Industry & Market
Industry & Market
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China's Baby Formula Industry to Have a Major Consolidation
Jun 23, 2013About a third of the country's baby formula businesses will be axed, in what experts are calling a major consolidation of the industry. The government has been trying to revive the industry since the 2008 melamine scandal, but consumer ...
Tags: Baby Formula, milk powder
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The Yield of China's Crude Steel Increases by 8 Percent in January-May
Jun 22, 2013According to the World Steel Association (worldsteel), in May this year the crude steel output of 63 countries surveyed across the globe reached 136.3 million mt, increasing by 2.6 percent on year-on-year basis and up 3.2 percent compared ...
Tags: Crude Steel, Mineral, Steel
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Sinocare Inc. Revealed That a Contract Has Been Inked with Tecnosuma Internacional S.A.
Jun 21, 2013Sinocare Inc. (SZSE: 300298) revealed that a contract has been inked with Tecnosuma Internacional S.A. (TISA), an excusive dealer in Latin America, according to which the latter will purchase blood glucose test strips from the former and ...
Tags: Service, Blood Glucose Test Strips
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PayPal Is Expected to Become The First Foreign Firm to Gain a Financial Payment License
Jun 21, 2013PayPal, the online third-party payment platform of eBay, is expected to become the first foreign firm to gain a financial payment license in the Chinese mainland. John Donahoe, CEO of the US online auction and shopping service ...
Tags: Service, PayPal, Financial Payment License
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ASX: CBA Saw Three Village Banks Run Into Operation in Hebei Province, China Recently
Jun 21, 2013Sydney-based Commonwealth Bank of Australia (ASX: CBA) saw three village banks run into operation in Hebei Province, China recently. The three institutions spread in Xinji City and Handan City, each, with small- and medium-sized ...
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China Premier Li Keqiang Chaired a State Council Executive Meeting on June 19
Jun 21, 2013China Premier Li Keqiang chaired a State Council executive meeting on June 19, studying the deployment of policies and measures to support economic restructuring, transformation and upgrading. The meeting studies and nailed down policies ...
Tags: economy, private capital
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Hewlett-Packard and Samsung Have Inked Agreement with Microsoft
Jun 21, 2013Hewlett-Packard and Samsung have inked agreement with Microsoft for copyright protection to assure installation of copyrighted Windows and Office software on PCs sold in China by the former two. Microsoft declared the news on June 19. The ...
Tags: HP, Samsung, Microsoft, Computer Products
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Shanghai Oriental Pearl (SHSE: 600832) Planned to Set up a 34-66 Joint Venture
Jun 21, 2013Shanghai Oriental Pearl (SHSE: 600832) planned to set up a 34-66 joint venture with its related party Shanghai Forte Land (SEHK: 2337), with registered capital of CNY 50 million, to co-develop plot 2# in Wantou, Jiangbei District, Ningbo ...
Tags: Service
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Zurich Is Said to Have a Plan to Buy Into Chinese Property Insurance Firm Sinosafe
Jun 21, 2013Switzerland-based Zurich Insurance Group is said to have a plan to buy into Chinese property insurance firm Sinosafe General Insurance Co., Ltd. Sources said recently that the Swiss insurance group was looking for a stake in a Chinese ...
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Bing Challenges Google That Has Been Taking The Lead in The US Search Engine Market
Jun 21, 2013Recently, Microsoft Bing initiated a global PK in Beijing, challenging Google that has been taking the lead in the US search engine market. Insiders analyzed that the global PK is in line with the development strategy for the Chinese ...
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Zoomlion Is Considering Building Plants in Russia and South Africa
Jun 21, 2013Zoomlion Heavy Industry Science And Technology Co., Ltd. vice president June 19 said at the 2013 global construction machinery industry conference that the company is considering building plants in Russia and South Africa. Earlier ...
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New Zealand Will Build The Third LTE Network with The Help of Huawei
Jun 21, 2013Foreign media said that New Zealand will build the third LTE network in 2014 after Zelanian carrier 2Degrees declared getting bank loans worth NZD 165 million. 2Degrees is one more local carrier to launch 4G networks in the nation after ...
Tags: Electrical, Electronics, 4G Networks
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Ford Motor and Its Strategic Partner Jmc Opened a New Commercial Vehicle Assembly Plant
Jun 21, 2013US-based automobile manufacturer Ford Motor along with its strategic partner Jiangling Motors (JMC) has opened a new commercial vehicle assembly plant in Nanchang, Jiangxi province in China. The new JMC Xiaolan Plant was built with an ...
Tags: Ford, China, Assembly Plant
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Forepi Debuts Package Free Chip technology
Jun 21, 2013FOREPI displayed three newly released products at Taipei International Optoelectronics Week, and FOREPI said that two of the three models adopt Package Free Chip technology the company exclusively developed, namely 3.5 watts / 350 lumens ...
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Company Chairman Predicts Firm Quarterly Revenues Will Show Sequential Growth of 20-30%
Jun 21, 2013Frank Chien, chairman of Taiwan-based LED chipmaker Formosa Epitaxy predicts the firm will return to profitability in the third quarter, and quarterly revenues will show sequential growth of 20-30%. Formosa Epitaxy developed package free ...
Tags: 3Q13, chairman, Formosa, Formosa Epitaxy, LED chipmaker
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