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Court action threat for Carrefour Foshan

Closed check-out lines at the Carrefour store in Foshan, Guangdong. Most shop owners in the store were unhappy at it closing during the New Year's Day holiday. [China Daily] Vendors at a Carrefour store that closed last week said they would talk with the retailer about compensati...

'Son of Yiwu' to begin on Jan 18

Foreign buyers examine items at a small-goods market in Yiwu, Zhejiang province. China City Complex, a commercial and wholesale town similar to China's Yiwu, is to be built in Thailand. [China Daily] China plans to construct a second Yiwu International Trade City, the world's ...

Moutai uncorks plans for output, revenue

A saleswoman holds a bottle of liquor produced by Kweichow Moutai Co Ltd. Since the liquor is considered one of China's top brands, prices and demand for the liquor have jumped in response to shortages ahead of the Spring Festival. [China Daily] Kweichow Moutai Co Ltd, China's ...

Fancy toys add to festive cheer

A visitor at a toy exhibition in Beijing. Toy sales were boosted by the festival season. [China Daily] The million-dollar question in the domestic toy industry is always about predicting which toys will be the best-seller for the festive season, especially during the festive ...

Signs of peace at Gome after supply agreement inked

Gome Electrical Appliances Holdings Ltd has renewed its purchase-and-supply agreement with Beijing Gome, which is privately owned by jailed company founder Huang Guangyu, in a move that may help to end a long-running boardroom struggle. The agreement, under which the two parties ...

Price rule ensures 'normal' room rates in Sanya

A visitor swims at a beach resort in Shimei Bay, Hainan. Local authorities said they will step up efforts to ensure that hoteliers abide by price regulations. [China Daily] Hotel room rates in China's beach resort of Hainan island during the upcoming traditional Chinese festival ...

Service sector rebounded in December

A restaurant in Taizhou city, Jiangsu province. China's non-manufacturing PMI rose in December, indicating growth in the country's service sector. [China Daily] China's service sector continued to rebound in December, the China Federation of Logistics and Purchasing (CFLP) said ...

Growth projected for entertainment industry

China ranks third in the world for its prolific output of film and television productions, a senior media official said. Wang Taihua, director of the State Administration of Radio, Film and Television (SARFT), said Wang Taihua in a recent interview that more than 500 films were ...

Finding a Gap in the market

It's a common scene in Gap Inc stores for shoppers to point at pictures they are carrying and tell assistants: "I want this". These customers will have visited the shop's website, decided what they like and printed off the pictures before moving from the virtual domain to the ...

Luxury hotel development

Gucci, Givenchy, D&G, Prada and Dior Perhaps they are the most expensive brands of sunglasses in the world, but staff at the duty-free shop in downtown Sanya say they will offer mainland visitors a good bargain next year, when the central government is expected to allow ...

Sheraton to open 3 new hotels in China

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced that its global powerhouse Sheraton Hotels & Resorts will open three more hotels in China before the end of January, including its third in Shanghai and first hotel in Wenzhou, one of the most developed ...

Dating biz reaps rewards

Young teachers exchange name cards during a blind date event organized by jiayuan.com in 2007 in Beijing. [CFP] Rumored IPO plans have shined a light on China's matchmaking sector's massive profitability, despite denials of NASDAQ aspirations by the top players. The National ...

Rich Chinese donating more than ever before

SHANGHAI -- Donations from China's wealthiest are on the rise, with the country's top 100 philanthropists giving away 22.9 billion yuan ($3.3 billion) to charity since 2005. The top 100 philanthropists donated an average of 229 million yuan each over the last five years, or six ...

Charity on menu for rich banquet guests

US billionaires Warren Buffett (right) and Bill Gates host a banquet in Beijing on Wednesday night that has sparked debate about Chinese philanthropy. Pang Xinglei / Xinhua Gates praises candor, insights of billionaires BEIJING - Fifty Chinese guests attended a banquet on ...

Wealthy wary of grand giveaways

China boasts more billionaires than anywhere else in the world, according to the 2010 China Rich List. The de facto who's who of Chinese business, which is compiled and analyzed by Hurun Report, puts the number of people with a wealth of $1 billion or more at "between 400 and 500...

Real estate tax may land in more cities

China will look into further expanding its property tax initiative to more cities in the country after it has evaluated the trial operations in Shanghai and Chongqing, according to the Ministry of Finance. The tax was implemented on trial in late January and a careful evaluation ...

Nestle's stake buy leaves sweet taste

China's confectionery company Hsu Fu Chi International Wednesday said the Chinese government has approved Nestle's proposed plan to gain a major stake in the company. On completing an anti-monopoly review, the Ministry of Commerce has approved Nestle's US$1.7 billion investment ...

Exorbitant land costs burden developers

A popular saying is echoing in Beijing as property tycoons enter a weak spell: "It is mostly an appalling death for real estate developers to be stuffed (with land), but not hungry." Plots of land in Beijing and other major Chinese cities have been bought at record-high prices, ...

Secondhand Beijing housing prices hit 15-month low

The average price of re-sold apartments in Beijing dropped to a 15-month low of 22,018 yuan (about US$3,456) per square meter in November, according to a report released by the Beijing Municipal Commission of Housing and Urban-Rural Development on Friday. In November, 7,428 ...

More balanced GM debate needed to bridge information gap

Although genetically modified foods have been grown and sold in China for some time, the term still makes the public jittery. Debates on genetic modification range from safety concerns, environmental impact, food security, ethics to politics. When all these issues come into play, ...
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Latest World News

china

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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
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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
China's 77 major steel companies reported an average profit margin of ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
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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
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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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