China News Direct

 
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China Seven Star Shopping Expects a Loss Year
(Dec 30, 2008) China Seven Star Shopping Ltd. has issued a profit warning, expecting volatile business and tough competition. China Seven Star Shopping expects to see losses for the full year of 2008, and it recorded a loss of RMB66.66 million in the interim period. A deteriorating business environment in TV shopping business ...
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China Food Keeps Business Growth in '08
(Dec 30, 2008) China Foods Ltd. expects an overall rise in gross profit now that the prices of raw material have dropped. China Foods managing director Qu Jie said due to the overall drop in raw material prices, the costs of small-packed food and edible oil have been lowered, leaving an increase in ...
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Experts Sees More Stimulus Moves
(Dec 22, 2008) Some experts believed the Chinese government would introduce a new stimulus package in the near future to boost domestic consumption and provide lower-income groups with financial assistance. China International Capital Corp. (CICC) economist Xing Ziqiang predicted that the Chinese government would announce new policies to stimulate the economy in early ...
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More Sommelier Seats to be Filled
(Dec 21, 2008) Corporate layoffs after the financial tsunami has sent the number of people joining sommelier courses up the sky, giving the wine industry a golden opportunity to find new blood. Some sommelier courses have seen an 80% surge in sign-ups and many attendees are wine lovers from the financial services and ...
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GDP May Drop Half Without RMB4tn Stimulus
(Dec 19, 2008) China may only see a GDP growth of 5.2% next year if the RMB4-trillion stimulus plan was not launched. Shanghai Securities Journal quoting an official from the National Development and Reform Commission (NDRC) that without the stimulus package, the economy may slow down to 5.2% as domestic demand in China ...
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Modern Services to Expedite Economic Development
(Dec 18, 2008) The way China can expedite economic growth is to change the pattern of development, said Wu Jinglian, researcher of Development Research Center of the State Council on the Peking University, Shenzhen Forum on December 16. Wu believed that an industry upgrade in coastal China should focus on and turn to ...
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Modern Beauty Benefits from Weak Time
(Dec 18, 2008) Hong Kong-based Modern Beauty Salon Holdings Ltd. (Modern Beauty) sees business opportunities amid the financial tsunami. Chief Operating Office Yuen Siu-ping said the number of customers had increased by 3,000-4000 a month recently since many small beauty salons had closed. This drives more consumers to beauty groups that have greater ...
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Convenience Retail Asia Expands Guangdong Business
(Dec 18, 2008) Convenience Retail Asia Ltd. (CR Asia) has acquired an additional 25% of equity in Convenience Retail Southern China Ltd. (CRSC) in China for RMB15 million. CR Asia's stakeholding in CRSC will increase from 73.5% to 98.5% upon the completion of the acquisition. With a near 100% full control, CR Asia ...
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Cross-Straits Daily Necessities Trade More Convenient
(Dec 16, 2008) More daily necessities, small merchandises, fresh vegetable and food products will go between China and Taiwan direct now that sea cargo transport between the two are officially launched. Media in Taiwan reported that cargo volume of about 1.3 million TEU will be going among China, Taiwan and Hong Kong each ...
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Guangxi's Hezhou City Sealed RMB1.6bn Investment
(Dec 15, 2008) Hezhou city, Guangxi Zhuang Autonomous Region, engages in attracting large investment projects. Ended October 2008, Hezhou achieved a RMB12.53 billion fixed-asset investment, rose 32.8% on year. Shao Leqin, Party Secretory of Hezhou city, said that Hezhou engages in 4 key tasks, including infrastructure construction, industrial development, urbanization and tourism development. ...
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