Business

SAIC Files a Case against Tetra Pak China Suspected of Abuse of Dominant Market Position

Jan L   | Jul 06, 2013 07:32 AM EDT

Jinghua Times - Yesterday, the State Administration for Industry and Commerce (SAIC) director Zhang Mao announced in the meetings of the heads of SAIC, SAIC had filed a case against Sweden-based Tetra Pak suspected of abuse of dominant market position, and was currently organizing 20 provinces, cities and industrial and commercial authorities launching related investigation. read more

Stanley Ho’s son will operate casino in Vladivostok to attract Chinese northerners

Angie Zhao   | Jul 06, 2013 07:32 AM EDT

Lawrence Ho, a Macau Casino Mogul, is going to open a casino in the outskirts of Vladivostok in Russia. The casino is scheduled to open in the second half of next year. read more

Comments: Foreign Infant Formulas encounter "anti-monopoly", Domestic company should strive for self-improvement

Camille Wu   | Jul 05, 2013 11:20 AM EDT

On July 2nd, National Development and Reform Commission (NDRC) held the meeting on the price of Infant Formulas marketing to find the solution for the sanction of five infant formulas; some enterprises were invited to join. According to the information from insider, this time National Development and Reform Commission (NDRC) started the anti-monopoly for five infant formulas brands and import formulas, because of their frequently increasing price and unrealistically high price. read more

China’s Oil Price May Be Reduced to 100 yuan a Ton

Lynn Wong   | Jul 05, 2013 11:46 AM EDT

China’s domestic market predicted that its oil price may be reduced at a minor scale to around 100 yuan a ton. Notably, Chinese oil price has decreased for the third time after the operation of new price fixation regulation of refined oil products. read more

Liu chuanzhi’s opinion on entrepreneuring environment in China : indeed unfair, we need to escape, but not to provoke

Lynn Wong   | Jul 04, 2013 08:41 PM EDT

From starting Lenovo Group in 1984 to his retiring in 2011, Liu Chuanzhi himself and his enterprise have created to many world No.1s. Today, we use the computers with the brand of Lenovo IBM, use the mobile phones with Lenovo logos, and live in buildings Lenovo Group invested, we are actually “purchased” by Liu Chuanzhi, who is honorably named as the “god-father of entrepreneurs”, without any consciousness. read more

Dell is considering a move into wearable computing device market

Angie Zhao   | Jul 04, 2013 07:19 PM EDT

July 4th, Sam Burd, Dell's global vice president of personal computing told the journalist when being interviewed on Wednesday that Dell was considering to head toward the wearable computing device market. read more

World’s Ten Most Expensive Cities For Real Estate, include 7 Chinese Cities

Angie Zhao   | Jul 04, 2013 07:16 PM EDT

Chinese seven large cities include in the most expensive real estate in the world. The ranks of Chinese housing price are even in front of Tokyo, London and New York. read more

Foxconn no longer manufacture iPad for Apple Inc. Who will take over new iPad?

Angie Zhao   | Jul 03, 2013 11:15 PM EDT

Foxconn no longer manufacture iPad read more

Chinese people's favorite luxury car brand: No. 1 Audi, No. 2 BMW

Angie Zhao   | Jul 03, 2013 05:23 PM EDT

It's worthy to become a Chinese people's favorite car brand, especially as a luxury car brand in China's market. read more

Macao residents will be paid thousands of Macanese Patacas in cash

Angie Zhao   | Jul 03, 2013 03:17 PM EDT

According to Xinhua net on July 2nd, 2013 Macao Special Administrative Region Cash Sharing Plan implements officially on July 2nd. From that day on, each Macao permanent residents will be given 8,000-yuan Macau Patacas (MOP) in cash; non-permanent residents will be given 4,800-yuan MOP until September 13th. The expenditures for the Cash Sharing Plan will be more than 4.8 billion MOP in Macau government. read more

Hongqi sedan is like a panda grew up in man-made environment

Staff Reporter   | Jun 28, 2013 03:30 PM EDT

As an oldest brand in China's automobile history, in the past 55 years, Hongqi sedan was born due to government procurement, but it suffered defeats repeatedly in the competitive market. Today, can it survive again with the help of government procurement? read more

PetroChina and Industrial & commercial bank drop out of World’s top 10 companies

Staff Reporter   | Jun 27, 2013 06:09 PM EDT

June 27th, because of cash crunch, slower growth and the U.S. biggest stock rally in a decade, Chinese companies dropped out of the ranks of the world's 10 biggest stocks by market value for the first time since 2006. read more

Travelling to Bali is More Expensive Than Living Japan

Chinatopixstaffwriter   | Jun 27, 2013 02:08 PM EDT

The rising gasoline price in Indonesia leads the climbing commodity price of the country. Bali is influenced by this change, leaving a %50 higher in transportation fee, %15 higher in hotel fee, and also in vegetables and food. It is expected that the raising price of these essentials would have negative impact on the travel business. The Government of Indonesia has canceled the oil allowance which was implemented since 1945. After that, the gasoline price goes up by %44, the diesel price growths up by %22. People are all complaining the change. read more

Chinese Tourists Revive Outlet in the United States with intimidating purchasing power

Staff Reporter   | Jun 26, 2013 04:20 PM EDT

Chinanews.com reports on June 26th According to the report from "World Journal" in U.S., with the summer vacation begins, tourists from Chinese mainland flood into Southern California, U.S. and do crazy shopping, just like that in Christmas shopping season. Outlet near the Chinese district comes back to life from many quiet years. read more

Fab aim to be a ten billion valuation company after its missteps

Staff Reporter   | Jun 26, 2013 03:37 PM EDT

Fab Inc. is the world's fastest growing e-commerce site that focused on everyday design across all price points and all verticals. According to the Bloomberg Business, the company "valued at more than $1 billion dollars after just two years in existence, is suffering growing pains from its rapid expansion as it applies a culture of meticulous control to a global business." read more

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