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Private hospitals receive tax break

An advert for iKang, a leading private body-check and health management agency, invested in by companies including Merrill Lynch, in Nanjing, Jiangsu province. The Ministry of Finance said private health organizations will be eligible for preferential tax status, as the ...

Chinese lead Asia-Pacific in online overseas purchases

Chinese consumers represented the largest Asia-Pacific group of online shoppers buying from overseas websites in the past year, with a preference for clothing and shoes, a survey has found. Thirty-seven percent of respondents from the mainland have made purchases on overseas ...

Retail giant shrinks

Global retail giant Walmart is shrinking store sizes in China as it moves into second- and third-tier cities targeting rural consumers. Compared with a Walmart supercenter, which occupies about 10,000 square meters, Walmart's "compact hypermarkets" are around 3,000 to 5,000 ...

UPS eyes China parcel biz

A man works on a foreign-investment exhibition booth at the China International Industry Fair in Shanghai. [China Daily] United Parcel Service Inc (UPS), the world's largest package-delivery company, is gearing up to acquire a domestic parcel license from China's State Post ...

New Disneyland project launched in Shanghai

A perfomance in Hong Kong's Disneyland theme park. Shanghai's Disneyland received the green light from Chinese authorities last November. It was expected to cover a relatively small 4 square kilometers at a cost of 25 billion yuan (3.6 billion U.S. dollars). Walt Disney Co. inked ...

PepsiCo to invest US$2.5 bln in China

An employee supervises a bottling line at PepsiCo's Chongqing plant. PepsiCo plans to open 14 new plants for soft drinks, non-carbonated beverages and snacks and add production lines in existing facilities. [China Daily] US food and beverage giant PepsiCo has announced it will ...

Tycoon sentenced to 14 years in prison

File photo of Huang Guangyu. [Chinadaily.com.cn] Huang Guangyu, former chairman of Chinese electronics retail giant Gome, was sentenced to 14 years in prison Tuesday after being convicted of illegal business dealings, insider trading and corporate bribery. (Video) At the Beijing ...

Local water bottlers to sip from premium market

Bottles of premium water made by Yunnan Shangri-La Power Water Co Ltd are on display at a supermarket in Beijing. The capacity of the premium drinking water market will top 10 billion yuan in the next five years. [Nan Shan / For China Daily] Domestic firms are targeting China's ...

Starbucks to take China by storm with instant coffee

Starbucks VIA Ready Brew instant coffee is offered at a Starbucks coffee shop in Chicago, Illinois. Starbuck's instant coffee is already available in the United States, Canada, the United Kingdom and Japan. [China Daily] Global coffee chain Starbucks Corp is planning to launch ...

McDonald: Chemicals in chicken nuggets 'harmless'

A boy eats Chicken McNuggets at a McDonald's restaurant in Beijing on Monday. [China Daily] Following a CNN report in late June that claimed US McDonald's chicken nuggets contain traces of two "harmful" chemicals, the fast food giant's China division admitted on Monday that its ...

DHL ups shipping options

A pedestrian walks in front of a DHL billboard in Guangzhou. DHL reported revenue totaling 33.7 billion euros ($41.38 billion) globally in 2009. [China Daily] DHL, one of the world's leading logistics companies, announced the rollout of multi-modal services from China to overseas ...

Li Ning makes the change to catch up

China's sports goods industry giant LI-NING's founder Li Ning and CEO Zhang Zhiyong sit behind the new logo of their company. Li Ning Co, the Chinese sportswear maker endorsed by US basketball star Shaquille O'Neal, is undergoing a brand metamorphosis to revitalize and catch up ...

China Resources buys HK coffee chain

Established in 1992, Pacific Coffee operates 90 outlets, with 83 in Hong Kong, four in Singapore and three on the mainland. It also runs coffee outlets via franchise in Malaysia and Macau. China Resources Enterprise Tuesday agreed to pay HK$327 million (US$42 million) for 80 ...

Logistics consortiums to dot the nation soon

A workers loads packages at the Nanjing Railway Station. China's express business is expected to growth at 23 percent annually over the next five years. [China Daily] Large logistics consortiums are likely to emerge in China in the next five years as the country's logistics ...

Growth slows for social networking sites

Social networking sites (SNS) in China grew at a much slower rate in 2009 than in 2008, according to Analysys International, a technology market research firm. According to their latest statistics, SNS sites saw a 68.3-percent increase in registered users to 176 million, while ...

Huayi lines up 1b yuan for theaters

A Huayi Brothers cinema celebrates its grand opening in Chongqing municipality in June. [China Daily] Huayi Brothers Media Corp , the first movie studio publicly traded in China, plans to invest 1 billion yuan ($148 million) building a nationwide chain of movie theaters, ...

IMAX further expands in China

China National Film Museum is the biggest IMAX theater in China. [China Daily] Canadian movie format company IMAX Corp has recently signed another agreement to team up with local partners to open more theaters in China. On July 21, IMAX signed an agreement with Guangzhou Jinyi ...

Brewers toast world cup as beer sales soar in first half

Young people holding a toast at a seaside bar near Beijing. According to World Business Report, beer sales soar in bars and clubs during summer, accounting for 70 percent of the consumption of alcoholic drinks in Beijing's clubs. [China Daily] Last Friday was a red-letter for ...

Luxury brand makers scent more profits

A girl passes by a huge billboard advertising a new Hermes shop in Nanjing, capital of East China's Jiangsu province. [China Daily] A new era in global luxury brands is coming to China with more companies in the sector buying back direct control of their operations in the country ...

BaWang shares dive on cancer claims

Jackie Chan serves as a representative for BaWang products, as seen in this store display. [China Daily] Shares of Chinese herbal shampoo maker BaWang International Group Holding Ltd tumbled in Hong Kong on Wednesday following a local media report alleging that its products ...
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Latest World News

china

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China's reform leading group holds first meeting
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Bill Gates talks nuclear
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market

finance

Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
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Economist sees world economy strengthening in 2014
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company

industry

Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
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trade

sports

Stars 'Big Three' fall short of title in 1st year
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Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
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Yao's gift of sport for all
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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