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Zhongkun pledges to fight for Iceland project

Huang Nubo, chairman of Beijing-based Zhongkun Investment Group, is planning to protest directly to the Icelandic government after it ordered him to reapply for permission to go ahead with a major tourist project on the northeast coast of the island.

Beijing Automotive to produce minibuses in S. Africa

Beijing Automotive Group Co Ltd has set up a joint venture in South Africa to assemble minibuses, according to a report in gasgoo.com on Tuesday.

Shougang transforms factory into theme park

Shougang Group, one of China's largest steel makers, plans to invest 10 billion yuan ($1.6 billion) to build an industrial-themed park on its former site in southwest of Beijing.

Dream factory

Shougang steel plant's 'iron rice bowl' was turned upside down by the factory's relocation, but the abandoned site's transformation into a cultural industry zone offers new opportunities.

Wearing new hats for the chance to stay

Relocation has never been easy, says Liu Luguang, who was once a furnace man at steel maker Shougang Corp's now abandoned plant and stayed on at the site as an engineer as the area is transformed into a creative industries zone.

Truck firms revving up

After years of unsuccessful attempts to enter the Chinese market, foreign truck brands are changing direction in a bid to drive up sales. They are looking to partner with local truck companies and launch lower-end product lines.

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