China Economic ReviewThe International Iron and Steel Institute forecast that China would account for 215m tonnes out of the world's total consumption of 841m tonnes in 2003. The institute said that China's demand for steel appeared to be accelerating, in contrast to the sluggish growth elsewhere in the world. The mainland's consumption was predicted to increase by […]
Shanghai Gold Exchange was due to formally open for business at the end of October, People's Daily said. Membership of the exchange is limited to financial institutions approved by the central bank to trade gold and companies that deal in gold production or wholesaling. The exchange currently has 108 members.
Fast Retailing of Japan has opened its first two Uniqlo discount clothing stores in Shanghai, AFX-Asia agency reported. The company said that it had high hopes for the Chinese market and that it would focus on the Shanghai area, which is within three hours drive of the company's Chinese factories that produce 90 per cent […]
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 […]
Sales of Chinese-made vehicles during the first three-quarters of 2002 exceeded the total for the whole of last year, according to the China Association of Automobile Manufacturers. The number of vehicles sold over the nine-month period reached 2.38m units, an increase of 34 per cent year-on-year. Passenger cars and heavy-duty trucks experienced particularly fast growth. […]