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What's New in China?BAIC builds electric car manufacture base Beijing Automotive Industry Holding Co (BAIC) is building an electric car manufacture base in Beijing, in a bid for reinforcing its competitive edge in the promising green energy vehicle segment. A moral question on car bans If you live outside the Fifth Ring Road of Beijing and work downtown, you'll fret about transportation one day every week when it's your turn to keep your car garaged. CNOOC earnings 'hit' by lower oil prices China's leading offshore oil producer CNOOC Ltd's pretax profit fell 46 percent in the first three quarters year-on-year due to lower crude oil prices this year, the Wall Street Journal reported yesterday, citing an unnamed source.
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