China Economic ReviewThe Ireland-based electrical equipment manufacturer Glen Dimplex plans to set up a unit making electrical night storage heaters in China, the Financial Times said. The company envisages producing around 500,000 heaters a year from a factory in Shenyang, Liaoning province, with some of the output going to other Asian countries. Recent decisions to ban the […]
Suntory is heavily promoting its oolong tea drink by establishing ties with supermarkets and outlets near popular tourist sites. It aims to sell 4.1m cases in 2002, a year-onyear increase of 10 per cent. Panda ordered to carry out merger Panda Electronics Group of Nanjing is near to completing a merger with eight other companies […]
Drinks makers from Japan are strengthening their operations in China, according to a report in Nihon Keizai Shimbun. Using its beer sales network, Asahi Breweries hopes to sell 4.2m cases of tea drinks this year. Kirin Beverage Corp has increased the capacity of its plastic bottling factory in Shanghai and expanded its warehousing facilities. The […]
Annual sales of jewellery now total Yn100bn and are expected to continue grow by 8-10 per cent annually, said Liu Shengyu, general manager of China Jewellery Import and Export Company. China’s total gold consumption now exceeds 250 tonnes a year, and in 2001 consumption of platinum reached 42 tonnes, accounting for 60 per cent of […]
Carrefour will transform two of its wholly owned stores in Liaoning province into joint ventures, one of its new partners was reported by Reuters as saying. The French retailer was planning to sell 35 per cent of its stores in Shenyang and Dalian to two Chinese companies in order to comply with government rules that […]