China Economic ReviewSPAR, the world's largest food retailer, announced plans to enter the Chinese market following the conclusion of a joint-venture agreement with Shandong retailer Jia Jia Yue Supermarket Co Ltd. The Amsterdam-based company said the JV plans initially to open 15 new hypermarkets across Shandong over the next three years. SPAR International has nearly 16,000 supermarkets […]
China's money supply growth slowed slightly in October, officials at the People's Bank of China said. M2, the broadest measure of money supply, grew 13.5% year-on-year at the end of October, down from 13.9% at the end of September. At the same time producer prices climbed more rapidly in October than September. The National Bureau […]
PetroChina, China's largest oil and gas producer, signed a US$716m agreement to build a liquefied natural gas (LNG) import terminal in the Guangxi autonomous region. The deal marks PetroChina's first step into LNG import and distribution, challenging the dominance of rival China National Offshore Oil. The company said it had also signed preliminary agreements of […]
An explosion at a coalmine in Henan province left at least 29 people injured, state media reported. The explosion, thought to have been caused by a build up of gas, occurred at the Xinsheng Coal Mine near the town of Liangwa. The blast came less than a month after China's worst mining accident in years, […]
Alcatel Shanghai Bell (ASB) has agreed to invest US$32.4m in a strategic partnership with Datang Mobile aimed at developing China's homegrown 3G mobile standard, TD-SCDMA. The announcement comes in the same week that government trials concluded that TD-SCDMA lagged well behind competing foreign 3G technologies in terms of market readiness. ASB and Datang Mobile said […]