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The general manager of Nokia’s operations in China forecast that his company’s sales of mobile phones would grow by 10-15 per cent this year, roughly the same proportion as in 2001, People’s Daily said. China’s Ministry of Information Industry has forecast that that the total number of mobile subscribers would grow by 55m in 2002 […]

Eighty-four per cent of Chinese consumers prefer foreign mobile phones to local models, with Motorola, Nokia and Ericsson being their favourite makers, according to a nationwide survey conducted by the China Telecommunications Association and Eaglewings Public Relations. The survey also showed that a high proportion of mobile phone users were no longer satisfied with just […]

Hong Kong-listed China Resources Enterprises plans to open 180 supermarkets in China this year and is also considering buying the Shenzhen Vanguard Department Store retail chain from its parent, China Resources Holdings. Deputy managing director Ralph Keung said the two businesses would complement each other as Vanguard operates mega stores in China while China Resources’ […]

Metro China, a division of the German trading giant, Metro AG, claims to have lost millions of yuan each year in the mainland because purchasing agents have shied away from the chain store because of its ‘traditional way of doing business’, South China Morning Post said. Metro China public relations manager, Huang Zhongjie, estimated that […]

The latest retailer to lease space in the Super Brand Mall, a new shopping centre in Shanghai’s Pudong district, is clothing retailer Esprit Holdings, said Somkit Tantadvanichkul, president of project developer Shanghai Kinghill. Tantadvanichkul said about 85 per cent of the mall’s retail space was let, with several international designerlabel tenants having signed up. The […]