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	<title>China Ever</title>
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	<link>http://www.chinaever.com</link>
	<description>Chinese Information Portal</description>
	<lastBuildDate>Fri, 23 Sep 2011 08:28:44 +0000</lastBuildDate>
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		<title>China has invested $ 40 billion to Africa</title>
		<link>http://www.chinaever.com/2011/09/23/china-has-invested-40-billion-to-africa/</link>
		<comments>http://www.chinaever.com/2011/09/23/china-has-invested-40-billion-to-africa/#comments</comments>
		<pubDate>Fri, 23 Sep 2011 08:28:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[investment]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=73</guid>
		<description><![CDATA[For all the time of cooperation until the end of 2010, Chinese government and the companies have invested a total of $ 40 billion in various projects in 50 African countries and regions. The funds were directed to more than 2000 enterprises. China has become Africa&#8217;s main trading partner. These data were presented at a [...]]]></description>
			<content:encoded><![CDATA[<p>For all the time of cooperation until the end of 2010, Chinese government and the companies have invested a total of $ 40 billion in various projects in 50 African countries and regions.</p>
<p>The funds were directed to more than 2000 enterprises.</p>
<p>China has become Africa&#8217;s main trading partner.</p>
<p>These data were presented at a symposium on investment cooperation between China and Africa, which has become an important part of the 15th China International Trade and Investment Fair.</p>
<p>Direct investments had totaled $ 13.04 billion of the total Chinese investments in sub-Saharan continent by the end of last year.</p>
<p>Only for 2010 the figure had been $ 2.11 billion. This is by 46.8% more than in 2009.</p>
<p>Africa ranked fourth among the largest Chinese investment overseas destinations.</p>
<p>In some African countries, including Zambia, Nigeria, Ethiopia, Chinese businessmen have established six specific areas of trade and economic cooperation.</p>
<p>By the end of 2010, up to $ 328 million had been invested in infrastructure construction in these zones.</p>
<p>Agreements on the cooperation with 137 companies were signed, and real investment is estimated at $ 1.084 billion.</p>
<p>At the same time, cooperation in these areas has already been successful.</p>
<p>Thus, the total sales of enterprises in the zones amounted to approximately $ 3.5 billion, and the amount of tax revenues of local governments reached $ 119 million.</p>
<p>In addition, up to 10 000 new jobs were created.</p>
<p>According to the Ministry of Commerce of China, by the end of 2009, Chinese investment in the mining industry of African countries will be 29% of total world investments.</p>
<p>In 2007, the volume of oil imports from Africa to China amounted to 12.5% of the total African oil exports.</p>
<p>Add that a high level symposium on investment cooperation between China and Africa was held in Xiamen on September 8, 2011.</p>
<p>It was organized by the Ministry of Commerce of China and the United Nations Industrial Development Organization (UNIDO).</p>
<p>The organizers of structures for Investment Promotion of the more than 30 African countries took part in the symposium.</p>
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		<title>China will become the second international aviation market</title>
		<link>http://www.chinaever.com/2011/09/22/china-will-become-the-second-international-aviation-market/</link>
		<comments>http://www.chinaever.com/2011/09/22/china-will-become-the-second-international-aviation-market/#comments</comments>
		<pubDate>Thu, 22 Sep 2011 08:27:12 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[market]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=71</guid>
		<description><![CDATA[The next 20 years the Republic of China will need five thousand aircrafts worth up to $ 600 billion. Thus, by 2030 China will become the second largest aviation market in the world. This is the forecast of experts from American Aircraft Corporation Boeing. Among the reasons for this rapid growth in demand on cruise [...]]]></description>
			<content:encoded><![CDATA[<p>The next 20 years the Republic of China will need five thousand aircrafts worth up to $ 600 billion.</p>
<p>Thus, by 2030 China will become the second largest aviation market in the world.</p>
<p>This is the forecast of experts from American Aircraft Corporation Boeing.</p>
<p>Among the reasons for this rapid growth in demand on cruise vehicles, airline specialists called the rapid economic development of China, the country&#8217;s trade expansion, continued growth of personal well-being of the Chinese and the liberalization of Chinese market.</p>
