China News Direct

 
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76.6% Mainland Netizens Willing To Buy Taiwan Products
(Jun 28, 2010) As of the end of April, 64% of netizens in mainland China had heard of Taiwan products and 76.6% was willing to spend on these products, which showed Taiwan's brands had successfully gained popularity in the mainland online shopping market, according to iResearch, a market research agency. However, iResearch pointed ...
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Henan's Consumer Goods Sales Outgrew National Average Jan-May
(Jun 28, 2010) From January to May Henan Province saw retail sales of consumer goods amount to RMB304.5 billion, up 18.5% year-on-year, 0.3 percentage point higher than the average growth rate in China. Distribution of retail sales of consumer goods in areas: Urban area: RMB254.05 billion, up 19.4%; Rural area: RMB50.449 billion, up ...
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Taiwan Salt Takes ECFA to Expand in China
(Jun 28, 2010) More than 60 middle-level managers of Taiwan Salt Industrial Corp. received "cadre training" on the topic of the economic cooperation framework agreement (ECFA) between China and Taiwan on June 26 and 27, paving the way for business expansion in China. Hung Hsiyao, chairman of Taiwan Salt, told the trainees that ...
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Shanghai Opens Trading Center For Taiwan Produce
(Jun 28, 2010) In Shanghai, a new trading center for Taiwanese agricultural and sideline products started operation on June 26. The trading center provides a platform for Taiwanese agricultural enterprises to conduct wholesale trade, promotion & retailing and logistics. ...
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Guangxi's Qinzhou Consumer Goods Retails Up 19.2% In Jan-May
(Jun 25, 2010) From January to May retail sales of consumer goods in Qinzhou City, Guangxi Autonomous Region amounted to RMB7.215 billion, up 19.2% year-on-year. Retail sales in urban area rose 19.6% to RMB6.379 billion, while those in rural area grew 16.2% to RMB836 million. ...
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Chinese Retailers Convene In Chengdu
(Jun 25, 2010) The 5th China Retailers Convention and Exhibition (CRCE), organized by China General Chamber of Commerce and Chengdu municipal government, started on June 25. In the two-day event, nearly 800 participants, including domestic and foreign experts, scholars, representatives of business brands, product brands and retailers associations, will gather in Chengdu to ...
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Shandong Harvests 95% of Wheat
(Jun 25, 2010) Shandong Province has harvested 50.72 million mu (1 mu = 1/6 acre) of wheat so far this year, accounting for 95% of the total area of wheat plantation in the province. Shandong will plant additional 250,000 mu of wheat this year, harvesting a total of 53.40 million mu and be ...
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EQT May Invest in Chongqing Bakery Qinyuan
(Jun 25, 2010) Private equity group EQT Partners is planning to enter the local cake and bakery market in Chongqing, teaming up with local partner Qinyuan Group. Qinyuan will bring in strategic investors in preparation for an IPO. But it will maintain its controlling equity stake and EQT has just arrived at the ...
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Shanghai's Lianhua Becomes Biggest Supermarket Group In China
(Jun 25, 2010) Lianhua Supermarket Holdings Co. Ltd. announced that subsidiaries Lianhua and Hualian would merge operations starting from July 10. Lianhua will then become China's largest chain operator of standard supermarkets with over 3,500 outlets and sales of about RMB50 billion per year. It will make over RMB10 billion sourcing in Shanghai ...
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Enriching the People will be Mission of 12th Five-year Plan
(Jun 25, 2010) Speeding up economic transformation will be the theme of the 12th Five-year Plan, a report by Outlook Weekly says. China needs to seek new growth energy over the 12th Five-year Plan period (2011-2015) which will predominately be a period of growth through domestic consumption, said Tang Jian-hua, senior macro-economic analyst ...
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