Suning is going to expand its rural market by taking advantage of the government’s rebate programme for household electric appliances. Suning is currently the second largest electrical appliances retailer, immediately after Gome. And through this effort, it is making an attempt to beat Gome in this war.
The company will open no less than 1000 shops, of which a small amount will belong to Suning, while the rest will belong to those who invested in Suning’s brand shops. These newly opened stores are to meet the rural residents’ needs by occupying smaller areas Read more…
Popularity: 1% [?]
China, economy, government, household, market, programme, Suning
Despite of the financial crisis, China has more rich people.
The report released by China Merchants Bank and consultancy Bain & Company on 30th, March shows that around 320,000 people will have 10 million Yuan ($1.46 million) of asset by the end of this year, which is 6% higher than that of last year.
The asset includes cash, stocks, funds, securities and real estate investments, Read more…
Popularity: 4% [?]
asset, cash, China, crisis, economy, stock
On April 1st, Shanghai launched a new policy, which will enable more people to get loans to start business.
The new policy of Shanghai human resources and social security bureau says that after providing a feasible business plan, any Shanghai citizen under 35 can apply a one-year loan up to 100,000 Yuan ($14,630), which is guaranteed by the government.
An official with the bureau Read more…
Popularity: 3% [?]
business, China, economy, graduates, loans, Shanghai
It has been confirmed that BeijingWest Industries of China will purchase the remaining global suspension of Delphi Corp; this acquisition is regarded as part of its rebuilding plan.
In the e-mail replying to China Daily on April 1st, this US auto parts supplier said its portfolio transformation, asset sale and purchase agreement have already been made.
BeijingWest Industries is owned by a state-owned company Shougang Group, Bao’an Investment and Development Co Ltd and Beijing municipal government, all of Read more…
Popularity: 3% [?]
Beijing, China, Delphi, economy, industry, plan, suspension
A bridge connecting major cities in the affluent Pearl River Delta will be built, the bidding for designing the longest sea link opened several weeks ago.
According to estimation, 72.6 billion yuan ($ 10 billion) will be cost on this 29.6 km bridge, which links Hong Kong, Zhuhai and Macao. The reclaimed island off Gongbei of Macao and the eastern artificial island for the tunnel section of Hong Kong will be connected through this bridge. Read more…
Popularity: 3% [?]
bid, bridge, China, city, economy, Hong Kong, Macao, sea, Zhuhai
Top 50 foreign investments
in service enterprises in Nanjing
(in terms of tax paid)
1. ZTE Software Nanjing Co Ltd
2. Golden Eagle International Group
3. BSH Home Appliances (China) Co Ltd Read more…
Popularity: 5% [?]
China, economy, enterprise, investment, nanjing, Outsourcing, service
“It is hard to find another city like this.” Dr Sun Yat-sen, the 20th century revolutionary and politician, said this line after gazing over the city, which is one of the Four Great Ancient Capitals in China and is much loved by Sun. He is still considered as “the Father of Modern China”.
He once wrote the city of “The setting of Nanjing is wonderful. Mountains, lakes and plains are all around here,” as his mausoleum lies in Nanjing. However, the historical and contemporary significant has Read more…
Popularity: 3% [?]
capital, China, city, economy, mausoleum, nanjing, Yangzte
Tender Notice for Consultancy for
Independent Checking and Advisory Services
At the Design and Construction Stages for the
Hong Kong-Zhuhai-Macao Bridge (HZMB) Main Bridge Project
The Feasibility Study Report of HZMB project was submitted to the National Development and Reform Commission for approval in end December 2008. Meanwhile, the investigation and design of the HZMB Main Bridge under the preliminary design stage has commenced. Read more…
Popularity: 5% [?]
China, consultancy, economy, notice, project, tender
After the examination of Aluminum Corp of China’s (Chinalco’s) investment in Rio Tinto, the Australia government has decided to extend another similar examination of two more Chinese firms’ investment in the country’s miners.
According to what OZ Minerals said on Monday, the country’s Foreign Investment Review Board would extend its review of the takeover of OZ Minerals by China’s Minmetals from March 24 and the examination would last for 90 days. Read more…
Popularity: 4% [?]
Australia, China, economy, examination, firm, government, investment
Based on official statistics, the companies in Beijing and Shanghai kept on boosting worker’s incomes last year, although we are now going through the worst financial disasters.
According to the Beijing Municipal Bureau of Statistics, last year, workers in Beijing averagely earned 44,715 yuan, which is 4,848 yuan more, or a 12 percent increase than that in 2007.
Statistics of the Shanghai Municipal Statistics Bureau shows that last year, workers in Shanghai averagely Read more…
Popularity: 3% [?]
Beijing, China, economy, income, salary, Shanghai
Suning is going to expand its rural market by taking advantage of the government’s rebate programme for household electric appliances. Suning is currently the second largest electrical appliances retailer, immediately after Gome. And through this effort, it is making an attempt to beat Gome in this war. 
