China Economic ReviewNews Corporation officially signed an agreement in mid-December to launch a 24- hour Chinese-language entertainment channel in Guangdong province. The service will be launched early this year and will be delivered to homes in and around the cities of Guangzhou and Zhaoqing. Star TV, News Corp’s Asian satellite television arm, intends to derive revenues from […]
The Scandinavian company Metso Minerals is investing in two new manufacturing units in China to serve its customers in the fastgrowing transportation infrastructure sector. One unit, based in the Tianjin Economic and Technological Development Area, will manufacture Nordberg crushing and screening equipment. The other, located in Wuqing, between Beijing and Tianjin, will make compaction and […]
Beijing From the start of this year, Beijing’s municipal commission of commerce has forbidden the construction of big department stores within the second ring road and is strictly controlling the construction of supermarkets larger than 10,000 sq metres. In future most major commercial projects will be built outside the fourth ring road because of market […]
Aeon Co, formerly known as Jusco, plans to open three large supermarkets in Guangdong this summer as part of the Japanese company’s plan to open 50 stores in the province over the next five years. It also hopes to have 10 outlets in Shandong province by 2006, the other mainland province where Aeon has an […]
Pacific service The Cosco, K Line, Yangming ‘alliance’ is to launch a new pendulum service (AUM) in April by combining their existing service between Asia and the US east coast, and the trans-Atlantic service between the US east coast and the Mediterranean. Cosco has also disclosed it is dropping its shuttle service linking Genoa and […]