China News Direct

 
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Wenzhou Shoes Export Grew 24% On External Demand
(Dec 27, 2010) Wenzhou City, Zhejiang Province exported 676 million pairs of footwear from January to November 2010, registering a growth of 23.88% year-on-year. Data from Wenzhou Customs showed in the period, Wenzhou exported US$3.52 billion worth of footwear, posting a growth of 41.67% year-on-year. Export of safety shoes mainly used in mining, ...
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Wenzhou Shoes Maker Aokang Forms Alliance
(Dec 26, 2010) Shoes maker Aokang Group in Wenzhou, Zhejiang Province signed an agreement to form one of the largest shoes making industry alliance with China Chain Shoes City Association. Aokang is one of the biggest shoes makers and retailers in Wenzhou. It has over 800 retail outlets selling its Kanglong brand shoes ...
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China Makes Price Watch Prime Task
(Dec 24, 2010) China's National Development and Reform Commission (NDRC) will make six measures to combat price hikes in 2011, but it is said that raising interest rates will be the last resort. NDRC will keep regulating the market and keeping prices in order will be the prime task, especially the prices of ...
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Cosmetic Retailer Sa Sa Sees Better Year Ahead
(Dec 21, 2010) Cosmetic retailer Sa Sa International Holdings Ltd. expects another robust year in 2011 as retail sales will be supported by mainland Chinese visitors and a better local economy in Hong Kong. Speaking at a shareholders' meeting, Sa Sa's chairman Simon Kwok expressed his optimism towards sales, saying the company reported ...
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Shandong's Qingdao Builds CBD
(Dec 21, 2010) Qingdao City, Shandong Province has been investing RMB32 billion in establishing a central business district (CBD) since 2004, and the CBD has attracted an accumulated commercial investment of RMB28 billion. The CBD in Qingdao will be a cluster of high-tech industries, including sectors of commerce, finance, intermediary services and information ...
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Panasonic Ventures To Third, Fourth-tier Chinese Cities
(Dec 21, 2010) Panasonic is going to introduce 18 series of air conditioner in 2011, containing as many as 161 new models that are expected to gain back market share in China. Panasonic is eager to make a return to the mainland Chinese market, securing a bigger market share and venturing into third- ...
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Jin Jiang Forms Joint Venture With Shanghai Tower
(Dec 20, 2010) Shanghai Jin Jiang Int'l Hotels (Group) Co. Ltd. has set up a hotel asset management joint venture in Shanghai, providing hotel decoration, pre-opening services and facility leasing services. Shanghai Jin Jiang signed a joint venture agreement with Shanghai Tower to participate in the Shanghai Tower Hotel project in Lujiazui, Shanghai. ...
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Huiying Merges With ITAT To Create Strong Fashion Group
(Dec 17, 2010) Huiying Joint Supply Chain Group Company Limited announced a merger with ITAT Group through a debt-equity swap transaction on December 15, creating an even stronger fashion production and sales conglomerate. After the merger, the major shareholders include Zhongnan Commercial (Group) Co., Ltd., ITAT Group and 16 former ITAT preferential stockholders, ...
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Shenzhen's Dafen Oil Painting Fair Clinched RMB600Mn
(Dec 16, 2010) Shenzhen, Guangdong Province, hosted the 1st China (Shenzhen) Oil Painting Fair and Dafen International Oil Painting Festival 2010 from December 3 to 15, clinching a deal of RMB655 million, including an export of RMB380 million. The fair exhibited a hundred of replicas of world class paintings, and held oil painting ...
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Chinese Cosmetics Suppliers Tap Emerging Markets
(Dec 15, 2010) Exports of cosmetics and skin-care products from China grew 22% year-on-year to US$358 million in the first half of 2010, according to the "China Sourcing Report: Beauty & Cosmetics" produced by Global Sources. The report shows that 85% of the surveyed Chinese beauty and cosmetics suppliers have increased export prices, ...
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