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of . Automotive News Europe , Chevy starts from scratch in China, GM aims to challenge already established VW and Honda General Motors wants Chevrolet to be its volume brand in China and is trying desperately to persuade China's car buyers that it is cool to own a Chevy.But building a largely unknown brand in vast China will be expensive and difficult."Chevrolet has a double challenge," says Tom D oroff, CEO of Greater China for advertising firm JWT. "It has to create a brand image from scratch with a functional benefit and an emotional of words . Straits Times, The (Singapore) , Indonesia and China forge strategic partnership, Leaders of both countries seal economic and defence pacts BEIJING LEADERS of China and Indonesia yesterday sealed a series of economic and defence agreements, in a move which fleshed out a pledge by the two sides in for strategic partnership.The five pacts are on research and development in defence technology, donations to tsunami hit regions, economic and technical cooperation, a general loan agreement of US million (S million) worth of Preferential Buyer's Credit, and Chinese language teaching support.President of words . China Daily (Beijing) , China Daily: Mazda drives ahead with expansion plan Japan's Mazda Motor Co yesterday announced an increase in sales in China of more than per cent in the first half of this year.Mazda, . per cent owned by Ford Motor Co, sold , vehicles in China from through to , jumping . per cent from a year earlier, it said in a statement. The strong sales show that Mazda is "clearly on track" to attain its goal of selling over , vehicles in China this year, the company said. of words . SinoCast China IT Watch , SinoCast China IT Watch: Is it a gold mine or hard nut? BEIJING, , SinoCast The State Administration of Radio Film and Television (SARFT) announced that China Central Television (CCTV) formally tookover the newly established money losing state owned cable TV operator China CATV Network., Ltd (CHINA CATV). "CHINA CATV is suffering huge debts and losses, so it has to first survive by relying on CCTV," an industry analyst points out. With abundant capitals of CCTV, CHINA CATV is able to get access to operations of of words . South China Morning Post (Hong Kong) , South China Morning Post: Few city lenders can make the grade Jury is out on investments for another five years, survey finds Only of China's city commercial banks are considered investment grade by foreign financial executives, according to a recent survey by international accounting firm KPMG.Most foreign bankers believe that buying into a city bank is an easy way of establishing a toehold in China without putting much capital at risk. However, KPMG warned that only with a long term strategic view would such investments make sense. "Banking executives we spoke with generally held of words . South China Morning Post (Hong Kong) , South China Morning Post: Few city lenders can make the grade Jury is out on investments for another five years, survey finds Only of China's city commercial banks are considered investment grade by foreign financial executives, according to a recent survey by international accounting firm KPMG.Most foreign bankers believe that buying into a city bank is an easy way of establishing a toehold in China without putting much capital at risk. However, KPMG warned that only with a long term strategic view would such investments make sense. "Banking executives we spoke with generally held of words . China Daily (Beijing) , China Daily: US company gets handset licence California based UTstarcom is planning for a big push into China's mobile phone ket as part of its business diversification drive.The firm has secured a licence from the Chinese Government to make and sell GSM and CDMA handsets in the country. UTstarcom is awaiting the official granting of the licence from the National Development and Reform Commission (NDRC), said an official with UTstarcom, who asked not be named.UTstarcom started selling two GSM models and a CDMA of words . China Daily (Beijing) , China Daily: US company gets handset licence California based UTstarcom is planning for a big push into China's mobile phone ket as part of its business diversification drive.The firm has secured a licence from the Chinese Government to make and sell GSM and CDMA handsets in the country.

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