China Economic ReviewAmerican fitness-centre operator Bally has set up a joint venture with China Sports Industry Co to set up health clubs in China. The first Bally-branded club opened in central Beijing in May and the venture will develop additional clubs in Beijing, Shanghai and other coastal cities. According to Bally, the awarding of the 2008 Olympics […]
An increasing number of Japanese electronics companies are licensing technology for their products in China, reported Nihon Keizai Shimbun. The newspaper said that the move was a way to avoid price wars with local firms by nurturing them as contractors to manufacture products under Japanese firms’ brand names. Next year, Hitachi plans to provide a […]
Korean electronics group LG opened a second microwave oven factory in Tianjin in May, Shanghai Daily said. Total investment in the 10m-units-a-year capacity plant is US$230m. LG claims to hold 34 per cent of China’s microwave oven market. LG also plans to invest an additional US$300m in the period up to 2005 to build air […]
Competitive bidding for part of Guangdong province’s power supply could be introduced in the second half of this year, according to a report in South China Morning Post. A plan for power pooling has been drawn up and is now awaiting approval from the provincial authority. If the move goes ahead, it is likely to […]
China’s largest natural gas field has been discovered in Inner Mongolia autonomous region, reported China Daily. The Ih Ju Meng league field is 602.5bn cubic metres in size and should produce an average 6.5bn cubic metres annually in the next five years, said the Ministry of Science and Technology. "The field will greatly back up […]