US retailing giant Macy’s has shelved plans to start selling online in China, the latest casualty in a supposedly booming e-commerce market that is proving elusive for some western retailers.
China has begun offering tax rebates to its photovoltaic panel manufacturers to boost domestic adoption of this clean energy source and support its domestic PV industry, hard hit by tumbling prices and excess capacity. (continue reading…)
Lights! Sound! Action! What better way to tap into China’s fun-loving urban consumers than a movie theme park?
So thinks Wang Jianlin, founder of Dalian Wanda real estate group, who has announced he will invest to $8bn in a film park the size of 700 football pitches in the east coast city of Qingdao. (continue reading…)
ICBC, the world’s largest bank by market value, is out to win the hearts — and pocketbooks — of Spanish investors.
China makes a lot of solar panels but most of them currently go for export causing western rivals to complain that Chinese over-production and price competition is destroying their once healthy markets.
But that situation could soon change, says Mark Pinto, corporate CTO at Applied Materials, the US maker of chip manufacturing equipment, in this WSJ article.
Western businesspeople — and well-heeled locals— looking for a memorable Shanghai restaurant to entertain could do worse than head down to Restaurant Martin, the brainchild of Basque chef Martin Berasategui which opened this week.
Located in a colonial building in Shanghai's Xujiahui Park, Restaurant Martin is an ambitious — some would say risky — attempt to export the famed cuisine of Spain's Basque Country region to China and adapt it to local tastes.