As the H1N1 flu spread all over the world, the share prices of domestic vaccine makers rose on surging order for vaccines, even the benchmark Shanghai Composite Index fell 2.83 percent.
The vaccine producer Hualan Biological rose 2.47 percent to 57.7 yuan in Shenzhen on Oct 27 while Layn Natural Ingredients rose 2.93 percent to 44.94 yuan.
As Shenzhen Neptunus Bioengineering Read more…
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The Coca-Cola Company officially announced its entrance into China’s dairy beverages market on Monday and after that the company on Friday followed with a remarkable expansion of its largest single investment for strengthening its still beverage business in China.
Coca-cola opened a bottling plant in Wuhan which is the capital of Hubei province with 600 Yuan; it will be operated by the most advanced still beverages producing technology in the Coca-cola system globally.
It’s the 39th facility to bottle Coca-cola’s products across China, and the 10th opened bottling plant for manufacturing Coke’s still Read more…
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6.11 million fresh graduates will crowd into the job hunting market this year while it was only 5.59 million in 2008. Since there is a great pressure of the employment around the country, this year, 50000 graduate students which are three times more than it was in 2008 could work as short-term teachers.
There is a contract with the local government that graduate students should work there for 3 years and the central government will pay a special fund for them. “Some jobs are only Read more…
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Yang Chao, Chairman of China Life Insurance Co Ltd, said yesterday that the company plans to have a try at the property market to diversify its investment lay out. He said China Life would seek to invest in infrastructure, equity, fixed-income securities and the property market.
According to Yang, China Insurance Regulatory Commission is expected to permit insurers to invest in infrastructure and real estate soon and is drawing up guidelines concerning it. China Life is waiting for the inaction of these regulations and making preparations for their Read more…
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Continental Airlines’ first daily nonstop flight between Shanghai and New York was launched on March 26th, which made it the first carrier to start a new cross-border route in China when the global economic situation is worsening.
Jeff Smisek, president and chief operating officer of the US airline, said that China was one of the most important markets and was very important for its future development and success in Asia.
This first daily non-stop flight connects 2 of the largest financial centre in the Read more…
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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…
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In this tough time, more than 70% upcoming graduates are hunting jobs. In March 70% graduates had job offers, but the situation was really different now.
It is reported by Shanghai Foreign Service Co Ltd (SFSC) that since last fall more than 60% graduates have sent out more than 30 resumes. According to Wu Xiaohui, senior campus recruitment consultant with SFSC, graduates are forced Read more…
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Every day in order to buy fresh foods, imposing ourselves to shop in a wet market is an irritating thing we have to do after a whole day of weary work, but now we have an alternative.
A website establishing by a group of college graduates in Shanghai has provided the shoppers with timely deliveries of fresh vegetables, meat, fruits and flavoring which are necessary for a meal with one quick click.
“We have made shopping for food easier and convenient,” said Yanghua, one of the founders of gv123.com, a new online food store in shanghai. “It is a way of life more than just a simple convenience, because this concept of store is accepted and accustomed by our consumers.”
Yang and his colleagues believe it is Read more…
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Because of the 29 percent rise of China sales for its patent medicines, the Swiss drug maker Novartis shows that they may start six new medicines in the domestic market this year.
Senior company executives forecasted that there would be 30 percent growth in sales as sales rose to 3.3 billion yuan in 2008.
Jeffrey, chief executive officer, Novartis China said that 2008 is the best year in their sales in recent years, in spite of the financial turmoil.
This year, a global sales growth of five percent is Novartis’ target. According to Li, the proportion of Novartis’ global sales in China is one percent.
2.26 billion yuan has already been invested and more will be laid in establishing infrastructure, research and Read more…
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According to McKinsey& Company, China will be one of the top five life insurance markets in the world by 2015 with up to $275 billion gross written premiums (GWP). The rapid emergence of the middle class, the shift of high savings to investment products and broader distribution channels will contribute to the growth.
“The slumping demand, shrinking bancassurance and the regulatory move arising from the financial woes may affect life insurers in the short term, but the market in China is promising in the future,” said McKinsey partner Joseph Ngai.
It is indicated that GWP in the domestic life insurance market will grow annually by 16-19 Read more…
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