Chengdu's thriving commercial center. More and more of China's second-tier cities are starting to resemble Shanghai and Beijing. Photo by Maria Trombly.
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April 15, 2008 --
With China?s mainland financial market gradually opening up, foreign banks are moving fast into second-tier cities, including coastal and hinterland locations in the central and western regions for expansion.
?CBRC…
March 14, 2008 --
Local governors are positioning Wuhan City as the automotive capital of Central China in view of brisk sales from the presence of global automotive giants in this historic industrial hub.…
February 14, 2008 --
Beijing-based ASIMCO is a foreign-invested company established in 1994 specifically to serve the Chinese automotive components market. ASIMCO has 17 factories in eight provinces around China, and has a strong…
February 1, 2008 --
China Venture Films, LLC. expects to to sign a distribution deal for its new movie, "Milk and Fashion," in China in the next couple of weeks. This is the first…
January 17, 2008 --
Electronic commerce (e-commerce) took great strides forward in China in 2007, with a new B2B commodities exchange, more ways for consumers to sell products to one another online, and new…
January 11, 2008 --
International logistics enterprises began expanding their business to China's second- and third-tier cities last year -- a trend which is expected to accelerate in 2008.
FedEx Corp. subsidiary FedEx Express,…
January 5, 2008 --
Millennium & Copthorne Hotels plc owns or manages over 110 hotels in 17 countries around the world. Its portfolio includes the Grand Millennium, Millennium, Copthorne and Kingsgate hotels.
Ng Chee Theam is a…
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April 15, 2008 --
When the hijackers flew those airplanes into the Empire State Building on September 11, 2001, Americans were -- briefly -- united in their horror and outrage.
That outrage led the…
March 14, 2008 --
This week, the big news for many of my company's clients has been the Eliot Spitzer scandal in New York. My company provides editorial coverage to Wall Street magazines, among…
February 11, 2008 --
This weekend, a friend asked me to tell him all I knew about consultants in China -- but to tell it quickly, since he didn't have much time.
My initial…
February 1, 2008 --
Frivolous lawsuits are one of the banes of Western corporate life. Lawsuit artists walk through stores looking for puddles to slip in, sue restaurants for the coffee being too hot…
January 22, 2008 --
The usual advice for new managers coming to China has been to adapt, and to learn to do things the Chinese way. Don't bring your expectations and standards to China,…
January 18, 2008 --
Thursday night, I witnessed the birth of an industry -- the foreign-made Chinese movie business.
In the United States, we don't think twice about foreigners making English-language movies for American…
January 10, 2008 --
A new labor law went into effect at the start of the year, making it more difficult -- and expensive --to fire employees. The law also specifies increased additional costs…
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January 18, 2008 --
McDonald's, like KFC, has been Sinicising its menu, offering up items designed to appeal to Chinese tastes. This would seem to be both common sense and completely unnecessary -- common…
January 11, 2008 --
Customer service is one of those elusive concepts that seems to be defined by its absence. You recognize it most when it is missing. It is also an area where…
December 27, 2007 --
Coming from the US, a country famous as a place where everyone does their own thing, the power of a central government to control people?s lives can be impressive. It?s…
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April 15, 2008 --
Chang'an International Corporation [CHANA], a Chongqing-based automobile manufacturer, plans to establish an R&D center in Japan this April.
"The plan on the establishment of an R&D center in Japan is…
April 15, 2008 --
HSBC Bank (China) Co. Ltd. is set to open its Zhengzhou branch by August this year, according to a local spokesman of the China Banking Regulatory Commission (CBRC).
The CBRC…
April 10, 2008 --
British retail giant Tesco will open the first of a planned five stores in Hefei by the end of this year, the Hefei Foreign Trade and Economic Cooperation Bureau announced…
March 14, 2008 --
Air China Southwest branch announced a new flight route from Chengdu to Osaka, starting March 31. It will be the company's second route from Chengdu to Japan.
There will be…
March 14, 2008 --
About 80 million tourists attended the February "Big Temple Fair" in Chengdu, bringing in 8 million yuan (US$1.12 million) for the region.
According to an executive from the Wu Hou…
March 14, 2008 --
China's central government has approved given the nod of approval to China's first international and regional economic cooperation zone in Guangxi in late February. The construction of the Beibu Gulf…
February 11, 2008 --
There were 14,000 star-grade hotels in China at the end of 2007, according to government statistics. The world's top ten international hotel management groups all have a presence in China.…
February 11, 2008 --
The first trials for horse racing beting will soon be held in Wuhan, the capital of Hubei Province. Central authorities authorized the gambling to start in September, after the Beijing…
February 1, 2008 --
The Asian Development Bank is working a western China anti-desertification project, estimated to cost up to US$150 million.
