China moved from the world’s 10th largest advertiser in 2000 to third largest behind the US and Japan by the end of 2001, according to Nielsen Media Research. The monitoring agency estimated that advertising spending in China grew by 15 per cent in 2001 to exceed US$11bn. By contrast, spending in developed markets such as […]
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New taxi firm to hit Beijing streets
Five transport companies in Beijing have agreed to set up a joint venture that will become the biggest taxi company in the city, Beijing Morning Post said. The five include Kowloon Bus of Hong Kong and North China Bus, and the venture will be called North China Bus-Kowloon. It will remodel North China Bus’s existing […]
Brazilian plane maker Embraer plans to build a factory in China, the company president confirmed in a newspaper interview reported by Associated Press. Reports from Brazil said that the world’s fourth largest commercial aircraft manufacturer would create a joint venture with the Aviation Industry of China in which Embraer would take a 51 per cent […]
An ambitious plan to build a huge new container port on the Yangtze delta will need an extra US$150m to initiate the physical construction process, said sources in Shanghai. The extra finance will be needed to relocate the population of a fishing village around the new terminal area. A US$1.7bn terminal construction programme will initially […]
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Hatsu in push for direct links
Hatsu Marine, set up in the UK in January by Taiwan’s giant shipping line Evergreen, has expanded its service coverage to seven shipping links between Asia and the US. From June, the US Federal Maritime Commission has granted Hatsu coverage of seven routes, three of which will involve direct trade between China and the US […]