China Economic ReviewBritish home improvement retailer B&Q plans to invest US$77m to increase the number of its stores in China to 60 by 2007, Dow Jones reported. The company would double its store count to 16 in 2003. Most of the 60 stores would be in coastal cities, but the company is also considering opening stores in […]
American fried chicken giant KFC opened China's first drive-through restaurant in September. Built at a cost of nearly US$1.2m, the new outlet is situated in an affluent northern suburb of Beijing, between a supermarket and an electrical goods store. The company said it had plans to open drive-throughs in three other Chinese cities.
Opposition from employees and agricultural experts has stopped Swiss-based food and beverage producer Nestle acquiring control of Diequan Milk in Yunnan province, Business Weekly said. Under a deal brokered by local officials last April, Nestle would have paid Yn40m for 80 per cent of the firm, which is currently owned by the local county government. […]
Japanese automotive parts manufacturers continue to transfer production to the mainland. Calsonic Kansei Corporation has received permission to build a factory in a bonded area in Wuxi for the manufacture of motor actuators for automotive air conditioners. The plant, which is expected to start operations in October 2003, will have an initial output of 3.5m […]
The failure by Brilliance China Automotive to pay a second instalment of Yn600,000 to joint venture partner Manganese Bronze, a London-based motor manufacturer, had delayed the introduction of the London black cab to the streets of China, the Financial Times said. Manganese's chief executive, Ian Pickering, said that Brilliance still remained its preferred partner in […]