The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
Troubled French automaker PSA Peugeot Citroën is reportedly in talks to sell as much as a 30 percent stake in its company to China’s second-largest automobile manufacturer, Dongfeng Motor Corporation. Dongfeng and Peugeot have been involved in a joint venture partnership since 1992, and analysts say it makes sense for Peugeot to reach out to […]
Changing everyday business practices instead of focusing only on legal issues may help companies comply with Chinese anti-corruption laws. By Benjamin Shobert and Damjan DeNoble In the aftermath of this summer’s bribery scandals involving pharmaceutical firms GlaxoSmithKline (GSK), Sanofi S.A. and Novartis AG, as well as French food and consumer products manufacturer Groupe Danone, multinational […]
Rising costs have been a concern in China for many years, but this year’s survey suggests that the increases may have outpaced company expectations of tolerable expense increases.
In an effort to move “more quickly to profitability,” the world’s third-largest food retailer announced today that it is abandoning its solo approach to China. UK retail giant Tesco will instead pay nearly $558 million to form a joint venture with China Resources Enterprise, a state-run firm that operates nearly 3,000 supermarkets and convenience stores […]
By Norm Page This summer, while Shanghai residents were frying pork on blistering hot sidewalks in People’s Square, the Chinese government took two steps toward a new era of rebalanced growth and long-term economic relations with the United States. These moves—announcing that a free trade zone (FTZ) would be established in Shanghai and China’s desire […]
Organizer: Guangya Mess Frankfurt Exhibition Services Co., Ltd. Location: Pazhou International Convention Center Guangzhou Date: September 26-28, 2013 Web: http://www.china-import-fair.com/ Contact: Maggie Chen Email: [email protected] Phone: +86-13202503630
Shareholders at US pork producer Smithfield Foods Inc. overwhelmingly approved a $4.7 billion takeover bid by Shuanghui International Holdings on September 24. The deal, approved by more than 96 percent of voting shareholders, is the largest-ever Chinese takeover of an American company. The takeover cleared its final hurdle on September 20, when minority owner Starboard […]
As Asian multinationals expand abroad, they are developing employee recruitment and retention strategies in overseas markets to bolster growth. What can Western companies learn from these efforts? By Christina Nelson Chinese investment abroad is booming. In 2012, Chinese companies invested nearly $80 billion overseas. But as these companies move into overseas markets – like the […]
According to Chinese media reports, five of the country’s largest milk powder producers—China Mengniu Dairy Co., Inner Mongolia Yili Industrial Group Co., Feihe International Inc., Heilongjiang Wondersun Dairy Co., and Treasure of Plateau Yak Dairy Co.—will soon receive government funds of RMB 30 billion ($4.9 billion), in order to consolidate the domestic milk powder sector […]
