May Day is of course the traditional worldwide holiday for workers. Be sure, even though the market economy is by now the prevalent economic modus operandi in sodalist as well as capitalist countries, the workers movement has not lost a bit of its importance. The workers are those who keep the economy on track. And t...
China to Reform Real Estate Tax;Banks Chosen for Securitization;Air China Plans Band Sale;Wal-Mart to Move to Shenzhen; Jewelry Stock Taken off Market;
CAIJING MAGAZINE PriceMart Fails (April 4 issue);CEO&CIO Cloudy Futurefor Software Industry (March 20 issue);CHINA NEWS WEEK Fragile Stock Market (April 4 issue).
In the middle of 1982 when Jorg Wuttke, then a German college student, took the train from Heidelberg, Germany to Shanghai via the former USSR with the intention of traveling around China by train, he was considered to be ""crazy"" by some of his friends. But this was just the first leg of his long journey into China...
Listed at number two, Xie Qihua, chairman of Shanghai Baosteel Group, China's largest steel maker, led the group into the Fortune Global 500 for the first time in 2004. In 2003, Baosteel's operating revenue increased 56 percent to reach US＄4.5 billion in 2003, while profits almost doubled.
Clean roads, well-designed residencies and modern factories. Farmers in Huaxi Village of Jiangsu Province are living a life of the communist society described in traditional Chinese textbooks. Every family owns its own car, villa and a hefty savings account. But this rural idyll is just a small segment in China's vas...
Zhao, aged 33, is a migrant worker in a shoe factory in Shenzhen, the prosperous southern Chinese city. He arrived there hve years ago from his home village in north Jiangsu province, a notoriously poverty struck region of China.
In a country where for tens of centuries agriculture was commonly translated as """"the lower breed of society"""", the obvious wealth of contemporary farmers in some parts of China can be surprising to many outsiders. Last year, Huaxi Village, in east China's Jiangsu Province, announced that it gained some z6 billio...
Impended by the lack of a rural financial service network, farmers in China are prone to encounter many difficulties when attempting to secure loans. According to statistics, agriculture accounted for 14.8 percent of China's gross domestic product (GDP) in 2003, but it only used no more than 6 percent of outstanding ...
In March, China's biggest PC maker Lenovo won the US nod to buy IBM's PC business. It marked yet another milestone in the emergence of Chinese brands, which one day may have as great an impact on Western consumers as Japanese brands do today.
China is widely recognized to be one of the domestic payment card markets with greatest potential. According to statistics from the People's Bank of China, the country's central bank, the number of bank cards in China had risen to 76z million as of the end of 2004, a figure that included 663 million debit cards and 9...
At the China Cable and Satellite Broadcasting (CCBN) 2005 exhibition, held in Beijing at'the end of March, two of China's biggest telecom operators - China Telecom and China Netcom - were attracting a great deal of attention.
Can the aviation sector maintain its record growth and overcome the serious challenges that lie ahead?
Last month, China's National Development and Reform Commission (NDRC) raised the price of jet fuel to 4,620 yuan (US$513) per ton, a 10.3 percent rise over the 4,190 yuan (US$505) per ton rate set in August last year, itself a 10.6 percent mark-up. This is the third rise since 2003.
OKAY Airways, the first wholly private airline in China, took off from the Tianjin Binhai International Airport on March Ⅱ. Carrying a total of 80 passengers, the 189-seat Boeing 737-900 leased from Korea Airlines was bound for Kunming, capital of Yunnan Province, via Changsha,
With the storm around the Sudan Ⅰ red dye only just beginning to die down,food safety issues are back on the public agenda.
Several years ago, the typical Chinese consumer purchased his vegetables and groceries at openair markets. Supermarkets were out of his league; they were uncompetitive and overpriced. This has changed. In recent years, shopping in China has become easier and cheaper as the number of supermarkets and retail stores in ...
At the age of 67, Yin Mingshan, Founder and President of Chongqing Lifan Holdings Co has steered into his second adventure. Just like 13 years ago, when he astonished his friends and relatives by investing all his finances into a motorcycle company, the Chongqing-born private entrepreneur has again put himself in the...
Ford, the world's second largest automaker, entered the Chinese market by establishing a joint venture with Chongqing Chang'an Automotive Group in 2001. Since the landing of Chang'an Ford's first auto in January 2003, it took the company just 18 months to hit the 50,000th auto production record, almost half a year ea...
China unveiled a unified stock index to track both markets in Shanghai and Shenzhen in April, a move likely to open a floodgate for more trading derivatives such as index futures. The new index, with 300 component companies traded on Shanghai and Shenzhen stock exchanges, will be the first of its kind on the mainland...
The May holiday means Golden Week again. It will certainly be conducive to the Chinese economy, even though most economists doubt that the consumer rosh during the holidays will prop up growth overall. Consumers, these pundits argue, will buy a lot now but later on they will delay shopping until the next Golden Week....
Aroster of top-level speakers and over 100 delegates gathered at the 2nd China Government Relations Management Summit held in Beiiing at the end of March and organized by the Research Center on Transnational Corporation (CAITEC) of the Ministry of Commerce (MOFCOM). With presentations from a number of multinational c...
The KOKUYO+Bene Office Furniture Exhibit will be held from Thursday June 9^th to Sunday June 12th at Plaza 66, The exhibit will display original-made featured KOKUYO and Bene pieces.
When Hong Kong Chinese Lisa Lin was shoppingaround for a new place to live, shetook a good look at Seasons Park, a swanky new complex, which styles itself the Home of Tycoons. Lin's main reason for looking, however, was not a craving to mingle with the Warren Buffets and Larry Rongs of Beijing, but to find a pre-scho...
Comparing Guangzhou's luxury, property market with those of Beiiing and Shanghai, Sun Ying, manager of Sales & Marketing of The Regal Harbor is quick to mention the stable growth in the Guangzhou market. ""The luxury real estate market in Guangzhou has the most potential and people hold a positive view on it,"" says ...
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