<p>According to preliminary estimations of experts from Boeing, five thousand new aircrafts, which will required by China, 4180 will cover the needs of the increasing demand.</p>
<p>And the other ships will replace the old ones.</p>
<p>American Air Corporation Analysts believe that the next 20 years the number of international flights operated by Chinese air carriers will grow rapidly and will exceed the number of domestic flights.</p>
<p>In March 2011, it was reported that China&#8217;s holding HNA Group plans to buy new planes from Airbus and Boeing.</p>
<p>Soon, the signing of several agreements and memorandums on understanding is expected.</p>
<p>Dassault Aviation S.A. and Gulfstream Aerospace and are also considered among aircraft manufacturers.</p>
<p>The holding HNA Group consists of 11 airlines.</p>
<p>Group diversifies its investments by directing investments in airports, hotels and other sectors of the economy.</p>
<p>According to the International Air Transport Association, the volume of international passenger traffic in China will grow by 10.4% per year.</p>
<p>Until 2014 Chinese market will show the highest growth rates in the world.</p>
<p>Recall that in January 2011, China has agreed to purchase 200 aircrafts of Boeing.</p>
<p>Expected delivery dates are 2011 and 2013.</p>
]]></content:encoded>
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		<title>China takes the first place in the growth of investment in the U.S.</title>
		<link>http://www.chinaever.com/2011/09/20/china-takes-the-first-place-in-the-growth-of-investment-in-the-u-s/</link>
		<comments>http://www.chinaever.com/2011/09/20/china-takes-the-first-place-in-the-growth-of-investment-in-the-u-s/#comments</comments>
		<pubDate>Tue, 20 Sep 2011 09:26:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[investment]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=69</guid>
		<description><![CDATA[Until 2010, China has invested to $ 6 billion in the economy of the United States of America. China ranked first in investment growth in the U.S. economy. According to the representative of U.S. Department of Commerce Barry Johnson at the China International Trade and Investment Fair in Xiamen, from 2005 to 2010 the volume [...]]]></description>
			<content:encoded><![CDATA[<p>Until 2010, China has invested to $ 6 billion in the economy of the United States of America.</p>
<p>China ranked first in investment growth in the U.S. economy.</p>
<p>According to the representative of U.S. Department of Commerce Barry Johnson at the China International Trade and Investment Fair in Xiamen, from 2005 to 2010 the volume of direct Chinese investment in the U.S. economy grew by 53%.</p>
<p>According to official figures, China is investing in the economy 178 countries and regions.</p>
<p>Until 2010, the total amount of taxes paid by Chinese companies outside China has reached $ 11.7 billion.</p>
<p>780 000 former unemployed people are working in foreign companies in China now.</p>
<p>For 2010, direct investment by Chinese companies abroad has totaled $ 68.81 billion.</p>
<p>This amount exceeded the level of 2009 by 41% and is 5.2% of total world investment.</p>
<p>China ranked fifth in terms of direct investment in other economies.</p>
<p>This was previously reported by China State Administration of foreign exchange control.</p>
<p>Recall that according to preliminary forecasts, in 2013 the level of Chinese investments in other countries&#8217; economies will rise to $ 100 billion.</p>
<p>The volume of Chinese investment fund will be $ 500 billion.</p>
<p>Currently, the ratio of capital attracted to the country and Chinese investment abroad are one to two.</p>
<p>It is expected that by 2015 this proportion will have been 1:1.</p>
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		<item>
		<title>China became the largest art market</title>
		<link>http://www.chinaever.com/2011/09/19/china-became-the-largest-art-market/</link>
		<comments>http://www.chinaever.com/2011/09/19/china-became-the-largest-art-market/#comments</comments>
		<pubDate>Mon, 19 Sep 2011 08:25:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Travel]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[market]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=67</guid>
		<description><![CDATA[Among Chinese connoisseurs, who can afford to spend a lot of money on items of high art, the commemorative items relating to famous films and people are especially popular. According to European experts, for the past twenty years, the cost of such purchases by Chinese rich men has risen 10 times. Note that there are [...]]]></description>
