China Nepstar Chain Drugstore has strengthened its management team with new appointments, nameing Ian Wade as co-chief executive officer and William Weili Dai as the new chief financial officer. Jiannong Qian, as co-CEO of China Nepstar will focus on new business development, acquisitions and partnership development, while Wade will focus on maximizing operating efficiencies and profitable [...]

According to a directive from the Beijing Drug Administration, starting from June 2010, both Chinese-made and imported cosmetics should be marked with all their ingredients and products that fail to meet the requirement will be suspended from the Chinese market. From then on, consumers will be able to know all of the contents of a cosmetic [...]

According to reports in local media, the global electronics retailer Best Buy has started to sell its own brand LCD TVs in China for the first time and these TVs are only available in Best Buy stores. Qian Yan, general manager for public relations at Best BuyChina, said that the retail price for Best Buy's own [...]

According to the Tianjin Commission for Commerce, a number of Tianjin's large and medium-sized department stores have made six promises about providing a good shopping environment, quality products, and convenient service to consumers. The six promises include firstly: to implement the relevant provisions of the Product Quality Law and the Food Hygiene Law in full. Secondly: to [...]

Chinese consumer electronics retailer and distributor China 3C Group has signed a definitive agreement to acquire 100% of Jinhua Baofa Logistic Ltd., a logistic company in eastern China, through its subsidiaries Zhejiang Yong Xin Digital Technology Co., Ltd. and Yiwu Yong Xin Communication. The total amount of consideration payable for this transaction is CNY120 million, with [...]

Chinese supermarket chain QKL Stores announced the opening of two new supermarkets in Heilongjiang and Inner Mongolia, respectively. Wang Zhuangyi, chairman and CEO of QKL Stores, stated, "With the addition of these two new supermarkets, we currently operate 30 stores comprised of 26 supermarkets, 2 department stores, and one convenience store, for nearly 1,363,593 square feet [...]

Chinese electronics retailer Suning has published a notice that the company will suspend its equity incentive plan made in July 2008. This equity incentive plan, which covers 43.76 million stock options, is the first equity incentive plan approved by Suning. Sun Weimin, president of Suning, says that the company will still launch equity incentive plans in [...]

Chinese mobile phone chain store D. Phone has announced that the company is cooperating with Nokia and opening a Nokia specialty store in Beijing. The Nokia specialty store jointly managed by D. Phone and Nokia has the appearance and brand logo of a Nokia store. The store is located in the Zhongguancun commercial area, an [...]

Shenzhen Municipal Department of Industry and Commerce has released the result of their tests of imported clothes during the third and fourth quarters of this year showing that 18 out of 30 batches of the imported clothes checked were substandard. Reports say that these batches included several well-known international brands such a Ports, Armani, and Fendi. [...]

The steel business faces its biggest hurdle in 60 years with some analysts predicting double digit production cuts in 2009. Now, a sudden change in China trade policy may spell even more trouble for Western steelmakers, as Beijing is currently considering measures to shore up its ailing steel industry with new export policies. According to World Steel Dynamics, a U.S. steel consulting firm, steel production could fall next year by 13.9% compared with this year. This downturn comes after a long period of growth in the steel industry. In fact, output has grown every year since 1998 - soaring from 777 million metric tons a decade ago to 1.34 billion metric tons in 2007. The catalyst behind the expansion has been a robust world economy and a steep rise in demand in China - by far the world’s biggest steel producing ...