Successful Chinese companies usually have a thorough plan based on the realities of their own business and their industry before expanding internationally, said Eugene Qian, head of China global banking of Citibank (China) Co Ltd.
Business leaders are bullish onurbanization, innovation, R&D
Illinois-based food company Mondelez International Inc is exploring new ways to reach customers in third- and fourth-tier cities in China to combat slowing growth in the market.
Domestic private equity firm China Science and Merchants Capital Management Ltd will invest at least 30 billion yuan ($4.8 billion) in the nation's health industry within five years, its chairman said.
Value Retail, one of Europe's biggest discount outlet chains, will open its first luxury outlet in Suzhou, Jiangsu province, next month, with another five under discussion and construction.
In her post-match speech after winning this year's Australian Open, China's Li Na made sure to thank her agent at IMG, a global talent-representing company, for making her rich.
Despite an uncertain global economic climate in recent years, advertisers have been taking a generally positive attitude toward sports in Asia. Data suggest that, from jewelry retailers to automakers, major brands are doling out millions of dollars on sports advertising in the region.
Li Ning's igniting of the cauldron at the 2008 Beijing Olympics opening ceremony can be viewed as a symbolic beginning of the growth of the sports goods industry in China.
Traditional drugs finding new respect in Europe, US
As the fires of entrepreneurship burn in western China, the Chengdu Federation of Industry and Commerce is expanding a program that will help its member chambers of commerce do more to support 240,000 private-sector enterprises in the city.
When it was announced four years ago that the Chinese carmaker Geely was buying Swedish carmaker Volvo, the company drew plaudits worldwide for the daring and astuteness of its move.
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Raymond Zhou
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Chen Weihua
