Don't have an account yet? Get FREE 7-Day Trial
April 24 - Gap Inc (NYSE: GPS) opened its first store in Chongqing, a provincial level city in southwestern China, as well as 18th store in China. The US clothing retailer plans to operate 45 stores in the country by the end of 2012.
http://www.linkshop.com.cn/web/archives/2012/205962.shtml
April 24 - General Motors Co (NYSE: GM) plans to add 600 dealerships in China this year, about a 20% increase, the Wall Street Journal reported, citing CEO Dan Akerson. The addition would bring the company's dealer network in China to 3,500 stores, up from 2,900 at the end of 2011.
http://online.wsj.com/article/SB10001424052702303459004577361461132198028.html
April 24 - Toyota Motor Corp (NYSE: TM) aims to begin manufacturing hybrid cars in China by 2015 at the earliest, Toyota China vice president Dong Changzheng said.
http://finance.qq.com/a/20120424/002259.htm
April 20 - China is a high-profit market for Starbucks Corp (Nasdaq: SBUX), and the coffee giant plans to double the number of stores in the country to 1,500 by the end of 2014, CEO Howard Schultz told Bloomberg.
http://www.linkshop.com.cn/web/archives/2012/205571.shtml
April 20 - Changan Ford Mazda Automobile Corp, one of Ford Motor Co's (NYSE: F) joint ventures in China, said it will invest $760 million building a plant in Hangzhou, Zhejiang's provincial capital. The announcement came just after news of the joint carmaker's plan to build a $600 million plant in Chongqing. The two new plants are expected to lift Changan Ford Mazda's annual capacity to 1.2 million units.
http://www.yicai.com/news/2012/04/1646598.html
April 20 - Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) said the number of its hotels in China has exceeded 100 after opening three new locations in Ningbo, Sanya and Yangzhou. It said 44% of its hotels currently under construction worldwide are in China.
http://www.linkshop.com.cn/web/archives/2012/205509.shtml
April 20 - Nokia said its sales volume and revenue from China slipped 62% and 70% respectively in Q1 2012, without giving exact numbers. The Finnish cellphone maker posted a $1.2 billion loss for the quarter, compared to a $452 million profit a year ago.
http://tech.qq.com/a/20120420/000140.htm
April 20 - Nissan Motor Co plans to produce two upscale Infiniti models at one of its Chinese factories jointly established with Dongfeng Motor Corp, the Wall Street Journal reported, citing Andy Palmer, an executive vice president. The Japanese automaker is looking to China's burgeoning luxury car market bolstered by affluent Chinese.
http://online.wsj.com/article/SB10001424052702304331204577353684003566516.html
April 19 - Hewlett-Packard Co (NYSE: HPQ) has agreed to build a printer plant in Chongqing, CEO Meg Whitman told the China Daily. No details were disclosed for the plan.
http://cn.reuters.com/article/chinaNews/idCNCNE83I04G20120419
$1 = ¥6.3
@2011 China Economy @ The China Perspective.
HOME
