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Price gap triggers US spree for Moutai

A buying frenzy for Guizhou Moutai is spreading among overseas Chinese in the United States as the Chinese liquor producer raises the price of its product in the domestic market, China News reports. The price for a 500ml bottle of the world-renowned Chinese liquor in the Chinese ...

Rural home appliance sales rise

Sales of home appliances in rural areas of China surged 170 percent year on year in 2010, driven by a government subsidy, the Ministry of Commerce said yesterday. Sales reached 173.23 billion yuan (US$26.13 billion) last year, the ministry said in a statement on its website. Home ...

IMAX fever on hold?

Chinese movie goers' passion for big screen movies, aroused by Avatar, appears to see no signs of fading away, given growing number of IMAX theaters available in the country. But industry insiders said Monday that weak investment returns may cast dim light on IMAX's further ...

Fast-food prices rise as cost of materials increases

Amid a surge in raw-material costs in China, competition among foreign restaurant chains in the country is turning fiercer, as some increase prices and others carry out special promotions. However, experts said improvements in the taste and quality of the food are the most ...

Taiwan's small business owners rejoice as ECFA tariff reductions start

Legging and silk stocking producers in Taiwan have reason to rejoice as their products will have 16-percent price advantage over competitors from Japan and the Republic of Korea (ROK) in the Chinese mainland market. "We are really surprised, as from Jan. 1, 2011 our products will ...

Brand licensing not the sexiest option for Playboy

Playboy Enterprises' intention to spearhead business in China by licensing its iconic bunny logo on lifestyle products such as apparel may not work well in the long run, an expert said Thursday. "Playboy needs to invest (in China) to build a high-end image, rather than relying on ...

Overcrowding shuts Disneyland for 2 straight days

Two of southern California's most popular resorts were forced to shut their gates to holiday visitors for two straight days Tuesday, as an overwhelming number of mass descended upon Disneyland and Disney California Adventure to enjoy their time there. Disneyland had to stop ...

Cosmetic makers aglow

Some name brand, imported cosmetics are forecast to increase in price January 1, but consumers will absorb the changes and sales will not be impacted, an analyst said Tuesday. "We have just received notification that the price of some brands such as Lanc?me will increase 20 to 30 ...

Retailers, suppliers face off

Ting Hsin International Group's negotiations with Carrefour over the price hike of its popular Master Kong brand of instant noodles stalled recently, with no signs of yielding from Carrefour. Although the talks failed, the attempt is viewed as enviable among small-sized Chinese ...

China to offer overseas tourists tax refund for purchases in Hainan

Overseas tourists can claim, starting next year, tax refunds at 11 percent of their purchases in pilot shops in southern Hainan Province when leaving China there, a local official said Monday. The minimum purchase eligible for the tax rebate is 800 yuan (121 U.S. dollars), said ...

Playboy hopes for bunny's luck

February marks the start of the Year of the Rabbit in the lunar calendar. It may be an auspicious sign for Playboy Enterprises Inc, which opened a nightclub in Macau last month as it seeks to expand its licensing of the trademark bunny head logo on lifestyle products in Asia, its ...

Consumers splash out on buying gifts

After spending two hours browsing through the discounted foreign brands at a shopping mall in Beijing's Chaoyang district, 26-year-old Cheng Jia eventually decided to buy her husband a wallet for Christmas. "Thirty percent off, that is 1,000 yuan ($150) less than I thought," ...

B2C website 360buy.com gets fund injection

360buy.com, China's biggest business-to-customer (B2C) website, says it has received more than $500 million in a new round of funding and it expects up to 26 billion yuan ($3.9 billion) in sales next year. Richard Liu, 360buy.com's chairman and chief executive officer, said six ...

Shop owner hopes for better future

When China opened its retail market in the early 1990s, foreign mega-chains flocked in, vying with local retailers for a bigger slice of the world's most populous market. In the ensuing battle for customers, many traditional small street-side shops were marginalized. Some were ...

Strict rules no obstacle to daigou industry

Despite China's recent efforts to prop up its domestic market and to crack down on the smuggling of foreign goods, the popular business known as daigou is booming as Christmas is around the corner. Daigou is a mostly Internet-based business in which companies act as shopping ...
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