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…

Four Seasons Hotel, Shenzhen in 1st full year of operation

Posted in: Business/Industry

THE FOUR SEASONS Hotel in Shenzhen (深圳四季酒店) is now approaching its first full year of operation after opening in September 2013 with a spa due to come on stream before the end of 2014. The 266-room property is located in the Futian business district just 10 minutes’ drive from two Hong Kong border crossings (Futian […]

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China’s nuclear power to be fast-tracked in 2014

Posted in: Energy/Environment

NUCLEAR POWER IS being fast-tracked in China as the country this year commits to install another 800GW of nuclear electric power. This compares with some 220GW of new capacity approved for construction in 2013.  To date, nuclear power accounts for only 2% of China’s total installed electricity generating capacity compared with a world average of […]

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China-Europe rail freight service resumes

Posted in: Business/Industry

THE CHINA-EUROPE land bridge shipping sea containers by rail from Wuhan to Poland via Xinjiang resumed operation last week (23 April) after a break of 18 months.  The plan is for the transcontinental containerised rail freight service to operate twice a month from now until June and then weekly thereafter.   The freight train takes […]

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China internet users top 600 million

Posted in: Technology

THE NUMBER OF internet users in China topped 600 million for the first time in 2013, increasing to a total of 618 million by the end of the year, 53.58 million (9.5%) more than in 2012, according to figures just released by the China Internet Network Information Centre (CNNIC). However the overall internet penetration rate […]

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Dusit to open 6 new hotels in China

Posted in: Business/Industry

THAILAND’S DUSIT THANI (都喜天丽) hotels and resorts group has announced plans in recent weeks to open six new properties in China with a combined total of 1,378 guest rooms, suites and apartments and 200 villas. The properties are all due to come on stream under Dusit Thani brand management between 2014 and 2017.  Dusit Thani […]

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SanPower snaps up 89% House of Fraser stake

Posted in: Business/Industry

SANPOWER GROUP SUBSIDIARY Nanjing Xinjiekou Department Store Co Ltd (Nanjing Cenbest) has snapped up a majority 89% stake in high-end UK department store group House of Fraser (owned by the Highland Group) at an offer price implying an enterprise value of some Rmb5 billion (£480 million). The deal is expected to be completed in around four […]

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Hebei gets serious about curbing air pollution

Posted in: Energy/Environment

HEBEI PROVINCE IS getting serious about curbing air pollution with its recently announced plans to invest over US$6 million (Rmb 20 million)  in foreign technical expertise in 2014, in addition to taking a series of measures aimed at cutting polluting industries. Hebei experienced over 200 days with an air quality index worse than the national standard for good air […]

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Aluminium smelter back to profit in 2013

Posted in: Business/Industry

THE ALUMINIUM CORPORATION of China (Chalco) returned to profit in 2013 after suffering heavy losses in 2012. Chalco (中铝公司 zhonglu gongsi) made a net profit of  just under a billion Rmb (Rmb 948 million or US$155 million) in 2013 thanks to a 16% year-on-year (YOY) increase in sales for the year to Rmb 173 billion […]

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Lenovo on a roll in 1Q 2014

Posted in: Technology

LENOVO IS ON  a roll in 2014 as the world’s PC market leader reported record quarterly sales in 4Q 2013 (its financial 3Q 2013/14) topping US$10 billion in quarterly sales for the first time ever, launched a raft of new products at the Mobile World Congress in Barcelona (24-27 February 2014) and awaits approval for […]

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