Manila-based Asian Development Bank [ADB] partnered with the State Forestry Administration of…
January 25, 2008 --
China's Information Office of the State Council issued the country's first ever white paper on energy conditions and policies in late December, calling for an energy strategy centered on energy…
January 25, 2008 --
The real estate boom has moved inland, driven by recently unleashed market demands in the second- and third-tier cities, and market saturation in the first-tier metropolises.
In December, the city…
January 25, 2008 --
The World Bank has approved a US$100 million (723 million yuan) loan for a Guiyang transportation project, the bank announced Jan. 8.
The project will support a four-year infrastructure investment…
January 18, 2008 --
The National Development and Reform Commission and the Ministry of Commerce jointly issued a foreign investment guide in December, focusing on promoting foreign investment into recycling and renewable energy businesses.…
January 18, 2008 --
The All-China Federation of Trade Unions announced last week that it will unionize more than 80 percent of foreign-funded and private companies this year, reported the official Xinhua newswire.
According…
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April 17, 2008 --
Jingangwan International Logistics Park, started construction in Lianyungang recently, the state-owned People's Daily newspaper reported Wednesday.
The park, located in northern Jiangsu province, will take five years to complete and will cover an area of 22…
April 15, 2008 --
Sales at China's top 100 chain stores increased 21 percent to 1trillion yuan (US$ 143.3 billion) last year, according to state-owned Xinhua newswire citing a report released by the China Chain Store and Franchise Association.…
April 15, 2008 --
China's regional jet, the ARJ21-700, won't make its maiden flight until September or October due to delays in the supply of key parts that are up to par with the…
April 7, 2008 --
Amsterdam-based WageIndicator Foundation and Beijing's Renmin University launched a Chinese wage data collection project this month. Minimum wage data for the provinces is already available on their website, Record number of new phone subscribers in February, half from rural areas
March 25, 2008 --
Almost 10 million new subscribers signed up for mobile phone service in February, almost half from rural areas, the state-owned Xinhua newswire reported yesterday. According to the agency, the Ministry of Information Industry…
March 25, 2008 --
Slower growth in exports will bring GDP growth down to 10.5 percent in 2008, down from last year's 11.4 percent, predicts a report from Renmin University's Economic Research Institute, the…
March 25, 2008 --
The McKinsey Global Institute predicts that China's urban population will hit one billion by 2030, up from 572 million in 2005, and urged the country to focus development on 25…
March 20, 2008 --
Lee Scott, chief executive of Wal-Mart, says that Wal-Mart will ask thousands of its Chinese suppliers to support saving energy and reducing emissions, reported China Sourcing News yesterday.
March 20, 2008 --
Crowne Plaza City Center Ningbo has completed an eight-month extensive renovation program and announced an official opening, China Hospitality News reported today. This is the first Crowne Plaza brand hotel in Zhejiang province.
March 20, 2008 --
Langham Hotels International says it will have 20 hotels in China within five years, in Shaighai, Beijing, and in other provicial capitals, China Hospitality News reported today.
March 20, 2008 --
The five-star New World Hotel Wuhan will open on April 15, part of an integrated complex that includes high-end offices, a department store, and residential space, China Hospitality News reported yesterday.
March 20, 2008 --
Singapore's Changi Airports International Pte. Ltd. will invest over $720 million in six to eight airports in China over the next five years, China Hospitality News reported yesterday, focusing on two major airports in…
March 20, 2008 --
France will help the Anhui Provincial Tourism Bureau develop a rural tourism demonstration project, China Hospitality News reported Monday.
March 14, 2008 --
March 14, 2008: Meiji Dairies Corporation, one of the largest dairy products manufacturers in Japan, intends to invest in Wuhan of central China. One of its brands, Kyushu milk delegation…
February 14, 2008 --
Chinese insurance companies have reported more than 1 billion (US$139 million) in payments to the victims of the recent snow disaster in southern China, according to the state-owned China Daily…
February 11, 2008 --
Chengdu Hoist is launching a project to market its Sanqitongshu capsules in Europe. The capsules, a traditional Chinese medicine used to treat ischemic stroke, is currently in the Phase IV…
February 11, 2008 --
China will have two new railways directly lead into middle Asia Railway network in Xinjiang Autonomous Region by the end of 2010. The two railways will be China- Kyrgyzstan- Uzbekistan…
February 8, 2008 --
Caterpillar, the world's largest maker of bulldozers and excavators, has taken over Shandong SEM Machinery Co.
According to a report in American Machinist, the purpose of the acquisition was to meet growing customer…
February 5, 2008 --
The Bank of China has issued 1 billion yuan (US$144 million) to businesses affected by the recent weather problems, reported the state-owned Xinhua newswire Tuesday. Recipients were primarily in the energy, oil, petrochemical, telecom, transport…
February 3, 2008 --
About two-thirds of Shanxi's coalminers will stay on the job during the Chinese New Year holidays, reported the state-owned Xinhua newswire. Production will be 30 percent higher during the holiday compared to last year,… |
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