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Going global: Chinese authors take on the world

Translated literary works are fast becoming international best-sellers Drinks, cheers and applause – it’s the Frankfurter Buchmesse, the world’s biggest book fair. And in its 70-year history, the event has never hosted a themed event dedicated to a Chinese author, until a few weeks ago. Mai Jia, the pen name of Jiang Benhu, China’s version…

Africa agri firms sign Shanghai deals

Business delegates who attended the Shanghai import expo sign farm contracts worth millions Africa’s small and medium-sized agri-processing companies were big winners at the China International Import Expo in Shanghai, signing lucrative deals worth millions of dollars and increasing opportunities to latch on to global value chains. With access to a $1.3 billion (1.14 billion…

Curbs set on preschool share sales

China will not allow private kindergartens to raise funds through share sales by themselves or as part of asset packages, the State Council, China’s Cabinet, announced on Nov 15 in a policy document. Listed companies will not be allowed to invest in kindergartens and purchase kindergarten shares through stock issue or cash, according to the…

Construction companies seek bigger market share

More than 60 percent of exhibitors in the just concluded China-Kenya Industrial Capacity Cooperation Exposition in Nairobi, Kenya, were construction companies, an indication that Chinese enterprises are not cooling their bid for more market share in the East African nation’s lucrative infrastructure sector. Out of 81 Chinese companies present at the Kenya expo, 51 specialize…

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Lowered threshold spurs free trade zone

Shanghai pilot business zone known as FTZ loosens rules for foreign and domestic firms The China (Shanghai) Pilot Free Trade Zone, the first of its kind in the country, is turning into a true test case for China’s further opening-up and is attracting thousands of companies from home and abroad. The negative list system, which…

Antitrust treatment called fair for all

Ready to roll out reforms, authorities say foreigners not specifically targeted by agency China’s top antitrust authority will continue treating foreign and domestic companies equally, as it is on the way to completing a sweeping institutional reform, senior officials said on Nov 16. Wu Zhenguo, director of the anti-monopoly bureau of the State Administration for…

Cyber celebrities redefine market reach

The good old branding method of banking only on certain proven celebrities is being challenged in digital marketing and with no guarantee of success, market experts say. “Depending on only a few top stars also means it has become difficult for marketers to uniquely build resonance with their brand,” says Maneesh Choudhary, deputy managing director…

From batteries to buses, BYD has roots in reform

Chinese electric carmaker BYD Co Ltd. is being hailed as perhaps one of the best success stories from the nation’s reform and opening-up in the last 40 years. The Shenzhen-based company has been the global leader in new energy vehicle sales for the past three years and has maintained that record during the first six…

British business booming in China

China will become an ever more important trade and investment partner for the United Kingdom as the latter prepares to leave the European Union, and the UK is looking forward to the Chinese market continuing to open up, especially in the service sector, said Barbara Woodward, the British ambassador to China. “I think it will…

Ubisoft creates games for all players

Company CEO believes being independent is crucial to respond to rapid industry changes Among hardcore gamers, Ubisoft is associated with AAA games, a mark of quality that requires the highest development and marketing promotion budgets, as highly popular video games such as Assassin’s Creed, Far Cry and The Crew provide players with an immersive experience.…