China News

Our China News section is designed to keep subscribers up to date with important China business news in between publication of the annual China Business Handbook in the first quarter of each year. Search for news topics chronologically or by business/industry category...

China signs US$5.5bn in African rail deals

Posted in: Business/Industry, Transport/Logistics

CHINESE STATE-OWNED rail company, China Railway Construction Corp (CRCC), has announced that is has signed two contracts in Nigeria and Zimbabwe, worth a total of US$5.5bn. The two projects include an intercity rail line worth US$3.5bn in Nigeria, the Nigeria Ogun State Intercity Mass Transit Project which will be 334km long, and feature a designed […]

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China becomes world’s second-largest vineyard area

Posted in: Business/Industry, Uncategorized

CHINA HAS OVERTAKEN France to become the world’s second-largest vineyard area. The announcement comes as Chinese domestic demand for wine from the burgeoning middle class continues to grow. Whilst Spain continues to lead in overall area of land devoted to vineyards with 1.02 million hectares, China has 800,000 hectares (1.9m acres). France is now the […]

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JD Worldwide platform to compete with Alibaba’s Tmall

Posted in: Business/Industry

CHINA’S SECOND LARGEST e-commerce company, JD.com, has launched its new foreign products platform, JD Worldwide, in an attempt to compete with Alibaba’s Tmall Global site. China’s cross-border e-commerce retail market is expected to reach Rmb1.8tr by 2020, with a rising annual growth rate of 52% from 2014 to 2020. Following recent government policies to promote e-commerce, […]

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Segway bought by rival firm Ninebot

Posted in: Business/Industry, Technology

THE COMPANY KNOWN for its two-wheeled self-balancing electric vehicles, Segway, has been bought by its competitor Chinese firm, Ninebot, for an undisclosed sum. Ninebot, which makes vehicles of a similar appearance to Segways, began operating in 2013 and was funded through crowdsourcing. As well as its two-wheeled vehicle which retails for US$2,700 to US$3,700, Ninebot […]

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Royal Mail to deliver UK products via Tmall store

Posted in: Business/Industry, Transport/Logistics

ROYAL MAIL, THE recently listed British postal company, has announced that it will set up a store on Alibaba’s Tmall site. The news comes following the announcement by Amazon that it will launch its own store on Tmall, as well as maintaining its own Amazon.cn website. Alibaba’s Tmall Global (Tmall.com) connects 302 million online Chinese […]

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Space-age New Silk Road to be underpinned by fibre-optics

Posted in: Business/Industry, Transport/Logistics

THE DEVELOPMENT OF China’s New Silk Road initiative has been boosted by the plans for satellite receiving stations, and the expansion of fibre-optic cables along the route. Presented as China’s outward investment programme since Xi Jinping’s speeches on regional development in 2013, the New Silk Road continues to receive significant coverage in China. There are […]

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Chinese manufacturing: emerging as nucleus of Factory Asia

Posted in: Economy/Finance

CHINESE MANUFACTURING IS growing stronger than ever, and its rising wages are likely to strengthen Asia’s hold on manufacturing, forging Factory Asia – a regional grouping – with China at the centre. “Factory Asia” is the name given to the region’s complex of cross-border supply chains. Asia first emerged as a manufacturing power in the […]

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Australia, South Korea may follow UK to join AIIB

Posted in: Economy/Finance

JUST A DAY after the UK announced it was to join the China-backed Asian Infrastructure Investment Bank (AIIB), Australian Treasurer Joe Hockey declared that Canberra would also consider whether to follow the trend. Prime Minister Tony Abbott claimed that this decision would be finalized within weeks, before the official deadline. Meanwhile, local media in South […]

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