China Economic Review
Plenty of developed countries allege that China exports products to their shores at below the cost of production – a practice known as “dumping” that is designed to drive rivals out of the market. Less common, however, is for developed countries to dump their products on China. Yet many industry insiders claim that Australia […]
Can China’s logistics firms keep up with retailers?
Haier (600690.SH) will buy Panasonic Corp’s (PC.NYSE) Sanyo Electric washing machine and refrigerator businesses in Japan and Southeast Asia for about US$130 million, as the Chinese firm seeks to expand into Japan’s white goods market, Reuters reported. Panasonic said the sale fits in with its strategy to restructure its businesses that overlapped with those of […]
China’s demand for physical gold may surpass that of India by the end of the year, as more Chinese consumers seek out an inflation hedge, Reuters reported, citing Chuck Jeannes, CEO of Goldcorp (GG.NYSE, G.TSX). Buyers around the world have been snapping up gold on concerns of financial turmoil in the US and other developed markets. […]
Sun Art Retail Group (6808.HK), a mainland hypermarket operator, saw its share price jump 47% following its initial public offering on the Hong Kong Stock Exchange on Wednesday, the Wall Street Journal reported. The company, a joint venture between Taiwan conglomerate Ruentex Group (2915.TW) and Groupe Auchan of France, is reckoned to have raised about […]