			<content:encoded><![CDATA[<p>Among Chinese connoisseurs, who can afford to spend a lot of money on items of high art, the commemorative items relating to famous films and people are especially popular.</p>
<p>According to European experts, for the past twenty years, the cost of such purchases by Chinese rich men has risen 10 times.</p>
<p>Note that there are from 400 to 500 billionaires in China now.</p>
<p>The country occupies first place in the world in the number of billionaires.</p>
<p>And they prefer to invest money in art and antiques, as the price of the property does not depend on market fluctuations.</p>
<p>As a rule, things of European and American celebrities are subjects that certainly attract the attention of Chinese collectors.</p>
<p>In October 2011, Macao will hold the auction of celebrity&#8217;s accessories. Marilyn Monroe&#8217;s dress, Madonna&#8217;s bras, plate with the signature of John Lennon and others will be exposed there.</p>
]]></content:encoded>
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		<title>Piano song tabs for free</title>
		<link>http://www.chinaever.com/2011/07/20/piano-song-tabs-for-free/</link>
		<comments>http://www.chinaever.com/2011/07/20/piano-song-tabs-for-free/#comments</comments>
		<pubDate>Wed, 20 Jul 2011 09:14:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=63</guid>
		<description><![CDATA[Vacations, journeys, joy…During the working period people think about, are looking forward to, arrange and finally have vacation. It&#8217;s not a secret that we appear to be all different subsequently people tend to have a great variety of tastes. Some of us are incapable of imagining a holiday without azure sea, sandy beach, beautiful views, [...]]]></description>
			<content:encoded><![CDATA[<p>Vacations, journeys, joy…During the working period people think about, are looking forward to, arrange and finally have vacation. It&#8217;s not a secret that we appear to be all different subsequently people tend to have a great variety of tastes.</p>
<p>Some of us are incapable of imagining a holiday without azure sea, sandy beach, beautiful views, warm climate together with wonderful tan. Some can&#8217;t live without camps combined with long mountain trips, that include climbing, cooking in the fire as well as sleeping under the sky. Some are interested in walking through old cities and towns, arriving at the souvenir shops, observing life of local people, travelling to historical ruins belonging to different ages. Some are not interested in leaving the city These people would like to engage with all the things that they did not have the ooportunity to enjoy when they went to work e.g.</p>
<p>Waking up at midday, staying up till midnight, making friends, reading books, buying things or just doing nothing. Nevertheless, holiday also gives us the chance to master a new gift, to find a new interest, to learn a thing that you have always wanted to study, to impress beloved as well as just people you know. Why not guitar playing, for instance? You are probably thinking it will become a hard as well as time-consuming procedure and that music learning should be boring. Some time ago you would not be mistaken, nevertheless at present it is in the past. Mastering any musical instrument becomes easy.</p>
<p>The <a href="http://www.tabbest.com">acoustic guitar chords</a> will definitely give the opportunity to study it faster and make the the learning process real fun. You do not have to do tiring exercises or reading notes, long practise. Now you can learn how to play a musical instrument practicing the songs you like which will definitely make the process more fun. Now you can browse and have <a href="http://www.tabbest.com/types/chords.html">guitar chords</a> you desire.</p>
<p>So you can practise and masterplaying the guitar not having to make any additional efforts. Just search for the song and practise! Internet has to show you vast catalogues of songs not mentioning <a href="http://www.tabbest.com/types/piano_tab.html">piano song tabs</a>. Do not waste great advantages open to you nowadays!</p>
]]></content:encoded>
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		<title>The radiation situation in the PRC after the accident in Japan remains normal</title>
		<link>http://www.chinaever.com/2011/03/18/the-radiation-situation-in-the-prc-after-the-accident-in-japan-remains-normal/</link>
		<comments>http://www.chinaever.com/2011/03/18/the-radiation-situation-in-the-prc-after-the-accident-in-japan-remains-normal/#comments</comments>
		<pubDate>Fri, 18 Mar 2011 13:31:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=61</guid>
