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Jet Asia Appoints CITS

Jet Asia

Jet Asia

Jet Asia announces its appointment of CITS Air Service Co., Ltd. as its General Sales Agent in China effective immediately. CITS Air Service, a subsidiary of China International Travel Service Co., Ltd, China’s largest integrated travel network, will take responsibility of local commercial activities including sales, marketing and reservations. [Read more…]

Vision China Media Contempt motion

Vision China Media

Vision China Media

Oak Investment Partners and Gobi Partners have filed a contempt motion in the New York State Supreme Court against VisionChina Media, Inc. (Nasdaq: VISN) and its subsidiary, Vision Best Ltd., for their failure to transfer $60 million into New York State by August 21, 2012. [Read more…]

China GDP Slows

China Economy slows

China Economy slows

China is slowing. Now the second-largest economy, the East Asian giant has to ease its pace to keep from stumbling in its quest for prosperity. The National Bureau for Statistics released numbers today showing annual GDP growth in Q1 2012 of 8.1%, a continuation of the two-year slowing trend that follows the post-crisis rebound. [Read more…]