China News Direct

 
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Jiangsu, Hainan Xinhua Bookstores open distribution joint venture
(May 19, 2008) Jiangsu Xinhua Bookstore Group (JXBG) and Hainan Xinhua Bookstore Group (HXBG) have opened a distribution joint venture in the province of Hainan in mid-May. The joint venture aims to raise the gross sales value by 15% and the total profit by 10% annually in the next five years. The sales ...
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Footwear retailer Xtep targets the high-end international market
(May 19, 2008) China sports brand Xtep International Holdings hopes to build itself into an international brand through the Hong Kong market. Chairman Ding Shui-bo says the company will open distribution and sales outlets in Hong Kong as the company wants to become internationally known. Currently, the company is focusing on the Chinese ...
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Service industry opens wider doors to foreign investors
(May 19, 2008) National Development and Reform Commission (NDRC) is currently revising a service industry operation directory that aims to lift the standard of modern industries and widen the scope of operation for foreign investors. Vice-minister of Commerce Jiang Zeng-wei reveals that the NDRC is preparing an industry guide, "Encouraging Developmental Services Industry ...
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Expert: A bigger service sector is needed to balance growth
(May 19, 2008) A National Bureau of Statistics of China economist, Yao Jing-yuan, says China need to improve and expand its service industry in order to balance economic growth. The current world food stock is only 318 million tonnes and the stock to consumption ratio has fallen to a 20-year low of 15%, ...
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Build brands and meet customers
(May 18, 2008) Chinese merchandise exports to the US has been growing fast in the past decade but they still stay at either the generic level or being sold under the retailer names. Xinhua reporters had consulted some Sino-American trade experts on the issue of Chinese merchandise to build up their own brandnames ...
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Itamae to open more restaurants, targeting revenue of HK$150mn
(May 17, 2008) Itamae Sushi and Itacho Sushi, two well-known Japanese restaurant brands in Hong Kong, plan to open more outlets in 2008. Itamae Sushi's deputy general manager Mr. Mak explained that since their general manager Ricky Cheng has appeared in many TV programs and is famous, shopping malls have invited the company ...
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Integrated Distribution Services expands global business network
(May 17, 2008) Hong Kong-listed marketing and logistics firm Integrated Distribution Services (IDS) makes acquisitions to widen its business network in mainland China and the U.S.. IDS bought a 91% equity stake in Universal Pharmaceutical Laboratories (UPL) for HK$109.2 million on 15 May. This acquisition can extend IDS's drug distribution chain into China ...
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PBOC: Curb inflation and promote consumption
(May 16, 2008) The People's Bank of China (PBOC) has just released the '08 first quarter China monetary policy administration report claiming that the tight monetary policy has preliminarily delivered its intended effects and from now on, controlling prices and promoting domestic consumption will be the central bank's top tasks. PBOC sees that ...
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Sichuan quake hurts GDP and inflation
(May 16, 2008) Southwest Securities of China estimates that total economic loss from the Sichuan earthquake may reach RMB105-190 billion, knocking GDP off 0.15-0.2% in the second to the fourth quarter of the year. Southwest Securities put human and asset loss at RMB75-130 billion. Disruption of economic activities and factory production in neighbouring ...
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Shenzhen Sanlian becomes famous crystal and jade base
(May 16, 2008) Nine well-known crystal and jade companies signed a contract with Shenzhen Sanlian Village on May 15 to set up shop in the Sanlian Crystal and Jade Cultural Village. The Village has become a base for processing, raw material trades and finished product sales. At present, at least 300 processing plants ...
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