Transitional economies such as China, tackling the challenges of moving from a producer of commodity products to an environment of investment in high-quality, premium branded goods and services, need to produce competitive domestic brands, but…
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The Aussie brands conquering the wallets of Chinese millennials
China became Australia’s biggest wine export market in 2016 … Penfolds, Rawsons Retreat and Wolf Blass don’t compete on price and are positioned as premium brands, he says. The FTA was the “icing on the…
Wexner: L Brands does not envision mass store closings, China increasingly important
Many big-name retailers have closed stores en masse. Columbus-based L Brands is not averse to pruning, its leaders say, but no large-scale closings are envisioned. The company’s founder, chairman and CEO, Leslie H. Wexner, and…
China's Norinco and Saudi Aramco line up $10 billion refinery plan
BEIJING Chinese defense conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco [IPO-ARMO.SE] to build a refinery and chemicals complex in northeast China, industry and government…
Progress made on draft of South China Sea code of conduct
China and the 10 countries in the Association of Southeast Asia … Liu was quoted as telling Xinhua News Agency following Thursday’s meeting in the southern Chinese city of Guiyang. The Philippines welcomed the finalization…
China, Japan extract 'combustible ice' from seafloor
The official Chinese news agency Xinhua reported that the fuel was successfully mined by a drilling rig operating in the South China Sea on Thursday. Chinese Minister of Land and Resources Jiang Daming declared the…
Is China unstoppable in the South China Sea?
Hong Kong (CNN)Manila and Beijing are to hold direct talks on the South China Sea for the first time Friday, a move that may strengthen Beijing’s hand in the festering dispute. By agreeing to bilateral…
China Rapid Finance’s U.S. IPO Has Been Less Than Stellar
Chinese marketplace lenders do not enjoy a stellar reputation in the world market, but the sheer size of the market renders it virtually impossible to ignore them. According to one report, there are 2,000 active…
China’s Strength and Its Shopping Lift Alibaba’s Results
But there are challenges. The results show Alibaba has a long way to go before it can diversify its business amid expectations that even China’s online sales boom has its limits. And Alibaba is increasingly…
Biometric Tech Used to Secure Women’s Dorm at Beijing University
Beijing Normal University is using biometrics to regulate access to a women’s dormitory, reports The Telegraph. The system has made entry to the facility fully automated, granting access to registered students based on facial and…
Beijing, Tianjin and Hebei act on realty speculation
The Beijing, Tianjin and Hebei governments are teaming up to intervene and stop speculation in the real estate market, senior officials said. Tongzhou district, Beijing’s subsidiary administration center, is forming a realty regulation enforcement alliance…
Trade groups appeal to Beijing to postpone cybersecurity law
BEIJING (AP) — A coalition of 54 global business groups appealed to Chinese authorities Monday to postpone enforcing a cybersecurity law they warned violates Beijing’s free-trade pledges and might harm information security. The appeal by…
Beijing's plan to invest billions abroad helps Chinese companies, says firm's chairman
Beijing’s giant plan to invest billions abroad is creating a favorable business environment for Chinese companies expanding internationally, said Zeng Guang’an, the chairman of construction machinery firm LiuGong. The initiative, dubbed “One Belt, One Road…
