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Chinese quest for different consumption experience
(Aug 30, 2013) SHANGHAI - While Japanese clothing retailer Uniqlo will stage another grand opening in Shanghai in late September, department store Parkson announces an exit from Shijiazhuang, Hebei province, seemingly saying Chinese consumers' quest for consumption experience are changing and so are retailers' strategies. Uniqlo is going to open its 11th flagship ...
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From BYD Auto to Tel Aviv, Israel
(Aug 14, 2013) SHENZHEN - BYD Automobile has shipped its K9 coaches to Tel Aviv, Israel while Dongfeng Motor is the runner-up in sales of mini trucks in Thailand, signaling ambitious sales of Chinese-made automobiles on the international market despite challenges. BYD's K9 is an electric bus which is 25% less costly than ...
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Tianjin joins second-hand car frenzy
(Jul 29, 2013) TIANJIN - High-priced, ultra-luxury but not all-new cars appeared in Tianjin's Aviation Port Economic Zone this July when an indoor second-hand car market was officially opened, linking local consumers with top car brands such as Maserati, Bentley, Rolls Royce and Lamborghini. Tianjin is able to weave more diversity to its ...
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Fresh food retailer Yonghui enters Shanghai
(Jul 30, 2013) SHANGHAI - Fresh food retailer Yonghui Superstores signed a letter of intent with Shanghai Vegetable (Shangshu) Co. Ltd. to invest RMB100 million in jointly opening fresh food and vegetable stores, marking Yonghui's entry to the Shanghai market. Shanghai's state-owned Shanghai Vegetable Group earlier formed a shareholding company, Shanghui, together with ...
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Shenzhen builds agri-wholesale market in Qianhai
(Jul 29, 2013) SHENZHEN - Shenzhen has attracted more entry of fresh food and vegetables air carried from other parts of China as speedy airport custom clearance and a consumer market of ten millions or more people have pushed summer food sale high. For a month from May 10 to June 9, Shenzhen ...
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Shenzhen's retailers earn RMB440bn nationwide, signal expansion
(Jul 29, 2013) SHENZHEN - Shenzhen-born chain store retailers have earned a third of China's retail sales revenue thanks probably to nationwide distribution and the streams of visitor, nearly 600,000, passing Shenzhen each day. Chain store companies in Shenzhen opened about 6,000 new stores nationwide and they operated 50,000 chain stores in total ...
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Anhui paves way for global distribution of food
(Jul 23, 2013) HEFEI, Anhui - The Bureau of Commerce of Anhui Province has signed strategic cooperation agreements with French retail giant Carrefour to directly supply Anhui-grown agricultural produce to Carrefour's supermarkets worldwide, a move which will be made role models. Carrefour will increase direct sourcing of agricultural produce from farms and local ...
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E-commerce rules locally and globally
(Jul 18, 2013) HEFEI, Anhui - About 200 e-commerce companies and local brands in Anhui earned online sales revenue of RMB340 million in the province's e-commerce platform in the first half of 2013, and what is encouraging is that 65% of local Anhui brands which have no e-commerce experience have begun to taste ...
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Chongqing Grain targets RMB100bn sales
(Jul 02, 2013) CHONGQING - State-owned Chongqing Grain will build a foodstuff logistics and transit park in Chongqing's Liangjiang New District, paving the way for RMB100 billion of sales from processing foodstuffs, soybean and edible oil. Chongqing Grain will invest RMB8 billion in the logistics park which will be located in Binjiang New ...
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Cotton price weighs on China's textile competitiveness
(Jul 09, 2013) YANCHENG, Jiangsu - Jiangsu-based Dahong Textile Group Shareholding Co. Ltd. has been approved to invest US$100 million in setting up a textile and agro-processing industry park in the African country of Tanzania, the latest move by Chinese textile firms to spread overseas to attain competitiveness. The first overseas agro-processing project ...
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