China has caught automobile fever, as rising disposable income among Chinese consumers has led to a boom in car sales. China overtook the United States in 2009 to become the world’s largest auto market, with 13.6 million vehicles sold during the year. Monthly demand for cars in China has doubled since January 2010. Shiny new purchases from GM, Toyota, Volkswagen, and Chinese automakers such as Geely and BYD are replacing the ubiquitous bicycle on China’s main thoroughfares.
Posts Tagged ‘Manufacturing’
Solar Module Maker Worldwide Energy Reports a Record First Quarter
Worldwide Energy and Manufacturing, USA, Inc. (OTC BB: WEMU) experienced another record-breaking first quarter. The U.S.-based solar module technology and China manufacturing company reported record revenue and earnings, marking Worldwide’s fourth consecutive quarter of revenue growth and record sales. The Company also announced notable increases in net income, earnings per share, and gross profit for the three months ended March 31, 2010. Worldwide’s solar division saw particularly strong gains in sales and gross profit.
China Linen reports strong 2009 earnings
Earlier this week CTXIF released very positive annual results with net revenue increasing 31.2% year-over-year and net income jumping nearly 63% to $6.02 million or $0.30 per share compared to 2008.With a pending NYSE Amex uplisting, CTXIF is well positioned to provide investors considerable upside.




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