China state arms maker pledges 'mixed ownership' reforms

SHANGHAI (Reuters) - The China North Industries Group (Norinco), a central government-run arms manufacturer, has decided to pursue a "mixed ownership" model as part of China's ambitious reform programme for state-owned enterprises (SOEs), the company said. ( read original story ...)

Superior tech, stronger brands needed

This is a huge gap for China, and so far it has been filled almost entirely by Western brands such as Apple, BMW and Hermes, to name just a few. This is because, while the demand side has shifted from low cost to high-quality products, the supply side is ... ( read original story ...)

Why Audi Is Facing Dealer Discontent in China

Today, he and his 300 colleagues at mainland China’s first full-service Audi dealership are struggling to boost sales, even with 15 to 20 percent discounts and at losses for the dealer of 20,000 to 30,000 yuan per car. “We see the brand like our own ... ( read original story ...)

E-Commerce in China has Brands Hungry to Cash in on the Boom

Last month, Chinese e-commerce site Alibaba reported a rise of online sales of 32% to 120.7 billion yuan (US$17.73 billion), an impressive number, indeed. But that wasn’t a quarterly figure, or even a monthly tally–those were sales recorded in one day ... ( read original story ...)

Which Luxury Brands Will Have the Luckiest Chinese New Year?

At a time when China’s economy faces turbulence and the country’s anti-corruption campaign continues at full speed, some luxury brands are faring much better than others in maintaining their appeal with Chinese shoppers. According to a recent Exane BNP ... ( read original story ...)

Foreign cosmetic brands cut retail prices in China market

High-end cosmetic brands, including Estee Lauder and Amorepacific, have announced price cuts in the Chinese market in the new year in response to lowered consumption tax. The South Korean beauty company Amorepacific said on Tuesday that the suggested ... ( read original story ...)

Crossovers, China and the Buick conundrum

It’s the fastest-growing major international brand on the planet. Except, what exactly does “international” mean here? Buicks are sold in only four countries: the United States, Canada, Mexico … and China. For obscure historical reasons involving ... ( read original story ...)