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Ikea to double stores in China

Swedish home-furnishing giant Ikea Group is on track to expand and upgrade its business across China, with plans to more than double its store numbers on the mainland by 2015. "We are aiming to have 16 to 18 stores on the Chinese mainland by 2015 in a combination of first-tier ...

Cultural industry likely to flourish under State plans

More than 100 companies in China's cultural industry are expected to go public in the next five years, accounting for a much bigger part of the total GDP, as the government designates that sector a pillar industry, government officials and industry experts say. The cultural ...

Growth on menu for McDonald's in 2010

McDonald's will open 175 to 200 restaurants in China next year as it steps up its expansion in the nation. Having established its first restaurant on the mainland in 1990 in Shenzhen, Guangdong province, McDonald's currently has more than 1,100 stores in China with more than 60...

DHL continues to deliver the goods in China

Despite concerns over a slowdown in China's economic growth, Deutsche Post DHL, a leading global provider of logistics services, remains confident about its future business expansion and is optimistic about the country's performance, said Larry Rosen, chief financial officer of ...

Cosmetic surgery gets a new facelift

Shimon Eckhouse is co-founder and chairman of a list of companies including Syneron, CardioDex, NanoCyte and Tulip. All of them are concerned with the aesthetic medical business. In addition to entrepreneurship, Eckhouse is the inventor of intense pulsed light (IPL), a technology ...

Carrefour tangled up in instant noodle dispute

Food and beverage maker Tingyi Holdings halted shipments of its popular Master Kong noodles to French retailer Carrefour stores in the Chinese mainland Monday, due to unsolved issues on the annual price-agreement renewal. Master Kong's holding company, Taiwan-based Tingyi ...

China's retail sales of consumer goods up 18.7 pct in Nov.

China's retail sales of consumer goods grew 18.7 percent in November year on year, the National Bureau of Statistics (NBS) said Saturday. Retail sales of consumer goods stood at 1.39 trillion yuan (208.1 billion U.S. dollars) in November and the growth rate was 0.1 percentage ...

China Golf Group raises approximately $3.7 million

Headquartered in Shanghai, China Golf Group, Inc., a leading designer and developer of premium golf courses, golf communities and improved land properties in China, and the first of its kind publicly registered and reporting in the United States, today announced selling to a non...

China's service exports now rank fifth in world

The latest statistics from the Ministry of Commerce said China's service trade is expected to witness an increase of 17 percent this year, and in terms of service exports, its global ranking rose from ninth to fifth place. The Chinese Academy of Social Sciences predicted that ...

Coach is riding wave of growth in middle class

The growing self-indulgence of China's middle class has proved a boon to Coach Inc, the largest maker of luxury leather handbags in the United States, leading it to expect 75 percent year-on-year sales growth in its 2011 fiscal year in China. The New York-based retailer is ...

NDRC caps edible oil prices: Report

China's top economic planner has asked the nation's major producers of edible oil to restrain from price hikes for four months, the 21st Century Business Herald reported Thursday, citing unnamed sources. The National Development and Reform Commission (NDRC) held a meeting last ...

Chinese medicine registration law to be launched in HK

The legislation under the Chinese Medicine Ordinance concerning the mandatory registration of proprietary Chinese medicines will come into force on Dec. 3 as an additional legal measure to protect public health, said the Hong Kong Department of Health on Thursday. All proprietary ...

China exposes 31 websites for selling fake drugs

China's drug watchdog has exposed 31 websites in an ongoing crackdown on the illegal selling of drugs on the Internet. According to a statement released by the State Food and Drug Administration (SFDA), these illegal sites exaggerated the effects of their fake drugs and sold ...

GE Healthcare eyes grassroots

Multinational medical device and solutions provider GE Healthcare has started exploring China's vast grassroots market through technological innovation. "We plan to increase the proportion of business in China's grassroots market, but it will take time," said Rachel Duan, ...

Tainted dairy imports cause concern

Experts have reminded consumers, many of whom have turned to overseas-made dairy products after the melamine scandal in domestic baby formulas, not to believe blindly in foreign dairy items after 670 tons of imported milk products were found to be substandard from March to August ...

Citicall takeover gives HK base to Suning

Suning Appliance Co has completed its takeover of the Hong Kong-based electrical retailer Citicall and aims to use Hong Kong as the base of its international expansion. The Nanjing-base retailer said it has finished the integration of suppliers, inventories, assets and workforce ...

HK signs wine deal with NW.US states

The Hong Kong government Monday signed a Memorandum of Understanding (MOU) on Co-operation in Wine-Related Businesses with Oregon and Washington of the United States, according to the local government website. The signing of the MOU, which was taken place in Hong Kong, will help ...

Marriot eyes more properties

Renaissance Hotels, an upscale brand of Marriott International, yesterday officially started operating its fifth hotel in Shanghai. The hotelier is pleased that one more hotel is flying the flag of the group in Shanghai and expects tourism to boom due to the Expo and the city's ...

Wal-Mart to expand business in China

Wal-Mart plans to add 10 million square feet of retailing space in China this year, said a senior executive of the world's largest retailer Saturday. The plan was disclosed by Scott Price, CEO of Wal-Mart Asia, while addressing the Global Summit of Women 2010 which ended in ...

Chinatex now No 3 in soybean oil production

Chinatex Corp, a large textile manufacturer, became the third-largest soybean oil producer in China after taking over nine soybean crushers and obtaining two other companies' crushing capabilities through rent and entrustment, China Business News reported Friday. The total ...
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Latest World News

china

China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

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
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...

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
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

trade

sports

Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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