China News Direct

 
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Kuehne & Nagel to localize and to provide training
(Jun 18, 2007) The Swiss logistics company Kuehne & Nagel compares the China market favorably to Japanese and Korean ones. To strengthen its business development in China, Kuehne & Nagel plans to provide training to local Chinese employees. Dirk Reich, executive director of Kuehne & Nagel International AG, said that local Chinese governments ...
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Russia offers new market opportunities for Hong Kong manufacturers
(Jun 16, 2007) Hong Kong manufacturers looking to explore the Russian market, especially exporting to the Russian middle class market, should build up brand image and try to minimize tariff pressure. Hong Kong's export to Russia amounted to HK$4.5 billion in 2006, representing a growth of 15%. The Hong Kong Trade Development Council's ...
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Heilongjiang to promote Harbin-Daqing-Qiqihar Industrial Corridor
(Jun 16, 2007) At this year's China Harbin International Fair, Heilongjiang Province invited Hong Kong enterprises to invest in its industrial corridor. The Hong Kong Business Day at the 18th China Harbin International Fair was convened on June 15, 2007. Commerce authorities of Harbin, Daqing, Qiqihar and Zhaodong introduced the Harbin-Daqing-Qiqihar Industrial Corridor ...
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Hopson Development property sale up 30% in second half 2007
(Jun 16, 2007) In the first five months of 2007, property sales of Hopson Development Holdings Ltd. totaled RMB3.8 billion. At present, the company has RMB3 billion cash on hand ready for further investment. In the first half of 2007, property sales of Hopson is similar to that of 2006. The sales in ...
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Hainan signs RMB32bn investment projects in Pan-PRD
(Jun 16, 2007) With its unique resources and industry development, during the Pan-PRD Regional Economic & Trade Cooperation Fair, Hainan province has successfully signed thirty-two investment projects involving RMB32.409 billion. Hainan has chosen 135 focal projects from 190 investment items covering infrastructure, manufacturing industry, tourism, and property development, etc. In the fair, Hainan ...
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Harbin International Fair expects another success this year
(Jun 16, 2007) The 18th China Harbin International Fair has attracted a total of 11,000 visitors from over 80 countries and regions. Since the fair was first held in 1990, over 1.3 million businessmen have attended the fair. The 18th China Harbin International Fair kicked off on June 14, 2007. About 11,000 foreign ...
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Li & Fung buys health, beauty and cosmetic business
(Jun 16, 2007) Li & Fung Ltd has entered into an agreement to acquire the entire issued share capital of CGroup for a total consideration not exceeding US$200 million. The chairman of Li & Fung, Fung Kwok King Victor, expressed that the company is seeking opportunities to enter the health, beauty and cosmetic ...
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Taiwan Cement Corp confirms acquisition of Chia Hsin Cement
(Jun 16, 2007) TCC International Holdings Limited is to fully acquire Chia Hsin Cement Greater China Holding Corporation for HK$2.58 billion. TCC International Holdings Limited (TCCIH) announced it will fully acquire Chia Hsin Cement Greater China Holding Corporation (CHCGC) by equity exchange. Based on the formula of 0.4545 new TCCIH share for each ...
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Le Saunda to roll out leather shoes for high-end market
(Jun 15, 2007) Le Saunda executive Wan Tak Wai reported that the company has plans to sell all existing property projects. He added the company would focus mainly on leather shoes retailing business. In response to the keen competition and continual rising cost in China, the company has to move on developing high-grade ...
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Hong Kong industries asked to improve amid competition
(Jun 15, 2007) Hong Kong industries are facing many challenges like resource restrictions, keen competition, unfair treatment and gradient transfer of industry in China. Manufacturers and companies are advised to improve and enhance their competitive edge as soon as possible. Statistical data from the Federation of Hong Kong Industries (FHKI) shows that the ...
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