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Hotels ready for post-Expo operations

When the Expo 2010 Shanghai ends, will it mark a period of economic gloom? That's the question many hotels are asking as the six-month carnival in the minicipality draws to a close on Oct 31. In the months before the opening of the Expo on May 1, a total of 5,976 new rooms, an ...

China to encourage private investment in healthcare sector

China's top economic planning agency Sunday said it had mapped out measures to encourage private investment in the healthcare sector and may publicize them in October. The measures have been submitted to the State Council, China's cabinet, said the National Development and Reform ...

Jailed tycoon calls for shareholders' support

The jailed founder of GOME, China's largest home appliance retailer, called for the support of shareholders to dismiss the company's current chairman amid a struggle to retain control of the company. Huang Guangyu, also known as Wong Kwong-yu, founder of GOME, said in a statement ...

Ministries to regulate hotel prices

Travelers looking to stay in hotels may soon see enhanced regulations on the price of their stay, people.com.cn reported Sunday. According to the website, officials from the National Development and Reform Commission, National Tourism Administration and State Administration for ...

China's NGO proposes boycott of tobacco sponsorship

Forty-five non-governmental organizations (NGO) in China Saturday called for a nation-wide boycott of charities and social events sponsored by tobacco companies. The move was aimed at heading off "hidden" commercials planted by the tobacco companies. The NGOs, from various ...

India's hotel giant to open new hotels in China

Indian Hotels Company Limited ( IHCL), one of South Asia's largest hospitality groups will set up at least three hotels in China including the capital Beijing in the near future, a senior official from the company told reporters on Friday. Raymond Bickson, managing director and ...

Gome spat makes Chinese business cautious about foreign investment

The recent row between jailed ex-chairman Huang Guangyu of Gome Electrical Appliances Holding Ltd and its current chairman, Chen Xiao, over control of the retail empire might push the foreign institutional investors and China's professional managers in a corner. Entrepreneurship ...

Mid-Autumn sees greening of China's mooncake market

For centuries, it was the quintessential symbol of China's Mid-Autumn festival, but in recent years it has become a calling card of waste, extravagance, and obsequiousness. But this year -- thanks to new rules restricting food packaging -- the humble mooncake is returning to its ...

Gome spat stirs up challenges

A spat between an imprisoned billionaire and a senior business executive has spilled into the public arena, becoming a focus of nationalist sentiment and exposing the challenges of foreign investment in Chinese brands. "My life is totally under threat and normal work has been ...

Wineries: new fruitful industry

It was a blissful weekend for a young woman fed up with the hustle and bustle of the big city and it was spent wandering through a vineyard, sampling goblets of fine red wine and indulging in what is being promoted as a wine spa. But Yang Xiaofei, 24, was not in Napa Valley, ...

Chinese hair care company ordered to rectify problems

A hair care company based in east China's Zhejiang Province has been ordered to rectify problems caused to businesses following investigations which confirm its "certain" products for Singapore and Hong Kong markets contained a banned chemical. Initial results from the provincial ...

Chinese-funded wholesale market opens in Moscow

A wholesale market jointly funded by China and Russia and selling Chinese goods opened Thursday near the Moscow Ring Road. Named "Russian Home", the market will trade in goods such as shoes, auto parts and clothes. Different from the Cherkizovsky Market that was shut down last ...

Starbucks expands into inland China

U.S. coffee chain giant Starbucks opened its 400th bar on the Chinese mainland in the central Hunan Province Thursday, expanding its presence in China's second-tier cities. Starbucks opened two bars the same day in two business centers in Changsha, capital of Hunan, making it the ...

Huang battles hard for control of Gome

The founding shareholders of Gome Electrical Appliances Holding Ltd have sounded the battle bugle just ahead of the company's Sept 28 special general meeting, which is expected to decide the fate of China's second-biggest electronics retailer. Huang Guangyu, the founder and ...

London's luxury brands eye Chinese travelers

New West End Company, the management agency of luxury goods retailers on London's Bond Street, has launched an initiative called London Luxury to encourage more Chinese travelers to splurge in the city's luxury shopping district. "We expect Chinese visitors will spend 120 million ...

Pumping US$l.1 bln to boost hospitality

New World Hospitality, a member of Hong Kong-based New World Group, plans to invest more than US$1.1 billion over the next five years to expand its hotel business globally, with a keen interest in the Chinese mainland market. The hospitality company, which operates eight ...

Buzz in service sector generates faster job creation

Activity in the Chinese service sector grew markedly in October, with the seasonally adjusted Business Activity Index rising to 56.4 from 55.2, HSBC said in a report on Wednesday. The rate of growth quickened from September's 19-month low but still remained below the long-run ...

Seafood sector rides on growing Chinese market

More overseas seafood producers and supplies are eyeing the Chinese market, following its growth in the past few years. "This year, China's international seafood trade will be worth more than $17 billion. It will likely overtake the United States and become the world's largest ...

Electronics retailer taps into Chinese growth

Leading European electronics goods retailer Media Markt is opening its first East Asian store in Shanghai this month, amid falling revenue in a saturated European market that has pushed many players to turn to emerging economies like China. The first Media Markt China store will ...

China set to become jewel in Tiffany crown

Tiffany & Co, the US jeweler, said it is pinpointing China as the place where it will open the most stores globally over the next three years, a move driven by robust sales growth in the market. "China will rapidly become the place where we will have the greatest number of new ...
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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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