Mongolia is opening up its Tavan Tolgoi coal deposit to foreign investors. The site is located in the South Gobi desert near China’s northern border and has an estimated 6.4 billion metric tons of coal. Coal continues to be a major source of power generation in many countries including the U.S. where about 44% of …
The Global Finance magazine recently published the list of biggest banks in emerging markets. The table below lists the ten biggest banks in Asia for 2010. These banks were ranked based on their total assets as of September, 2010. The data was provided by Bankersalmanc.com. [TABLE=858] Note: *Asset figures provided by bank Chinese banks dominate …
Wish you all a Happy, Prosperous and Healthy New Year !!!! Lima, Peru (a famous American fast food shop is visible)
China became the largest car market in the world in China surpassing the U.S. Just over 40% of all car produced in China are made by domestic automakers such as Geely, Chery, Hafei, BYD, etc. Car production in China started to increase drastically since the late 1990s due to various government incentives that encouraged auto …
China is the largest auto market in the world. Through November this year auto sales is up 34% compares to 2009. The list of China’s top 10 automakers by sales as of November 2009 and their relative market share is shown below: RANKING AUTOMAKERS JAN-NOV SALES MKT SHR (PCT) VS 2009 Â 1. SAIC Motor (600104.SS) …