Studying the financial reports of luxury brands, China emerges as the 21st century’s promised land: Every major publicly quoted company boasted double digit increases in sales last year, reported International Herald Tribune. Gucci, Dunhill, Hugo Boss and other brands are making a profit out of the Chinese market. Other brands, like Chloe, complain about the […]
Read MoreNew York Times ran a story on China’s booming animation film industry. China is far from alone among fast-developing nations eager to pursue a piece of the lucrative animated film business by marrying their mastery of advanced computer technology with low labor costs.
Read MoreChina Aviation Oil, a Chinese jet-fuel supplier, said it had racked up $550 million in losses on derivative trades and was seeking protection from its creditors. AP also reported that the company has suspended chief executive Chen Jiulin while accountants PricewaterhouseCoopers investigated what went wrong.The scandal could be the biggest case of losses from speculative […]
Read MoreChina,the world’s most populous country is waking up to Formula One and the money-burning sport is eager to tap into it, Reuters reported. The successful inaugural of grand prix in Shanghai last September has generated huge interest in both domestic and abroad businesses. Some Chinese companies start considering buying a F1 team. Carmakers are equally […]
Read MoreThere has been more than 4,500 workers killed on the job in the mining industry in China this year, reported AP. In the country’s most recent disaster, rescuers on Wednesday raised the death toll to 166 following a weekend explosion at a mine in central China.
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