Sany Heavy Industry Co Ltd, China's largest construction equipment group, will buy a leading German machinery producer as the company seeks to expand globally amid slower growth for the domestic construction industry.
On Jan 5, 2012, Zhangjiajie customs, the sixth customs affiliated to Changsha customs, People's Republic of China (PRC), opened and started operation. It will greatly facilitate the enterprises in Zhangjiajie and Wuling mountain areas for export declaration.
The State Council gave its approval to the southern Hunan national demonstration area for undertaking an industrial transfer and its project of poverty alleviation and development of the Wuling Mountain Area.
The volume of import and export of Hunan province reached $19 billion in 2011, ranking 21st in China. The export volume amounted to $9.9 billion and the import reached $9.1 billion, an increase of 29.6 percent and 7.2 percent higher than China’s average growth rate.
A locomotive producer in central China's Hunan province on Friday rolled out a low-cost magnetically levitated (maglev) train that is more environmental-friendly than conventional ones.
