(Adds comment from GM executive in sixth paragraph.) Jan. 10 (Bloomberg) — General Motors Co. and Ford Motor Co. reported record car sales in China last year, outpacing Japanese rivals hurt by production disruptions from the March 11 earthquake and Thailand’s floods. Deliveries to Chinese dealers climbed 8.3 percent from a year earlier to 2.55 [...]
‘ Government and industry search for ways to calm the country’s factory hands Less than two years after the worker suicides at electronics giant Foxconn and a strike at Honda (HMC) suppliers in Guangdong province, labor troubles are again roiling China. On Nov. 17 around 7,000 workers at a Taiwanese-owned New Balance supplier in Dongguan protested plans to [...]
Companies bet on rising births in a year linked to power and wealth. The every-12-year event “will boost the demand for infant products” Smart executives know how to read business cycles. In China, some businesses also play close attention to demographic ones—especially the traditional spike in births associated with the Year of the Dragon, which [...]
(Updates with representative’s comment in 47th paragraph.) Dec. 14 (Bloomberg) — Google Inc. and Intel Corp. were logical targets for China-based hackers, given the solid-gold intellectual property data stored in their computers. An attack by cyber spies on iBahn, a provider of Internet services to hotels, takes some explaining. iBahn provides broadband business and entertainment [...]
Education for the kids, clean air, and rule of law are luring wealthy families to emigrate Self-made millionaire Li Weijie runs his own ski and golf resort outside Beijing and considers himself a patriot: A lifesize statue of Mao Zedong on a four-meter base towers over the entrance to his resort. What would Chairman Mao [...]
After a building boom, hotel vacancy rates are soaring For its new Andaz boutique hotel in Shanghai’s bar and entertainment district, Hyatt Hotels (H) spared no expense: Rooms boast color-adjustable lighting and glowing translucent bathtubs that offer a view of the city’s old French Concession area through floor-to-ceiling windows. There’s even a 23,672-square-foot spa and a water-surrounded [...]