		<description><![CDATA[BEIJING, March 15. Radiation Situation in China after the accident at Japanese nuclear power plant caused by the earthquake, is still normal, said on Tuesday the Ministry of Environment. &#8220;At the moment the tests conducted across the country did not reveal any irregularities in the radiation situation. All nuclear power plants are operating in normal [...]]]></description>
			<content:encoded><![CDATA[<p>BEIJING, March 15. Radiation Situation in China after the accident at Japanese nuclear power plant caused by the earthquake, is still normal, said on Tuesday the Ministry of Environment.</p>
<p>&#8220;At the moment the tests conducted across the country did not reveal any irregularities in the radiation situation. All nuclear power plants are operating in normal mode,&#8221; &#8211; said in a statement of Ministry released on Tuesday. Starting from March 12, by order of the Ministry, monitoring of the radiological situation around the country has been intensified in China.</p>
<p>According to preliminary data, the excess level of radiation has not been found in East China Sea, 1,5 thousand kilometers from Japanese nuclear power plant, Fukushima-1, where the explosion occurred after the earthquake. Currently, environmentalists continue enhanced monitoring of the situation.</p>
<p>Now Japan has a team of Chinese rescuers. On Monday, the Ministry of Commerce announced the shipment of humanitarian aid worth 4.7 million dollars to the affected regions.</p>
<p>On Tuesday, Chinese department of Red Cross announced the allocation of additional aid of 5 million yuan (758,000 dollars) in aid to victims of disaster areas of the country of the rising sun.</p>
<p>On Monday, President of China Hu Jintao sent a telegram with the words of condolence and support to the Emperor of Japan.</p>
<p>Magnitude 9.0 earthquake occurred in Japan on March 11, it caused a tsunami with height of more than ten meters. After the earthquake, the regime of emergency because of the failure of the cooling system, was introduced on Japanese nuclear power plants, Fukushima-1 and Fukushima-2. On March 12, there was an explosion on Fukushima-1.</p>
<p>The evacuation was announced within a radius of 20 kilometers around the power plant.</p>
<p>On Monday, an explosion occurred on the third power unit of the same plant.</p>
<p>On Tuesday, an explosion occurred on the second power unit of Japanese nuclear power plant, Fukushima-1. Later on Tuesday Japanese government reported a fire on the fourth nuclear power plant unit.</p>
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		<title>3001 producers of counterfeit goods have been detained in China</title>
		<link>http://www.chinaever.com/2011/03/17/3001-producers-of-counterfeit-goods-have-been-detained-in-china/</link>
		<comments>http://www.chinaever.com/2011/03/17/3001-producers-of-counterfeit-goods-have-been-detained-in-china/#comments</comments>
		<pubDate>Thu, 17 Mar 2011 13:30:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=59</guid>
		<description><![CDATA[Beijing, March 16 &#8211; Chinese law enforcement officers found and detained 3,001 manufacturers of counterfeit consumer goods. They produced a variety of counterfeit goods &#8211; from pharmaceuticals to mobile phones, including well-known brands of Nokia and Apple. Approximately 26,000 counterfeit electrical appliances were seized from the detainees. In addition, fraudsters produced fake alcoholic drinks in [...]]]></description>
			<content:encoded><![CDATA[<p>Beijing, March 16 &#8211; Chinese law enforcement officers found and detained 3,001 manufacturers of counterfeit consumer goods.</p>
<p>They produced a variety of counterfeit goods &#8211; from pharmaceuticals to mobile phones, including well-known brands of Nokia and Apple.</p>
<p>Approximately 26,000 counterfeit electrical appliances were seized from the detainees. In addition, fraudsters produced fake alcoholic drinks in large quantities.</p>
<p>The investigation had been lasting for almost five months. Earlier, China&#8217;s trading partners in the international arena appealed to Chinese authorities to take control of black market.</p>
<p>Chinese government has promised that a number of measures that give tangible results will be undertaken.</p>
<p>Recall that in the past, law enforcement authorities of China have counted the money saved from the machinations of swindlers for eight years in the circulation of securities of securities.</p>
<p>Damage, which Chinese state managed to escape, is 30 billion yuan ($ 4.5 billion).</p>
<p>Since 2002, Chinese investigators have completed the investigation of 150 major cases of fraud in the circulation of securities and futures markets, reported the Ministry of Public Security of China.</p>
<p>In general, funds in excess of 200 billion yuan featured in these matters.</p>
