Shares hit 13-month high Chinese equities gained 2.1 percent to hit a 13-month high yesterday, boosted by financial, real estate and steel shares. The benchmark Shanghai Composite Index closed at 3,145.16 points, up 64.6 points, or 2.1 percent. The Shenzhen Component Index closed at 12,991.06 po...
Coca-Cola plant opens A new bottling plant, the 37th facility to bottle Coca-Cola products in China, opened in Jiangxi Province yesterday. Costing 100 million yuan ($14.3 million), the plant will create 424 new jobs and an additional 4,000 jobs with local suppliers. The plant has an annual capac...
ZTE Corp<000063><0763>, a major telecom equipment vendor in China, is likely to secure the biggest contract in China Mobile Ltd's<941><CHL> third round of bidding to supply TD-SCDMA wireless equipment, sources reported. According to media estimations, ZTE is likely to win a 36% share of China Mobile's...
Woori Bank China Ltd, the Chinese subsidiary of Woori Bank, the flagship unit of South Korea-based Woori Finance Holdings, has recently started offering RMB debit card services, becoming the first South Korean bank as well as the first among the Beijing-incorporated foreign lenders to do so...
Nalco Holding Company, the world's largest maker of chemicals used in water treatment and for industrial processes, plans to double its sales in China within five years, the Shanghai Daily reported.Erik Fyrwald, Nalco's Chairman, President and CEO, said the company expected to make China its second largest...
Germany's Bosch Group, a leading automobile components maker, said recently that sales in China had maintained strong growth last year despite showing global sales due to the economic downturn, according to a China Daily report.
In the global textile and clothing market, China has been a major player for almost two decades. Since becoming a member of the World Trade Organization, China's...
LG Electronics Inc, the world's third biggest TV and mobile phone maker, plans to introduce 25 new 3G mobile phones to China in 2009, including touch-screen models and phones with high-speed Internet access and high-quality 5 megapixel or 8-megapixel cameras, Shanghai Daily reported on Wednesday....
Shanghai, April 14 (Gasgoo.com) France's Renault SA has recently announced the setting up of its Greater China division, to be led by Mr. Chen Guozhang (Robert Chan), former general manager of Nissan China Investment Co.'s Nissan-brand imports unit, said Gasgoo.com today.
Coach Inc, a leading New York design house of modern fashion accessories, Wednesday announced that it has completed acquiring its retail businesses in China from Hong Kong distributor ImagineX Group, the China Daily reportedThe acquisition, which was conducted in two phases, includes all 17 stores on the...