China News Direct

 
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China Resources to focus on food, beer and retail business
(Apr 01, 2008) China Resources Enterprise will have 2008 capital expenditure of up to HK$8 billion, mainly for the food, beer and retail business. The company will open 250 supermarkets in China and boost beer turnover by at least 25% in 2008. Executive Director Chen Shulin says the company will try to keep ...
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Changyu Pioneer Wine targets at US$1.7bn sales in 2013
(Mar 31, 2008) China-based Yantai Changyu Pioneer Wine Company Limited expects the annual sales revenue to jump 2.4 times to US$1.7 billion in 2013 with a compound annual growth rate of over 20%, says its general manager Zhou Hongjiang in the late March 2008. According to a beverage market report released by the ...
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Hutchison Whampoa to open shopping arcade in Liwan
(Mar 31, 2008) Hong Kong conglomerate Hutchison Whampoa Limited will complete a shopping arcade entitled Metropolitan Plaza in the district of Liwan in Guangzhou city of Guangdong province by the end of 2008. The shopping arcade will be located in an international business circle with gross floor area of about 245.6 hectares. A ...
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Organic food seen as healthy but expensive
(Mar 31, 2008) A survey conducted by Hong Kong Organic Resources Centre revealed that over half of the respondents do not know much about organic food although many of them have bought organic food before. The survey with 460 people in Hong Kong revealed that 63% of respondents have bought organic food. Most ...
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HK jewellery traders like high-spending Mid-East clients
(Mar 31, 2008) Despite the vastness and the lucrativeness of the U.S. market, a weakening economy slows down import demands and Hong Kong government statistics show that Hong Kong's export growth is mainly driven by emerging markets like the Middle East, Russia, and India. In particular, high-spending Middle East clients who are able ...
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NDRC raises crop buying price to stabilize supply
(Mar 31, 2008) National Development and Reform Commission (NDRC) states that raising the minimum crop buying price will not accelerate goods price hike. NDRC indicates that elevating the minimum crop buying price can add supply and stabilize overall market price. Another purpose is to encourage peasants to expand crop growing area for steady ...
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Moiselle plans to add 3 outlets in Beijing
(Mar 31, 2008) Hong Kong fashion brand MOISELLE has grasped the Olympics opportunity and revamps the brand in China. The brands MOISELLE sells in China are first-grade and international ones. It plans to open 3 retail outlets in Beijing, which include a 5,000 sqf flagship store. MOISELLE International Beijing branch vice general manager ...
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China Green buys more farm land in the Yangtze provinces
(Mar 31, 2008) China Green (Holdings) Ltd chief financial officer Gong Wei Si says that the new farm policy launched by the central government in 2008 helps the company develop cross-province farm land. Fresh fruit and vegetables are the greatest income source of the company, which accounts for 26% of the total, while ...
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Walker Group expands brand name development
(Mar 31, 2008) Hong Kong footwear peddler Walker Group Holdings has been promoting some brand name merchandise through cooperation with film producers and chief financial officer Chu Yin Man disclosed recently that in 2009, the company will introduce one to two brands through institutional investor Itochu of Japan. The Japanese trading giant is ...
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Walker Group plans HK$200mn for 400 new outlets
(Mar 31, 2008) Hong Kong footwear peddler Walker Group Holdings CEO Kiu Wai Ming says the pace of opening new outlets could be faster than planned in 2008 and foresees the company will spend HK$ 200 million to open 400 new outlets of those 200 will be in 2008, the pace is faster ...
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