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| Saturday, August 30, 2008 06:15:38 |
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June 19,2007
Air Canada will double the frequency of its daily flights from Beijing to Vancouver and increase its flights from Shanghai to Toronto in July, the Shanghai Business Journal reported. “These added flights represent an increased capacity of nearly 50% for the growing Chinese market,” said Daniel Shurz, Air Canada’s vice president of Network Planning.
April 30,2007
For the second time this month, and the seventh in less than a year, mainland banks have been ordered to increase reserves by 50 basis points, to a ratio of 11%. Effective beginning May 15, this is just the latest move by the central bank to cool China’s red-hot economy.
April 23,2007
Dabao Cosmetics was the Chinese cosmetics brand thought most likely to be able to withstand the tide of foreign brands targeting mainland consumers. Now it has been bought by industry giant Johnson & Johnson, China Economics Weekly reports that fierce competition, slow corporate growth and aging management could leave the domestic cosmetics industry ripe for the picking.
April 18,2007
Dan Harris of The China Law Blog throws in his legal two cents on the clash of the beverage makers, shedding some light on the situation from a lawyer’s perspective.
April 04,2007
Anheuser-Busch Cos. Inc.said on Tuesday it will build a brewery in Foshan, China, to help reach its goal of doubling the distribution of its Budweiser beer in China over the next five years, Reuters reported. March 28,2007
Growth in software industry sales revenues have outpaced growth in the number of software enterprises for the first time since 2003, signaling an easing of competitive pressures in the sector amid a wave of merger and acquisition activity.
March 27,2007
Asia Development Bank lifted its 2007 forecast for China to 10% from 9.5% estimated six months ago, Bloomberg reported.
March 23,2007
Media reports say that the Aviation Industries Corporation of China I (AVIC I) will utilize existing listed subsidiaries as asset restructuring platforms, and employ initial public offerings (IPOs) to reorganize corporate assets.
March 20,2007
Flag carrier Air China Ltd. said on Tuesday it would set aside over US$2 billion in 2007, mainly to buy Boeing and Airbus jets, as executives said they hoped Beijing would inject cash into an ailing aviation sector, Reuters reported. March 16,2007
Anheuser-Busch Cos. Inc. , the largest U.S. brewer, said it plans to double the amount of Chinese cities where it sells its Budweiser beer over the next five years from 100 now, citing "huge" growth potential in the country, Reuters reports.
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