China Economic ReviewBelgian brewer Interbrew announced that it was acquiring 70 per cent of the Zhejiang based KK Brewery for US$42m. KK holds 80 per cent of the market in the city of Ningbo. This move consolidates Interbrew's position in the Yangtze delta region, following the company's purchase of an 80 per cent interest in Nanjing Brewery […]
Consumer prices in China rose at their fastest annual rate in six years in October, according to the country's National Bureau of Statistics (NBS). China's consumer price index (CPI) grew by 1.8% year-onyear in October. The Chinese CPI rose 0.8% in the first 10 months of the year, and 1.1% in September. The NBS attributed […]
The private sector now accounts for a quarter of China's gross domestic product (GDP), according to National Bureau of Statistics figures. Private enterprises have made big inroads in established sectors such as consumer goods production as well in areas that were previously government monopolies, including transport and telecommunications. The bureau also said that consumption accounted […]
According to a report by the British NGO Futures Group Europe, most Chinese condoms are well below international standards and even ones failing domestic-standard safety checks are finding their way onto the market. China has only seven domestic condom manufacturers, which produce plain unmarked foil-wrapped goods in three quality categories. These are then repackaged by […]
The Italian fashion retailer Benetton has opened its largest store in the world in Shanghai. The 3,000 sq metre outlet covers four storeys of a building on Huaihai Road and is the group's first megastore in China. Benetton joins several other European fashion companies that are targeting the China market. In September, Giorgio Armani said […]