China
Gree Plans for Banking Business
In its September 25 bulletin, Gree admitted that it plans to conduct banking business. Its subsidiary Zhuhai Gree Group Finance has contacted with shareholders of Zhuhai Hengqin Village Bank. Up to no...
Qinghai Stimulates Green Building Development
Qinghai Provincial Bureau of Housing and Urban-Rural Development held conference to promote green building initiative implementation plan and green building evaluation standards. At the conference, two-star green building certificates were presented to six projects approved in the first batch. And RMB 5.57 million worth of provincial bonus was also distributed. Experts from China Academy of Buildi...
Teco Screw Chillers Win Bid for First Seven-star Hotel
Teco won the bid for Qingdao Lalu Seven-star Hotel, showing another success of its expansion in high-tier hotels. Qingdao Lalu Hotel is the first seven-star hotel to be built in Mainland China which i...
China Plans to Increase Energy Saving Subsidy
It was expressed by officials from China National Development and Reform Commission (NDRC) on October 10 that the actual progress of the 12th Five-year Plan on energy saving and emission reduction has lagged far behind the target. According to the Plan, 16% of energy consumptions will be reduced per unit GDP in five years, however, only 5.5% were reduced in the first two years, fulfilling 32.7% of...
Wolong Acquires Midea Motor
According to the Wolong bulletin released on October 15, Midea Group, Midea International, and Hong Kong Wolong Holding Group (wholly owned subsidiary of Wolong Electric Group) signed equity transfer ...
Sales of TCL Air Conditioners Grows by 30% in January-Septem
TCL Group business forecast for the first three quarters of 2013 and product sales bulletin for September were released on October 10. It is estimated that in the first three quarters, net profits of ...
Hisense Hitachi Receives Quality Award
Recently, Hisense Hitachi was awarded ‘credible enterprise of product quality and service quality’ during the 2013 China Quality Promotion Campaign. Since 1990s, China Quality Promotion Campaign has become one of the most influential social activities on quality supervision in China. Receiving the award indicates the affirmation of quality supervision departments on the product and service ...
Anhui to Implement Green Building Standard
Anhui Propagation and Implementation Meeting on Green Building Evaluation and Labeling was held, co-organized by Anhui Province Product Quality Supervision and Inspection Institute and Building Branch of Anhui Real Estate Chamber of Commerce. It was aiming to implement the green building standard in government-invested public buildings, and large public buildings such as airports, stations and sup...
Toshiba Launches SMMSc Series VRFs
As learned from 2013 Xiasha New Product Launch held by Toshiba Carrier, Toshiba’s plant at Xiasha, Hangzhou will start producing more indoor and outdoor units of VRF systems by the end of 2013. The ne...
Kinghome Aiming at Selling 1.5 Million Refrigerators
Kinghome, a distributor of Gree, has set refrigerator sales target at 1.5 million units this year through Gree’s distribution system. After years of development. Kinghome has been gradually accepted by the market. Kinghome has been devoted to its refrigerator production since its establishment in 2006. To ensure superior quality and industry leadership, Kinghome has invested RMB 100 million...
Gree to Build Production Base in Hunan Province
Hunan Provincial Government delegation visited Gree headquarters in Zhuhai and met Gree Chairman Dong Mingzhu. The two parties talked about Gree’s production base construction and product promotion in...
Gree Centrifugal Chiller Cumulative Shipment Exceeds 100 Uni
According to Gree, the cumulative shipment of its self-developed DC inverter centrifugal chillers has exceeded 100 units, signifying that Gree’s efforts in centrifugal chillers have been recogni...
