China Economic ReviewToyota Motor Corp of Japan is to provide technological support to First Automobile Works (FAW) of Changchun, Jilin province, for the next generation of the Red Flag luxury sedan, reported Asahi Shimbun. According to the newspaper, FAW would use the main parts of Toyota's new Crown luxury model in the new Red Flag to be […]
China's first regulations governing commercial franchises are nearly ready and will be promulgated within five months, China Daily quoted the chairman of the China Chain Store and Franchise Association as saying. The draft is being prepared by the State Economic and Trade Commission and will shortly be submitted for review by the State Council. The […]
Shanghai Ganghong Industrial Co plans to build Asia's biggest shopping centre in Shanghai, Shanghai Daily said. The centre, to be built in the Hongqiao Development Zone, would have a floor space of 330,000 sq metres and parking space for up to 3,500 cars. A hotel and office building would be added in the second phase […]
China Resources plans spending spree would have 50 hypermarket stores, 190 superstores, 180 discount stores and more than 800 supermarkets. Expansion will be focused on the Pearl River delta, the Yangtze delta, Beijing and Tianjin.
French hypermarket chain Carrefour has signed an agreement with Guangzhou General Merchandise Group to start a joint venture in Guangzhou, Xinhua reported. The venture will be 65 per cent owned by Carrefour, with 25 per cent being held by the mainland partner and 10 per cent by a Taiwan- based firm. This will be the […]