News » Politics » Shanghai's 6,000 convenience stores clamor for thinning profits

News » Politics » Shanghai's 6,000 convenience stores clamor for thinning profits


Shanghai's 6,000 convenience stores clamor for thinning profits

Posted: 23 Dec 2012 04:15 AM PST

Convenience store operators are coping with the intense competition in Shanghai by closing unprofitable branches to reduce losses reported across the sector, the 21st Century Business Herald reports. ...

China eyes nat'l markets to stabilize food prices

Posted: 23 Dec 2012 04:11 AM PST

China will establish national-grade agricultural markets in production regions in 2013 to prevent turbulence in farm produce prices. The Ministry of Agriculture plans to initiate construction on seve...

Award-winning app for sharing TV programs unveiled in Taiwan

Posted: 23 Dec 2012 04:11 AM PST

Taiwan's Industrial Technology Research Institute unveiled an application Saturday that enables TV lovers to share their favorite snap shots or video clips from programs they are watching. The app ma...

Children's group thanks Taiwan gov't for executing inmates

Posted: 23 Dec 2012 04:11 AM PST

A civic group dedicated to protecting children's rights thanked Taiwan's government Saturday for hearing the voice of the people and carrying out the death sentences against six convicts. Wang Wei-ch...

94 Taiwanese nabbed in Sri Lanka for alleged phone fraud

Posted: 23 Dec 2012 04:11 AM PST

Sri Lanka police busted a phone fraud ring Friday, nabbing 100 people, including 94 Taiwanese, the Daily Mirror in Sri Lanka reported on its website Saturday. Priyashantha Jayakody, a spokesman for t...

Foreign brands tap into e-commerce for Chinese market

Posted: 23 Dec 2012 01:39 AM PST

Better distribution channels and price control mechanisms are allowing foreign brands in China's e-commerce market to avoid the difficulties facing the majority of domestic brands, which have struggle...

Car giant Pang Da struggling under mammoth debt

Posted: 23 Dec 2012 01:39 AM PST

As it struggles to stay solvent, Pang Da Group, a major Chinese car distributor, has issued 2.2 billion yuan (US$353 million) in corporate bonds less than six months after raising 6 billion yuan (US$9...

China makes progress in developing alloy for fighter engines

Posted: 23 Dec 2012 12:55 AM PST

China has made significant progress in manufacturing high temperature alloy used for airplane engines and is capable of mass producing them for its J-20 stealth fighter, according to the Beijing-based...

Taiwan unlikely to change key interest rates in 2013: Barclays

Posted: 23 Dec 2012 12:55 AM PST

Taiwan's central bank is likely to leave key interest rates unchanged throughout 2013 because it wants to keep domestic markets liquid and push the local economy on the road to recovery, British bank ...

Shanghai launches ambitious plan to develop Hengsha island

Posted: 23 Dec 2012 12:55 AM PST

Plans are afoot to develop Hengsha, a densely populated island off the coast of Shanghai, by building a deep-water new harbor and a new ocean town that will eventually transform the island into a seco...

Giving to charity online more transparent, say China's netizens

Posted: 23 Dec 2012 12:55 AM PST

Online philanthropy is gaining popularity in China, as many believe that it offers more convenience and transparency compared to traditional methods of donating to charity. Last month, the headmaster...

Submarines recommended as better way for Taiwan to deter China

Posted: 23 Dec 2012 12:55 AM PST

The head of an American thinktank suggested Thursday that Taiwan should purchase submarines to strengthen its naval deployment amid the growing military imbalance across the Taiwan Strait. Taiwan can...

Scholars predict bumpy road ahead for China-Taiwan ties

Posted: 23 Dec 2012 12:55 AM PST

Ties between Taiwan and China are moving onto a bumpy road after the Communist Party of China's 18th National Congress and this might force the two leading political parties in Taiwan to shift their s...

Launch of 'T-shares' unlikely in 2013: Taiwan stock exchange

Posted: 23 Dec 2012 12:55 AM PST

Taiwan's government has proposed listing "T-shares" in the country but the initiative is unlikely to kick off in 2013 as financial authorities will need time to prepare for the new financial product, ...

Media professionals hope Taiwan can influence China

Posted: 23 Dec 2012 12:55 AM PST

Several mainland Chinese scholars and professionals in the media industry said on Friday that they hope Taiwanese people can have an impact on mainlanders in terms of culture and attitudes toward life...

Half of mobile phones in East Africa made in China

Posted: 23 Dec 2012 12:55 AM PST

Mobile phones manufactured in China have cornered half of the East African market, bringing them on a par with the combined total of Samsung and Nokia. However, Chinese firms' common practice of blata...

Will you go out with me, for 20,000 yuan?

Posted: 23 Dec 2012 12:55 AM PST

Make 20,000 yuan (US$3,200) a year for being a Chinese man's girlfriend, if you'd like to take up the "recruiting" offer from Han on his microblog, reports the Hubei-based Chutian Metro Daily. Han, 2...

China needs better cellphone recycling mechanism: experts

Posted: 23 Dec 2012 12:55 AM PST

Several experts have urged the Chinese government to help establish a better mechanism for recycling used cell phones as they pose a threat to the environment, the Chinese-language Economic Informatio...

Online home management service providers a hit in China

Posted: 23 Dec 2012 12:55 AM PST

While buying clothes and food items online is a common practice, selling home management services through shopping websites is now becoming increasingly popular in China. On the website of Taobao, o...

Sinopec buys stake in Talisman's North Sea operations

Posted: 23 Dec 2012 12:55 AM PST

Sinopec announced on Tuesday that it has paid US$1.5 billion for a 49% stake in Canadian firm Talisman Energy's North Sea oil business, the first time the Chinese state-run oil giant has been involve...

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