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June 12 – Shanghai GM, General Motor Co's (NYSE: GM) Chinese partner, has seen its six millionth vehicle roll off the assembly line. It was only nine months ago that Shanghai GM's five millionth vehicle was rolled out. Shanghai GM aims to produce two million vehicles annually by the end of this year and sell two million vehicles annually by the end of 2015.
http://www.yicai.com/news/2012/06/1805881.html
June 11 – Yum Brands Inc (NYSE: YUM) will open 600 restaurants across China this year, chairman David Novak said at a corporate governance forum at Fudan University in Shanghai. The fast food giant currently operates over 5,000 restaurants in the country, most of them KFC and Pizza Hut eateries.
http://finance.qq.com/a/20120611/004157.htm
June 11 – Volkswagen AG said its annual capacity in China will reach four million vehicles by 2018, up from 2.2 million in 2011, which was up 15% from a year earlier. 2.2 million represented a quarter of the German automaker's global production.
http://cn.reuters.com/article/chinaNews/idCNCNE85A00K20120611
June 8 – Rentrak Corp (Nasdaq: RENT), a company which measures viewing and spending on TV and movies, will begin measuring TV audiences in China to provide accurate data about the burgeoning Chinese entertainment market, the Wall Street Journal reported. Rentrak will team up with Sinomonitor, a local market research firm, to found a joint venture.
http://online.wsj.com/article/SB10001424052702303296604577452821736436842.html
June 7 – Dow Chemical Co (NYSE: DOW) said its revenue from the Greater China region is expected to range between $7 billion and $8 billion by 2015, up from $4.5 billion last year.
http://www.yicai.com/news/2012/06/1795807.html
June 7 – Apple Inc (Nasdaq: APPL) has been given approval to open flagship stores in Shenzhen, Guangdong province and Chengdu, Sichuan province this year, Chinese officials say. The smartphone maker currently operates five flagship stores in mainland China, three in Shanghai and two in Beijing.
http://cn.reuters.com/article/chinaNews/idCNCNE85507X20120606
June 7 – Starbucks Corp (Nasdaq: SBUX) said it plans to open its first café in Nanchang, Jiangxi's provincial capital, in June and open another seven in the city by the end of this year. Each location is estimated to cost ¥5 million.
http://www.linkshop.com.cn/web/archives/2012/212118.shtml
June 7 – GHAC, Honda Motor Co's (NYSE: HMC) Chinese joint venture, said it sold 138,988 vehicles in China in the first five months of 2012, up 6% from the same period a year earlier.
$1 = ¥6.33
@2011 China Economy @ The China Perspective.
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