Lenovo Group, the world's third-largest computer maker, squeezed into the black in the fiscal first quarter ended-June, Reuters reported.

The recent thresholds Lenovo faces aboard have their roots in flawed sales and marketing strategies, China Business Post reported.  

LS Cable Ltd, South Korea's largest cable maker, aims to increase sales in China from US$150 million this year to US$1 billion, the China Daily reported.

Germany’s Lansexx AG said it is of surging demand to transfer the chemical plant from Texas to Shandong China, reported Wall Street Journal.

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Starting from 1 June this year, the maximum discount that auto insurers can offer to policy holders will be limited to 30%. The new policy may rescue insurers from massive losses, but at the same time, it should have little effect on policyholders in general....

Currently just 80 million units are owned in China, so there should be ample room for growth. After a height of 20 million units sold in 2003, the market stagnated in 2004, and actually contracted in 2005. Sales fell 7.8% last year, as scares over toxicity and a host of other problems plagued manufacturers.

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