A survey by ACNielsen on advertising expenditure in the first nine months of 2001 showed an overall 18 per cent increase in spending on television and newspapers and magazines. However, agencies active in the China market said that the survey did not include discounts and that if these were included, spending would be flat in […]
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Legend forced to reduce workforce
Legend, China’s leading domestic computer manufacturer, reported a profit for the second quarter of 2001 that was 25 per cent higher than in the same period of 2000, Bloomberg said. The company accounts for more than a third of all personal computers sold in China and its market share is more than twice that of […]
The electronics company Sony is to manufacture and sell personal computers in China, the first Japanese firm to do so, Associated Press reported. The company hopes to make 10,000 Vaio notebook computers a month at a factory in Wuxi, Jiangsu province. The plant will import all parts from Japan and its entire output is expected […]
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Bayer plans new complex in Shanghai
German chemical giant Bayer plans to invest US$3.1bn in a new factory complex in Shanghai, its biggest investment in a single project outside Germany, South China Morning Post reported. The contract for the project was signed during the visit to China by Germany’s Chancellor Schroeder in October 2001. The complex, which will comprise eight factories […]
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Alcoa forms strategic alliance
Alcoa Inc, the world’s leading producer of aluminium, has finalised a strategic alliance with Aluminium Corporation of China (Chalco), the largest producer of primary aluminium in China. Alcoa expects the alliance to lead to a series of joint ventures in China. The first will be a proposed 50/50 joint venture at Chalco’s facility in Pingguo, […]