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		<title>China monitors radiation on Russian-Chinese border</title>
		<link>http://www.chinaever.com/2011/03/16/china-monitors-radiation-on-russian-chinese-border/</link>
		<comments>http://www.chinaever.com/2011/03/16/china-monitors-radiation-on-russian-chinese-border/#comments</comments>
		<pubDate>Wed, 16 Mar 2011 13:29:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=55</guid>
		<description><![CDATA[Next three days, a leak of radioactive substances after the accident at the nuclear power plant in Japan, will mainly affect central and northern Japanese island of Honshu and won&#8217;t have impact on China. According to Xinhua, the experts of Regional Specialized Meteorological Centre of the World Meteorological Organization in Beijing came to this conclusion. [...]]]></description>
			<content:encoded><![CDATA[<p>Next three days, a leak of radioactive substances after the accident at the nuclear power plant in Japan, will mainly affect central and northern Japanese island of Honshu and won&#8217;t have impact on China.</p>
<p>According to Xinhua, the experts of Regional Specialized Meteorological Centre of the World Meteorological Organization in Beijing came to this conclusion.</p>
<p>According to the forecast weather, rainy weather is expected in Japan at night on March 15 and day March 16 in the earthquake zone and in the zone of the leakage of radioactive substances, and on March 17 there will be a cloudy weather.</p>
<p>Precipitation, on the one hand, will contribute to the sedimentation of radioactive substances, on the other hand, will have a negative impact on efforts to eliminate the consequences of impact of elements.</p>
<p>As previously reported state management of nuclear safety at the Ministry of Environment of China, according to results of monitoring in China, no radiological abnormalities have not yet reported. All active units of Chinese nuclear power plant are in a safe condition.</p>
<p>In accordance with the requirements of the Ministry, the agency monitoring the radiation situation of northeastern province of Heilongjiang recently sent workers with technical equipment in Dongning County, which borders on Russia, to monitor radiation level.</p>
<p>In connection with the explosions at nuclear power plants in Japan, the Ministry of Environment of the PRC on March 12 demanded that the subordinate services of Heilongjiang, Jilin, Liaoning, Hebei, Shandong, Jiangsu, Zhejiang, Fujian and Guangdong, as well as the cities of Tianjin, Beijing and Shanghai to take the necessary measures to strengthen control over the level of radiation on their territories.</p>
<p>Since March 15, the areas of Sino-Russian border have been included in this list in the supplementary order.</p>
<p>According to the ministry, the raise of radiation level has not yet been recorded in the above mentioned areas of China.</p>
<p>On March 11, the accident occurred at Japanese Nuclear Power Plant &#8220;Fukushima-1&#8243;, caused by a powerful magnitude 9 earthquake.</p>
<p>The accident resulted in a leak of radioactive substances. Subsequently, emergencies occurred at some other nearby nuclear power plants.</p>
<p>Accidents and emergencies at Japanese nuclear plants &#8220;Fukushima-1&#8243;, &#8220;Fukushima-2&#8243;, &#8220;Oganava&#8221; and &#8220;Tokai&#8221; began after the tsunami, caused by a powerful earthquake, that led to blackouts. Thus reactor cooling system got out of order.</p>
<p>Recall also that the accidents on &#8220;Fukushima-1&#8243; were followed by radiation leaks and emissions of harmful substances.</p>
<p>In the area of ​​nuclear plants, radiation was up to 400 millisieverts per hour, which is almost 1000 times higher than the maximum allowable index (500 microsieverts per hour).</p>
<p>As previously informed by company-operator of the plant, the radiation level at the gate of the plant &#8220;Fukushima-1&#8243; has grown to 10 millisieverts per hour (about 10 thousand microsieverts).</p>
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		<title>China has abolished capital punishment for 13 types of economic crime</title>
		<link>http://www.chinaever.com/2011/03/10/china-has-abolished-capital-punishment-for-13-types-of-economic-crime/</link>
		<comments>http://www.chinaever.com/2011/03/10/china-has-abolished-capital-punishment-for-13-types-of-economic-crime/#comments</comments>
		<pubDate>Thu, 10 Mar 2011 15:02:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.chinaever.com/?p=52</guid>
		<description><![CDATA[The opponents of capital punishment and human rights advocates are skeptical that the changes in the penal code would reduce the number of executions in which the Celestial Empire is firmly ranked first in the world. Humane and unprecedented amendments to the Criminal Code in 1979 were approved on Friday at a regular session of [...]]]></description>
