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Well reported. We need to keep pandemic preparedness at the forefront of every business manager's mind. It won't go away so better start preparing. For free references, resources and to join their
Thursday, 25 December 2008

China's exported goods should account for about 36% of GDP, not 60% (source:EIU)
Tuesday, 16 December 2008

...orward to welcoming you to Howard Johnson ITC Plaza Chongqing. Thank you for reading our article and support to BizChinaUpdate....
Monday, 24 September 2007

...pedition team arrived at Antarctica's Dome Argus zone following a 20-day, 1,250 km march, state media reports.   The team is headed for the forthcoming Kunlun Station, China's first inl...
Saturday, 10 January 2009

...urniture company Markor International has acquired U.S.-based Schnadig Inc. for USD8.94m, state media reports. The Chinese firm has reportedly obtained all the assets and debt of the Illinois-based fu...
Saturday, 10 January 2009

...eps BoCom Stake HSBC has said it will not cut its stake in China's Bank of Communications, Reuters reports. "Despite the lock-up period for HSBC's investment in BoCom expiring in August 2008,...
Saturday, 10 January 2009

...ly, China holds an amount "below USD1.9 trillion of foreign exchange reserves," state media reports.   Chinese Less Concerned About Saving A new survey by MasterCard reveals ...
Friday, 09 January 2009

...aise up to HKD4 billion by selling shares in China's third-largest lender, Bank of China, state media reports. Li's Magnitico Holdings will offload two billion BoC shares. Magnitico was part of group ...
Friday, 09 January 2009

...nd to setup and fund "electricity and relevant industries" in Africa, Bloomberg writes. New reports show that the continent needs up to USD300 bn over the next 20 years to build the necessar...
Thursday, 08 January 2009

10. Lenovo Cuts 2,500 Jobs
(News/News January 2009)
...performance" and "potentially huge losses" in the fourth quarter of 2008, state media reports. Lenovo also said it will merge its Asia-Pacific operations with its Greater China a...
Thursday, 08 January 2009

... Bank of America has sold 5.62 billion shares - worth USD2.8 bn - in China Construction Bank, Reuters reports. Investors say the U.S. bank could sell more of its investment in the Chinese bank to fund...
Thursday, 08 January 2009

...t telecom equipment maker Huawei Technologies increased 46 per cent year-on-year in 2008, state media reports. Contracted sales stood at USD23.3 bn of which 75 per cent came from overseas markets, Cha...
Thursday, 08 January 2009

13. Subaru in China SUV Recall
(News/News January 2009)
Japanese automaker Subaru is recalling more than 1,000 Tribeca sport utility vehicles (SUVs) sold in China due to potential failures with its control system.   The General Administration
Wednesday, 07 January 2009

...General Motors has said its China sales grew 6.1 per cent, to 1.09 million vehicles, in 2008, Reuters reports. This is considerably less than the 18.5 per cent growth the U.S. carmaker reported in 200...
Wednesday, 07 January 2009

15. Swimmer Phelps Lands More China Gold
(News/News January 2009)
...ichael Phelps's haul of eight gold medals at the 2008 Beijing Olympics have earned him a deal – reportedly worth more than USD1m – to endorse automaker Mazda in China.   The ...
Wednesday, 07 January 2009

The 'China Internet Illegal Information Reporting Centre' said it has listed 19 websites including Google, Baidu and other major sites that contain content that could "violate public morality and
Tuesday, 06 January 2009

...sting RMB100m to set up a cloud computing centre in Nanjing, capital of Jiangsu province, state media reports. Wang Tao, General Manager of Alibaba's software subsidiary Alisoft, said four more simila...
Tuesday, 06 January 2009

...ess volume increased 20 per cent in 2008, to RMB1.95 trillion, market research firm IDC said in a new report. China's largest e-commerce platform Taobao saw sales volume increase from RMB43.3 bn in 20...
Monday, 05 January 2009

19. Chinese Firms Plan Major Solar Project
(News/News January 2009)
...ew Energy Group said they will start building a 30MW solar power station in Qinghai province, Reuters reports.   The project, located in the Qaidam Basin, will combine thin-film and tra...
Monday, 05 January 2009

...f Shanghai received USD10 bn in foreign direct investment in the first 11 months of 2008, state media reports. In the entire year of 2007, FDI stood at USD7.92 bn. Official statistics show that Shangh...
Monday, 05 January 2009

...n Air pollution in Hong Kong has reached its highest level since records began, new figures show. A report by the Environmental Protection Department said that pollution levels in the three main sho...
Monday, 05 January 2009

...o announce" a merger with SG Fafalen, a Swiss law firm based in Hong Kong, The Financial Times reports. With this move, the Chinese firm hopes to access the Russian market, as the Swiss firm m...
Sunday, 04 January 2009

...ne-contaminated milk products must pay a total of USD160m to victims and their families, state media reports.  A spokesperson of the China Dairy Industry Association confirmed that a fund has b...
Sunday, 04 January 2009

Philippe Mellier, CEO of French trainmaker Alstom Transport, is encouraging countries to close their markets to sales of Chinese trains, The Financial Times reports.   Chinese companies
Saturday, 03 January 2009

...“more gloomy about the prospects for 2009 than anyone else in the world,” Trading Markets reports. According to a worldwide survey by TNS and Gallup International, 67 per cent of the over ...
Saturday, 03 January 2009

26. LG Mobile Invests RMB1 Bn in China
(News/News January 2009)
...1 bn in China for boosting marketing and building sales channels, Chinese business news website Hexun reports.   The telecoms service provider will launch 60 mobile phone models in Chin...
Friday, 02 January 2009

27. Biz China Update Wishes A Happy 2009
(News/News January 2009)
...ekly e-update commentary next week. In the meantime, we would like to introduce our three new monthly reports.   - Our Foreign Company Monthly Report updates readers on the developments ...
Friday, 02 January 2009

28. UBS Sells Bank Of China Stake
(News/News January 2009)
...S AG has sold its stake in Bank of China as the three-year lockup period ended. The Swiss bank earned reportedly a profit of USD400m from the investment.   The bank “remains commit...
Thursday, 01 January 2009

...e of developments related to foreign companies operating in China. Click on this link to download the report.   ...
Thursday, 01 January 2009

... summary of the latest China-related economic and company statistics. Click this link to download the report. ...
Thursday, 01 January 2009

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