China Economic ReviewThe Hong Kong affiliate of Japan’s Itochu Corporation has signed a deal with Euro- Asia Agricultural (Holdings) for the supply of cut flowers for the Japanese market, JCN Newswire reported. The flowers will come from Liaoning, Jilin and Hebei provinces where Euro-Asia has a total of 60 hectares of glasshouses growing flowers and vegetables, with […]
Already the world’s biggest production base for sporting footwear and apparel, China presents a vast opportunity in sporting goods and brand exploitation, according to a report published by SportBusiness Group. China is becoming a battleground for both foreign and domestic sporting goods, properties and brands. Chinese athletic footwear manufacturers accounted for a remarkable 76.4 per […]
Despite growing dominance by Chinese companies in many product categories, Western brands still have an advantage, says Tom Doctoroff. Few experts question the inevitability of China’s emergence as a major economic power. Over recent years, the mainland has crawled up the value chain in many industries, powered by the combination of sheer scale, cheap labour […]
Hong Kong-listed China Resources Enterprise has signed a deal to buy 65 per cent of Guangdong’s largest hypermarket chain from its parent China Resources National Corp, South China Morning Post said. Vanguard Super Department currently operates nine hypermarkets in the Pearl River Delta region and has plans to open 10 more this year in southern […]
China’s retail sales in April grew by 8.2 per cent from a year earlier to reach Yn305bn, according to the National Bureau of Statistics, down from 8.3 per cent in March. Urban sales grew by 9.4 per cent year-on-year to stand at Yn192bn, while retail sales at the county level and below were up […]