			<content:encoded><![CDATA[<p>The opponents of capital punishment and human rights advocates are skeptical that the changes in the penal code would reduce the number of executions in which the Celestial Empire is firmly ranked first in the world.</p>
<p>Humane and unprecedented amendments to the Criminal Code in 1979 were approved on Friday at a regular session of the Standing Committee of the NPC, which ended in Beijing, according to China.org.cn.</p>
<p>Chinese authorities canceled a maximum penalty which is capital punishment for 13 types of economic crimes. Abolishing the death penalty for economic crimes is also a huge step forward.</p>
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		<title>Volvo is betting on expansion in China</title>
		<link>http://www.chinaever.com/2011/03/09/volvo-is-betting-on-expansion-in-china/</link>
		<comments>http://www.chinaever.com/2011/03/09/volvo-is-betting-on-expansion-in-china/#comments</comments>
		<pubDate>Wed, 09 Mar 2011 15:02:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Swedish Volvo Cars, bought by Chinese Zhejiang Geely, intends over the next five years to invest up to $ 11 billion in business expansion to double the production of vehicles. The main emphasis, as expected, will be put on expansion in China. Analysts, however, doubt that the company will achieve its goals. Geely has purchased [...]]]></description>
			<content:encoded><![CDATA[<p>Swedish Volvo Cars, bought by Chinese Zhejiang Geely, intends over the next five years to invest up to $ 11 billion in business expansion to double the production of vehicles.</p>
<p>The main emphasis, as expected, will be put on expansion in China. Analysts, however, doubt that the company will achieve its goals.</p>
<p>Geely has purchased Volvo from Ford in August 2010 for 1.5 billion dollars by promising to save the power of the auto-maker in Europe.</p>
<p>Last Friday in Beijing, the company&#8217;s management announced its plans to develop the company.</p>
<p>In particular, Volvo intends to invest in its business 10-11 billion dollars over the next five years.</p>
<p>Much of these funds will go to China. By 2013, the company will build a plant in Chengdu (south-west China) which will be capable of producing 100 thousands.</p>
<p>It is also considering the possibility to build a plant in the north-eastern Daqing.</p>
<p>In addition, in Shanghai there will be the headquarters of Volvo in China and a centre of design, development and supply. &#8220;China is playing an important role in this plan of growth.</p>
<p>We also look forward to significant growth in the U.S., Europe, and in the extremely attractive foreign markets like Australia and Brazil,&#8221;- said General Director of Volvo Cars, Stefan Jacoby.</p>
<p>In addition, money will be invested in the creation of new models, platforms and power plants.</p>
<p>Volvo intends to attract the required funds from Geely, from European investment banks and the governments of Belgium, where the production facilities are located.</p>
<p>By opening up production sites, Volvo expects to increase sales in China from 30,5 thousand to 200 thousand vehicles by 2015.</p>
<p>For comparison, Audi sold 228 thousand cars here last year, BMW &#8211; 169 thousand cars, and Daimler &#8211; 148 thousand cars.</p>
<p>At the same time, the Chinese have bought 495 thousand cars produced by Geely last year.</p>
<p>Car sales in China, a major automotive market in the world, grew in 2010 by one third, which is 18.1 million units (including light trucks and buses).</p>
<p>Analysts took Volvo plans with scepticism. &#8220;They will build a factory next to the existing company Geely, and this is a big plus.</p>
<p>They intend to export cars from China to other Asian countries, and it&#8217;s a great idea. The problem is that they put too ambitious production targets for a very short time.</p>
<p>They start with a very small level, and I&#8217;m not sure they will succeed&#8221;, &#8211; told the analyst of IHS Global Insight Paul Newton to RBC daily. Although in general Chinese support is definitely good for Volvo, he added.</p>
<p>Business development in China should help Volvo to achieve even more ambitious goal &#8211; to double car production, up to 800 thousand units over the next ten years.</p>
<p>In 2010, Volvo sold 373.5 thousand cars around the world. Last year, Volvo got profit for the first time since 2005, and, according to Mr. Jacoby, the Group intends to consolidate this result, in 2011.</p>
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