Business

Younger Americans are dropping the credit cards habit

Staff Reporter   | Jun 18, 2013 01:58 PM EDT

According to new research, the number of young Americans who are living with credit cards has decreased since the recession. read more

Mengniu Bought Yashili With Over HK$ 11 Billion The Largest Acquisition in China’s Dairy History

Staff Reporter   | Jun 18, 2013 01:52 PM EDT

On June 18, when the stock market closed, Mengniu Dairy issued an announcement that it had bought all the shares of Yashili Dairy, and the price per share is about HK$ 3.50. This deal may possibly involve over HK$ 11billion as the largest acquisition in China’s dairy history, it also marked an significant signal Mengniu sounded that it would take big moves in China’s milk powder stage. read more

China’s Foreign Affairs Minister starts taking domestic cars

Staff Reporter   | Jun 18, 2013 09:21 AM EDT

According to Ministry of Foreign Affairs of PRC, Minister of Foreign Affairs Wang Yi will take a Hongqi sedan produced by First Automobile Workshop (FAW) as his official vehicle in the future. The model of the vehicle is Hongqi H7 sedan. read more

China will face 24 million talent supply gap by 2020

Staff Reporter   | Jun 17, 2013 07:59 PM EDT

College graduates are leaving schools at the end of the month, and it is settled that they will face fierce competition. The employment rate of bachelor’s graduates is 35%, 12% lower than last year. Meanwhile, the employment rate of master’s graduates is 26%, 11% lower that last year. read more

Refined oil price needs to increase, the price of refined oil and demand are out of proportion

Staff Reporter   | Jun 17, 2013 07:43 PM EDT

Last Friday, the price of international crude oil had three consecutive rises, while the futures of New York crude oil reached the highest WTI97.85, raising $0.98. As of June 14, the oilchem website data showed that the main indexes of crude oil-varieties compound rate was 1.27%, rising 0.32% compared before. read more

The average salary of college graduates in Beijing is 4746 Yuan

Staff Reporter   | Jun 17, 2013 02:04 PM EDT

This year, Beijing ranks second to Shanghai on the average salary of college graduates. Average salary in Beijing is 4746 Yuan comparing to 4859 Yuan in Shanghai. On June 16th, "2013 Beijing college graduates employment situation report" was released, Beijing college graduates' competitiveness ranks fifth among the major cities. Most college graduates are interested in listed companies and state-owned enterprises. There are fierce competitions in energy and manufacture fields. read more

“The Hardest Job-Hunting Period of China” Job Hunters Need to Control Anxiety

Staff Reporter   | Jun 17, 2013 01:18 PM EDT

In China, affected by the general economic climate, and the decline of employment demands, the employment situation of university graduates this year is especially tough. In Guangdong Province, 700,000 university graduates choose to work there this year, and this figure almost takes 10% of all Chinese college students graduating this year. read more

Beijing Capital International Airport (BCIA) won the third prize of the “Best Airport” in Asia-pacific region in 2012

Staff Reporter   | Jun 15, 2013 07:33 PM EDT

From June 10 to Jun 12, the Airports Council International (ACI) Annual Conference of 2013 and the Annual Service Quality (ASQ) Awards Ceremony of 2012 were held in Istanbul, Turkey. All senior leaders and representatives of the airports from all over the world have attended this event. The vice general manager of Beijing Capital International Airport Liu ZengYu, and other leaders, as well as the representatives of the Passenger Service Promotion Committee of BCIA had attended the meeting. read more

Google confirms acquired Waze for over $1 billion

Staff Reporter   | Jun 15, 2013 07:23 PM EDT

On June 11, 2013 Google announced that the search engine company is buying the Israeli navigation app startup, Waze for $1.03 billon. "

To help you outsmart traffic, today we're excited to announce we've closed the acquisition of Waze. This fast-growing community of traffic-obsessed drivers is working together to find the best routes from home to work, every day," Google reported on its official blog. read more

IBM starts cutting jobs around the globe, includes China.

Staff Reporter   | Jun 15, 2013 07:21 PM EDT

IBM (International Business Machines Corporation), the world's largest computer-services provider, has fired at least 1,300 workers in a round of U.S. job cuts that began on June 13th 2013, according to the employee group Alliance at IBM. read more

Hong Kong is in the top ten of the world’s most expensive sandwiches, according to Club Sandwich Index

Staff Reporter   | Jun 15, 2013 07:16 PM EDT

According to the Club Sandwich Index, which compares the sandwiches prices sold at hotels around the world by Hotels.com, Geneva has been rated as having the world’s most expensive sanga at a price around $31. read more

Internship Experience Is So Important For Student Employment

Staff Reporter   | Jun 14, 2013 05:54 PM EDT

The Gen-Y research and management-consulting firm,Millennial Branding, released its American college students' employment survey result on June 11th 2013. The survey reveals that 25% of the college students feel unprepared for the working after graduation, and a college degree does not guarantee a job. Graduates face the hash reality of unemployment rate among 20 - to -24- year-old at over 13%, and many potential employers will not hire them full-time even if they have an internship experience in the past. read more

Guangzhou Wanglaoji Pharmaceutical Company claim Wong Lo Kat can prolong people's life

Staff Reporter   | Jun 14, 2013 04:00 PM EDT

Wong Lo Kat herbal tea is a traditional Chinese herbal drink that helps people with minor sickness such as cold, flu, fever etc. On June 13th,Guangzhou Pharmaceutical Company held a "surprising" press conference in Dongfang Hotel. The pharmaceutical company released a "surprising"result: Wong Lo Katherbal tea can prolong people's life. This is another "miracle drug" born in China after ban lan gen. ban lan gen was once confirmed to be a "miracle drug" against H1N1 Swine Flu in China. read more

United Nations report: 70% of Global E-waste Dumped in China

Staff Reporter   | Jun 13, 2013 05:52 PM EDT

Did you ever wonder what happens to your old laptop or cellphone when you throw it away? According to a recent United Nations report, about 70% of electronic waste globally generated ended up in China. China now appears to be the largest e-waste dumping site in the world. read more

Fenghuang Ancient City: tourism grow slightly on Dragon Boat Festival, merchants still go through recession

Staff Reporter   | Jun 12, 2013 05:56 PM EDT

The Chinese Dragon Boat Festival holiday is coming, it has been two months since Fenghuang Ancient City started charging the admission tickets. Reporters visited Fenghuang City a few days ago; found that the number of visitors in Fenghuang Ancient City has increased slightly comparing with the Labor Day holiday in May. However many merchants still go through recession, some shops even closed. read more

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