Grand Power Logistics Group, a leading China-based international logistics provider, reported in January that its 70% owned subsidiary, Grand Power Logistics Development had signed a memorandum of understanding to develop the Yangshan International Container Transit Logistics Park.
Behind that somewhat formal language is the idea of a transit port to deal with both outgoing and incoming [...]
TRANSPORT and logistics giant Toll Holdings has made its 80th takeover by buying an ocean freight business in the United States.
Toll announced February 3 that it had bought New Jersey freight forwarder Summit Logistics International which services America’s clothing and footwear market.
In a statement, Toll revealed that it had bought Summit for $A80 million and [...]
China First Heavy Industries raised 11.4 billion yuan ($1.67 billion) in its initial public offering in early February, after becoming the first company to fail to price a Shanghai IPO at the top of an indicative range since China reopened the primary market in June.
A series of weak debuts on the Shanghai Stock Exchange [...]
Esprit, which sells everything from towels to shoes, posted a net profit of HK$2.71 billion ($349 million) on Wednesday for the first half of its fiscal year through December 2009, down from HK$2.85 billion a year earlier, as Europe remained weak while its wholesale division came under pressure amid tightened credit conditions.
By Joe Studwell, founding editor of China Economic Quarterly
BYD, the Shenzhen-based car and battery maker, is the most valuable listed manufacturing business in China right now, with a market capitalization of $17bn.
Investors are betting that BYD’s twin business model will make it a global leader in electric vehicle production. Warren Buffett-controlled MidAmerican Energy Holdings, which [...]
Chinese intellectual property rights (IPR) authorities Wednesday vowed “all-round” efforts to help domestic companies raise awareness of IPR protection in the wake of increasing exchanges with foreign businesses and disputes arising from them.
Yin Xintian, spokesman of the State Intellectual Property Office, made the pledge when answering a question related to a lawsuit between British electric [...]
China’s National Bureau of Statistics said that investment, including infrastructure investment and equity investment, contributed 8 percentage points, or 92%, of the country’s GDP growth in 2009.
The latest data from the National Bureau of Statistics show that retail sales contribute 52.5% of China’s economic growth and pushed up the GDP growth rate by 4.6 percentage [...]
“The banking regulator hasn’t asked banks to stop lending to the property sector but it has been warning about risk recently,” said Lu Zhengwei, chief economist of the Industrial Bank in Shanghai.
Sub Business Test
