-October 4, 2010 On October 3, Premier Wen Jiabao said that China will work closely with the European Union (EU) and especially with Greece to tide over the once-in-a-century financial crisis. The Premier said in Speech to the Greek Parliment that China’s commitment to strengthen China-EU relations “was not an expediency, but actually a long-term [...]
-September 28, 2010 Hong Kong exports has increased 36 percent in August, and also seen as the strongest jump in 18 years is due to strong demand in the mainland and a gradual recovery in orders from both the United States and Europe. The exports, which was comprised of re-exports and domestic exports, soared to [...]
-September 27, 2010 The Sunday Times has reported that Chinese food company Bright Food is in exclusive talks to buy Britain’s United Biscuits for more than 2 billion pounds ($3.13 billion). the newspaper has said that according to their sources that were close to the deal, Bright Food had pre-empted a planned auction and was in confidential talks [...]
September 27, 2010 Bloomberg news has reported that China’s Ministry of Commerce on Sunday, starting September 27, 2010 China will impose an anti-dumping duty that could be potentially as high as 105.4 percent on US broiler chicken products. The ministry explained that China found the US industry dumped their broiler chicken products on the Chinese market, thereby affecting domestic production. [...]
-September 25, 2010 In a UPS Asia Business Monitor report that was released on last mondy, a majority of Chinese small- and medium-sized enterprises (SMEs) chose to conduct the majority of their business in the Asia-Pacific region. The report, which was an annual survey that gauged SME decision-makers’ sentiments, showed that 78 percent of Chinese [...]
-September 20, 2010 On Sunday, Chinese e-commerce Alibaba Group turned down the suggestion made by Yahoo chief executive officer Carol Bartz that it was possible she was allowed to join the board of Alibaba in the near future. Wang Shuai, chief marketing officer of Tabao.com under the Alibaba group, has responsed to Bartz comment by [...]
-September 17, 2010 Dell is betting US $100 billion that a huge personal computer demand will continue to persist in China for the next decade. Dell announced on Thursday that it plans to open a manufacturing, sales and service center in Chengdu in 2011, and that the facility would employ more than 3000 workers. Dell [...]
-September 16, 2010 Lutz Bethge, CEO of Montblanc has told China Daily that China overtook the United States in 2008 to become Montblanc’s largest market. He also added to the paper that “What surprised me was how fast it happened. I was always saying that China will overtake the US in 2010 or 2011″. Bethge [...]
-September 16, 2010 Chinese billionaire Chen Guangbiao has agreed to donate his entire fortune to charity through his personal letter, that was later posted on to his company’s website on September 5, 2010. It also signified the billionaire’s decision to honor a pledge from fellow billionaires Bill Gates and Warren Buffett, and other 38 billionaries [...]
-September 15, 2010 The Commerce Department has said that Retail sales in the US increased 0.4 percent in August, which was the second straight monthly increase and the biggest since March. This lends further evidence that a second recession is not on the way. A separate Commerce report has said inventories held by businesses increased [...]