China Economic ReviewMotorola intends to invest a total of US$6.6bn in China over the next five years, Reuters reported. This would increase the company’s total investment in the country from its present level of US$3.4bn to US$10bn. Production at the company’s China units is set to double to US$10bn in 2006. The investment will cover employing workers […]
The number of mobile phone users in China increased by 5m a month during the first 10 months of 2001 to reach 136m at the end of October, according to the Ministry of Information Industry. The number of fixed-line subscribers stood at 174.6m. Business volume in the telecoms sector was 23.5 per cent higher in […]
From spring 2002, the Japanese convenience store operator Lawson will begin to use vegetables organically grown in China for nearly all its prepared meals, Nikkei said. The company said that this would not mean an increase in prices because the imported products cost one-fifth of vegetables grown non-organically in Japan. Lawson already operates several farms […]
Shanghai has unveiled an ambitious face-lift project for the eastern part of its principal shopping street, Nanjing Road, Shanghai Daily News said. The plan, drawn up by the consultancy firm McKinsey & Co, envisages splitting the street into three sections, starting at the Bund with Heritage Nanjing Road, which will target foreign tourists. The other […]
Thirteen retailers in Beijing have set up a joint venture to help them meet competition from international competitors, Financial Daily said. The move was supported by the Beijing Municipal Commerce Commission, which wants to develop one or two leading retailers in the city similar to those in Shanghai. Agreement has yet to be reached on […]