China PMIs highlight economic momentum slowing down
Source: Reuters
Beijing :: China | updated 2013-06-02 23:59:18 -0700 | business-news
Analysis & Opinion Employees work inside a factory which makes bearing cages in Liaocheng, Shandong province May 24, 2013. China's factory activity shrank for the first time in seven months in May as both domestic and external demand softened, while...
Luxury restaurants adapt to hard times
Source: Chinadaily
Beijing :: China | updated 2013-06-02 19:26:24 -0700 | business-news
To cope with the slowest growth seen in the catering industry in a decade, the restaurant now offers a 20 percent discount to customers who eat on the premises, according to Xing Ying, general manager of China Quanjude Group. Their...
Great Wall Motors defies industry slowdown: report
Source: Chinadaily
Beijing :: China | updated 2013-06-02 19:20:41 -0700 | business-news
Great Wall Motors, China's largest sport utility vehicle (SUV) producer, has defied the industry slowdown since early last year, according to a report from Chinese business publication Caixin. The company sold 620,000 vehicles in 2012, up 28 percent year on...
Behind the Chinese Bid for Smithfield Foods
Source: International Herald Tribune
Beijing :: China | updated 2013-06-02 18:54:16 -0700 | business-news
June 2, 2013 When a Chinese company bid $4.7 billion last week to take over Smithfield Foods , America's biggest pork producer, the deal was announced by the company's Chinese executives. Associated Press Wan Long is the chairman of Shuanghui...
Made in China sedan to compete with Audi
Source: The Economic Times
Beijing :: China | updated 2013-06-02 17:33:25 -0700 | business-news
Diplomats and the Chinese elite now have a flashier option: Chairman Mao Zedong's sedan...Diplomats and the Chinese elite now have a flashier option: Chairman Mao Zedong's sedan. The automaker China FAW Group has begun selling modern versions of the venerable...
Adaptec by PMC Presents and Exhibits at China Cloud Computing Conference 2013
Source: The Motley Fool
Beijing :: China | updated 2013-06-02 06:10:08 -0700 | business-news
Room 306, China National Convention Center, Beijing, China About China Cloud Computing Conference The 5th China Cloud Computing Conference, June 5-7, 2013, will look into global cloud computing trends, analyze cloud computing and big data, cloud computing and mobile networks,...
China's manufacturing index shows slight growth
Source: United Press International
Beijing :: China | updated 2013-06-01 09:24:39 -0700 | business-news
A closely watched barometer of manufacturing activity in China rose slightly in May, showing the goods-producing sector is still growing, albeit slowly. The Purchasing Managers Index or PMI for manufacturing came to 50.8 in May, up from 50.6 in April....
China punishes two brokerages in IPO fraud crackdown
Source: Turks and Caicos Free Press
Beijing :: China | updated 2013-05-31 21:10:13 -0700 | business-news
China 's securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing's determination to bring credibility to a stock market some have likened to a casino. The China Securities Regulatory Commission will...
Li calls for action on baby milk
Source: Chinadaily
Beijing :: China | updated 2013-05-31 20:49:05 -0700 | business-news
Strict measures should be used to ensure the safety of baby milk, and all baby milk formula products should be retraceable through methods such as electronic coding, Li said. The premier was speaking at an executive meeting of the State...
Tian Guoli takes the helm of Bank of China
Source: Chinadaily
Beijing :: China | updated 2013-05-31 20:48:47 -0700 | business-news
Bank of China (BOC), the country's fourth largest lender by asset value, announced that Tian Guoli has taken office as its chairman starting on Friday. Group, joined BOC as its Party secretary in April after former BOC Party secretary and...
China's manufacturing expands in May
Source: Ledger-Enquirer
Beijing :: China | updated 2013-05-31 23:24:21 -0700 | business-news
China's manufacturing activities slightly expanded in May, a sign that its economic recovery remains slow but stable. China Federation of Logistics and Purchasing and the National Bureau of Statistic on Saturday released the latest Purchasing Managers' Index, which stood at...
Jingdong Launches "Night Delivery" and "Three-Hour Delivery" Options
Source: PR Newswire
Beijing :: China | updated 2013-05-31 04:20:31 -0700 | business-news
Beginning May 31 , Jingdong customers can now receive orders placed before 3PM the same evening between 7PM and 10PM through the Company's self-operated delivery network. The new service expands on the same-day delivery option in Jingdong's 211 program, which...
Chinese currency reached 6.1796 yuan against the US dollar
Posted by: rsa76
Beijing :: China | updated 2013-05-31 02:42:27 -0700 | business-news
The Chinese currency Renminbi, or yuan, rose 24 basis points on Friday to settle at 6.1796 yuan per dollar, according to the System of China Foreign Exchange Trading. In the spot market, the yuan is allowed to fluctuate within a...
Digital era turns a new chapter in storytelling
Source: Chinadaily
Beijing :: China | updated 2013-05-31 01:46:46 -0700 | business-news
In the digital era, it is interactive and is more than just books. That is the message organizers of the Frankfurt Book Fair and the German Book Information Center Beijing want to deliver at this year's StoryDrive China Conference, held...
China's entrepreneurs expand global presence
Source: The Orange County Register
Beijing :: China | updated 2013-05-31 00:01:46 -0700 | business-news
The force behind China's biggest takeover of an American company is a 71-year-old meat-packing entrepreneur dubbed "China's Chief Butcher" by the press who built an empire on his country's voracious appetite for pork. The $4.7 billion bid for Smithfield Foods...
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