China has grown to become the world’s third largest shipbuilding nation and its major yards are improving their capabilities in building various types of vessels, including some large and more advanced ships.
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Collective shrinkage
The dramatic shrinkage of employment in China’s collective sector illustrates the country’s rapid economic transformation and the ability of its workforce to adapt to structural change without social upheaval.
Market research in China has become a Yn1.7bn-a-year business, but consolidation over the coming years now looks inevitable in this highly fragmented industry.
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Vehicle exports soar
Vehicle exports soar Vehicle exports grew 232 per cent year-onyear to reach US$239m in the first eight months of this year, according to Customs data. The two biggest categories were special- purpose vehicles (US$84m) and trucks (US$76m). China's auto parts exports over the same period were valued at US$2.74bn.
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Market briefs
Market briefs British tobacco group Gallaher said it was close to finalising a deal with the Chinese state tobacco monopoly under which one of its brands would be manufactured on the mainland in return for a Chinese brand being made by Gallaher in Russia. OK!, the British glossy celebrity magazine, has made a franchise agreement […]