world

Heated demand from international retailers jacked up the city's retail rents by 6.8 percent in the second quarter from a year earlier, and demand for prime retail space will remain robust particularly with the boost from the ongoing Expo, said analysts. Average prime retail rents ...
Tesco, one of the world's largest retailers, told the Global Times Sunday that the company expects to open 23 stores in China this year, a move to compete with perennial giants Carrefour and Wal-Mart. "The new stores will be mainly located in satellites cities around the ...
The value of welfare lottery sales in China as of the end of this May had reached almost 450 billion yuan (66 billion U.S. dollars), since the welfare program was first launched 23 years ago, helping to raise about 149 million yuan for the public welfare fund, an official from ...
Port operator China Merchants Group has acquired a controlling stake in Australia's Loscam Ltd as it enters the pallet pooling business. The Hong Kong-based company did not disclose the size of the stake nor the value of the deal but media reports suggested the company was worth ...
Luxury brands are expanding faster in Beijing than ever before, due to the growing demand for luxury goods from world famous brands from wealthy local residents, an industry insider said at a forum at the First Beijing Wangfujing International Brand Festival on Monday. Wang Yao, ...
Coca Cola, the world's largest beverage maker, will begin operations at its largest bottling plant in China, a 900-million-yuan (132-million-US dollar) investment in Luohe City of central China's Henan province, by the end of October this year. "We are very positive and committed ...
Alibaba Group, China's largest e-commerce company, said Saturday it will invest 3 million U.S. dollars to help U.S. college students in e-commerce job creation. The "Schwarzenegger Emerging Entrepreneur Initiative," named after California Governor Arnold Schwarzenegger, will ...
Alibaba and eBay are longstanding rivals in the world of e-commerce. Their opposition dates back to the last decade when Alibaba squeezed eBay out of the Chinese market in 2006 by undercutting its commission fees in order to snatch a bigger share of the market. The red-hot ...
A spokesperson of the Ministry of Health (MOH) said Friday that as of Jan 1, 2011, the Chinese mainland will allow medical service suppliers from Hong Kong, Macao and Taiwan to invest and operate wholly-owned hospitals in certain provinces and municipalities. Deng Haihua, the MOH ...
IMAX, the Canadian operator of large-screen movie theaters, is set to open 80 theaters in China over the next couple of years. And its overall goal is to open 250- 300 theaters in China. This will make China the second largest market in the world for IMAX, and allow IMAX to claim ...
French food and beverage manufacturer Danone is on the lookout to acquire local water brands as it streamlines its focus on the mineral water segment to meet robust demand, said Jacques Ponty, general manager of Danone Waters China. "It is possible to buy local water brands if ...
Denim giant Levi Strauss & Co said that it plans to open 20 Denizen outlets in China by the end of this month, selling the newly launched global brand primarily targeting Asian youngsters. "These stores will be located in Shanghai and the adjacent provinces of Zhejiang and ...
Supply and marketing cooperatives in rural China are one step ahead of foreign and domestic retailers in the race to win China's booming rural consumer market. Retailers ranging from US-based Wal-Mart and France's Carrefour to domestic supermarket operator China Resources ...
The amount of unsafe foreign dairy products seized during importation is on the rise in recent months amid the unalleviated public concern over unsafe milk formula in the country. A report on substandard imported food and cosmetics released by the General Administration of ...
Private mail will face higher duties under new customs regulations that take effect today, a move widely expected to hamper haiwai daigou, or representative overseas shopping services. The General Administration of Customs will collect duties if the import duty payable on ...
The recovery in global trade helped lift cargo turnover at port operator China Merchants Holdings (International) Co which went on to post a 12 percent climb in first-half earnings. Its net income rose to HK$1.93 billion (US$248 million), or HK$0.79 per share, the firm said in a ...
A Beijing court Monday rejected an appeal by China's once richest man, Huang Guangyu, and upheld the 14-year jail sentence handed down to the former chairman of the Hong Kong-listed Gome Electrical Appliance Holding, who was found guilty of bribery, insider trading and illegal ...
Leading sportswear makers are readjusting the marketing strategies of their brands in China with two of the top sellers moving into lower-tier cities in order to be more competitive. Nike Inc, the best-selling global sports brand, which is expecting record sales growth in China ...
Refrigerators and air conditioners may not seem like the stuff of high drama, but sales of home appliances form the backdrop of a riveting corporate soap opera pitting the management of electrical retail giant Gome against its disgraced founder and former Chairman Huang Guangyu. ...
Rising interest in the silver screen in China has encouraged major media companies to embark on a big drive to build more cinemas. The film industry boom has been fueled by the improved living standards enjoyed by many urban residents, with box office receipts in China expected ...
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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 ...
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 ...
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 ...
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 ...