Vehicle sales in China may increase by 10 percent this year. General Motors, the second-largest automaker in China, is planning to launch 19 new vehicles, as the company looks to use profit from North America to offset costs overseas.
China had a strong 2013 with growth in automobile sales. Despite an economic decline, people continued to buy more cars. The consumption of steel also went up. Since steel is one of the most critical contributions for automobile manufacturing, demand for [...]Read more…
The following is a guest post by Philip via MarketingToChina.com, edited by Key.
Apple and VW appeared on CCTV on Mar.15, not in advertising, but on consumers’ rights protection party. And obviously, they are big PR trouble.
Apple Ostrich PR
Apple was reported to treat Chinese consumers at a different standard in terms of after service. Chinese consumers can’t get a brand-new back cover as claimed in the Apple ads and even the warranty is much shorter than that in the US.
Report on Wednesday said, the ambitious Starbucks is continuously expanding in China, but customers staying in Starbucks not leaving is a major obstacle of expanding in China – “Customers love these shops too much, they sit there for hour after hour, and sometimes without buying any coffee at all.” In fact, although these multinational companies have amazing rate of expanding in China, looking at the sales numbers comparing with total global sales, China is still relatively a small market, [...]Read more…
Han hanged himself, leaving behind his wife and young daughters
In the time when the prices of everything are sky-rocketing up in China, the recent plummeting price of vegetable seems rather abnormal and it is destructive to many vegetable farmers, most of whom are the low income population. A farmer from Shan Dong province hanged himself in desperation, leaving behind his wife and two young daughters.
Han Jin, the 39 year-old farmer, was an introvert and an honest, hard working person. [...]Read more…
From Netease | Translated by Jue | Edited by Key
China News Agency, Beijing March 17th
Recently, there has been shopping spree for salt in some parts of China due to the growing nuclear crisis in Japan and the rumors that iodized salt will be capable to protect oneself from nuclear radiation, also with the fears that nuclear leaks would affect coastal areas in China and the marine products and salt would also be contaminated.
Therefore on March 17th, Chinese National Salt [...]Read more…
China’s Internet Video landscape is growing in a fast pace as the major video sharing sites like Youku and Tudou becoming popular in Chinese people’s daily digital lives. These sites are not only served as user based video sharing networks, unlike Youtube, large number of the Chinese people actually watch their favorite TV show and movies on these sites. Issues of copyrights aside, the Hulu-like business model actually opened up a lucrative market for the Chinese companies. At the [...]Read more…
Xinhua News, Beijing, March 23rd (Jingjing TAN, Zhengyan XIONG) Reports: Xiaolian HU (胡晓炼), the Deputy Governor of People’s Bank of China indicated on March 23rd that China will continue to invest in U.S. treasury bonds, but at the same time China would also concern about the fluctuations in the value of U.S. treasury assets.
From NetEast, similar article from USA Today U.S. 2009 January automobile sales were lowered by 37.1%, it is the lowest ever in 27 years, sales for the first time is lower than China.