China Economic ReviewThe US-based retail giant Wal-Mart has opened its first outlet in Beijing, Beijing Youth Daily said. The store is a Sam’s Club in the western suburb of Shijingshan. A company official said that Wal-Mart intends to open another Sam’s Club and three supercentres in Beijing over the next few years at a total cost of […]
The French hypermarket chain Carrefour has signed an agreement with the State Economic and Trade Commission that will allow it to resume supermarket openings after a suspension of six months, the Financial Times said. The suspension followed a demand from the central government to reorganise its holdings because Carrefour’s 27 stores in China had been […]
China Ocean Shipping Co (Cosco) has confirmed that it is withdrawing from direct services between north Europe and the Indian sub-continent as a vessel-provider. The decision was taken a little under a year after it entered into a vessel-sharing agreement with K Line, Evergreen and MISC. A manager at the company said the trade was […]
The ports division of Hutchison Whampoa of Hong Kong has signed an agreement with Shenzhen municipal government and Yantian Port Group to develop a third phase of Yantian port, the Financial Times said. The third phase of development, which should be completed in 2006, will increase Yantian’s capacity from 2m teu in 2000 to 5m […]
From January 2002, German line Senator will take slots on two Cosco services, both serving the trans-Pacific trade. On one slot, Senator will be able to serve Xiamen, Ningbo, Shanghai, Kobe, Nagoya, Long Beach, Oakland, Yokohama and Xiamen. On the other, Senator will serve Xingang, Dalian, Qingdao, Pusan, Vancouver, Long Beach, Tokyo and Xingang. In […]