-August 31, 2010 Members of the Provisional Minimum Wage Commission have on a minimum wage of HK$29, plus or minus a few cents. The Commision will pass their recommendations to the Chief Executive of Hong Kong, and he will then decide whether to accept the recommendation or recommend other ideas on the minimum wage that [...]
-August 31, 2010 Vietnamese trade officials have announced on monday that Chinese companies are investing more in Vietnam due to cost advantages and also to gain better access to the Southeast Asian market. The cost advantages are potentially vast as average labor costs in Vietnam are half of those in China. This comes at a [...]
-August 31, 2010 Vice-minister of Commerce Jiang Yaoping said that ” E-commerce is helping China sustain its foreign trade at a time when the nation’s exports and imports have been decelerating for months”. In a press conference on China’s E-commerce Report 2008-2009, he said China’s e-commerce industry will accelerate “at a high speed” in the [...]
-August 30, 2010 Chinese PC maker Lenovo has created a games console in order to compete with Microsoft, Nintendo and Sony. On Aug 9, Lenovo spun off a team to develop and market the “Ebox”, a platform that was similar to Microsoft’s Kinect for their Xbo 360 Console. The Kinect enables users to wirelessly ontrol [...]
-August 30, 2010 Nike Inc, which is currently the top-selling global sports brand, is launching a range of low-priced products across China incluing second to four-tier cities, in order to encourage more consumers to buy their goods. Similarly, Adidas AG, another major overseas sportswear brand in China is also doing the same. Currently, most Nike [...]
-August 30, 2010 According to the website of the State-owned ssets Supervision and dministration Commission(SASAC) on monday, Nineteen centrally administered State-owned enterprises (SOEs) in China began their worldwide search for managers and other senior positions. The manager position is vacant in the following five SOEs according to the SASAC: Dongfeng Motor Corp, China State Construction [...]
-August 26,2010 According to a senior economist with the Royal Bank of Scotland(RBS), the Chinese economy will begin to stabilize in the fourth quarter after government tightening measures has caused the the recent marked slowdown, however, however, the Country faces the possibility that the economy face downside risks next year as external demand weakens Ben [...]
-August 26, 2010 China’s trade deficit with Southeast Asian nations has sparked worries that the biltareral free trade agreement that was put into effect this year, has contributed to the trade deficit. China’s trade surplus ballooned to $7.5 billion in the first seven months of , this year compared to $400 million in the same [...]
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