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Cross-Straits fair boosts Taiwan goods

Born and raised in Taiwan's Kaohsiung city as a Fujian descendant, 46-year-old Siu Shu-mian was happy that her first trip to her original family home was to promote Taiwan specialties to mainland people. Acting as the board chairman of a Taiwan department store, Siu was attending ...

Metro AG to open 100 consumer electronics stores in China

Metro AG, the world's third largest retailer, said Thursday it will open 100 consumer electronics stores in China by 2015. The German company has teamed up with Taiwan-based Foxconn Technology Group in a 200-million-dollar joint venture to bring Media Markt, Europe's largest ...

Over 1 mln Chinese people open online stores

More than 1 million people in China have opened online stores on the country's largest retail website, Taobao, over the past five years. By the end of last month, 1.06 million people had become employed through opening online stores on Taobao.com, an e-commerce company based in ...

China to be world's biggest luxury goods market

China will rank as the world's biggest market for luxury goods in five years, a blue paper on China's commercial development from 2009 to 2010 released in Beijing Wednesday said. Released by the Chinese Academy of Social Sciences, the blue paper said China's luxury goods market ...

China's boom in online shopping to continue

A report on business in China predicts Chinese consumers will spend 500 billion yuan (about 73.5 billion U.S. dollars ) via online shopping in 2010, accounting for over three percent of all retail sales. The report forecasts total retail sales of consumer goods in 2010 at 15 ...

Online shoppers save up by recording serial numbers

Number Copy Group (chaohaozu) refers to white-collar workers or college students who browse around shops recording serial numbers for items such as cell phones, clothes and cameras, and then search for them online, trying to find a bargain price. They never buy anything when they ...

LAOX, Media Markt said to enter China retail market

Japanese electronics retailer LAOX Co and Media Markt, part of Germany's largest retailer METRO AG, Monday announced that they would open stores in Shanghai, adding even more heat to the fierce competition in the domestic market, the Beijing Business Today reported. LAOX ...

WTO to probe EU antidumping duties on Chinese shoes

The World Trade Organization (WTO) on Tuesday set up an expert panel which would investigate and rule whether the European Union's antidumping duties on Chinese-made footwear violate global trade regulations. The panel was established following a second request by China, which ...

IKEA opens largest Asian store in NE China city

The IKEA group, the world's largest home products retailer, started a three-day test operation of a new store in Shenyang, capital of northeast China's Liaoning Province, Monday. The store is the Swedish company's largest store in Asia and the second largest in the world, the ...

Govt steps up efforts to curb rising garlic prices

The government on Friday said it would take steps to check speculation and rampant price hikes in garlic and other agricultural commodities. Wholesale prices of garlic have risen more than ten-fold from a year earlier to about 12.2 yuan ($ 1.78) per kilogram at the end of April, ...

China's 89% e-commerce revenue from B2B

China's e-commerce trade revenue is set to hit 1 trillion yuan in the first quarter of 2010, iResearch Consulting Group said in its report Thursday. Business-to-business, or "B2B" trade took in a revenue of 903.6 billion yuan, 89 percent of the total. B2B trade by small and ...

Ibis plans franchises in move to expand

Ibis plans to expand its China portfolio to around 50 hotels by the end of this year, the hotel said yesterday in Shanghai. The international economy hotel brand owned by Accor Group already has 38 properties in China. Ibis has also recently launched a franchise model to ...

Walt Disney Q2 earnings up by 45%

The Walt Disney Company has registered an 45 percent increase, or 0.48 U.S. dollars from 0.33 U.S. dollars diluted earnings per share(EPS) for its second fiscal quarter in year-ago period, the company reported Tuesday. The current quarter included restructuring and impairment ...

Shanghai tops China's online shopping market

Shanghai has topped the online shopping market in China in terms of purchases and sales turnover, according to an industry report. The city's residents spent 17.42 billion yuan (US$2.56 billion) online in the year ended May 1, accounting for 8.67 percent of the total online trade ...

Big Mac scouts for new franchisees

McDonald's Corp, the world's biggest fast-food chain operator, is looking for new franchise partners in China, expanding a six-year-old trial program in its fastest growing market, a spokeswoman said yesterday. McDonald's relies heavily on franchises in more mature markets such ...

UPS to build service sharing center in E. China

UPS, the world's largest package-delivery company, will build its largest service sharing base in Asia-Pacific region in eastern China, local authorities said Saturday. UPS has signed a memorandum of collaboration with the municipal government of Hefei, capital of Anhui Province, ...

CITS 2009 net profit surges on lower operating costs

China International Travel Service Co. Ltd. (CITS), the country's largest travel agency, said Wednesday its annual net profit rose 41.37 percent last year on lower operating costs and expanded markets. Net profits hit 312.75 million yuan (45.8 million U.S. dollars) last year on ...

China retail sales to rise 16% in 2010

China's Ministry of Commerce forecast Friday a 16 percent year on year increase in the country's retail sales for 2010 on a domestic economic recovery. An acceleration in urbanization will boost consumption and improvements in social welfare will also encourage consumers to spend...

Macao's CPI up 1.88% in March

Macao's Composite CPI (consumer price index) for March 2010 went up slightly by 1.88 percent over the same month last year to 103.01, which was attributable to the price increase of Food and non-alcoholic beverages, according to the figures released on Thursday by the city's ...

HK's consumer prices rise 2% in March

Hong Kong's overall consumer prices rose 2 percent in March over the same month last year and the inflationary pressure would probably increase, The Census & Statistics Department announced Thursday. The department said Hong Kong's Composite Consumer Price Index in March was ...
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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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company

industry

Super car club in commercial drive
Super car club in commercial drive
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Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
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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
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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