawing oohs and aahs from the crowd of wondering onlookers. In the first 30 minutes after its unveiling, 19 personal orders were placed for the model by well-heeled Chinese car buyers.
Falling Power Generation in April= China's Economy Still in the Woods
Power generation and consumption is a leading economic indicator, a wind vane for future economic trends. A February bounce in power generation that continued in the first half of March was welcomed by economic policy makers, not least Premier Wen Jiabao, as a sign of recovery. It was, perhaps, a false hope as power generation again declined in late March. China Electricity Regulatory Commission officials predict a 4% decline in power generation in April.
Huawei Continued Torrid Growth in 2008 and into 2009
Despite the present deep valley in which the global telecoms industry finds itself due to the financial crisis, the growth of China's telecoms front-runner Huawei refuses to pull up. Figures just released show that Huawei's 2008 global sales income reached $18.33 billion, a leap of 42.7%, year on year. In 2007, sales income had totaled $12.56 billion, up 48% over 2006.
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