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Former Gome tycoon stands trial in Beijing

Huang Guangyu, former chairman of Gome Electrical Appliances Holdings, went on trial in Beijing Thursday on charges of illegal business dealings, insider trading and bribery. The procuratorate has charged Huang with illegal foreign exchange trading via Hong Kong in 2007 and ...

Airbus China joint venture delivers

The country made a major move up the manufacturing value chain over the weekend as an Airbus joint venture in Harbin churned out its first work package, a set of A320 elevators. Experts say it will still take time, however, for the domestic firms to improve their own research and ...

Tourists bank on weak euro

Married for less than two years, 29-year-old Zhang Jia, a secretary at a multinational company, is planning her second honeymoon because, as she said, a vacation in Europe now seems affordable after the rise in the value of the yuan against the euro. A typical group tour, ...

Why Yum! is providing a feast for the East

In the same week that will see Yum! Brands, parent company of restaurant brands including Pizza Hut, Taco Bell and Long John Silver's, opening another seven KFC restaurants in Mainland China, VP Global IT Dickie Oliver sits down with MeetTheBoss.tv to discuss the issues ...

China to launch real name registration for online shops from Thursday

Online shop owners in China will be required to submit personal information, including real names and addresses, to e-commerce agents before running their businesses online, according to a regulation which comes into effect Thursday. The regulation was issued by the State ...

Wealth set to lift demand for gold in China

Consumer gold demand in China is expected to sparkle at the upper-end of the single-digit annual growth rate for the economy as wealth is being accumulated very rapidly, said a senior manager at the World Gold Council. "We expect gold demand in China to grow at least faster than ...

Gap hopes to fill the gaps

Gap Inc, a global apparel retailer, plans to enter the Chinese market soon, by opening four outlets within this year. The company, which spent two years on market research before entering China, plans to open two outlets in Beijing and two in Shanghai. "Gap will wholly own our ...

China sets caps on purchases of subsidized home appliances

China's Ministry of Commerce announced Thursday it has revised with other government departments the home appliance replacement program to set caps on purchases. The new amendment to the "old-for-new" subsidy program requires that an individual can only buy a maximum of 5 home ...

Dairy imports soar in eastern China's Jiangsu

East China's Jiangsu Province saw dairy products imports almost quadruple year-on-year in the first five months, due to a recovery in consumption and the price advantage of imports. Provincial Customs said Tuesday that Jiangsu bought 1,537 tonnes of dairy products from abroad ...

HK jeweler targets more outlets

3D-GOLD Jewelry (HK) Ltd targets to more than triple its network to over 800 outlets on China's mainland in five years as the country's growing economy continues to shine, Chairman Kennedy Wong said in Shanghai yesterday. The company, an affiliate of Hong Kong-listed Hong Kong ...

Zhuzhou Taizinai applies for restructuring

The shareholder of Zhuzhou Taizinai announced on Thursday that they had resolved to apply for a judicial re-organization of Zhuzhou Taizinai in accordance with China's Bankruptcy Law. This application will be made to the Zhuzhou Court which will have the primary conduct of the ...

Hotel critics to get certified

An evaluation and certification system for hotel critics is about to be launched, the China Hotel Association said on Thursday. Zhang Minghou, deputy secretary general of the association told METRO that they will introduce a national standard for hotel service quality evaluation, ...

KFC agrees to raise workers' pay

Representatives of U.S. fast-food chain KFC in northeast China's Shenyang City Thursday signed the company's first collective labor contract on the Chinese mainland, agreeing to raise workers' wages and meeting the demands of a local trade union. According to the agreement, the ...

Swiss firm to set up production in Jiangsu

Switzerland-based building supply manufacturer, AFG Arbonia-Forster-Holding AG, will open production facilities in Changshu, Jiangsu province, later this month. Establishment of the new production plant aims to expand business development in the region, after the company set up ...

Two Chinese dairy producers among world's top 20

Two Chinese dairy producers, Mengniu and Yili, entered the world's top 20 dairy ranking last year, according to an annual report released on Wednesday. Mengniu, with a turnover of $3.77 billion in 2009, ranked the 16th in the top-20 list, Dutch financial group Rabobank said in ...

New China bathed with luxury

The world's leading business consulting firm Bain & Company (Bain) released Saturday, a report saying that China will see a 15-percent rise of gross income on the luxury goods industry, which is seen as a driving force for global income increase (four percent). The purchase of ...

KFC agrees to raise workers' pay in NE China city

Representatives of U.S. fast food chain KFC have agreed to raise workers' wages as demanded by a Chinese trade union in northeastern Liaoning Province. Feng Hui, head of the Shenyang Municipal Trade Union for Services Industries, said Tuesday the Yum! Brands Inc. China Division's ...

China's rural home appliances sales hit new high

Monthly sales of home appliances in China's countryside surged 220 percent year on year in May, boosted by the government's rural subsidy program for home appliance purchases, the Ministry of Commerce said Monday. The sales value soared to 12.6 billion yuan (1.84 billion U.S. ...

There's strength in numbers

Chinese Internet start-ups have a unique skill in identifying the hottest online innovations from the United States, quickly copying the business model and then localizing the service in China. Those entrepreneurial skills have given birth to Chinese technology giants like Baidu, ...

KFC talks with Chinese trade union on wage demand

Representatives of U.S. fast food chain KFC began to talk with Chinese trade union officials Thursday in Liaoning Province, two months after the union demanded an increase in salaries. Shao Guihua, chief manager of Yum! Brands Inc. China Division's branch in Shenyang, capital of ...
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Latest World News

china

China's reform leading group holds first meeting
China's reform leading group holds first meeting
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Merck to put $1.5b in R&D
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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
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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
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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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