Toyota Australia announced on Monday that it will stop making cars in Australia by 2017. This much anticipated decision, following similar moves by Ford and General Motor Holden last year, has marked an end to the country's car manufacturing industry.
The purchasing managers index for China's non-manufacturing sector rose to 56.3 percent in October, the highest in the last 12 months, confirming the stabilizing trend of the Chinese economy.
The purchasing managers' index (PMI) for China's non-manufacturing sector stood at 53.9 percent in June, down from 54.3 percent in May, according to official data released on Wednesday.
China plans to invest in locally-invented 3D printing technologies to boost its manufacturing power, according to a senior industrial official.
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