China Economic ReviewSony Corporation plans to open a research and development division in the audiovisual equipment sector in Shanghai early this year. The unit, which will report to the Japanese group’s holding company in Beijing, is designed to bring goods quickly to the Chinese market. It will also develop Chineselanguage software for digital camcorders and digital televisions […]
Just days after tickets had become available, about 4,000 Chinese football fans signed up to watch the national team play in this summer’s World Cup finals in Japan and South Korea. Two companies, a mainland subsidiary of the red chip China Travel International Investment and China International Sport Tours, have won the rights to sell […]
Shandong Airlines has established a Yn50m joint venture to offer charter services to Fortune 500 and some Chinese companies, said Reuters. Rainbow Jet Co, which is majority owned by Shandong Airlines, has ordered four Challenger business jets from Bombardier of Canada. The two other partners are the Shanghai-listed Yantai Xinchao Industry Co and a Canadian […]
The number of airlines flying between Beijing, Shanghai and Guangzhou is to be reduced to combat fierce competition on these routes, reported China Daily. Smaller regional airlines without headquarters in these three cities will be barred from operating services from this summer. Stopovers in Beijing, Shanghai and Guangzhou will be banned from next winter, said […]
Beijing International Airport is already approaching full capacity a little over two years after its construction was completed. Last year passenger volume reached 24m, while capacity by 2005 is set to reach only 27m, said China Youth Daily. Heightened security measures at the airport are adding to the capacity problems. The newspaper said that on […]