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May 9 – Nike Inc (NYSE: NKE) opened a "brand experience" store in Guangzhou, Guangdong's provincial capital. The 2,000m2 outlet is the largest sportswear retailing space in the city.
http://www.linkshop.com.cn/web/archives/2012/208038.shtml
May 9 – A California judge threw out Proview Electronics Co's lawsuit against Apple Inc's (Nasdaq: APPL) iPad trademark in China, the Wall Street Journal reported. Proview alleged that it was deceived when Apple acquired the iPad trademarks from it in 2009, and has made the same claims in a Guangdong court, which has urged them to reach a settlement.
http://online.wsj.com/article/SB10001424052702304363104577392582465423086.html
May 8 – Toyota Motor Corp (NYSE: TM) will introduce 20 hybrid vehicles models in China in the next three years, chairman Akio Toyoda said.
http://finance.qq.com/a/20120508/002375.htm
May 8 – AES Corp (NYSE: AES), a Virginia-based power company, said it plans to sell most of assets in China valued at $134 million after government-regulated electricity prices failed to pass on rising coal costs to consumers.
http://cn.reuters.com/article/chinaNews/idCNCNE84701020120508
May 8 – Credit Suisse Group AG (NYSE: CS) plans to boost capital at its Chinese joint venture and apply for a stock trading permit in the country after the government loosened restrictions on foreign investment banks, Bloomberg reported, citing Zhang Liping, the Swiss bank's CEO for the country. China agreed last week to let foreign investment banks raise their stakes in domestic joint ventures to 49%, up from 33%, and to shorten the qualification period for a trading license to from five years to two.
http://www.bloomberg.com/news/2012-05-08/credit-suisse-to-seek-china-stock-trading-permit-with-new-rules.html
May 8 – General Electric Co (NYSE: GE) has linked up with China XD Electric Co (SHA: 601179), an electrical equipment maker, to strengthen its position in the international market, the Financial Times reported. The partnership, which includes GE paying $535 million for a 15% stake in XD, will sell equipment for power transmission and distribution in China and around the world. GE will also sell XD's products worldwide, and take a 41% stake in a joint venture serving customers in China.
http://www.ft.com/intl/cms/s/0/db9c0bb2-9858-11e1-8617-00144feabdc0.html
May 4 – General Motors Co (NYSE: GM) said its sales volume in China rose 8.7% year on year to 745,000 units in Q1 2012. The nation became its largest single market in 2011 after 2.54 million vehicles were sold there, compared to 2.5 million in the US. Its sales in the country rose 12% year on year to 227,217 vehicles in April.
http://www.yicai.com/news/2012/05/1691489.html
$1 = ¥6.29
@2011 China Economy @ The China Perspective.
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