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.
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.
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.
Industrial profits fell on September by 0.1 per cent, compared to the previous year. This represents a small recovery from the big 8.8 per cent plunge in August 2015.
China’s national quality watchdog last Friday announced the recall of almost 220,000 Kuga sports-utility vehicles citing potential fuel leakages.
An intense economic week for China. The accommodation of their productive system keeps emerging economies concerned. First of all, because China’s foreign trade fell during September 8.8% vis-á-vis same month last year. This change manifests the circumstantial domestic weakness of the world’s second-largest economy.
After much attention in the United States and Europe, German carmaker Volkswagen’s presence in China is subject to much attention due to their diesel cars adjusted emission tests.
China will grow at a 6.8% in 2015 and 6.3% in 2016, according to the forecast of the International Monetary Fund (IMF) in October. The report provides similar numbers to those reported last April, updated in July.
After years of scandals regarding decades old frozen meat, now infamous ‘gutter oil’ and perhaps the most notorious of all- the melamine milk scandal of 2008, Chinese authorities have finally tightened the vice on food safety.
When conducting business in China, intellectual property protection (IPR) is one of the essentials one needs to pay attention to. In the 1990s and early 2000s, when China was trying to boost its economy and become more important global player, IPR infringements were an important part of that stage. In one of his books, market analyst Shaun Rein describes this as the copycat stage – when the easiest way to get ahead and please the was to simply copy (or get inspired) by successful business models, technology, fashion items, etc.
