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Honda Auto Parts Manufacturing Co., Ltd. (CHAM), Honda's wholly owned automobile powertrain components production subsidiary in China, said in a statement today it began operations at its newly built plant Foshan City.
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Sales of passenger vehicles in China rose 20.55% year-on-year to 417,700 units in February, Forbes reported, citing Xinhua news agency.

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Home Inns & Hotel Management Inc., a Shanghai-based company operating a national budget hotel chain in China, said Wednesday higher revenue more than doubled fourth-quarter profit.
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Arcelor Mittal, the world's top steel maker, could increase its stake in China's Hunan Valin Steel Tube & Wire Co to one-third, Xinhua reported according to a stock exchange filing yesterday.
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Handheld computer and mobile phone maker Palm said Tuesday in a statement that it will work with the state-owned China Mobile Communications to expand Palm's presence in China.


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China will build an oil reserves base in southern Hainan province, Forbes reported, citing Xinhua news agency.
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Gome Group and Pacific Star, a real estate group in Asia, raised US$800 million for a fund to buy property in China, to take advantage of rising prices, International Herald Tribune reported.


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