China Economic ReviewStarbucks Corp will increase its equity in the joint venture Coffee Concepts Ltd from 5% to 51%, Reuters reported. As part of the deal, Starbucks' partner, Maxim's Caterers Ltd's Mei-Xin, will get 30% interest in a joint venture to operate stores in Chengdu. Starbucks expects to close negotiations within the next 30 days.
About 30 Israelis in need of life-saving transplant donors head to China every month for cheap transplant operations using organs retrieved from executed Chinese prisoners, Agence France Presse reported, citing the Maariv newspaper. The paper quoted one Israeli official as saying that the operations costs 30% less than in Colombia and the transplanted organs are […]
A 17 year-old state project to supply water to hundreds of thousands of people in Northwest China remains unfinished due to lack of funding, state media reported. Beijing has invested at least US$115m in the project, but the poverty-stricken provinces which are to share some of the operating costs can't pony up the funds. More […]
Amid reports that the Australian government has rejected the political asylum request by Chen Yonglin, a Sydney-based Chinese diplomat, another Chinese would-be defector is now seeking asylum there, according to media reports. The Chinese man, Hao Fengjun, a 32 year-old police officer, said he has confidential information on alleged Chinese spy networks in Australia. The […]
The European Union Commission said yesterday shipments of Chinese shoes into Europe jumped nearly eightfold from a year ago during the first four months of this year, a finding that supports recent complaints by European shoemakers, the Wall Street Journal reported. Cheap Chinese slippers, leather shoes and cloth shoes have entered the EU since quotas […]