China News Direct

 
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New World to Open Zhengzhou Outlet in 2009
(Jul 09, 2008) New World Department Store China Limited (NWDS) has bought an outlet of Yu Hong International for RMB307 million at Zi Jing Shan in Zhengzhou City, Henan Province. NWDS will enter the high-end department store market in the city. It plans to build a 4-storey, mid- to high-end comprehensive shopping centre. ...
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Chinese garment industry enters niche market era
(Jul 09, 2008) The 'September 15 Home Garment Day in China' operation was launched in Guangzhou to signify the start of the niche market era of the sector. Underwear and other forms of home garment sales have shown double-digit growths in the past years and is expected to reach RMB500 billion a year ...
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Guangdong industrial upgrade must go through relocation
(Jul 09, 2008) The 'tide of closure' has been flooding the Pearl Delta manufacturing sector this year, with the footwear, garment, toy, and ceramic and china industries suffering the most. Small- to medium-sized Hong Kong and Taiwanese companies which have not created domestic sales channels are in dire straits. Provincial government figures showed ...
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Inner Mongolia invites investments from international companies
(Jul 08, 2008) The China Communist Youth League Inner Mongolia Committee will organize a business tour for international companies to visit the region and to check out investment opportunities in the Inner Mongolia. The Youth League will invite around 200 young representatives from well-known companies to visit and check out the local business ...
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Vietnam's exports of farm and marine products up 25% in 1H '08
(Jul 08, 2008) Vietnam's exports of agricultural, aqua-marine and forestry products reached over US$7.65 billion in the first half of 2008, showing a growth of 24.8%. Vietnamese business news reports that based on information from the agricultural and rural development departments, exports of agricultural products showed a 31% growth to US$4.2 billion in ...
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Over 6,000 companies to attend Fall Wine Fair
(Jul 07, 2008) The 2008 Fall National Sweet Wine Commodity Exchange Fair is going to take place in Changsha, Hunan Province on 10 October. Over 6,000 companies will attend the event and 150,000 participants are expected to show up. The Wine Fair has attracted 6,000 companies from over ten overseas countries. Local famous ...
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Hefei to Speed up Agricultural Development
(Jul 05, 2008) The city of Hefei, Anhui Province, believes the industrialization of agriculture would facilitate local economic development. Animal husbandry, forestry, farming and production of edible oil have become major businesses in Hefei in recent years. The continued development of the agricultural industry has encouraged construction of agricultural processing bases and boosted ...
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Shum Yip Taifu Logistics expands to furniture retailing
(Jul 05, 2008) Shum Yip Taifu Logistics Group (SYTF) wants to transform the Sungang Logistics Park into the third largest commercial zone in the city of Shenzhen, Guangdong Province. The Group has opened a home decoration store, named Goodfor, to enter the furniture retail business in early July. This store is in a ...
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Vinexpo, IWSR: Asian red wine market will grow fastest
(Jul 05, 2008) The red wine market of Asia will grow 8% on average yearly, but the global market will only grow an annual average of 1% in the next five years. Vinexpo held the Vinexpo Asia-Pacific 2008 in the Hong Kong Convention & Exhibition Centre (HKCEC) in late May. It attracted 8,868 ...
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A RMB1,200bn wedding market emerged in China
(Jul 05, 2008) China has about 10 million pairs of people getting married each year, giving the wedding market a business scale of 1,200 billion yuan. Statistics show that people in eastern China spend the most on wedding while those in southwest China spend the least. As inflation sets in and with higher ...
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