On Sunday, Hyundai Motors Co. announced that it has agreed to launch a truck manufacturing venture in China, worth a whopping $400 Million, in association with a local partner, as the company seeks to expand into an automobiles market which was recently designated as the worlds largest.

South Korea's largest maker of automobiles, Hyundai, confirmed that it assigned an initial agreement with Baotou Bei Ben Heavy-Duty Truck Co, China's commercial vehicles manufacturer, and a target of selling at least 100,000 vehicles across the country by 2014 has been set.

It has been recently reported that Honda Motor, Japan's giant automobiles manufacturer, is looking to build its fifth plant in China to combat the rapidly rising competition in the auto sector. Also, with the move, the company is looking to expand even further into the world's largest automobiles market.

China Huaneng Group and the country's State Nuclear Power Technology Corp have joined hands and launched a demonstration project that will utilize the country's own domestic technology, based purely on "knowhow first developed by Westinghouse", to build a nuclear power plant.

The project, which is mostly state-backed, has managed to take China a significant step forward in its efforts to take-up advanced nuclear power technology of its own, after years of reliance on foreign help and expertise.

SM Prime Holdings has shared that it is seriously looking at the option of putting in some of its Hong Kong based assets and properties under a Chinese Real Estate Investment Trust, a move with which the firm is looking to solidify its presence in the overseas market.

The REIT option is an alternative to an offshore public listing, but the company has not completely ruled that one out as yet.

On Friday, China Merchants Holdings signed a whopping $911 Million joint venture agreement to fuse together its port facilities in the area's Qingdao Port with those of its partners in the deal including COSCO Pacific and A. P. Moller Mearsk.

As confirmed by Qingdao Port, the merger would be much beneficial to China's second largest trade port in a time when the worldwide sector is in the process of restructuring in light of the recent global financial downturn.

On Friday, Beijing Autos shared that it is looking to explore "further cooperation" with General Motors' Saab Automobile like "new energy vehicles", and the development has followed an earlier announcement that the China based manufacturer would purchase Saab's car and engine technology from the struggling automobiles maker.

As confirmed by Beijing Autos' President Wang Dazhong, Saab is also looking for his firm to import and sell Saab brand vehicles in the Chinese automobile market, which this year has been designated the world's biggest auto sector.

According to a study of Jewish women in Ontario about one per cent carries a genetic mutation increasing the risk of breast and ovarian cancer. More than 50 per cent of those identified would not be eligible for DNA testing under current provincial rules.