Steel, Iron-Ore Prices Hammered by China Curbs Metal prices have run ahead of fundamentals, analysts say Steel and iron-ore prices in China plunged on Wednesday after exchanges there lowered the daily trading limit and raised margin requirements in an effort to curb speculation. Shanghai steel-rebar futures for delivery in December pared some losses in late […]
Lego opens its first toy brick plant in China
Lego is opening its first factory in China. The Danish toymaker opened the doors to fifth factory in the world, and first in Asia, in China’s eastern Zhejiang province on Nov. 25. Lego first announced plans to set up the Jiaxing factory, geared toward production for the Asian market, in March 2013. The 40 acre-factory […]
California, Irvine, Lego opens its first toy brick plant in China, mark schlarbaumChina’s High-End Retail Emporium
Walmart is remaking its Sam’s Clubs to offer foreign goods aimed at aspirational consumers. In the U.S., Walmart Stores’ members-only warehouse chain, Sam’s Club, offers a wide array of products, from bulk groceries to patio furniture, at discounted prices in cavernous, no-frills stores where goods are stacked on metal shelves. Walmart is doing the same […]
China’s High-End Retail EmporiumPhilips and Xiaomi will make smart home lighting for China
The companies are starting a joint venture to bring some more smart lighting options to China. China’s getting some new smart home lighting options. Philips Lighting and mobile internet company Xiaomi are teaming up to create connected LED lighting units built for Xiaomi’s wireless smart home platform, the companies said Thursday. The effort also includes […]
Philips and Xiaomi will make smart home lighting for ChinaChina Resources Pharmaceutical Raises $1.8 Billion in Hong Kong IPO
Company prices IPO at $1.17 a share in one of city’s largest floats this year By Kane Wu and Alec Macfarlane China Resources Pharmaceutical Group Ltd. has raised $1.8 billion in one of the biggest Hong Kong initial public offerings of the year. The company, controlled by a Chinese state-owned conglomerate, priced its IPO on […]
China Resources Pharmaceutical Raises $1.8 Billion in Hong Kong IPOVW sales lifted by strong deliveries in China
Sales at Volkswagen have shown signs of recovering from the emissions crisis as it reported strong September deliveries, thanks mainly to China. Overall, the group saw a 7.1% increase in deliveries last month, to 947,600 vehicles worldwide. Of those, 382,300 went to China, a 20.1% rise on the previous year. But deliveries in the US […]
mark schlarbaum, VW sales lifted by strong deliveries in China