ALIBABA GROUP BIDDING FOR HONG KONG MEDIA OUTLETS
It is no secret that China is very meticulous with the image it projects abroad. This has been the main argument beneath the difficult relationship between the government and foreign journalists.
THE FIGHT AGAINST CYBER SECURITY AS A THREAT TO FOREIGN IT FIRMS
Just as anywhere in the world, also in China, companies are facing the threat of cyber attacks. Companies are increasingly suffering breaches of data, which may often lead to the leakage of customer information, outage of service, and perhaps even the possibility of litigation.
ALARMING NUMBER OF PEOPLE IN CHINA DON’T KNOW WHAT THEY DRINK
China’s water resources are increasingly under threat as the country’s economic growth outpaces supply of fresh water. The country’s unprecedented growth has resulted in serious water pollution.
APPLE TO IMPLEMENT MOBILE PAYMENT SERVICE IN CHINA
Apple Inc. will kick-off its Apple Pay electronic payment system in China. The launch will take place in early February, and will work with the country’s big four state-run banks (Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and Bank of China).
CHINA’S PHARMA HOLDINGS INC SHOWCASES COSTS OF LAX QUALITY CONTROL
China Pharma Holdings Inc. has suffered a third quarter blowout as a result of new GMP standards for quality control. The company is listed on the NYSE with a fully integrated specialty subsidiary operating in China.
HEATING SEASON START IN NE CHINA BRINGS POLLUTION LEVELS TO ALL TIME HIGH
Last weekend, many cities in the northeast corner of China (also known as Dongbei, or provinces Liaoning, Jilin and Heilongjiang) found themselves imprisoned in impenetrable haze. Such days when it is not possible to see the sun, exercise or just open your windows are nothing unusual for residents in any of first-, second-, and third-tier cities in China. However, what people woke up to in the city of Shenyang exceeded even the most pessimist forecasts.
CHINESE BUYERS NOT FILLING TRADE GAP: SLOWDOWN MIGHT BE HARDER THAN EXPECTED.
Very relevant numbers on China’s economic adjustment have been widely shared this week. Imports by China fell 18.8% compared to October last year. This meant a 1.6% improvement over last September’s drop. In export, the volume decreased 6.9% in the fourth consecutive month.
AFTER SCANDALS, YUM BRANDS IS TO SPLIT ITS CHINA BUSINESS
For a long time, KFC and Pizza Hut (owned by Yum Brands Inc.) have been amongst the most successful foreign businesses in China. This Kentucky based group entered China in the late 1980s through their KFC brand. Back in the 1987, it was one of the first foreign fast-food chains to set up operations in the PRC.
MERKEL’S VISIT TOUTS INDUSTRIAL STRENGTHS AS AIRBUS LANDS MASSIVE DEAL
In the wake of buttressing Sino-British ties, European countries have begun to jostle to attract China’s cheque book. It comes as no surprise that Germany has arrived first in best-dressed, already well-established as China’s largest European trading partner. French President Francois Hollande is scheduled to visit next week, signaling a pecking order of state relations.
LEGO’S SUCCESSFUL BET ON CHINA
In 2013, popular Danish toymaker Lego decided to build its first production facility in Asia (namely in the city of Jiaxing, located 100 km from Shanghai) with the prospect of tapping into the market of growing economies with promising middle class to level the stagnating sales from aging middle class in Europe and North America.