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Unilever's price rise 'a corporate decision'

Unilever's decision to raise the price of some of its products is a "corporate decision", and the government will not punish the company or "interfere" with its business, a senior official said. But a major priority for the government this year is to control the price of food and ...

London Luxury Quarter aims for rich Chinese

London Luxury Quarter (LLQ), a new luxury shopping district promoted by United Kingdom-based New West End Co, is targeting rich Chinese to support future growth. Chinese consumers are expected to spend 260 million pounds ($421 million) in the LLQ in 2011, boosted by the recent ...

Unilever raises prices in China

Unilever (China) Co., Ltd. has raised the prices of some of its products in China three weeks after it was fined by the Chinese government over spreading news of price hike. Many supermarkets and shopping malls in China's southern city of Guangzhou have been informed about the ...

Outsourcing service in China promising

China's outsourcing service is promising as it has witnessed fast expansion with optimized structural adjustments over the past few years, officials attending the 4th Global Outsourcing Summit said Monday. "China's outsourcing service has become a green engine for economic ...

Marriott prepares big China push with 27 new hotels

The Marriott International Inc hotel group is planning a major expansion in China, seeking to implant itself into second- and third-tier cities, a company executive said Thursday. "We have another 27 (hotels) in the pipeline (by the end of 2014)," Simon Cooper, president and ...

18 bln yuan to fund public housing

The Chinese Ministry of Finance (MOF) said Friday it has added an additional 18 billion yuan (2.77 billion U.S. dollars) in subsidies to fund public housing projects across the country. The central government's new subsidies raise the total of funds earmarked to support ...

Beijing likely to start property tax reform in 2011

Beijing is likely to begin property tax reforms as soon as the second half of 2011, China Securities Journal reported on Friday. The report said the Beijing government has held a briefing with local officials and urged them to take the lead in backing the policy by declaring ...

Midland closes branches in Shanghai

Midland Holdings, a Hong Kong-based real estate chain operator, will close all its Midland Realty outlets in Shanghai by the end of this month as the company plans to exit from the existing house brokerage business in the city. Midland, which operates eight outlets across the ...

Starbucks to increase presence in China

Starbucks will continue its expansion in the Chinese mainland market by opening 1,500 new cafes by 2015, said an official from the company on Wednesday at a ribbon-cutting ceremony for a new Starbucks cafe in the city of Kunming in southwest China's Yunnan Province. Starbucks ...

Bayer unit to invest more in China

Bayer MaterialScience AG, an arm of the German pharmaceutical and chemical producer Bayer AG, outlined plans to invest more in China to strengthen its position in the world's largest single polycarbonates market. On Wednesday, Bayer MaterialScience announced a package of plans to ...

Tornado kills 116 in U.S. town

A man stands amid the remains of a Wal-Mart store, after it was hit by a tornado, in Joplin, Missouri May 22, 2011.A deadly tornado struck Joplin, a city of 50,000 people in the southwest corner of Missouri of U.S. Sunday night, killing at least 116 people and leaving churches, ...

Chinese property prices witness mixed growth in April

Property prices in major Chinese cities showed mixed growth in April, with more cities reporting month-on-month increases in new commercial housing prices from March and lower prices for resold housing units, according to the National Bureau of Statistics (NBS). Prices of new ...

Booming car rentals lack regulations

Demand for car rental services rose strongly during China's three-day Labor Day holiday, indicating great potential for leasing in the world's second-largest economy. However, experts are calling for an improved legal framework to better govern the booming sector. "Before the May ...

Little Sheep buyout requires anti-monopoly review

Yum! Brands Inc's proposed buyout of China's hot-pot chain Little Sheep Group needs to go through an anti-monopoly review, according to the Ministry of Commerce yesterday. The ministry has yet to receive the application from Yum for the review, said Yao Jian, the ministry's ...

China's realty won't go US way

Housing prices in China have risen by 53 percent over the last four years, raising concerns that a bubble has been created in the real estate sector. There is little doubt that there has been a growing speculative component in property markets in many Chinese cities and/or ...

Hot pot restaurants required to disclose additive info

Restaurants in southwest China's Chongqing Municipality will now be required to disclose detailed information about the additives they use in their hot pot dishes, as part of a move by the government to crack down on the use of illegal additives. Although many restaurants say ...

Five-year ban for additive abuse

The capital's health authority is set to launch a crackdown against the illegal use of additives in a bid to further protect food safety. According to the Beijing health bureau, the campaign will require restaurants to monitor their compliance with regulations and include regular ...

More land opened up for affordable housing

The supply of land for subsidized housing is increasing dramatically in 2011, the nation's land watchdog said. An estimated area of 77,400 hectares is planned for government-subsidized housing projects, nearly 140 percent more than last year, Liao Yonglin, director of the land ...

CapitaLand to double investment in China

The Singapore-based property developer CapitaLand Ltd will double its investment in China's commercial real estate and serviced apartments sectors within three to five years, despite the government's rigorous measures to cool the property market. "We will increase our malls to ...

Carrefour found altering labels on meat

An inspector checks dairy products at a Dia warehouse on Yinxing Road on May 11, 2011. [Shanghai Daily] Staff members of French retail giant Carrefour were found replacing production dates on meat with new ones without changing the product at its outlet in Zhangjiang, Pudong 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
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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
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Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
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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
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Li Na wins French Open women's singles title
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History-making tennis legend Li Na notched the first-ever grand slam ...
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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